It is true that bitcoin has a great potential in it. It has the ability to change your circumstances. It can Change the entire structure of your life. And it has happened in the past. People who have hold the Bitcoin in the past , Today they are millionaire and their style of living and life has been changed. They are doing good business today in crypto market.
Altcoin are the sub coin or children of bitcoin.some people purchase them for business purpose, stalk them and sell them as their price rise and touch the peak .These people also earn well through stalking. So their are different ways of earning and the person who is in this business know all these techniques.
Topic: The power of HODLing BTC (Read 1688 times)
Every speculation has 50% chance of being actualized, and likewise 50% chance to not, which is why we shouldn't doubt if any speculation is made, most especially about digital currencies like Bitcoin, because the same way people in 2010 would never have believed Bitcoin will rise to $1000 per Bitcoin, and when it crossed, so where people also doubting Bitcoin wouldn't crossed $10,000, and it did, likewise Bitcoin at $50,000 and above. Hence, there is a high possibility of people crossing $200,000 bench mark in next 15yrs.
And that's what the part wherein we should be long term holders isn't it? As Bitcoin's past history tells us that it has a high chance to increased and see the price at least at this bull run to be around $100k in 2025 and probably this is what the OP meant about the power of HODLing. Although I believed that there could only be few individuals who has that mental power to hold for a long time and not sell every cycle. I'm talking about every 4 year cycle
That's right. Holding crypto is easy to say but when it comes to doing it is very difficult because there will be a lot of emotional pressure, fear and many other things that will continue to be on our minds, especially if we monitor the price all the time, of course it will affect our psychology in investing.
Actually hodl will look easy when we only theorize but it will be much more difficult when we practice it because sometimes there are always some things that make us indecisive from the situations we receive such as the desire to sell when it is profitable or panic when the market goes down.
Things like this can happen but when we are confident and make it our process in investing then I think it will still go well.
The best way to overcome this anxiety is to have a plan. For instance, a person who wants to invest in bitcoin as a retirement plan will definitely be willing to invest for years without that urge to withdraw and start spending the money. The plan could be to invest for 2, 3, 4 years and above as the case may be because there is a goal to achieve. The investment decisions will never be thesame with someone without any set plan who just wants to to hodl till the value appreciates a bit and they withdraw immediately. You see this kind of people constantly checking the price of bitcoin because they don't want to be taken unawares.
Whether a person intends to invest for short term or long-term, a good investment plan should be able to help them remain focused on the goal or target they intend to reach. It is only an unserious investor that will invest without a plan and regret when others are making it big.
Yeah, if you have a set plan and you just follow it, then you do not have to worry about what's going on, you just need to do what you are willing to do and if you can make that work then there won't be a reason to be worried about it. I understand that people may sometimes feel like it's something bigger but in reality it is not that big and we can just keep on holding with a plan, with a goal.Whether a person intends to invest for short term or long-term, a good investment plan should be able to help them remain focused on the goal or target they intend to reach. It is only an unserious investor that will invest without a plan and regret when others are making it big.
If we can do that then when the market moves, up or down, then we won't care about it because we would be focused on our situation and nothing more, if we can make that work then I am going to see this changing all the way differently and that is why I believe that we are going to see this growing to be something much bigger in the end. I feel like we are going to see this changing that would make it better, hence we should be considering how this could be some different thing then what we are seeing right now and we could totally make some money from it.
Every speculation has 50% chance of being actualized, and likewise 50% chance to not, which is why we shouldn't doubt if any speculation is made, most especially about digital currencies like Bitcoin, because the same way people in 2010 would never have believed Bitcoin will rise to $1000 per Bitcoin, and when it crossed, so where people also doubting Bitcoin wouldn't crossed $10,000, and it did, likewise Bitcoin at $50,000 and above. Hence, there is a high possibility of people crossing $200,000 bench mark in next 15yrs.
And that's what the part wherein we should be long term holders isn't it? As Bitcoin's past history tells us that it has a high chance to increased and see the price at least at this bull run to be around $100k in 2025 and probably this is what the OP meant about the power of HODLing. Although I believed that there could only be few individuals who has that mental power to hold for a long time and not sell every cycle. I'm talking about every 4 year cycleA Bitcoin investor never loses in the long run. Even some investors who are exposed to short-term losses due to volatility or for the bearish markets can still benefit if they hold Bitcoin for the long term. There are many investors who think that the current price of Bitcoin is too high for them to buy. Because as time has passed since the discovery of Bitcoin, the value of Bitcoin has also increased. If we look closely at the price of Bitcoin from 2009 to 2024, we will see that those who hold Bitcoin do not lose. This trend will continue in future. There are many who will not be able to avail this opportunity.
