Topic: The power of HODLing BTC - page 3. (Read 1696 times)

I don’t think it’s a must to have a fixed amount of money that we will be using to invest in bitcoin, we don’t have to stress ourselves. The amount which I do use to invest in bitcoin depends on the things that I am supposed to take care of for that particular month, sometimes I do invest much, some times it’s always low, and whenever I have so many things to take care of, I don’t even invest in bitcoin that month.

Anyone planning to hold bitcoin for 6 months is not a long term holder, the person is a short-term holder, and if you are holding bitcoin for a long time, sometimes holding for 3-5 years might not really be enough. Last bull run, which was 2020/2021, bitcoin price hit $60k+, and I am sure lots of people bought at that price and they are still holding. After like 4 years, bitcoin is still trading within the range at which they bought, but people that bought when there was a bear market will already be in good profit.
 
So depending on the price that we buy, something’s after holding for like 5 years, it might still not be enough, but I will say holders are the ones making the real money.

The thing is that people who bought or had Bitcoin back in the day when it was worth only a few cents had nothing to lose when they held their Bitcoins for the long term. This is the reason why it was easier to hold back then. Compare the current conditions and the price with that time and you will realize.

Imagine you bought a few hundred Bitcoin by spending maybe $50 or something when it was priced in cents. You kept them in a wallet and you decided to keep holding them for the distant future. Now, if the price was to drop, you would only lose $50, and if it was to grow, you could potentially have thousands or millions of dollars.

Now compare that with current times. If you hold 1 Bitcoin, and you bought it all for maybe $30k or $40k, holding that for long term can be difficult for you as an investor if you are constantly keeping an eye on the market because when the price falls, you see your portfolio losing a lot of value which is the reason why many people panic sell. They don't understand that the price can recover, all they see is that they are losing money.

The profit that will be obtained in large amounts based on the amount of Bitcoin owned that is still intact because not a single bit of it has been sold can be a motivation to make long-term investments. It's not that there aren't any, but I think it's realistic that very few people who used to own Bitcoin know the potential price of Bitcoin in the future.
If for example there are people who still hold Bitcoin until now when it was bought at a price of $ 100, then they know about the price of Bitcoin in the future. Your logic, is that realistic? without ignoring the possibility that there are investors who have never sold Bitcoin.

This is what will make investing because the market will not be your problem, the more money you have the more interest you have for other businesses and their outcome should not be a problem because you will want to have the patience and you will not even care about your investment because have a lot of investment and been rich ia just supper cool. And they are financially free and all they will want to been doing is spending on their self that is lifestyle because rich people actually love luxury. And everyone actually loves luxury. And since they are investing heavily base on their status that way they will even be able to make huge profits also because of the amount invested. Because all this is mathematics and numbers.



They can only get rich when they have enough money invested in it because the amount matters a lot and that is what is going to determine what you will get in return, it is not as if you will not make money but it will be by the amount invested. And the early investor are lucky to have gotten enough profits because of how low  the price was then and they must have gotten quite some amount of bitcoin their are a lot of reputable members have quite amount of bitcoin just because they started early. And a lot of people quited because they have earned a lot of profits and when you are making profits then you just need to chill and get your self involved with other businesses. The once that quit must have their own reasons for leaving even if some might be death cases.

Bitcoin never promises to give you returns in the short term or long term, but you can calculate how much return from 1 bitcoin if you have invested it 2 years ago. Bitcoin's performance is much better than other investment assets such as gold, I mean the returns from investing in bitcoin are much greater than gold in the last 2 years.

Of course it doesn't take long to get proof, someone only needs to invest and get the proof themselves in the next 6 months to 1 year. Even though the current price is above $63k, the potential for future price increases is still very large and this can still be used to buy.

They perhaps are rich enough and don't actually need to sell their bitcoins to get a little bit more money. Because they are already financial free, they aim at bigger profit with their bitcoin and it forces them to hold for a long time.

If they are not already rich, they can sell part of their bitcoin to be rich and take similar action like people in the above example. Like some early members in bitcointalk, some of them continued to log in accounts in the forum, just watching but don't posting anything. Some after many years of doing like this, start to disappear, no longer active logins. We can not know reasons, maybe they are on the beach with coconuts, enjoy their lives or they already passed away, many reasons to leave the forum.

I HODL.

God will always be on your side.

PS. I get my beer. No selling today.

Edit. My grid takes care of the trading.. Rationalizing.

You could say those old investors who are holding onto their bitcoin are exceptional and hard to follow. Maybe it’s because they have a solid plan in place, especially during all the pumps and ATH; they weren’t tempted to sell. We don’t know their exact reasons, but from what I’ve seen, they feel secure and assured because they believe bitcoin’s price will continue to rise, despite the rumors of it dropping. It’s that trust that keeps them holding on, which is tough nowadays, especially for new investors who are often impatient.

Even though we don’t know how long bitcoin will stick around, I believe it will last for generations to come. That’s why some people encourage us to invest in and hold onto bitcoin—it’s a solid investment with a good chance of being around for a long time and becoming even more profitable.

For example, the country of El Salvador now and this is unique, until now it seems they are still buying and I just saw this in a thread that was greeted by @bbc.reporter the post link is https://bitcointalksearch.org/topic/--5501482

I think the leader has a straight forward view, now the story to us how much accumulation have we collected throughout the decline in the recent past?

