Extremely Holding | Bitcointalksearch.org

Bushdark

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Quote from: alastantiger on February 08, 2023, 03:46:00 PM

If this isn't some extreme form of holding, I wonder what it is then. According to the Twitter handle of Bitcoin Archive, 412Bitcoin worth $9.6m was moved from an address that was dormant for 11years. That means the owner just bought and "forgot" it there. While for some of us who have been holding for the past 3 months, it's seems like a century.This is gentle nudge that if someone has done it then you can(that is, if this is your goal).
How long do you think you can hold?

The reasons not because people can not hold there Bitcoin for a long time as like many of the whales had been holding for long, the main reason is that many of us are not too financially bouyant that is why it does look like we are not going to hold for a long since all pockets are not thesame. Some persons pocket is wide while some are narrow. The market is very competitive so we have so many options for us to buy any cryptocurrency we like that is why many of us are not bothered of holding large quantities of Bitcoin. We don't have to worry but to buy Bitcoin according to our pocket.

justdimin

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Quote from: CageMabok on February 15, 2023, 09:38:48 PM

Quote from: nimogsm on February 15, 2023, 04:23:13 PM

I know a man who has been storing his bitcoins for more than five years and is still not going to sell them, his plan is to wait for the next major growth, he believes that the price will be 100 thousand and until then he will continue to increase his savings.There are people who clearly follow their plan.

That sounded pretty incredible, because I'd never heard of such a thing before. But is a man holding huge amounts of Bitcoin waiting for a $100K price growth? Because if you only keep it in a small amount, I don't think it will be extraordinary enough for him even if the Bitcoin price reaches $ 100K later. If he was a big man with a lot of capital and still really believed in Bitcoin, surely he would try to add more Bitcoin savings before the $ 100K price happened to Bitcoin.

Doesn't matter how much they have compared to us, it matters how much he has compared to his old self. Which means, if he is living in a poor nation and making a small amount, that means even if he turned 50 dollars into 500 dollars that could be a good amount to have on the side, or turning 500 into 5k would be a life changing thing for them maybe.

I know that people are confused how 5k could change a life when it is one months salary for many people, but the truth is most of the world lives under 500 dollars a month, and that would be nearly a whole years worth of salary all at once and could change someone's life if they live in a country like that.

CageMabok

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Quote from: nimogsm on February 15, 2023, 04:23:13 PM

I know a man who has been storing his bitcoins for more than five years and is still not going to sell them, his plan is to wait for the next major growth, he believes that the price will be 100 thousand and until then he will continue to increase his savings.There are people who clearly follow their plan.

That sounded pretty incredible, because I'd never heard of such a thing before. But is a man holding huge amounts of Bitcoin waiting for a $100K price growth? Because if you only keep it in a small amount, I don't think it will be extraordinary enough for him even if the Bitcoin price reaches $ 100K later. If he was a big man with a lot of capital and still really believed in Bitcoin, surely he would try to add more Bitcoin savings before the $ 100K price happened to Bitcoin.

ChiBitCTy

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I have seen stories of dormant wallets coming to life like this from time to time. Sometimes I think it's just lost wallets that have been found, sometimes it's people who truly had been holding that long out of pure will, etc. Either way I think it's important to know it's smart to hold, have strong hands, but that goes for all investments. I personally think it's important to spend bitcoin too. Help out with it's ecosystem.

BitDane

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Quote from: Synchronice on February 15, 2023, 01:13:49 PM

What makes me kinda curious is that why did he decide to withdraw coins right now instead of bitcoin halving days? If he sold during peak times and bought during the fall when it was floating between 16K, he would truly have tremendous amounts of coins. Transaction from an old address would also attract some attention and create a little hype during that time.

It is really interesting to think of the reason why the owner of that address decided to move the coins right now since if the intention of the owner is to sell those coins then he just need to wait another two years in order to get the possible maximum profit for those coins. But well, we don't know if the person have the emergency and in need of a huge fund to cover the needed amount.

Quote from: noormcs5 on February 15, 2023, 12:53:50 PM

Quote from: Findingnemo on February 11, 2023, 02:20:00 PM

Well, Satoshi still owns a million bitcoins and it has been sleeping there since the beginning so what we can say about that obsession with holding? Grin

We have to decide until when we are going to hold our crypto assets which varies from one to another depends on their needs and goals, for someone who is very rich and have lot of sources to make revenue then they can wait patiently when one of their asset is bleeding to death, so life is not same for everyone.

