Trading has a risk and it is otherwise with investing. I bet there is no one who still hold their bitcoin since 2010 ago, they will sell their bitcoin when its price touched $1000, $10.000 or $20.000 because the profit that will get will certainty high.
You can't imagine when you buy bitcoin 2010 ago when its price just $1, by $100 you will have 100 bitcoin it means when bitcoin price touched $1000 you fund will be $100.000, so I don't believe you will still hold it.
As for trading, indeed it is quite risk especially now when many features coming up. Especially using leverage I guess for those who just guessing the market movement will lose their money for a second. So, it is depend on your knowledge to bitcoin, you will get money either from trading or investing if you can manage it.
Topic: The power of Bitcoin HODLing - page 5. (Read 1088 times)
Those who bought on July 2010 probably have sold their Btc when it was priced at $100, those who sold at $1,000 probably was considered as a strong hodler. And those who bought Btc five years ago probably has sold when It reached a $19,000+ ATH in 2017.
So, I guess a lot of em would be learning the lesson then?
Not hodling means you don't trust Bitcoin even If it has been constantly increasing every year.
That is probably true but the comparison is fair, bitcoin has been the best performing asset during the last decade and even if this is going to slowdown somewhat as the price keeps increasing there is not really any fundamental reason for the price of bitcoin to go down.So, I guess a lot of em would be learning the lesson then?
Not hodling means you don't trust Bitcoin even If it has been constantly increasing every year.
The economy is still in bad shape, governments are still trying to solve their credit problem with more credit, the pandemic is still going on and in Europe now we are seeing a third wave, so I think people should prepare themselves as we probably have not seen the best this market has to offer during this year.
The thing is, holding right now could be still decent, but people are expecting the same amount of return and that's the problem.
If you invested 1k into bitcoin 5 years ago, and had 140k today, that means 140x return, in today's prices that means if you invest today it will have to be over 8 million dollars per bitcoin to make the same kind of return. I get that some people like holding, I hold as well and I am not selling (I bought a lot earlier than this current price) but we should also communicate with people and make them realize that the amount of profit we have made can't be made here at all, that's not how finance works and that's not what you should have. We could end up with something more decent, 200k or 300k or even 500k, but not 8 million dollars. This is why I think we should hold, but hold with knowledge that we are no longer capable of making that kind of return.
If you invested 1k into bitcoin 5 years ago, and had 140k today, that means 140x return, in today's prices that means if you invest today it will have to be over 8 million dollars per bitcoin to make the same kind of return. I get that some people like holding, I hold as well and I am not selling (I bought a lot earlier than this current price) but we should also communicate with people and make them realize that the amount of profit we have made can't be made here at all, that's not how finance works and that's not what you should have. We could end up with something more decent, 200k or 300k or even 500k, but not 8 million dollars. This is why I think we should hold, but hold with knowledge that we are no longer capable of making that kind of return.
There is no point in crying for a missed opportunity, especially to go back to 2010 when few knew that Bitcoin even existed. I also don't believe that anything can be learned from all this with BTC, only if someone thinks that something new and better than Bitcoin will appear?
Recognizing the right financial opportunity is something few people have a nose for, because if it weren't so, there would be fewer poor people in the world than the rich - and we all know that's not the case. For all those who think BTC has a future, don’t be discouraged by the current price and invest as much as you can afford and you won’t be sorry even if you lose.
Lucky are those who have met bitcoin in their life on the early stage of bitcoin in the market and build their trust in crypto to invest in it and hodl their bitcoin till now because they are definitely gain their profit a 1000x than the amount they purchased bitcoin. But if there might be hodler that hodl their bitcoin from the start till now o bet that they are only few, and especially those who have the capability to adopt and those who are curious about the newest trend technology. Recognizing the right financial opportunity is something few people have a nose for, because if it weren't so, there would be fewer poor people in the world than the rich - and we all know that's not the case. For all those who think BTC has a future, don’t be discouraged by the current price and invest as much as you can afford and you won’t be sorry even if you lose.
There is no point in crying for a missed opportunity, especially to go back to 2010 when few knew that Bitcoin even existed. I also don't believe that anything can be learned from all this with BTC, only if someone thinks that something new and better than Bitcoin will appear?
