Topic: Do you want to live a peaceful life? Without drama? Then HODL and enjoy the ride (Read 463 times)

Its never been easy since from the start since we know on how volatile this market is thats why whenever news and fundamentals is something around then it cant really be avoided for you not to make
out any reactions in times where the market do really make out some movement which would really boggle up your mind and its not something a drama but rather those typical reactions for someone to do so into this very speculative market but if  you are really that determined on sticking with your position or target then you wont really be bothering yourself with the current trend.
To those people who had accumulated coins on 26k are indeed making profits in a short time.

Holding any asset that has high volatility will not be easy. Rapid price changes will put our psychology at play. Holding bitcoin is indeed the best choice for the long term. Even though it has high volatility, bitcoin guarantees that it will continue to reach its highest price. But, even so, entering at the right time will provide more profit, it is necessary to do an analysis to be able to buy at a lower price.
Holding and forgetting may be easy to say, but it will require psychological strength and believing that bitcoin will be better.
enjoy the journey, holding until the target price is reached.

Congratulations man, seriously! I got in some year later and since I'm not good trading I prefer to hodl as well, but it's always a very bumpy ride, many people have no idea what hodling really means, there is a lot of stress anyway in some situations but at the same time I feel good because I believe in bitcoin and I know it'll get always better and better. But again, it's not easy 

If I've known Bitcoin since 2013, I'm sure that I've already sold some of it during the first bull run last 2017. I admire your patience and to be honest, not everyone has the courage to wait for almost a decade. In some cases, holding and being patient is the key to success. I'm sure that if Bitcoin would strike higher, your patience will pay off.

This is the truth but I think that anyone that believed that holding bitcoin was going to be easy to hold were mistaken from the beginning, the only asset that is easy to hold for the long term is one in which there is no volatility and it remains static, however while that is easy you will be losing purchasing power due to the inflation, bitcoin is volatile but over the long term it has an upwards trajectory, so while it is difficult to hold it we know it is the right thing to do se we can protect ourselves from fiat currencies and their inflation.

You should always be hopeful about bitcoin, I have been holding for a few years myself as well and I can say that this drop means nothing to me as well. It could become 10k dollars and I wouldn't care, it's not about where it drops it's about where it goes up in the future that matters to me.

I have zero doubt about the price going up, which is why I really believe that we should not be considering the situation as a bad thing, in fact if you buy more right now I am 100% sure that it will go up a lot in the future so why not get some right now? This is the type of trust I have towards crypto, I believe that it is always looking good and should always be supported.

If you have not sold a Satoshi since 2013 till date that is around 9 years and quite a longtime to hodl and not tempted to sell at the ATH. This is really to be applauded but my question is how have you managed to survive with not selling? Despite you earn from signature campaigns and you also have kept all to date, you must be very rich at this time because of the appreciation of bitcoin over the years.

Ever since 2013? Wow! How much was Bitcoin then? About $ 100? Imagine that. I don’t know if there were any signature campaigns back then, but imagine earning half a bitcoin, or even a whole bitcoin, in a week in sig. campaign. That would be ridiculous, right?


That. Many people forget this fact. For every bitcoin you sell today, you will regret it tomorrow.

I hope I have known crypto back then but I guess even if I did I wouldn't be able to HODL just like you.
Congrats on your profit from holding for almost a decade now and I hope to see Bitcoin recover soon.

everyone believes that bitcoin is a very valuable asset in the future, almost everyone in every country has entered the bitcoin world, and has invested in bitcoin, everyone wants to live in peace, then hold bitcoin, and enjoy the journey, I always invest long term , because if I make long-term investments I don't have to exhaust myself, because I get fantastic profits when I make long-term investments.

Sometimes being a holder is a difficult task because the temptation is there especially if the market is in bull seasons and taking profit is just click away in our computer or phone's app. I believe that time is only our hope to become successful in this industry and just being patient we will make our dreams come true just by believing in bitcoin and the power of holding.

Life, life gets interesting when there are dramas. That's story for another day.

I wonder if there inst any drama at the moment, with hodlers seeing the market go bearish, very seriously and unexpected. For some reasons, many are left to believe its just a strategy buy the whales to create a selling opportunity. Giving new hodlers the reason to rush for a sale in order to save profit or to cut there loses.