Trump has been a wise man that knows how to pay his game. He is also a good politician and I like the way he does his thing. With Trump, I believe that future of cryptocurrency is going to be massive and more adopters will follow into the system. We could see more investors and support from the government making our long anticipated dream to come true with less taxes on Bitcoin transactions and holders. Those that had been holding Bitcoin for long, maybe over 7 to 10 years ago will never regret their decision because the profits so far could have exceed 1000X and still counting.  Bitcoin growth is still going to be massive and for now, there is not late comer because more bull trends is going to surface.

Confidence like this is not easy to build because after all it takes more effort and confidence when maintaining assets owned especially for those who are in the early adoption stage of bitcoin because after all what is difficult to do when investing in bitcoin is not buying and selling but holding. But with a very strong belief, something like this can still happen, it's just that of the many people only a handful of people survive.

But on the other hand, for those of us who are just understanding and new to bitcoin that does not mean we have to be discouraged because even though it is impossible for us to get bitcoin as the predecessors have bitcoin at a very cheap price even in dollars or cents but until now even though the price is quite difficult to buy a unit of bitcoin but still bitcoin is still worthy of being an investment asset and I personally don't feel I have to regret not being in bitcoin for the initial period but instead I am grateful to be in bitcoin for the current period because I am still given the opportunity and confidence to be here until now.

It doesn't take that far to make us believe that bitcoin will be very profitable because in the end the early investors who are still holding bitcoin today are another level in my opinion and that is clearly difficult for anyone to follow. But to find out that bitcoin is feasible or not does not actually need to be from the beginning because we now know that indeed bitcoin is still very feasible to invest in and is still the only investment that is most worth it and recommended when compared to altcoins.

I may not be a collection of those early adopters but I think we can see that the movement of bitcoin in the last few years alone has proven that indeed they are worthy of being used as investment assets and proof that bitcoin never dies even though a lot of negative news or people who expect bitcoin to not exist have been silenced by the development of bitcoin which is still in very good progress.

The truth is Bitcoin favours long term holders. Put 3-5years in mind not 6months.

Those who have known Bitcoin earlier, of course, they will understand very well that Bitcoin is very good to be used as an investment in the long term and to be able to survive in the long term, of course we must have a fixed income to be able to continue to accumulate Bitcoin assets and hold according to the target they want, but in the process of holding, of course we must use funds that we will not take in the near future in order to be able to make a profit from it because if you use funds that we cannot hold on to in the long term, it will be very difficult to be able to make a profit from it.
If you have believed that Bitcoin will continue to increase in the future, of course there are those who have held the asset well and will also make profits in the future, because it is very unlikely that someone will be able to maintain the asset well if they do not understand well how Bitcoin works.

And watching how the price of bitcoin is at of that particular time just shows how amazingly that bitcoin have grown and those that have been holding from that particular time till now are the lucky once because the price of bitcoin then was not even up to a dollar just imagine if i had but bitcoin by then i would have made a good amount of money by now i would even be part of the whales, but at of then i have no single idea about bitcoin and i was wondering what gave them that courage to actually trust bitcoin that much and some people would have even bought it out of curiosity and they would have made more than profit from investing then and still holding unto it and that is why i prefer holding because no matter how long it is time is just a number it keeps passing so fast that you wont even notice that time have gone this far, holding and having patience no matter how long it takes, your labor will definitely bring fruits.

when they say buy and hold people don't want to take it seriously not until when they had the chance of buying and they did not buy and they see the price going up that is when some of them will want to kick start their journey buying when the price is high and as if they can even buy and hold for a while if the market goes below what they bought they wont still mind they will want to still sell at that rate which i see those fellows as a business person without purpose, and i don't think any advice is enough for them, those that are ready will learn, their is a lot going on in the market but that should not be a discouragement, and we have and will continue to see that the market will keep recovering.

I do agree. I think they won't get rid of it in the future for sure, they already got their cards right and they wouldn't want to reshuffle them.
Understandable and logical.

Something that happened in the past always has regrets in the future. Even if I had known bitcoin at that time, maybe I wasn't strong enough to hold bitcoin for too long because at that time it wasn't like it is now, information was still limited and it was difficult to find out bitcoin in detail, unlike now where we can find out complete bitcoin information easily. ​

Because at the beginning of bitcoin's emergence, many considered bitcoin a scam and no one expected bitcoin to be like it is now. Of the many people who bought bitcoin at that time, only a few people were able to hold it until now, and they were really sure that bitcoin would be like it is now.

But now we live in an era of easy information and bitcoin has grown, so we must learn from the past. Because holding bitcoin is the most powerful weapon to achieve financial freedom. So start buying bitcoin now, don't regret it later for not holding bitcoin.

Investors or holders who held bitcoins in 2009/10 and have not sold bitcoins to date can easily understand the importance and power of holding by looking at their wallets. Those who held Bitcoin when it was worth a cent or less are now billionaires. According to experts, the price of Bitcoin will increase in the future. If someone is still holding Bitcoin, he will become a millionaire and billionaire in the future.

Most of those who bought bitcoin in 2010 did not expect it to be as big as it is today, and some old holders lost their recovery keys, died or had their bitcoin confiscated. If were to go back to the present, old bitcoin holders would have cashed out because the current value has brought it to a high level in financial terms. There are many bitcoin billionaires today because they managed to make unexpected decisions in the past that for them may have been worthless at the time.

Not all people have the capability to invest even if we say the btc was $5k before. Only those with good financial capabilities can buy btc at that rate without thinking about the price and of course, those who are strong believers of this market. Also, those people who have the patience to keep up with this market are the ones who can see the potential of their investments.