The fact is that as long as we hold firm in terms of stance when in bitcoin, those who invest for the long term will never be harmed when the way they do everything is in accordance with the concept that was held from the beginning.Many of us fail when in bitcoin because they are too busy and focus on the price of value which in the end panic always occurs when bitcoin is in correction or decline due to several reasons. Whereas when we stick to the initial belief that we are doing this for the long term there is actually nothing to worry about from the decline that occurs because it is normal. It's just that when our focus is diverted to the price that is precisely what makes us less sure about what we are doing and considers that the scheme that is done is a mistake that makes you sell when the conditions are not favourable to do .
It is not as if holding Bitcoin is your sure way through heavens gate, or am I wrong? Everyone holds bitcoin for their own reasons, they don't have to hold for 10years, some even can't hold than two years Max, once they see high price they will sell, should I scold such people? No I guess, because everyone deserves to be happy with or without Bitcoin.
This person that OP is using as an example must have a better life already, if you are holding something that you know its worth for years to come and life is showing you what life is all about you won't see any reasons not to allow your BTC to come to the rescue.
My main point here on is we should all remember to breathe and live, not all Bitcoin whales are even alive today to enjoy their bag of Gold, if Bitcoin can come to your rescue while you are still alive its better to use it, one minute you are here and the next you are no more, having a better life is why we choose to strive using Bitcoin, don't let it be more than this.
This person that OP is using as an example must have a better life already, if you are holding something that you know its worth for years to come and life is showing you what life is all about you won't see any reasons not to allow your BTC to come to the rescue.
My main point here on is we should all remember to breathe and live, not all Bitcoin whales are even alive today to enjoy their bag of Gold, if Bitcoin can come to your rescue while you are still alive its better to use it, one minute you are here and the next you are no more, having a better life is why we choose to strive using Bitcoin, don't let it be more than this.
The only time Bitcoin could go to $200K-$500K is if the USD crashes. But, if the USD crashes, so much other stuff will go down at the same time... the electrical grid or the Internet will probably go down, too. Nobody will be able to use their hodled Bitcoin.
If it happens like that, of course sir, where the feeling of storing USDT is no longer attractive and does not benefit them and it is the nature of their profit seekers to immediately move and put all their assets into the BTC instrument regardless of time and situation. However, related to the electricity network or the internet will also be down at the same time, it is beyond my expectations.
Yeah, I don't think it will happen during our lifetime, so, it's a speculation to be considered, but not in the upcoming cycles.
Of course, that's my opinion. And we should accumulate BTC regardless of what was described.
The only time Bitcoin could go to $200K-$500K is if the USD crashes. But, if the USD crashes, so much other stuff will go down at the same time... the electrical grid or the Internet will probably go down, too. Nobody will be able to use their hodled Bitcoin.
If it happens like that, of course sir, where the feeling of storing USDT is no longer attractive and does not benefit them and it is the nature of their profit seekers to immediately move and put all their assets into the BTC instrument regardless of time and situation. However, related to the electricity network or the internet will also be down at the same time, it is beyond my expectations.
Yeah, I don't think it will happen during our lifetime, so, it's a speculation to be considered, but not in the upcoming cycles.
Of course, that's my opinion. And we should accumulate BTC regardless of what was described.
That's right. Holding crypto is easy to say but when it comes to doing it is very difficult because there will be a lot of emotional pressure, fear and many other things that will continue to be on our minds, especially if we monitor the price all the time, of course it will affect our psychology in investing.
Therefore, before holding, we must first do research first so that it will be safer for us to invest because we know what the future of bitcoin is like. Bitcoin is an asset for the long term, and holding bitcoin is the right strategy to achieve success.
There are so many examples of the power of holding bitcoin that have succeeded and been financially successful, such as the example given by OP. So it's no wonder that if we already know what kind of Holding power we will be calmer when investing and usually we will also be more relaxed and don't need to check the asset price many times or every day because we believe in Bitcoin assets. In essence, this strategy will keep us calm and anti-anxiety even though the price is falling because we have confidence in our goals.
I dont know what you meant by doing it in this context. But people indeed get pressured for various reasons in the crypto world. Especially with Bitcoin and one main reason is because of the fluctuations in the price. Meanwhile, that shouldn't be the reason why they should tamper with their investment or get pressured to sell them off without reaching their target. Therefore, before holding, we must first do research first so that it will be safer for us to invest because we know what the future of bitcoin is like. Bitcoin is an asset for the long term, and holding bitcoin is the right strategy to achieve success.