Well, we do not know if satoshi is even alive of not, but other than satoshi, there are number of wallets (of course we do not know whom wallets), that are holding bitcoin and never sell even at the top of bull market.

These are the two true holders and bitcoin reward the most to those who can hold it for the longest time period.

True many of us think that the coins in the given satoshi wallet address is unmoved because satoshi is not in this world anymore. So it would be a huge surprise if those coin become active all of a sudden.

nimogsm

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I know a man who has been storing his bitcoins for more than five years and is still not going to sell them, his plan is to wait for the next major growth, he believes that the price will be 100 thousand and until then he will continue to increase his savings.There are people who clearly follow their plan.

Findingnemo

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Quote from: noormcs5 on February 15, 2023, 12:53:50 PM

Quote from: Findingnemo on February 11, 2023, 02:20:00 PM

Well, Satoshi still owns a million bitcoins and it has been sleeping there since the beginning so what we can say about that obsession with holding? Grin

We have to decide until when we are going to hold our crypto assets which varies from one to another depends on their needs and goals, for someone who is very rich and have lot of sources to make revenue then they can wait patiently when one of their asset is bleeding to death, so life is not same for everyone.

Well, we do not know if satoshi is even alive of not, but other than satoshi, there are number of wallets (of course we do not know whom wallets), that are holding bitcoin and never sell even at the top of bull market.

These are the two true holders and bitcoin reward the most to those who can hold it for the longest time period.

There is no doubt about it, more longer you hold then the reap will be higher but how long to hold is too much long just for the sake of asking and excluding the users who treats 1 btc = 1 btc no matter what.

Captain Corporate

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I have to say I haven't done this yet, and I have been around for 10 years or so, and I failed to see how much it can go up. But I learned from my mistakes and bought some in 2018 and been buying some constantly whenever I get some money as well. I have three coins, bitcoin, ethereum and bnb, and I trust them a lot, I do not have much bnb, just one, rest is in bitcoin mainly and a bit of ethereum. I have been doing this for nearly 5 years now, sold some at some times, and recently sold all of it to send donations to earthquake victims in our nation, but I did it for 5 years before I had to sell, and I could have hold even longer if I didn't do that, which is why I believe that it is not really unlikely for people to hold for that long at all.

Synchronice

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Quote from: alastantiger on February 08, 2023, 03:46:00 PM

If this isn't some extreme form of holding, I wonder what it is then. According to the Twitter handle of Bitcoin Archive, 412Bitcoin worth $9.6m was moved from an address that was dormant for 11years. That means the owner just bought and "forgot" it there. While for some of us who have been holding for the past 3 months, it's seems like a century.This is gentle nudge that if someone has done it then you can(that is, if this is your goal).
How long do you think you can hold?

Not only Extremely Holding but that's quite Extremely Interesting. While the address wasn't included in original post, I did quick research and find out that this is the address we are talking about: 1MMXRAo6CZQ5KuLkboQ3tULhZZtj3ovmjT

This person has been active from the very first day, i.e. since 2012. This is the time when he created wallet.
Here is the list of his transactions (click on image for higher resolution):

What makes me kinda curious is that why did he decide to withdraw coins right now instead of bitcoin halving days? If he sold during peak times and bought during the fall when it was floating between 16K, he would truly have tremendous amounts of coins. Transaction from an old address would also attract some attention and create a little hype during that time.

noormcs5

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Quote from: Findingnemo on February 11, 2023, 02:20:00 PM

Well, Satoshi still owns a million bitcoins and it has been sleeping there since the beginning so what we can say about that obsession with holding? Grin

We have to decide until when we are going to hold our crypto assets which varies from one to another depends on their needs and goals, for someone who is very rich and have lot of sources to make revenue then they can wait patiently when one of their asset is bleeding to death, so life is not same for everyone.

Well, we do not know if satoshi is even alive of not, but other than satoshi, there are number of wallets (of course we do not know whom wallets), that are holding bitcoin and never sell even at the top of bull market.

