I still remember about 6 years ago I bought 2 btc at a price of $235 (total $470), unfortunately I used it for HYIP and cloud mining so there was only 0.25 btc left, I kept it on coinbase and in 2017 I opened it again the value was around $2400, this is a lesson for me that hold bitcoin very profitable in the long run.
But what happened to your endeavors with HYIP and cloudmining? Did you at least made some money out of it? Also, are you still hodling those .25 bitcoins as of now? That amount of bitcoin is a pipe dream for many including me so I hope that you still have that. I am hodling too but it's not as much as you have. 
Topic: The power of Bitcoin HODLing - page 3. (Read 1099 times)
Not only imagine, how was people's feeling with bitcoin that they bought in 2014 although price is quite high than $1. I think most people wouldn't imagine this, or imagine that because for me still no one know where bitcoin price is gonna be. Maybe with just grateful if we already sold our coins in cheaper price that now will be the key to help us.
There's no going back because we would just be stressing out ourselves on thinking about the probabilities if we had able to get in on that particular time.We had missed the train and theres no way for us to go back and only to those who had believed on bitcoin into its earliest days or years would really cherish out on things
that they had able to risk on that particular time but well not all had able to access their coins but for those who had able to then they are really making some big bucks now.
Not only imagine, how was people's feeling with bitcoin that they bought in 2014 although price is quite high than $1. I think most people wouldn't imagine this, or imagine that because for me still no one know where bitcoin price is gonna be. Maybe with just grateful if we already sold our coins in cheaper price that now will be the key to help us.
This is something that is many times ignored and it is true, without a doubt holding your coins is the best strategy over the long term, and while there are some people that can hold their coins without any problem things are never that simple, holding is hard especially if you happen to buy at the wrong time.
There are may people that bought at the end of 2017 and thought the price will keep going up only to endure a huge crash, after that the price did not move much for two years, anyone that still held their coins during that time is probably finding it incredibly easy to hold their coins now but I will not be surprised if only 5% or less were able to do it as the losses those people were forced to suffer were nothing to laugh at.
Something that do talk about psychological aspect because you would always know that you are holding something behind which means that if you do actively watch the market There are may people that bought at the end of 2017 and thought the price will keep going up only to endure a huge crash, after that the price did not move much for two years, anyone that still held their coins during that time is probably finding it incredibly easy to hold their coins now but I will not be surprised if only 5% or less were able to do it as the losses those people were forced to suffer were nothing to laugh at.
on that manner then you would always have the tendency on making out decisions.
Human beings are emotional and once you do saw that your portfolio is on reds then its really hard to resist on not to make any reactions.
However there are many instances in which doing something is wrong and the best thing that you can do is to do absolutely nothing and holding is the kind of strategy that requires you to sit down and do nothing, but psychologically speaking this is very difficult because we have a tendency to be problem solvers and once we see that our portfolio is on the red people want to do something about it and holding tells them that they are wrong.
word which is part of a human behavior which most of the time its hard to resist on.
Making such move should really be accompanied with in-depth analysis and considerations where lots of trial and error would be based up also according to your own market experience.
Hodling might sounds easy but the factors around that will affect you isn't something that you can just ignore without having some enough experience.
This is something that is many times ignored and it is true, without a doubt holding your coins is the best strategy over the long term, and while there are some people that can hold their coins without any problem things are never that simple, holding is hard especially if you happen to buy at the wrong time.
There are may people that bought at the end of 2017 and thought the price will keep going up only to endure a huge crash, after that the price did not move much for two years, anyone that still held their coins during that time is probably finding it incredibly easy to hold their coins now but I will not be surprised if only 5% or less were able to do it as the losses those people were forced to suffer were nothing to laugh at.
Something that do talk about psychological aspect because you would always know that you are holding something behind which means that if you do actively watch the market There are may people that bought at the end of 2017 and thought the price will keep going up only to endure a huge crash, after that the price did not move much for two years, anyone that still held their coins during that time is probably finding it incredibly easy to hold their coins now but I will not be surprised if only 5% or less were able to do it as the losses those people were forced to suffer were nothing to laugh at.
on that manner then you would always have the tendency on making out decisions.
Human beings are emotional and once you do saw that your portfolio is on reds then its really hard to resist on not to make any reactions.