Recognizing the right financial opportunity is something few people have a nose for, because if it weren't so, there would be fewer poor people in the world than the rich - and we all know that's not the case. For all those who think BTC has a future, don’t be discouraged by the current price and invest as much as you can afford and you won’t be sorry even if you lose.
Recognizing the right financial opportunity is something few people have a nose for, because if it weren't so, there would be fewer poor people in the world than the rich - and we all know that's not the case. For all those who think BTC has a future, don’t be discouraged by the current price and invest as much as you can afford and you won’t be sorry even if you lose.
Those who bought on July 2010 probably have sold their Btc when it was priced at $100, those who sold at $1,000 probably was considered as a strong hodler. And those who bought Btc five years ago probably has sold when It reached a $19,000+ ATH in 2017.
So, I guess a lot of em would be learning the lesson then?
Not hodling means you don't trust Bitcoin even If it has been constantly increasing every year.
So, I guess a lot of em would be learning the lesson then?
Not hodling means you don't trust Bitcoin even If it has been constantly increasing every year.
You could be right yes because hardly you would see a hodler since 2010 investing and hodling same till this time. But is a big lesson for we all . It is still showing that bitcoin is still growing , investing now may still be early time.
The one thing that can change is that investors now won't be in a hurry to sell with the chronology of price history.
I am very much aware and a believer of the power of hodling. I am also hodling myself. But there are times when I cannot avoid trying to take the opportunity of trading. I am not really good in trading but there are times when the prices are so high that I think it is best to just sell and wait for the correction and buy back cheaper. During ATHs I am really attracted to sell a portion because sooner or later there will be a correction.
Imagine, $1 invested in Bitcoin in July 2010 is worth $800,000 today.
Look at the value of $1,000 invested in bitcoin five years ago
I have to admit that bitcoin is the most valuable asset to invest in. Mostly because it is a new invention which is believed to change the world in a significant range. And it does make a big change on the digital world and people can see bitcoin from all over media and newsNot HODLing can be hazardous!
Trading is hard. But if you tame it, you will be rich with any kind of asset you can find. Opportunity can exist one time in your life. But you can earn new knowledge circadianA lesson for a lifetime. I learned my lessons, how about you? are you?
Can you be more specific about your lifetime lesson? I personally think that being patient is the key of success. But how can we anticipate a correct asset to invest?
In those early days, we really don't know that bitcoin will go like this. In 10 years, from $1.00 to $60k, that is really huge. But I'm sure those early bag holdes have sold already because they didn't see that bitcoin will grow tremendously. The lesson though is that it is not too late, we can still buy today and hold till the next 3 halving and hopefully by that time the price is already in the 6 digits or more, still a good investment.
yeah I understand. At the end it relies on your own decision as there is nothing for granted here. we are hanging around $56k mark and we don't be surprised if we hit $100K in next couple of months. There is no doubt of the future of BTC, just see the chart how far we have come. HODL!
100k is still a lot of number and saying that we will reach it in a next couple of months is not yet feasible in that scale but I do believe that this year it will reach the 6 digit price in USD but I think that it will be around the ending months of this year, in the meantime just hodl your bitcoin or invest some of it in a bankroll if you can because you can't just make a stagnant bitcoin, make it earn some interest. 
Those who bought on July 2010 probably have sold their Btc when it was priced at $100, those who sold at $1,000 probably was considered as a strong hodler. And those who bought Btc five years ago probably has sold when It reached a $19,000+ ATH in 2017.
So, I guess a lot of em would be learning the lesson then?
Not hodling means you don't trust Bitcoin even If it has been constantly increasing every year.
So, I guess a lot of em would be learning the lesson then?
Not hodling means you don't trust Bitcoin even If it has been constantly increasing every year.
I hope some of them kept a percentege even if they sold when price rose. If you sell just a percentage of your Bitcoin holdings when price goes up, you can enjoy profits while remaining invested, like selling 25% when price reached $100, another 25% when it reached $1,000 and so on.
I would add that the power of hodling is also nothing without the power of using. If you read the forum goods and services and see how people use BTC to pay and sell things,,, then you realize very much just how it is so important to have people actually using Bitcoin to give it value.