These are the two true holders and bitcoin reward the most to those who can hold it for the longest time period.

xSkylarx

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Quote from: uchegod-21 on February 15, 2023, 12:02:31 PM

Quote from: alastantiger on February 08, 2023, 03:46:00 PM

If this isn't some extreme form of holding, I wonder what it is then. According to the Twitter handle of Bitcoin Archive, 412Bitcoin worth $9.6m was moved from an address that was dormant for 11years. That means the owner just bought and "forgot" it there. While for some of us who have been holding for the past 3 months, it's seems like a century.This is gentle nudge that if someone has done it then you can(that is, if this is your goal).
How long do you think you can hold?

Some people who hold for a very long time didn't do that om purpose. It could be that they forgot their keys or they forgot that had an investment and later recovered when the price is very high.
While some knows they have investments and decided to hold it for a very long time and those are the extreme holders. I don't intend to hold for ever. I will sell when I need money or when there is a major all time high.

Most of the holders are already tempted to sell bitcoin way back when it reached its ATH while its price was constantly dropping. If they still had the keys, but they forgot them and later discovered it after like 11 years, then that is the possibility they sold it immediately. Even myself in the past ATH, I am sure I am really tempted to sell it since I bought it cheaper which you will gain massive profit that time, but if you lost your private key, then you have no choice but to continue holding and hoping to recover it.

uchegod-21

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Quote from: alastantiger on February 08, 2023, 03:46:00 PM

If this isn't some extreme form of holding, I wonder what it is then. According to the Twitter handle of Bitcoin Archive, 412Bitcoin worth $9.6m was moved from an address that was dormant for 11years. That means the owner just bought and "forgot" it there. While for some of us who have been holding for the past 3 months, it's seems like a century.This is gentle nudge that if someone has done it then you can(that is, if this is your goal).
How long do you think you can hold?

Some people who hold for a very long time didn't do that om purpose. It could be that they forgot their keys or they forgot that had an investment and later recovered when the price is very high.
While some knows they have investments and decided to hold it for a very long time and those are the extreme holders. I don't intend to hold for ever. I will sell when I need money or when there is a major all time high.

borovichok

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Quote from: S A KHAIR on February 13, 2023, 07:31:17 AM

Quote from: ?? on ??

I will hold bitcoin in OWNR until 100K!

Almost everyone has this goal, a lot of people are waiting to sell their bitcoins for $100k. In my opinion, 100k USD is not too difficult for bitcoin, just one more bull season, bitcoin will easily reach that goal. I will also sell bitcoin for $100k or in the next bull season, depending on the situation I will make a decision.

Large Bitcoin investors will show patience during the bear season as well as glitch bulls that will close numerous trading accounts. Despite the significant loss in my portfolio, I continue to hold because I have not yet reached my goals. A bull run for Bitcoin up to $100,000 wouldn't happen overnight; the process would take time. Too much time passed during the bear season, and bitcoin owners are still reeling from the significant losses and cancellation of their trading accounts. One of the main goals for traders looking to earn huge gains with bitcoin or other cryptocurrencies in the market is likely the impending bull season. The single tactic that has prevented the liquidation of my account for me is calculated risk management.

ajiz138

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Quote from: The Cryptovator on February 11, 2023, 02:50:57 PM

Holders will determine how long it will hold. There are numerous factors to consider when holding Bitcoin. Because when owning Bitcoin, everyone has their own ideas and goals. When they succeed in their goal, they will sell it. I wait to sell till I make a decent profit. I advantage from the volatile. My aim is to build my Bitcoin holdings so that I may benefit well in the long run.

Sometimes there are people who stay with bitcoin longer because their goal is to survive for more than 1 decade, there are also people who survive waiting for ATH with a 4-year cycle that also really depends on each other's targets, it's just that every time there is a decent profit, it must be taken because of the opportunity it will be a long time coming again so that moment must be used while we can survive with the right time.
Building bitcoin ownership from now on is much better. I also take advantage of this still low price. Therefore, when it reaches ATH in the next few years, we are ready to sell some of the bitcoins we have for profit.