However there are many instances in which doing something is wrong and the best thing that you can do is to do absolutely nothing and holding is the kind of strategy that requires you to sit down and do nothing, but psychologically speaking this is very difficult because we have a tendency to be problem solvers and once we see that our portfolio is on the red people want to do something about it and holding tells them that they are wrong.
Become a holder is not easy, especially for smallholders, because they need to calm down and not panic, especially if the price is up and down many times. But if they can hold their emotion and wait for more or leave the market after they bought, they can prevent panic.
So if you decide to become a holder, you need to stay calm and don't think much about the bitcoin price fluctuation because that always happens to the bitcoin price. If you have more skills, you can try to increase your bitcoin amount from trading because that is the way that you can do to earn more satoshi.
This is something that is many times ignored and it is true, without a doubt holding your coins is the best strategy over the long term, and while there are some people that can hold their coins without any problem things are never that simple, holding is hard especially if you happen to buy at the wrong time.So if you decide to become a holder, you need to stay calm and don't think much about the bitcoin price fluctuation because that always happens to the bitcoin price. If you have more skills, you can try to increase your bitcoin amount from trading because that is the way that you can do to earn more satoshi.
There are may people that bought at the end of 2017 and thought the price will keep going up only to endure a huge crash, after that the price did not move much for two years, anyone that still held their coins during that time is probably finding it incredibly easy to hold their coins now but I will not be surprised if only 5% or less were able to do it as the losses those people were forced to suffer were nothing to laugh at.
Being Hodler has its great advantages, at the moment many are waiting for it to break its historical maximum, when reviewing an article by Cointelegraph they indicate the following:
and:
Source: https://cointelegraph.com/news/watch-these-key-technical-levels-as-bitcoin-price-nears-61-800-all-time-high
Most market speculation about Bitcon claims that there may be a short-term bullish movement, the important thing is that in two months the price consolidated at $ 58k, this could have created a consolidated wall to resist any bearish attack, Investors will undoubtedly defend the price that is generated from now on, in addition, institutional investment has been very significant, the fact that NFTs are fashionable shows that Bitcoin is the safe investment. Every weekend at the market has become very exciting.
Quote
As long as the price of Bitcoin stays above $58,387 and keeps attempting to break out above $61,188, it would likely see a new record high in the foreseeable future.
and:
Source: https://cointelegraph.com/news/watch-these-key-technical-levels-as-bitcoin-price-nears-61-800-all-time-high
Most market speculation about Bitcon claims that there may be a short-term bullish movement, the important thing is that in two months the price consolidated at $ 58k, this could have created a consolidated wall to resist any bearish attack, Investors will undoubtedly defend the price that is generated from now on, in addition, institutional investment has been very significant, the fact that NFTs are fashionable shows that Bitcoin is the safe investment. Every weekend at the market has become very exciting.
Become a holder is not easy, especially for smallholders, because they need to calm down and not panic, especially if the price is up and down many times. But if they can hold their emotion and wait for more or leave the market after they bought, they can prevent panic.
So if you decide to become a holder, you need to stay calm and don't think much about the bitcoin price fluctuation because that always happens to the bitcoin price. If you have more skills, you can try to increase your bitcoin amount from trading because that is the way that you can do to earn more satoshi.
This is something that is many times ignored and it is true, without a doubt holding your coins is the best strategy over the long term, and while there are some people that can hold their coins without any problem things are never that simple, holding is hard especially if you happen to buy at the wrong time.So if you decide to become a holder, you need to stay calm and don't think much about the bitcoin price fluctuation because that always happens to the bitcoin price. If you have more skills, you can try to increase your bitcoin amount from trading because that is the way that you can do to earn more satoshi.
There are may people that bought at the end of 2017 and thought the price will keep going up only to endure a huge crash, after that the price did not move much for two years, anyone that still held their coins during that time is probably finding it incredibly easy to hold their coins now but I will not be surprised if only 5% or less were able to do it as the losses those people were forced to suffer were nothing to laugh at.
on that manner then you would always have the tendency on making out decisions.
Human beings are emotional and once you do saw that your portfolio is on reds then its really hard to resist on not to make any reactions.
Become a holder is not easy, especially for smallholders, because they need to calm down and not panic, especially if the price is up and down many times. But if they can hold their emotion and wait for more or leave the market after they bought, they can prevent panic.