But that isn't the idea of hodling is it? A true hodler is one who's hodlings have or is ready to hibernate through the bearish season and even tsyas frozen in the bullish market until it is necessary for enjoyment of investment, although that goes for ROI or some other strategy to it.

Some of us understand the importance of HODLing your Bitcoin assets but what you just explained here is the reason some have not been able to do so not because they don't want to. I remember a post here some time ago that talked about how easy it was for the "Rich" to get richer in terms of BTC investment because they can afford to hodlin whatever situation since they have buffer finance for other things, unlike the "poorer" categories. It takes a lot of dedication for investors like OP to continue to HODL regardless of some of the ATHs we have seen in the market.

HODL really depends on the financial status of every individual, for example someone with 1000 dollars in their bank account can't follow the same strategy as someone with 500K in their bank account but the purpose is to accumulate more money for that you need to buy low and sell high, if its possible to keep holding on every situation then its good but there are also people who like to play short hands on every wave.

Its a must thing but it cant really avoided for you not to panic on the time you do really watch the market on how it moves or in overall situation.How about into those people who had bought on peak or ATH price of 69k?
For sure most of them had already long time cut their losses but there are still people who had still been holding and its amazing on how they do really control out theirselves despite of the stress that it gives
knowing your investment is really on that big negative. If you are really that minding about long term aspect then you would really not panic even into these bearish times.

That should always be the motivation if you aim for long term hodling, not to be bothered by its price volatility and all the market's highs and lows that will make the market always unpredictable. Good thing if you stay and focus on your goal, because in the end you will be gaining the highest advantage from not selling your coins. Not all people are capable for long term hodling, because even if we think its less risky than trading, but still hodlers could sometimes get panic too if they see that their investments are not working anymore. The reason why long term hodlers should have more patience and courage above others.

Some people don't still trust bitcon, if their is Slight drop in bitcon price, most people just panic and sell. Have been holding bitcoin for years now and I don't even care if the price is going up or dropping, the only thing I do now is that whenever am having extral funds that I won't be using for now I still use it to accumulate more bitcon because I believe the price is still very low and I believe lot's of people will still regret why they didn't buy at the current price.

I support what you do especially you are someone who has been in Btc for a long time and you decide that of course with faith in btc and I admire what you do.
This is a good move because what's the point of letting go if it's a good thing.
you've felt something worse than this before so it's no wonder you're pretty relaxed now and a lot of people should be doing the same

It is an individual thing, but the things is this, it is a currency, as in a medium of exchange that can be used to make purchases here and there in places where it is already being accepted, it is also an asset for speculation on the price, it is up to you the individual to make up your own mind on how you choose to use it. And nobody is actually claiming to hodl for life, there is quite a lot of prospects with Bitcoin, first of all it is a long term project that is still a long way from harnessing its potentials, thus for speculators they have to wait for the long run to really make great ROI, that 'long period' isn't technically holding for life, it is just that there are a lot to come with the network, but everything still boils down to the individual, you decide what to do, you shouldn't even take advice from anyone in the first place.
All of these are actually great, and no one can fault you for that, this is how a lot of people use their Bitcoins too, but we can't question how other people use theirs, if they are more into the long term, then great. For example even though i believe Bitcoin really has a great long term prospect, i can't really ask/force someone else to see that and hodl with me.
I am afraid this last part of your post is off-topic i'm sorry.

I completely agree, we have weaker hands and string hands in crypto market as of now, I hope as they sell their coins strong hands are picking them up for future hold, this market doesn't want 2 months investors who will keep making noise anytime there is a slight shift in price. Not everyone will take advantage of this opportunity.

I'm not disputing the fact of holding bitcoin for long time frame, because i understood from the existence of cryptocurrency and especially bitcoin, that the more you hold Bitcoin is the more you get advantages over it market increment values..so the problem is that nobody can predict the future and life span of bitcoin, because it's a creative currency that wants to dominate all over the world, which it's possible to be abolished by creating another related currency that will be superior than bitcoin.