Inwestour

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Quote from: Z-tight on February 13, 2023, 07:25:28 AM

If you plan to hold BTC for the long term or until it is 100k usd, you may want to think over the choice of the wallet you claim you are going to use, if you want to hold BTC for the long period, it should not be in a hot wallet, i would advice you invest in a hardware wallet for the best security, or set up a wallet like electrum on an airgapped device and operate it offline in a safe enviroment. Do not hold your BTC in wallets or apps of centralized services and exchanges.

Security is something you should not save on, it is better to buy a hardware wallet once and be sure that your funds are safe. Exchanges are good for buying coins, probably for today it remains the most profitable way.

But for long-term storage, this is not the best option. There are many examples and the recent FTX shows how dangerous this is. Those who think that they will have time to quickly withdraw their funds if something like this happens are mistaken. No need to repeat the mistakes of others, no need to lose money in order to learn this lesson.

S A KHAIR

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Quote from: ?? on ??

I will hold bitcoin in OWNR until 100K!

Almost everyone has this goal, a lot of people are waiting to sell their bitcoins for $100k. In my opinion, 100k USD is not too difficult for bitcoin, just one more bull season, bitcoin will easily reach that goal. I will also sell bitcoin for $100k or in the next bull season, depending on the situation I will make a decision.

Z-tight

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Quote from: ?? on ??

I will hold bitcoin in OWNR until 100K!

If you plan to hold BTC for the long term or until it is 100k usd, you may want to think over the choice of the wallet you claim you are going to use, if you want to hold BTC for the long period, it should not be in a hot wallet, i would advice you invest in a hardware wallet for the best security, or set up a wallet like electrum on an airgapped device and operate it offline in a safe enviroment. Do not hold your BTC in wallets or apps of centralized services and exchanges.

Bananington

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Quote from: alastantiger on February 08, 2023, 03:46:00 PM

That means the owner just bought and "forgot" it there. While for some of us who have been holding for the past 3 months, it's seems like a century. This is gentle nudge that if someone has done it then you can(that is, if this is your goal).

Some people have it within their capacity to just buy bitcoins and keep holding for an unspecified period of time. People who have this ability and strong holding ability usually have two characteristics in common. First, if you do your fact finding properly, you will find out that most of these persons have other very viable sources of income that can sustain them enough not to think of touching their investments in bitcoins. The second character common to extreme holders is their ability to resist the urge and pressure to sell off some of their bitcoins both in times when they need money and when the market looks to be performing good or bad.

wxa7115

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Quote from: decodx on February 08, 2023, 04:21:12 PM

It sounds like someone found a massive stash of Bitcoin that was just sitting there for 11 years! Can you imagine forgetting about that much money? And the fact that they were able to get that much Bitcoin in the first place just shows how much faith the early adopters had in crypto. Crazy, right?

It is also possible the holder of those coins found something wrong with the way they stored their coins and decided to move their coins to protect them, as it does not makes the most sense to try to move those coins now to sell them when the price is not as high as it was at the end of the previous bull market.

And even if they just found out a stash of lost bitcoin it makes more sense to wait for a few years and then sell it, as at that time they could obtain way more money than what they can obtain now.

Mauser

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Quote from: alastantiger on February 08, 2023, 03:46:00 PM

If this isn't some extreme form of holding, I wonder what it is then. According to the Twitter handle of Bitcoin Archive, 412Bitcoin worth $9.6m was moved from an address that was dormant for 11years. That means the owner just bought and "forgot" it there. While for some of us who have been holding for the past 3 months, it's seems like a century.This is gentle nudge that if someone has done it then you can(that is, if this is your goal).
How long do you think you can hold?

Good for him, 11 years is a long time and holding through all the bull and bear markets since then must have taken some strong stomach. Only question I have is why sell now? At the moment it seems to me like one of the worst times to sell your coins. Maybe he needs some money, but why not only sell a fraction and at least keep some of the money for the future. If you hold your coins for such a long time you should always keep some. Also anybody who only holds his coins for 3 months can't be looked at as a HODL investors, for that you should be holding longer than a year. Personally I have traded bitcoins quite active in the past and moved on now, for me HODL is the only real option to save and grow my crypto portfolio. I am looking at crypto currencies and bitcoin in particular differently now, it's an asset that should be part of any portfolio. That is why I am planning to leave my coins forever and pass them down to my children and hopefully my grandchildren eventually.

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