So if you decide to become a holder, you need to stay calm and don't think much about the bitcoin price fluctuation because that always happens to the bitcoin price. If you have more skills, you can try to increase your bitcoin amount from trading because that is the way that you can do to earn more satoshi.
This is something that is many times ignored and it is true, without a doubt holding your coins is the best strategy over the long term, and while there are some people that can hold their coins without any problem things are never that simple, holding is hard especially if you happen to buy at the wrong time.So if you decide to become a holder, you need to stay calm and don't think much about the bitcoin price fluctuation because that always happens to the bitcoin price. If you have more skills, you can try to increase your bitcoin amount from trading because that is the way that you can do to earn more satoshi.
There are may people that bought at the end of 2017 and thought the price will keep going up only to endure a huge crash, after that the price did not move much for two years, anyone that still held their coins during that time is probably finding it incredibly easy to hold their coins now but I will not be surprised if only 5% or less were able to do it as the losses those people were forced to suffer were nothing to laugh at.
Not hodling means you don't trust Bitcoin even If it has been constantly increasing every year.
We all have our own reason why we couldn't hold it up till now.
We are still on pandemic so expect that not everyone can able to buy since we are in lockdown and people need money for essentials. But eventhough we are in bad shape due to the happenings good thing bitcoin still able to hold its strength so provably we can see more and those hodlers can earn big if they decide to hold.
The power of bitcoin holding will give you the biggest reward in the future. If you already buy bitcoin for a long time, especially bought bitcoin at $1 in a huge bitcoin amount, you will become the richest and be one of the world's richest people. But holding bitcoin is not just easy because if you follow the journey of bitcoin, I am sure you will face a panic moment, happiness moment, and many feelings you will get. But if you can hold bitcoin and keep it in your wallet without thinking much about the price, you will not have to face that feeling because you only want to sell bitcoin if you see your target price comes to you.
If you have bought bitcoin at that low level, you will probably not be holding right now, there are only a limited number of people who bought bitcoin at 1 dollar or lower and that means we are not going to see much of them hold any longer right now, there wasn't much people involved with bitcoin when it was 10k bitcoin for 2 pizza deal, it was very little amount of people here and almost all of us knew each other and who we were.In other news if you still keep buying bitcoin for the past 3 years you would still be quite richer today as well, you do not really need a lot of money to make it work, you could just put a bit of money, like 5% of your salary every month into this and you would still be paid very well, that is why I think it is quite obvious that buying bitcoin at any given date is a great choice, doesn't matter if it is today or tomorrow or yesterday, everyone should buy bitcoin and hold.
You know what, I already bought bitcoin from 3 years ago at a low price
And I still held it until now, and I use it for trading to earn more bitcoin. I need money, but it does not mean I should withdraw all of bitcoin at a price now because I believe bitcoin will increase so high. So I still hold it and wait for the next high price.
Not hodling means you don't trust Bitcoin even If it has been constantly increasing every year.
We all have our own reason why we couldn't hold it up till now.
The power of bitcoin holding will give you the biggest reward in the future. If you already buy bitcoin for a long time, especially bought bitcoin at $1 in a huge bitcoin amount, you will become the richest and be one of the world's richest people. But holding bitcoin is not just easy because if you follow the journey of bitcoin, I am sure you will face a panic moment, happiness moment, and many feelings you will get. But if you can hold bitcoin and keep it in your wallet without thinking much about the price, you will not have to face that feeling because you only want to sell bitcoin if you see your target price comes to you.
If you have bought bitcoin at that low level, you will probably not be holding right now, there are only a limited number of people who bought bitcoin at 1 dollar or lower and that means we are not going to see much of them hold any longer right now, there wasn't much people involved with bitcoin when it was 10k bitcoin for 2 pizza deal, it was very little amount of people here and almost all of us knew each other and who we were.In other news if you still keep buying bitcoin for the past 3 years you would still be quite richer today as well, you do not really need a lot of money to make it work, you could just put a bit of money, like 5% of your salary every month into this and you would still be paid very well, that is why I think it is quite obvious that buying bitcoin at any given date is a great choice, doesn't matter if it is today or tomorrow or yesterday, everyone should buy bitcoin and hold.
