I have recently wrote about the increas in both Bitcoin wholecoiners as well as the 10k coin club who increased to 100 members. This is the other side of that coin.

Bearmarkets takes its toll

80,000 wallets that where holding Bitcoin have had their value fall under 1M during the recent Bear Market. This the other effect of having a low Bitcoin price. While some take it as a opportunity to firm up their holding by acquiring more. Others just have to sit down in the boat and remain calm.

It is worth noting that this "drop" in Bitcoin millionaires is measured from November 12, when Bitcoin hit its all time high at 69k. Then a massive 108,886 wallets were reported having Bitcoin totaling 1M or more.

Now what?

While it has been my experience that most people buy Bitcoin as a long term investment. I do not see this as a reason to panic. With the number of people holding Bitcoin seemingly increasing on a broad front we will surly reach a new high regarding Bitcoin millionare wallets when this Bear Market ends.

In the meantime I would recommend trying to get as good a deal as you can and try and sure up your holdings. And if you are already am holding Bitcoin, just sit down, lean back and what for the fun to start back up again. But of cours you should do what ever you think is best with your money, as I am no no place to give financial advice to anyone. =)

What is your plans regarding Bitcoin, and the Bear Market, are you holding selling or looking to get some good deals? Please share your thoughts in the comment section down below.

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