If everyone only hedl then who is using it and giving it value?
If everyone only hedl then who is using it and giving it value?
I see that trading is a lot more bumpy road than investing but investing is the one that gives more profit in the long run in crypto space.
It just seems that trading in crypto is not really worth it since the profit gained could posibly far behind hodling and just letting our coin sitting in our wallet. I was losing a lot in trading in the past and man I was hoping i would've never touched my crypto instead.
now i'm trying to accumulate my crypto asset again.
It just seems that trading in crypto is not really worth it since the profit gained could posibly far behind hodling and just letting our coin sitting in our wallet. I was losing a lot in trading in the past and man I was hoping i would've never touched my crypto instead.
now i'm trying to accumulate my crypto asset again.
It has so much value now. Though it was late for me to know bitcoin, 3 years ago I have met this great cryptocurrency and never had a doubt to invest and buy. Then Ive learned about holding. There's another option of trading but I preferred holding few parts of bitcoin.
And today, proudly say I never regret holding it until now. Bought bitcoin at $5k and still hodling giving trust to it's potentials.
And today, proudly say I never regret holding it until now. Bought bitcoin at $5k and still hodling giving trust to it's potentials.
Imagine, $1 invested in Bitcoin in July 2010 is worth $800,000 today.
A lesson for a lifetime. I learned my lessons, how about you? are you?
But we do not know what will happen in the future, and at that time, people underestimate something that looks fun and not interests in cryptocurrency.
Besides that, cryptocurrency was introduced to a small group of people and we know that in that year, the media promotion is not as big as today, so that did not help the cryptocurrency.
Even if people have many bitcoins, maybe a few people can still hold their bitcoin until now and they are making a lot of money.
I am sure we have learned the lessons.
Life is full of "IF ONLY". Regrets are always there.
That's how motivation works, people can say it works when they have succeeded or tell some experiences of successful people.I don't like hodling but that doesn't mean I'm unsure. The market situation has its own challenges in every moment of fluctuation. I trade every day to accumulate quantity and spend part of it. What I think is, I don't worry too much if my investment choice is wrong in the end because I have always enjoyed every portion of the profits on the weekend every week or month. And yes, I have enjoyed my happy time for a long time before the hodlers reaches his happiness
Yep, we know it but Holding isn't easy as you think. There are many challenges for holders. Not only about up-down the price on the market, but also there are many negative issues happening. Moreover, if there is a ban issue coming from big countries like USA, China, or Russia. A weak holder is often influenced by this strong negative issue. So, don't only view the power to take potential big profits from hodling, but consider the challenges as well. Traders don't experience it as holders did!
Not only the power of holding bitcoin but off all coins. Like most people say holder always win, and I also feel the same, I just can feel big profits if I hold my asset, if I just trade it will end with regret, If I'm profits from trade, I will happy for a week or a month but a few months later will regret it
So hold all your assets
So hold all your assets
Be careful in doing this as a lot of alts are not really worth holding. Only few of them are worth keeping. If you will hold all coins that you are collecting, I bet, you will regret it later. Bitcoin is an exception though. So need to take a very good assessment when it comes to alts. A lot of them will die in few months or years upon introduction to the market. Look at those eth tokens that were long gone. If you are an early adopter of these eth tokens, you will understand. Most of them were dead already and just clutter in your wallet.
Not only the power of holding bitcoin but off all coins. Like most people say holder always win, and I also feel the same, I just can feel big profits if I hold my asset, if I just trade it will end with regret, If I'm profits from trade, I will happy for a week or a month but a few months later will regret it
So hold all your assets
So hold all your assets
A lesson for a lifetime. I learned my lessons, how about you? are you?
Yeah, holding might be the simplest thing to be done since you wont really be doing anything but you know that people are way different to each other which means not all would really be having the patience.
There are people who had bought on that 2010 but do sell out their holdings when bitcoin hits up ATH in further years and didnt able to hold up until this very moment.Well, thats unfortunate but
still not a bad move that had been done because as long you do make money or profit then that counts.Its just that really not similar or big differences between numbers and that
would really talk about humans no contentment. hehe
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