So over the emphasises you portrayed that bitcoin can last up to 2140 years or turns base on your direction, I'm not disputing that also because it's assumption, but will it be callful to die when holding bitcoin... At least sell your coin and enjoy the valuation of bitcoin.

thats a huge one and i believe its going to pay off eventually. hodling is the best looking at the fact that previous history shows it will move to a new ATH. some people knows how to sell at some high price even though not the ATH and buy back lower not specially the bottom. anyone who cant face the stress of frequently monitoring price should just hodl.

Hard to believe but the OP did and maybe you're one of those people who don't need the money, I mean maybe the OP has some other income that makes his needs met and if that's true you're great.
since i myself have a steady income or steady job i keep selling them when i make a profit on ATH and i will also sell them if i want something expensive and i can't afford it and i stick with it. But I didn't spend it either.
Holding bitcoins from 2013 to date is a huge achievement and you are not tempted in the slightest when the new ATH comes along, and also with huge gains.

by the way may i know how many bitcoins you have hehe... kidding

Hold will never be easy, let alone hold bitcoin since a few years ago when we didn't know what the future of bitcoin would be.
Maybe people who still hold bitcoin for a long time have no problem holding on for a few more years because they still have other sources of income so they can still hold.
But for people who have financial difficulties while they still have bitcoins, of course, they will sell bitcoins, especially if the price can increase higher as it is today.
So Hold is an option for everyone who owns bitcoins and it is up to them to keep Hold or sell their bitcoins and it is their decision.

There is no doubt that if the price of Bitcoin goes down and never goes up, Of course it will go up .And what happened now is that in 2013/14 people couldn't imagine that I think bitcoin will go even higher than we think now. Anyway, congratulations to you, I am really surprised to see your patience. You have been holding bitcoin since 2013 . In this case I'm a less patient person so I can't hold it for long term. I bought it in a dip  and sold it when it increased. I bought it again and sold it again like this (Because I like to do short-term trading). My point is, if I spend my life on holding, when will I eat? That's Doesn't  mean I am not discouraging those who are holding it . The fruit of patience is always sweet. Similarly, holding Bitcoin for long-term can lead to huge profits.

You are completely right and even then people are not going to listen to your advice, people want to get rich fast with bitcoin and as such they think of trading as the best option for them to do this, and while a few traders can in fact make that much money we also know the vast majority have no chance at all to reach those results, so with this in mind holding our coins for the long term is the best option, but unfortunately very few people realize this before they suffer massive losses.

Some people simply use it as an investment only rather than currency. While I think that bitcoin should be used   (and I spend bitcoin on the regular basis) as what it is initially intended for, everyone is free to use (or not) his bitcoin as he pleases.


That's just straight up bullshit. Didn't you just say that people should spend bitcoin and not just hodl it, so how the hell should someone become bitcoin millionaire if he bought his first bitcoin 3-4 (it takes up to 3 years to become Legendary) years ago, and keeps spending it all the time?

               Damn, op is really amazing to be able to hold on to his btc for that long. Imagine the temptations every time there's an important thing that needs to be bought, or the bragging rights and being able to say " I told you so" to your peers that has been doubting you. Although, it wouldn't be wise telling anyone about your holdings just because you know them. Heck, even the closest people around you sometimes cannot he trusted. Well, if everyone are well of in life then I think  most of these people won't even think about selling as well. I wish I was that well off as well. But anyway, congrats op.

HODL is the best strategy, if you want make real profits, make long term investments. Bitcoin  is going to be a great asset in future. Its already too big to ignore and Its technological superiority over fiat will always keep it a good investment option and in long run it will always be profitable. But I believe in the current market short term investments in good projects is also a good avenue of making good money. SO while you keep HODL, keep chipping profit from small projects also.

There is another story for people who like to spend bitcoin regularly because they enjoy the advantages. Remember that bitcoin is not just a matter of value, it's a method.

After all, everything will be coincidental regardless of how well you plan.
Suppose with 1 btc I spend today (@30k) on favorite foods or to my favorite places in good health, I have fully enjoyed my bitcoins. Or I decide to spend 1 btc in the next 20 years (@500k), but I with an illness are only limited to enjoying certain foods that were not my past favorites. If the first action includes "weak hands" then I better take that.

I really don't get these "ranked" people (legend\hero\etc) who keep claiming to HODL for Life and will never sell....


WHY DO YOU HAVE BITCOINS???


