Topic: Extremely Holding - page 4. (Read 492 times)

personally, i work full in crypto just by doing bounty so when i need money i withdraw it, and its very luck to see people hold for such a long time.

but if you are not using the money its better to keep it and hold it, but even tho I work full crypto I not gonna withdraw it all of it and fact 80% of my money in form of crypto right now  

It's not new, it must be an ancient holder. Since they have their own savings arrangement, one cannot be sure that they only have one collection of bitcoins that actually persisted in one wallet up to this point or that they have other addresses with regular transactions. But it can be another preference that some old bitcoins are still active and some hodler has not lost access.

Until my target is touched.

I can hodl forever. Bitcoin is my new money. Fiat is trash. Swap it for Bitcoin while you still can.

Although, I would probably not be able to bear the shame if I forgotten or even lost a large amount of Bitcoin on some wallet somewhere. Although it has happened with smaller amounts which I later rediscovered so its not a completely impossible thought.

The 11 year old dormant Bitcoin does not necessarily mean it was lost or forgotten, though. 11 years worth of hodling is a commendable length of time but its not unthinkable. Perhaps he/she did not wish to move the coins?

I've been already holding for a long time, so I've decided next bull run will be my limit. That is, when btc reaches close to the previous ATH or reach to a new ATH. Then I'm going to liquidate my holdings, and if price suffers a correction, as it's expected after every bullish seasons, I will start investing again.

The only thing I know is that I can't continue holding for much longer, because life and time is passing and money is in our hands to be used for our own good and for the good of people around us.

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.

This address may be what is meant by the 412 BTC Hold for 11 years. Purchased 1 BTC at a price of $ 12.41 on 28-09-2012 and continued to accumulate with a total purchase of 411.12 BTC on 01-10-2012. this was then hold for up to 11 years and is active again today.

https://bitinfocharts.com/bitcoin/address/1MMXRAo6CZQ5KuLkboQ3tULhZZtj3ovmjT



Seeing how far the transaction was carried out, the Bitcoin went to 4 addresses with a split amount.
https://bitinfocharts.com/bitcoin/address/bc1qxwhey4zdcg75fan93mnsvsskxyqvfrck8fl28u
https://bitinfocharts.com/bitcoin/address/bc1q44rxrlqqvw5ltpnu4kvq77mxss0shgtf2ja899
https://bitinfocharts.com/bitcoin/address/bc1qv9k89vpljh96fctpxk9rr7xkdnd3hafhgrchym25r4rcpwm578ash7vl58
https://bitinfocharts.com/bitcoin/address/1PjgA9yjHG3N9gUs9aoD7mV7rL5VyjPiK4 ^{[wallet: CoinSpot.com.au]}



3 addresses using a segwit address and 1 address using a Bitcoin address originating from the coinspot.com.au wallet (local Crypto Exchange in Australia)

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During the 5 years of doing DCA, there will definitely be many benefits that have been obtained. Counting back 5 years in 2018, of course, you bought bitcoin at a very cheap price and Bitcoin also crashed at a price of $ 3k. You made regular purchases until now and will be used for early retirement, it will be more than enough to cover life in your old age. Don't be tempted to sell if the target you want has not been reached.

To be honest, Personally, I was only able to hold bitcoins from 2017 to the end of 2018 when ATH $19k was reached, but I don't regret selling it because it was a good start to get back the same amount of bitcoins today and continue to hold for new ATHs in the future Later.

actually, in my personal opinion, holding bitcoins is actually not focused
on how long it will hold strong, because an investor certainly sees the situation and conditions. and if for a long time it is the best then an investment with a long time then that is the right decision.
so if I personally invest in bitcoin it is not measured by time
because of the situation and conditions.

This information is really inspiring because it is teachings us the need to be patient and consistent. Some new investors might see Bitcoin as a short term get rich quick  investment making them to prematurely sell thier coins. Bitcoin is not like other shitcoins that can be easily manipulated. Some people even sell below the price they bought because of the fear of the unknown. For me I have a long term plan for my bitcoin because I am targeting to sell when the coin have gotten to a specific price range. I can prematurely  sell my coins only in case of emergences that I can't control with my backup funds.

For me, it depends on my goal because there are some people who invest a lot of money and some people also invest money that they don't care about. Some people also bought Bitcoin, not for investment.
For me, if I decided to buy and hold Bitcoin and my plan is to sell that when the time comes or the target price is achieved or in the future I need some money, then that's the time I can sell some of my Bitcoin that hodl for some period of time.

If that is true (which I don't want to believe), that person is one of those early investors who never think the future of Bitcoin to become today. And in this case, no way he was able to recover it once he lost access to the said wallet but being a responsible investor should always back up everything like passwords or keys. Not that I called it "extreme holding" but I was negligent.

It was a crazy amount and you really become disappointed if never get it but that really happens if we are too careless.
Anyways, that was in the past days when we really don't care about the value of Bitcoin but for now, everyone already has an idea of how to keep their password or keys so this won't happen unless they get hacked.

