Extremely Holding - page 2. | Bitcointalksearch.org

panganib999

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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?

To be fair, I think he would've just sold it if he knew it was there to begin with. My inference is that he completely forgot he had bitcoin holdings and thus commencing this 11 year prop hunt with no whistles. Or perhaps he really is just waiting for 11 years due to some time lock on his wallet or something along those lines but that is implausible, same with him just outrightly waiting til 11 years has passed, when he could've just opened his stash a couple years prior when bitcoin is at an all time high and he could bag more millions.

The Cryptovator

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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.

Odusko

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Bitcoin holding can ve was taken as a psassivething, as much as I work for money I will keep holding bitcoin because my funds are held in bitcoin especially if the assets are held in a cold wallet.
Bitcoin is for a lifetime which is why I won't give any time frame for Holding Bitcoin, for as long as I have the chance to accumulate more wealth in bitcoin, I will keep holding.

Findingnemo

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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.

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Quote from: Broadanbig on February 11, 2023, 01:36:23 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?

Holding is a very decisive aspect where one needs to think and rethink before concluding because one can not be in a situation where one will need financial rescue and you have such funds kept some where and you can not access it. It takes discipline to do such when you are in that kind of situation.ost people holding must have an extra source of income whereby you can depend on it without touching your bitcoin for long irrespective of the market ups and downs. Instead of withdrawing you set a monthly target for yourself where by you would be taking advantage of the market by buying in fractions bit by bit to as to increase your volume of holding.
In conclusion, I think people with extra source of income can likely be the ones who can hold for a long time but those without any source of income would barely hold because they would definitely fall back to their savings for rescue.

We would really come into a time on which we do really need to have some money due to some emergencies or really badly in need of funds on which it is really impossible for you to ignore and impossible for you

not to care that much on converting your investment that you do have and you do know that you do have it and you would really be going into a point which you would be needing to sell it up along the way.
This is why it is really that hard to make out some conclusions in regarding about holding it for long term specially with these conditions and even there's none and you do see that the market is continuing
to pump then you would really be always have the tendency.This is why it is really that hard even when you are just purely holding up.

Broadanbig

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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?

Holding is a very decisive aspect where one needs to think and rethink before concluding because one can not be in a situation where one will need financial rescue and you have such funds kept some where and you can not access it. It takes discipline to do such when you are in that kind of situation.ost people holding must have an extra source of income whereby you can depend on it without touching your bitcoin for long irrespective of the market ups and downs. Instead of withdrawing you set a monthly target for yourself where by you would be taking advantage of the market by buying in fractions bit by bit to as to increase your volume of holding.
In conclusion, I think people with extra source of income can likely be the ones who can hold for a long time but those without any source of income would barely hold because they would definitely fall back to their savings for rescue.

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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?

At first glance this may look like an extreme case of buying early and holding for a long time, I'm not so sure. There are probably a lot of people who use their Bitcoin on a last in first out basis. I suspect that is what happens when we hear stories like this. The owner of that address probably kept stacking BTC for a long time after getting those funds. This to me is a sign that the user has exhausted the rest of their coins and are resorting to moving coins from old wallets, or perhaps it was a form of proof of funds for some sort of loan or other business arrangement. I think the odds that someone made a purchase, forgot about it for 11 years, and then decided to sell it now are very low.

Haunebu

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Honestly, I wouldn't be able to HODL my stash for so freaking long since I give in to the temptations to sell for quick profits quite often at any point of time due to the extremely volatile nature of BTC.

I lost bigger profits due to these crazy temptations which is alright in my opinion since any profit is still profit at the end of the day which is what truly matters at the end of the day.

Also, most people who HODL for many years are usually investors who completely forgot about their investments.

Maestro75

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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?

The owner moved the bitcoin and not that he sold it. It will be ok to say he did not need the cash from that wallet and am believing that it is possible the owner will have other wallets he has been selling from. Nobody keeps that huge amount of money somewhere and not reduce his risk by selling some. That is my opinion.

wiss19

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If it's not an extreme form of holding then it can be a wallet that has been hacked or cracked. I already some people who are in a mission of doing it in an old Bitcoin wallet which has a good number of Bitcoins inside them. It's also kinda impossible if the users of those coins will just buy it and forget if after so many years. They either have perished already from an unfortunate event or they already forgot an access to their Bitcoins.

There are some who threw away their old computers with Bitcoin on it. Three months of holding is not a joke and if the people isn't used to this then it's normal that they will feel that hodling their coins is like a century already.

coolcoinz

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I have 8 year old coins myself. 11 sure is a dedicated investor because at that time you were able to get bitcoin from faucets. Those were good times when you could get free money.