I sold some of my BTC in 2019 and paid of my house
I sold some of my BCH in 2020 and bought a nice car
Right now I am -waiting- for BTC tot hit above 80-100K and I will sell another one\two and buy a myself another house


I use my Bitcoin (and other) to live my life to the max!

Why holding on to it and never make use of it! Ridiculous!


OR


Is the fact that lots of legends and heros around here with high Merit, actually don't have that much Bitcoin

Shouting how good they are, and how well they know Bitcoin...  blablabla
And still shitfucking around with less then one BTC ?


Every Legendary who is NOT a millionaire by now has simply : FAILED !
  

That's why we should keep monitoring. I already buy some bitcoin in these dump and may buy agin if the price will drop again, we don't know upto how much the price will be but we should not put all at once in bitcoin as there is still no positive news that can move the price up. If we plan to hold more than trade then better monitor the price. If already bought some then just keep waiting tills rise again, it will only be a matter of waiting and depending on our life situations so we can't say that there might be no drama since were not in control of the market.

They already are panic selling. Most of retail buyers got out, mostly at a loss, in January.
Do you believe that people who are selling now (those big players) are doing it because of panic? It's a calculated move to start buying at levels that are considered historical support like levels of mining profitability. Hash power is rising the whole time, which means miners are investing money right now, just like they were doing it at 40k.
Don't be fooled into thinking that people who were willing to buy bitcoin at 40k USD are out now saying fuck 30k, I'm not going back to bitcoin. They see the same charts that we all see and they paint a picture of stable growth and constant higher highs on the weekly time frame.

If it were to happen that we go below 20k (not wick because of lack of liquidity but actually go and stay there, it would be a first time in 13 years. Possible, but very unlikely and only big events like world war 3 could make it happen.

I do not think that you avoid drama by just holding for a long time because you "witness" it even if you are not part of it. Yes, if you buy and hold it long term then you do not have personal drama with crypto and it doesn't go up and down constantly and all of that. However, just because you do not feel fear about your own money, doesn't mean that you are nowhere to be found, you still watch the markets and you still end up feeling that drama happening to other people.

For example, I have been holding for a long time now, but I still feel a "fear" when the price goes down, not like it would matter to me but it does make me feel that way anyway, hence why I believe long term is not the solution.

What you might be right about is that bitcoin will live for another hundred years. But how many years have you measured yourself? How many? And also, you claim that you are not rich. In this case, how much can you save from 2013 and still remain not rich? I won't give examples.

But yes, the truth is that after going through many ups and downs, bitcoin will still return to growth. But to make a profit from bitcoin and not spend it, you either need to be rich (after all) or a fool. In old age, your wealth will seem like an unnecessary burden to you. Live here and now.

In some past threads opened by the OP, I also wrote something similar in the sense that a lot of things can be bought with money, but that time is still something that no one can compensate or control. I want to say that everyone should understand that some things should not be postponed indefinitely, therefore one should enjoy life every day, and if that means occasionally selling part of Bitcoin, I don’t see why that would be a bad move.

What I find very unlikely is that BTC will ever be worth so little in the sense that it will be close to zero, although some insane regulations could make it much less valuable than it is today.

Here you go again , I really love you posting like this and also giving me full trust for Bitcoin as you have not sold any single satoshi for that long time .
you admired me a lot mate and thank you for this kind of post .
but still you afford Holding your bitcoins that long while the temptations are all there for many times before, and specially when the price Hit 20k and now almost 70k  yet you keep them all? how great human are you .

If the situation does not stabilize soon, then we may see a much larger drop in the price of bitcoin. It can reach 20k, or even fall even lower if people are subjected to panic selling, which can turn into an avalanche effect. I really hope that this will not happen, but it cannot be ruled out either. Previously, they were happy that large players were buying bitcoin, but now these players are selling large sums of bitcoin and are collapsing the price...

I sold two times..... Once at $18 000 at the ATH back then, before it dropped (2017) and then again at $60 000 before it dropped back again. I am not regretting any decision to sell some coins, because it made a drastic change in my life.

OP, your decision can backfire on you.... or you will become filthy rich.. that is the gamble that you must take. I will rather have a scenario where I took some profits and when it goes to zero, I can show something for my Hodling.... than not doing it and having nothing to show for it.