Well it literally means you just have to forget in order to hold that long. lol

If you are aware that you can't hodl it any longer then be that man/person who forgot his Bitcoin and remember it again thus, moving it to safety. Well, but on the safe side you have to be sure that you don't actually forget the keys to your coins once you have to get it back in time.

Perhaps, don't stare too much on the chart to avoid getting emotional over to what happens in the market.

Depends on how my needs arise.  As long as I don't need to liquidate my holdings due to reasons that I needed money.

I always wanted to hold, I am not an active trader but rather a long-time holder, but when the need for funds arises, I would not hesitate to liquidate my holdings.  I'd rather spend my holdings than let my family starve.  Family comes first before anything else.  Bitcoin can be re-accumulated while the needs of the family can't be neglected.


I think the guy has no monetary problem since he is able to leave his Bitcoin untouched for several years.  I also think that at some point the owner forgot about it but whether he forget about it or not, it is the owner who only knows.

or maybe didnt forget at all! maybe knew all along where his wallet was and the amount
of Bitcoin. Just because it was unmoved for 11 years doesnt necessarily mean it was
forgotten about. That is seriously professional HODLing though!

Personally I am HODLing for 6 years, I have spent some but the BTC balance in my wallets
are growing year on year even after spending Bitcoin from time to time.

Buying dips and DCA'ing all help.

Probably bought Bitcoin 11 years ago and just forget about it since is has no value at that time and now, he finally retrieve the wallet and enjoying the huge profit from his decision to buy 11 years ago. This is not new because there's a lot of dormant wallet started to move since the pump of Bitcoin, we can consider them as a extremely hodler and the early buyer of Bitcoin. Better for him to continue holding it and just wait for a new ATH, that can be more worth it.

I can hold as much as I can and I can also sell a portion if I needed to. I won't make myself comfortable if I sell all that I've got, there has to be some remaining balance of my holdings in BTC so that I'm still prepared for the future.
11 years is a long wait and that guy probably just remembered it once in a while or it's just another wallet that he's got while using and spending the other wallets that he's got during the past bull runs. Anything is of possibility with these dormant wallets. But the main thing is, they're all patient and if we're all patient too, we'll be rewarded soon.

How can you know what the owner did with those coins? Maybe they just moved the coins to a new address. Maybe they will sell only a portion of the coins. Maybe they still own a lot more BTC in other addresses.
If someone sells coins, it doesn't mean they quit Bitcoin for good.

I personally sold a lot of BTC in the past, especially when the price was above $50k. And I won't regret it if the price will climb to $100k, because life is not going to wait. I'm going to always hold some BTC in case it goes to the moon, but I'm also going to sell portions of it as it goes higher and higher.

To those dormant accounts which neither their owners had able to unlock their wallets neither they had found up the keys or they had just completely remembered on the time that they have seen

on whats the Bitcoins price as of today.There's no one could be able to know on whats the real reason behind but its really a good thing for those who had hold up for that long.

It turns out that it did really give out huge profits to them.When it comes to holding then there are people who are really that able to withstand
for a long time when it comes to their assets but pretty sure that lots of them had sold out earlier.

who knows, he just remember where he put his password and other details, right? in any case, holding depends on the person himself, his needs and his goals. each one of us has targets depending on our financial needs. if you have a lot, of course, you won't sell it for a bargain. but if you badly need it, you will force to sell no matter how much is the market price. lucky for those who can hold for a decade and more.

My oldest stash is ~5 years old and I keep adding more on the regular basis (DCA). Plan is to hold until I can go into an early retirement, or until I really need money for something urgent so I can't really say until when plan to hold but hopefully I will never be forced to sell everything.


Why do you assume that owner of those bitcoins never sold any just because he didn't move them for 12 years? People can use more than 1 address in order to hold their bitcoins (like I am doing)  and maybe owner sold most of it long time ago and he is still left with those 412 bitcoins.

Indeed, he has taken a long time to reap the benefits. I still wonder the faith on how long this person must have has and never been tempted to sell the coin all these years. One fascinating aspect of these early adopters is that they didn't care about bitcoin and are so wealthy that they don't even value the bitcoin in their wallets. Holding for this long can only be done by those who have so much wealth that the value of bitcoin is insignificant in comparison.

Holding cryptocurrencies, or any asset for that matter, is a personal decision and can depend on various factors such as investment goals, market conditions, and individual financial situation. There is no right or wrong answer to how long one should hold cryptocurrencies. Some people may hold for short-term gains, while others may hold for the long-term.

It is important to keep in mind that cryptocurrency prices can be volatile and there is always a risk of losing money. Before investing, it's advisable to research the asset and understand the potential risks and rewards, and to seek professional advice if necessary.

Ultimately, it's up to the individual to determine how long they feel comfortable holding their investment.