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Since March, 100,000 investors in the Netherlands have sold their crypto

13 Sep, 2018
by David Robb
News
Since March, 100,000 investors in the Netherlands have sold their crypto

A recent report carried out by Dutch research bureau Kantar TNS claims that around 100,000 people in the Netherlands have sold off their cryptocurrency in the last 6 months. According to nu.nl, the historic rally of 2017 was what initially attracted an influx of investment from the nation.

For its relatively small population of 17 million, the Netherlands boasts a large market for cryptocurrencies.  Although 100,000 people have sold up in the last 6 months, there remain around 480,000 Dutch holders of cryptos.

Investors who sold claimed that the falling prices affected their positions. Many got out to maximize their profits, while others attempted to minimize their losses, and other investors claimed that they just didn't see a future in crypto.

Bitcoin was the most popular crypto investment for the Dutch, but its total market share has fallen recently. Ripple's XRP token has also been a popular choice. Losses from the crypto market downtrend weren't too bad for most investors, as the average person put less than 1000 Euros into cryptocurrencies.

Read more: Dutch financial watchdog releases crypto report: youngsters taking too much risk; Netherlands successfully tests IOTA payment for electric car charging

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