Quote from: taufik123 on February 08, 2023, 08:25:43 PM

It's amazing to see an address with 412 BTC moving, the owner would be the richest man in the place where he lives and could buy anything or make vacation plans with the profits he had with bitcoins for 11 years.

Unless he lives in Beverly Hills, NY, Silicon Valley... Or many other places. Come on man, it looks like a big amount but it's only 8 million USD. For many people that's pocket change. SBF was spending more with one hand while picking his nose with the other. Bernie Madoff was able to get 30 million investments into his scam from some of his wealthier investors. 8 million may be a lot for a normal person, but for an actor or a football player it's just a payment for a contract.

MoonOfLife

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Quote from: ektotanes on February 09, 2023, 12:46:43 PM

I think the best way to hold your Bitcoin is to put it in your wallet, delete the app and forget about crypto for 10 years. This is how they do it.

Are you sure you can do it? are you sure you will never check bitcoin price or news about bitcoin in 10 years? Even if you delete the app but if you still check its price every day you will not be able to avoid the temptation if your fortune increases unless you stop using the internet in those 10 years.

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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?

We don't know if the owner is sole person or an institution and decide to move the holdings for profit taking matters. But even if this is somehow not good to see still this is good that there are someone that earning a good profit with this for holding those btc for such a long time. I don't know in modern era there are people who's willing to hold the same timespan as they do because way back then bitcoin is so cheap compare to now bitcoin is much expensive so maybe a person will doubt to let their huge money sleep for long time span since they might lose due to inflation or other bad things that could happen.

tjtonmoy

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

How long do you think you can hold?

The question is, is it something that I can afford to lose? Investment plan should be with the assets that you are willing to lose. So if that what it is, then there's no problem to hodl it for over a decade. But in many situations we have to put our hand on those savings. But still if we manage to avoid that, then no problem at all.

And the news seems like, that guy actually did forget his hodling, and somehow he got them back, so now he's moving them. Whatever it is, this is an example of HODLing.

isaac_clarke22

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

How long do you think you can hold?

They could be the old gang during the old days of Bitcoin and just was really expecting Bitcoin to reach at this price or maybe they just needed money that's all.

I can hold for more than a year depending on the urgency to the need of money and that is why I don't make investment as another "full-time job" since it is an unstable one. You never want to fall behind your bills once they arrived during bear market.

ektotanes

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I think the best way to hold your Bitcoin is to put it in your wallet, delete the app and forget about crypto for 10 years. This is how they do it.

michellee

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I've lasted more than 4 years and until now still fine. People who own bitcoins want to hold their bitcoins until the price can touch a price peak. But unfortunately, not many people can really do that because most of them will panic if they see market conditions experiencing a correction or even a deep decline. But it's very lucky if someone "forgets" their bitcoins for a few years and finally, he can remember it back if he has bitcoins and sells them at the peak price. It would be a rare situation that can happen but he was a truly lucky person.

Ultegra134

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There could be a wide variety of reasons. from lost and recovered to forgotten in an old wallet or even a planned holding. It's honestly a great amount of time, and if it was on purpose, it makes me wonder how s/he got through the ATH without the temptation to sell. I've been holding a relatively small amount of Bitcoin since 2020, and the thought of selling hasn't crossed my mind yet, but 412 bitcoins? That's a great number, which in my opinion points out that it wasn't intentional holding; how could someone possibly survive so many ups and downs within 11 years? Unless it's the secondary address of an old investor or miner from the early era, which hasn't been used yet.

Dickiy

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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?

It was a crazy person holding bitcoin for that long, 11 years ago if the count was the same at the beginning of the year it means it was in 2012 the bitcoin price was in the range of $4 - $13 in that year, if it is now with a value of $9.6 million it means the bitcoin that he has about 426.48 Bitcoins, if we predict his purchase price to be around $ 7 in 2012 he spent more or less $ 2,985.36 to buy bitcoins.
That's just a bitcoiner and that's what is called holding, especially if the count is bitcoin when the ATH is $ 69k maybe the money he has is as much as $ 205,989,840. it's really crazy. I myself don't know whether I will be that strong in holding bitcoin, especially with such a large amount, just a few days apart, I have seen my bitcoin when there is an increase or decrease in the market.

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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?

Holding Bitcoin for a long period of time is a personal decision, and anybody can do it, in as much as you hold an amount that you are not going to need or affect you for quite a long period of time. Because for such individual to have held that amount of Bitcoin that long period of time without even selling it when the price rose above $60k, is a sign he/she must be a comfortable wealthy individual who has enough money to carter for his daily needs.
So you shouldn't because of this now go invest your house rent or salary into Bitcoin and hoping to hodl it the next 10yrs, because you will likely die of hungry.
But I will love to tell you that Bitcoin is the best alternative to long term investment, that is, if you wish to invest for a long term, then Bitcoin is the answer.

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