There are so many examples of the power of holding bitcoin that have succeeded and been financially successful, such as the example given by OP. So it's no wonder that if we already know what kind of Holding power we will be calmer when investing and usually we will also be more relaxed and don't need to check the asset price many times or every day because we believe in Bitcoin assets. In essence, this strategy will keep us calm and anti-anxiety even though the price is falling because we have confidence in our goals.
The longer we hold our Bitcoin the higher we expect the result of it. Now, let's understand that if we hold a small portion of Bitcoin we shouldn't be expecting much in return even in the next 10 years because by then purchasing power would increase. What we can do now is to continue buying more if we have not reached a good amount in our portfolio. There are better opportunities now to buy and if we keep buying we will end up great.
A Bitcoin investor never loses in the long run. Even some investors who are exposed to short-term losses due to volatility or for the bearish markets can still benefit if they hold Bitcoin for the long term. There are many investors who think that the current price of Bitcoin is too high for them to buy. Because as time has passed since the discovery of Bitcoin, the value of Bitcoin has also increased. If we look closely at the price of Bitcoin from 2009 to 2024, we will see that those who hold Bitcoin do not lose. This trend will continue in future. There are many who will not be able to avail this opportunity.
If we look at the entire Bitcoin chart from 2009 to 2024, we can definitely say that Bitcoin holders are not harmed.
https://www.forbesindia.com/article/explainers/bitcoin-price-history/92523/1
If we look at the entire Bitcoin chart from 2009 to 2024, we can definitely say that Bitcoin holders are not harmed.
https://www.forbesindia.com/article/explainers/bitcoin-price-history/92523/1
HODLING any kind of cryptocurrency for a long period of time is easier said than done and I am speaking from experience especially if you are checking out the prices on a regular basis through various channels.
Some investors got really lucky and scored big thanks to forgetting about their stash completely and remembering at the perfect time. This is the easiest way to HODL for years.
That's right. Holding crypto is easy to say but when it comes to doing it is very difficult because there will be a lot of emotional pressure, fear and many other things that will continue to be on our minds, especially if we monitor the price all the time, of course it will affect our psychology in investing.Some investors got really lucky and scored big thanks to forgetting about their stash completely and remembering at the perfect time. This is the easiest way to HODL for years.
Therefore, before holding, we must first do research first so that it will be safer for us to invest because we know what the future of bitcoin is like. Bitcoin is an asset for the long term, and holding bitcoin is the right strategy to achieve success.
There are so many examples of the power of holding bitcoin that have succeeded and been financially successful, such as the example given by OP. So it's no wonder that if we already know what kind of Holding power we will be calmer when investing and usually we will also be more relaxed and don't need to check the asset price many times or every day because we believe in Bitcoin assets. In essence, this strategy will keep us calm and anti-anxiety even though the price is falling because we have confidence in our goals.
Whether a person intends to invest for short term or long-term, a good investment plan should be able to help them remain focused on the goal or target they intend to reach. It is only an unserious investor that will invest without a plan and regret when others are making it big.
HODLING any kind of cryptocurrency for a long period of time is easier said than done and I am speaking from experience especially if you are checking out the prices on a regular basis through various channels.
Some investors got really lucky and scored big thanks to forgetting about their stash completely and remembering at the perfect time. This is the easiest way to HODL for years.
That's right. Holding crypto is easy to say but when it comes to doing it is very difficult because there will be a lot of emotional pressure, fear and many other things that will continue to be on our minds, especially if we monitor the price all the time, of course it will affect our psychology in investing.Some investors got really lucky and scored big thanks to forgetting about their stash completely and remembering at the perfect time. This is the easiest way to HODL for years.
Therefore, before holding, we must first do research first so that it will be safer for us to invest because we know what the future of bitcoin is like. Bitcoin is an asset for the long term, and holding bitcoin is the right strategy to achieve success.
There are so many examples of the power of holding bitcoin that have succeeded and been financially successful, such as the example given by OP. So it's no wonder that if we already know what kind of Holding power we will be calmer when investing and usually we will also be more relaxed and don't need to check the asset price many times or every day because we believe in Bitcoin assets. In essence, this strategy will keep us calm and anti-anxiety even though the price is falling because we have confidence in our goals.
HODLING any kind of cryptocurrency for a long period of time is easier said than done and I am speaking from experience especially if you are checking out the prices on a regular basis through various channels.
Some investors got really lucky and scored big thanks to forgetting about their stash completely and remembering at the perfect time. This is the easiest way to HODL for years.
That's right. Holding crypto is easy to say but when it comes to doing it is very difficult because there will be a lot of emotional pressure, fear and many other things that will continue to be on our minds, especially if we monitor the price all the time, of course it will affect our psychology in investing.Some investors got really lucky and scored big thanks to forgetting about their stash completely and remembering at the perfect time. This is the easiest way to HODL for years.
