Nearly half of the surveyed cryptocurrency investors (46%) admitted to selling some of their possessions in the last several weeks. Those with lower salaries were more likely to part with their holdings.
Most HODLers Tend to Be Wealthy
The American-based business intelligence company – Civic Science – polled thousands of cryptocurrency investors to find out how the ongoing market crash affected their actions. 26% said they cashed out a lot of their positions, while 20% sold a small amount.
Unsurprisingly, most financially stable individuals (specifically those earning over $150,000 per year) remained HODLers since only 28% of them parted with some crypto possessions. 65% of those from the lower income bracket, though, sold a chunk of their stash.
The desire to invest in digital assets has also changed due to the price collapse. In January, 54% of the investors said the market volatility is a significant obstacle that could stop them from distributing wealth in it, while currently,...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...