I also don't have many problems if I continue to hold BTC, but honestly, this life is governed by too many things for us to be passive. The more you let go, the easier life becomes, but it is very difficult. Like a lot of people here, I've made a profit between 2019 and now, but for the future we have too much to deal with. BTC is very cheap for many people, but it is also beyond the reach of the masses with popular incomes like today. It is hard to say that it will take a long time to reach. But lucky people like us know and can buy it, so in my mind, I always wanted to be able to do something for the people around me from what we have received.

Do you really see 30k as an opportunity, being the long term holder that you are?
I still have coins that I bought for sub 1k USD and for me 30k doesn't look like an opportunity to buy. The price is pretty high if you look at it from my perspective.
Don't get me wrong, I'm not planning to sell here, but when you look at the history and see that it touched 4k in 2020, 30k looks more like a high level than a low one.

IMO the fair value of bitcoin is around 30k, so selling here is a bad idea, but historically bitcoin often fell below the fair value when people sold in panic. 2020 is a good example of that, so there can be a better opportunity for those who don't have any BTC yet. 30k looks like a solid stable level that we are going to come back to again, not like a one time opportunity that you don't want to miss out on.

Good for you. But the last time the market is bullish and Bitcoin reached another ATH, aren't you tempted to take profit or you have set target price? In my case I tried to keep holding my Bitcoin but during emergency we have no choice but to sell some. Now that Bitcoin is turning down, its time to accumulate again. I also believe the price will skyrocket in the future so its worth it to hold and save little by little. The current situation is just temporary hence for investors who used to seeing the price of Bitcoin turning up and down, they're not panic selling unlike those people who have weak hands and cant bear seeing their coins losing value.

Yeah the older you are in the crypto space the more confidence you have in bitcoin. Moreover there is technical reason why everyone should buy and keep holding through every dip. Since we buy at the current dip with x price it gives us that proportionate profit when bitcoin hikes. The profits in relation to fiat are higher for those who bought bitcoin at cents worth price and different for those who bought at current rate. So definitely oldies are way richer and has already gained thousands of times profits. Even though anyone is new in the market they should keep buying and hodling. Plus one for this.

To make things clear for everyone, I'm not a rich person, probably most of you here are having a much higher revenue. I'm just very determined because I know BTC's potential and BTC is the last thing I'd touch. It's a difference between being rich and being perseverant.

The big winners in crypto are definitely those who came to buy those coins in a very cheap value and hold them for years until they will be satisfy enough to see the current value and decide to sell. But for OP, you must be very determined to hold your coins without getting fears that you will lose in the end, that's so brave of you. Soon you will definitely reap the fruit of all your hardwork and patience, just keep on hodling.

I cant believe you held it long . I can only hold it for couple of months and selling it off not because i am a weak hands but I need money to spend on something. I got curious about how rich are you now ?lol since you bought bitcoin last 2013 and that is the most cheapest price and easily to afford. If i am holding that bitcoin i am sure i also sold it to buy a house because we dont own one. I regret i sold before my Bitcoin but to lessen my regrets i just think thay if i havent sold it i never eaten foods from fast food since we cant really afford it

It is good that they trade frequently to get their goal of getting rich quickly.  But many who has this thing in mind often fell into fraud and scam that promised a huge amount of profit with Bitcoin as cover investment.


It isn't virtually impossible and to be honest it is feasible.  There are lots of Bitcoin and crypto stories that make people rich in less than 2 years of crypto investment.  And I bet many member of the forum here can attest to that.

Dips are temporary while inflation is permanent, what do you think?
I believe that these recent dumps on Bitcoin and other markets are because of the high inflation in most countries.
To be honest, during these times is the best to buy Bitcoin if you are planning to hodl for the long term, but there are some people who are waiting for the dip and start become afraid to buy the dip, like before when we reached all-time-high they regret not buying on a lower price, so this is the best time for sure.

I have been similar for the past 2 or 3 years give or take. I have been around since the 2013 march, and I failed to hold any bitcoins I got, never really trusted the system as a whole, not the tech part, I trusted that the moment I saw it but the price. I remember selling dozens of bitcoins over the course few years when I first started and even gambled many away as well. For the past 2-3 years I have been learning more about the economy and that gave me a lot more patience, this drop is insignificant, and even an opportunity for me. My transition happened way too late, nearly 7 years later, I hope newbies do not make the same mistake that I did and wait for too long to become a long term traders.