The power of bitcoin holding will give you the biggest reward in the future. If you already buy bitcoin for a long time, especially bought bitcoin at $1 in a huge bitcoin amount, you will become the richest and be one of the world's richest people. But holding bitcoin is not just easy because if you follow the journey of bitcoin, I am sure you will face a panic moment, happiness moment, and many feelings you will get. But if you can hold bitcoin and keep it in your wallet without thinking much about the price, you will not have to face that feeling because you only want to sell bitcoin if you see your target price comes to you.
Hodling currencies in the long term is safer than trading currencies and losing some trades. when trading, you face many penalties and risk your money and you may make profits or may lose them, Hodling is good for those who don't have enough trading experiences.
Yes, holding is safer, specially if you don't have the experience yet to trade. But for some, this is boring, and for others, they want to trade but the risk is too high. So it's everyone choose, to either hold or trade.
I'm sure that those who trade really knows the risks, but at least we can try, and if it doesn't fit, then we can switch back to the old and traditional way of investment, - hold as long as you can.
Hodling currencies in the long term is safer than trading currencies and losing some trades. when trading, you face many penalties and risk your money and you may make profits or may lose them, Hodling is good for those who don't have enough trading experiences.
That's a good strategy than taking some luck with day trading, because the assurance of long term holding is bigger. On my previous activities I don't really have a good profit due to wrong decisions made, I failed on the value which I think profitable to sell. That had put me into panic buying, and then depreciated my holdings quantity. I should've done wrong placement of orders to avoid frustrations.
I had attempted to trade back then with BTC with various altcoins and it did not go well for me.
As long as I saw those losses, I pulled back my funds and did stop loss.
Never did it again, although I could be learning a lot more from that experience, it isn't just worth my time.
As long as I saw those losses, I pulled back my funds and did stop loss.
Never did it again, although I could be learning a lot more from that experience, it isn't just worth my time.
Mostly happened to everyone, trying to work with your trade but don't have the patience to
hold and wait after seeing some losses. You have to realize that the market is very volatile
without sincere patience you'll lose eventually. If you choose to move forward better to learn
from those past mistake.
HODL isn't an easy thing to do. Most of people don't even HODL actually. The real HODLer is never sell any of your coin, despite how bad the news on market, dump on market, or anything else. You simply don't care about those news and just keep HODL your coin.
If your coin already made your 10x or 20x profit for you, you must be gotta sell it ASAP. Just simply buy and HODL your coin for 1-5 years isn't even HODL, that just investing.
I partly agreed with your statement that holding is sure difficult to pull off especially if you cannot control your emotions. Upon holding you must not be swayed by bad news and small pumps, the reason why we hold is that we want to achieve something big not just a small profit but if you got swayed by little changes that won't be called a HODL anymore, perhaps it is more like a trade or something. However, regarding your last statement, I don't think HODL doesn't work that way where you set a specific time for you to call it a HODL because I believed that HODL is about setting a huge goal or target maybe like a 10x profit or more regardless of how much time you hold it. If your coin already made your 10x or 20x profit for you, you must be gotta sell it ASAP. Just simply buy and HODL your coin for 1-5 years isn't even HODL, that just investing.
HODL isn't an easy thing to do. Most of people don't even HODL actually. The real HODLer is never sell any of your coin, despite how bad the news on market, dump on market, or anything else. You simply don't care about those news and just keep HODL your coin.
If your coin already made your 10x or 20x profit for you, you must be gotta sell it ASAP. Just simply buy and HODL your coin for 1-5 years isn't even HODL, that just investing.
If your coin already made your 10x or 20x profit for you, you must be gotta sell it ASAP. Just simply buy and HODL your coin for 1-5 years isn't even HODL, that just investing.
Normally we don't plan our investment like that. If I had purchased Bitcoins in 2018 for $3,500 per coin, then I would be having a specific target price (such as 10x - $35,000 or 20x - $70,000). I will be selling all or part of my coins once this target is achieved. On the other hand, very few of the investors would take time period as a target. No one invests in cryptocurrency and makes a target to hold for a specific period, such as 5 years or 10 years. It simply doesn't make any sense.
True HODL is done on a safely stored cold wallet.
This makes the act of selling a laborious task preventing panic selling...
This makes the act of selling a laborious task preventing panic selling...
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