Therefore, before holding, we must first do research first so that it will be safer for us to invest because we know what the future of bitcoin is like. Bitcoin is an asset for the long term, and holding bitcoin is the right strategy to achieve success.
There are so many examples of the power of holding bitcoin that have succeeded and been financially successful, such as the example given by OP. So it's no wonder that if we already know what kind of Holding power we will be calmer when investing and usually we will also be more relaxed and don't need to check the asset price many times or every day because we believe in Bitcoin assets. In essence, this strategy will keep us calm and anti-anxiety even though the price is falling because we have confidence in our goals.
The only time Bitcoin could go to $200K-$500K is if the USD crashes. But, if the USD crashes, so much other stuff will go down at the same time... the electrical grid or the Internet will probably go down, too. Nobody will be able to use their hodled Bitcoin.
If it happens like that, of course sir, where the feeling of storing USDT is no longer attractive and does not benefit them and it is the nature of their profit seekers to immediately move and put all their assets into the BTC instrument regardless of time and situation. However, related to the electricity network or the internet will also be down at the same time, it is beyond my expectations.
Yeah, I don't think it will happen during our lifetime, so, it's a speculation to be considered, but not in the upcoming cycles.
Of course, that's my opinion. And we should accumulate BTC regardless of what was described.
I think all of us knows about the power of holding btc, if we look at the past price of btc we can wonder how big the profit of the investor's who buy BTC on it was first traded on the market until now, it cannot be explained if we can all know that bitcoin will reach this far then we hold and we are now millionaires.
Personally, I believe in holding because good things unfold ahead for those who can hold long term. I have always seen it and so have you. There are times when the price of BTC was so small that it is now cringe-worthy. If I could have bought and held some amount of BTC at that time, where would the position be at this time?It is understood that holding things is a good process that will bring us something good. I'm always with holdings who will hold long term if they know how to grab something good and it will pay good amount of profit later on.
If you have strongly believed that holding Bitcoin will get good profits in the future, of course you have accumulated a large amount of Bitcoin and should when you see the price of Bitcoin falling, it will be better for you to prepare funds that you can indeed maintain in the long term to be able to generate profits and do not need to be ashamed of low prices, If you can take advantage of this moment, it will certainly be very profitable when the price increases again.
You need a fixed income and also have an emergency fund to be able to hold your assets well, because without having funds for emergency needs it will be very impossible to be able to maintain assets in the long term, of course when there is a need you have to take your assets in any circumstances and if it is profitable, of course it will be very good, but when you need these funds and the price is below you buy it, of course this will be detrimental to you.
The only time Bitcoin could go to $200K-$500K is if the USD crashes. But, if the USD crashes, so much other stuff will go down at the same time... the electrical grid or the Internet will probably go down, too. Nobody will be able to use their hodled Bitcoin.
If it happens like that, of course sir, where the feeling of storing USDT is no longer attractive and does not benefit them and it is the nature of their profit seekers to immediately move and put all their assets into the BTC instrument regardless of time and situation. However, related to the electricity network or the internet will also be down at the same time, it is beyond my expectations.
well, that's a good thing for the person who has managed to hold it for that long. However, holding bitcoin now, compared to 14 years ago is a different story. Until now, many people have realized that holding bitcoin can make a big profit, but seeing the current price, people are worried about holding it in the long term. unless the person really intends to do so. However, the best advice is if someone really intends to hold it in the long term is to buy bitcoin in small amounts, little by little continuously is the best thing. although this does take time, the chances of success are quite high. I have done this method on ethereum, and it is quite successful.
Yes you are right Holding Bitcoin for 14 years is impressive but times have changed making long term holding uncertain due to market volatility. Past profits do not guarantee future success and conviction is required. By the way dollar cost averaging means buying small amounts regularly minimizes risk and increases chances of success. Setting clear long term goals and avoiding emotional decisions are most important. Just like you I have personally found success with this strategy on Ethereum as it may take time but is a safer strategy in the unpredictable cryptocurrency market. 
well, that's a good thing for the person who has managed to hold it for that long. However, holding bitcoin now, compared to 14 years ago is a different story. Until now, many people have realized that holding bitcoin can make a big profit, but seeing the current price, people are worried about holding it in the long term. unless the person really intends to do so. However, the best advice is if someone really intends to hold it in the long term is to buy bitcoin in small amounts, little by little continuously is the best thing. although this does take time, the chances of success are quite high. I have done this method on ethereum, and it is quite successful.
The only time Bitcoin could go to $200K-$500K is if the USD crashes. But, if the USD crashes, so much other stuff will go down at the same time... the electrical grid or the Internet will probably go down, too. Nobody will be able to use their hodled Bitcoin.
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