People who think like OP know what bitcoin is, its value and its mission.
Sometimes it's not just accumulating more money or worrying about losing it all.
Bitcoin will remain bitcoin.
Today the main stock indicators of the New York Stock Exchange closed with negative indices causing all this panic due to uncertainty, this causes the world economy to slow down due to the current situation and the decision-making of monetary policy and China's lockdown.
My thought is like OP's let's not let panic overcome us. Let's not sell our bitcoin because the rich are waiting for it.

Having held bitcoin since 2013 reveals the kind of personality you are, your social status, financial background and more.
Someone who is not financially balanced, someone who struggles to accomplish a project and someone who has no backup, cannot hold bitcoin as long as you did.
When they say hodl, someone who wants extra few dollars in his capital to complete a house rent cannot hodl.

Yet, some people has the will power to hold but conditions doesn't permit them. Please forgive those of us that fall in this category.

Unfortunately, a lot of people want to get rich very-very quick, so they try to trade frequently, and because of that they are worried about about bear markets. If only people realized that getting rich in 2-4 years is already extremely fast, and anything faster than that is virtually impossible, there would be far less stress and losses in their lives.

Some questions:
1. How many bitcoins did you have in 2013?
2. How many bitcoins did you buy after that?
3. Why do you think that it's bad to trade? If you are so patient holder, then you could use a lot of historical moments that happened in 2017 and 2021. I don't say it's easy to predict the price but when you hold infinite and see that bubble grows, grows and grows and it reached 20K USD (2017 event), let's sell this bitcoin and wait for the price dump because I'll have an opportunity to buy more bitcoins, double, triple my bitcoins. Aren't you with that passion?
4. What's your day-to-day activity that lets you not touch bitcoins even in worse-case scenarios?

You must be living a good life already OP that you were not tempted to sell even some of your btc's. I guess you will have a very bright future ahead, as everything will pay off in the end. But not in my case OP, because i have sold some of my coins but with a great purpose. So i won't be regretting in the future because i was also in profit when i sell them. For now, i'm starting to accumulate again more bitcoin for my portfolio so i can still be profitable in the future, as there's no late when it comes to bitcoin.

First, OP believes in BTC. Second, I bet OP has other source of income and have the luxury of investing and holding BTC without affecting his budget for daily expenses and bills.  I commend OP's unwavering faith in Bitcoin reaching $xxx,xxx.00. 


It wouldn't be stressful if you have enough faith in BTC and a budget to spend for your daily lives.

his patience is really commendable. not everyone can do that. for one, we have different needs in life that most will sell their holdings once they see a very good price. and use that amount to whatever they want in life. or some are forced to sell because they need to pay bills or of that sort of situation even if they don't want to. so great to hear from a long-time holder who has seen a lot of ups and downs and still holding...

Wow! Its really good to see that someone who had been able to hold for 9 years which is something that someone could not easily be done due to lots of ups and downs where you could really potentially able to sell or cut loss whether its a pumping or declining market.Its hard when you do really make yourself aware on the condition of the market or simple been seeing or checking actively
unlike when you are just simply holding and dont stress out yourself when it comes to price and make yourself that fixed mindset on selling out on near future or in the right time.

Eh, what you're doing is right, but not for everyone. Just imagine that what you're describing as an easy task may be very stressful for some. Seeing it rising high enough that you're thinking "hey, I may be set for life", not selling and then seeing it drop low enough to think "did I miss my chance? I could have been set for life" may be a very stressful way to live for someone else. But good for you that you are able to do it.

This is another opportunity for those of us who have never purchased Bitcoin before. I wish I had a large enough capital to buy Bitcoin at its current price because I hope to hold Bitcoin for a long time. I'm curious how traders will fare today; those who purchase and sell in a short amount of time would have been out of luck throughout the year because the market isn't yet stable, and we don't know when it will be. Holding, in my opinion, is the best way to avoid market frustration.

This would be a great way if you are always going to be positive and see the things that BTC can give. You know that you are going to be able to "diamond hands" it all the way because you know where you stand on it. If you focus on one thing, you can definitely be unaffected by the price changes because overall, you can see the view and the positive things it can give in the long run. Just HODL.

I will try to follow your strategy to hold like 10 years, if I can be able to get it right in this season because I find it difficult to hold more than 2 years. I think I will use this capital to purchase a huge amount of bitcoin and hold till bitcoin price reach $100k before I can sell to be part among the successful investors in the community. Many people will use this step to be at peace with their long term investment.

I don't think those who have sold some of their coins along the way will be happy reading this and seeing that they are have been called "weak hands". Your act of HODLing for long since 2013 is really commendable, but still on... doesn't justify criticizing others who maybe have faced more difficult situations than yours. Some people did not sell just because of the dip which we all know is temporary, some other situations necessitated it and everyone has their thresholds.

I applaud your hands of steel. When you go through different market cycles, the thirll of price increases does not impact you much, neither does the panic of price drops, it's just a series of ups and downs, depending on the season, and the assurance that the price net direction is upwards.

When you need to to do something, you need to. Selling your Bitcoin a times when you needed the money does not make you mad of a bitcoiner, it was something you had to do.
My advice would be to manage your investment and only put in money you would not need in an emergency situation, that way you will not need to panic sell.

You only lose when you sell.

I'm not a hodler like you (sold when needed) but I've gotten used to the market volatility from the 2017 cycle. It hasn't been easy but you learn how not to care anymore For those who are panicking, remind yourself that we are just two years away to the next halving.

How so? I think this current drop is still nothing compared to what happened before (90% drop from previous cycle ATH).

They must be new.

You are a true Bitcoiner among us all. I was first to know about bitcoin in 2015 but unfortunately, I was not wise enough to maintain bitcoin in my portfolio. In fact, life was quite tough for me which forced me to sell all my bitcoin during the 2018 downtrend. But things get better now so I am looking forward to collecting some bitcoin for around $25000. Let's hope that I will not suffer from any catastrophe so that I will hold my bitcoin for the next 20 years.

This cycle is deadlier than all the previous. Many of my friends are crying about losing money both in Cryptocurrency and stocks.

I think I didn't even had satoshi in my own wallet even in 2014. So it's an impressive achievement for OP.

But I've done my fair share of holding (not 100% HODL since I've kept some, but also sold some) and I can tell that imho one really get to "enjoy the ride" when the price goes down only after managed to beat a crypto winter and hold for (at least) one full 4-year cycle.

Since 2013? That's amazing the amount of profit that you could make by just holding is baffling. Unfortunately I do not have extra money that I can hold and therefore for me I have to sell more of what I have from the campaign to take care of everything.

Because of holders like you the whole network is more or so stable. There are more than 50% major holders and whales maintaining the balance against trading. It's amazing how you held onto even after the high in 2018-19. I have known plenty of people who exited from the whole thing after making slightest amount of profit.

Right now there are people already placing bets on :
1. Bitcoin hitting all time high in 2022
I also do believe that it would be the central body around which the whole concept of currency will revolve considering the adversities that the world is facing right now, from pandemic to the war. It's only going to get better.

Endure another year and you'll be able to say you've been a holder for a decade


In the short history of Bitcoin, this has proven to be a fact, but given everything that can happen in 100+ years, the question is whether there will be people at all, let alone Bitcoin. Far from being pessimistic, but when I see what is happening in the world in the last 2 years, I wonder if some super virus will erase us or if some lunatic will do it by pressing the red button.


It's always the same game, big fish eat small ones and that can't be changed without completely changing the way small fish think, which won't happen in the near future. Yet anyone who sells BTC at any time has the opportunity to buy at any time, the only question is at what price.

I've never sold a satoshi since 2013, actually never sold any BTC. I've seen all the ups and downs, seen them all. I'm very relaxed now because I just HODL and enjoy the ride. Let the weak hands lose, the strong hands will remain. Go on and sell your BTC to the big boys. One day BTC will go in the $xxx,xxx zone and many of you will regret selling. Dips are temporary and BTC will still exist in 2140, remember that, it cannot just disappear. Go on, make the rich guys richer. They will be happy to buy it from you, but remember, once you give it away it's gone.

Actually I cannot believe a new opportunity to buy BTC for cheap has been given to everyone. It could be among the last who knows!