Topic: The power of HODLing BTC - page 3. (Read 595 times)
As someone who is actually new to the crypto industry, especially as a bitcoin hodler, I feel honored to be able to see an example of the results of patience as a true hodler who ultimately achieved true profits from the results of his patience in holding bitcoin for 14 years. Now I'm starting to ask myself if I will be able to hold onto the bitcoins I own for the next 14 years. I might have to try to do it. And seeing this actually gave me a new enthusiasm to keep accumulating. Hope everyone is motivated to see this.
hodll with this https://photon-sol.tinyastro.io/@Poloiceking
It's not the first time I've seen a longterm holding address, nor is it the largest. It really takes a lot of courage to hold onto Bitcoin for a long time, and for those who've been around since the beginning, they're the true Bitcoin believers. Many people feel tempted to sell their Bitcoins when the price suddenly drops. That's why it's important for longterm holders to check the market less often. This helps prevent fear and the panic that often leads investors to sell in the short term.
The problem with people investing bitcoin is the mindset of getting quick profit and not understanding the volatility of the market. If people have mindset of making profit in bitcoin fast it will be difficult for them hodl bitcoin because their interest is just to make profit quick, and with this mindset of making profit so quick volatility will be a big threat to investors like this because when the price of bitcoin drops they would think they are losing all they have invested because their target and expectations have always to earn profit. Investors needs to understand the volatility in bitcoin very well not to panic when a dip occurs, when the market goes down it doesn't mean it is a lose. It can only be a lose when one sells out of fear of lose, the dip is just for a moment which will not remain forever. We need to learn how to make good decisions in hodling.
I think there's probably a reason why they say patience is virtue and it's something most humans don't have and in the case of Bitcoin journey, it's something that everyone needs to actually achieve that financial boost goal in the HODLing of our Bitcoin.
Really, really believe in the power of holding Bitcoin. Yes, although I can't get that much from holding for years, because I've only been doing it for a few years. However, up to now, the results have started to become very clear. Very cool. Moreover, when I bought Bitcoin in the initial bearish period, which was still under $18k, I can only imagine how long it had been this high. Pretty convincing, oops, very convincing. Indeed, this is Bitcoin holding power, you don't need to think hard or be complicated because you have to think about various market codes, the important thing is to continue holding until we reach a certain target.Note:: remember to keep your coins safe too that's base on the preference of a non-custodial wallet or cold wallet if you are HODLing for long term
This part is also very crucial. Security in investing, especially holding Bitcoin for a long time, is very important. Because after all, asset security is very important to keep our assets safe and not lost in various conditions. So, look after our assets very well and carefully. 
You cant imagine if some invested bitcoin the last time it went down to $16,000 and hold till 2030, how huge his financial wealth could have turned to, this is how bitcoin could be that profitable because it has the ability of making an increasing value with time and the market will always pump regardless of the economy situation, inflation and other government policies and economical activities couldn't affect the use and adoption of bitcoin because everyone investing is having the future profitability in it and that is why they could mange to invest and hodl knowing it will be the best thing for them than when they chose fiat.
Chosing to save your money in fiat is the worse thing you could possibly do except you are the type of investor that isn't planning to keep that investment for long because I believe that same amount you kept over the years will lose all it's purchasing power due to inflation and other factors that the fiat could undergo.Taking the bold step to hoard Bitcoin with the understanding now that the Bitcoin could earn you or make you filthy rich in the future is probably the major reason most people are craving to get their hands on Bitcoin but the ignorant and less ambitious one will still fall short at this, some will even go as far discouraging you.
Here is the link from 0.20$ to $70k
HODLing of Bitcoin is probably the most talk and deliberated matter on the crypto space and even here in the community. And it's funny how many people have turned a blind eye to this and some persons are feeling that Bitcoin price today is too big to buy well the thing is that everytime is a good time to buy, that's if you are a long term holder and I for one, am shocked at seeing how Bitcoin has been held for almost 14 years now although I know they are still some folks still HODLing and even planning to keep for longer terms maybe when Bitcoin reaches $200k to $500k before they actually sell off.
I think there's probably a reason why they say patience is virtue and it's something most humans don't have and in the case of Bitcoin journey, it's something that everyone needs to actually achieve that financial boost goal in the HODLing of our Bitcoin.
So I bring this for some folks to actually share atleast boost our spirits in the HODL journey especially those newbie to the space, that if someone out there is still HODLing why not HODL?.
Note:: remember to keep your coins safe too that's base on the preference of a non-custodial wallet or cold wallet if you are HODLing for long term
HODLing has been one of the best ways of investing in bitcoin, because it gives you value for your patience and that alone, is what most investors are looking for. This guy's ability to hold for 14 years will certainly encourage new investors that are future oriented not to buy and sell in a hurry whenever it gets to a new ATH.
I think there's probably a reason why they say patience is virtue and it's something most humans don't have and in the case of Bitcoin journey, it's something that everyone needs to actually achieve that financial boost goal in the HODLing of our Bitcoin.
So I bring this for some folks to actually share atleast boost our spirits in the HODL journey especially those newbie to the space, that if someone out there is still HODLing why not HODL?.
So I bring this for some folks to actually share atleast boost our spirits in the HODL journey especially those newbie to the space, that if someone out there is still HODLing why not HODL?.
Holding requires patience and calm for anyone who does it because this asset is volatile so calm is needed because the market can go sideways.
The purpose of holding is to get maximum profits from the investment undertaken, but it depends on a person's mental readiness. Even though we can now understand that bitcoin always gives rise to repeating cycles, not everyone can understand its journey.
When we decide to hold, the step we need to think about is how to collect because holding is long and it is certain that the profits we get will take time.
If someone is only ready to hold and does not have a strategy for collecting then the assets we have will not increase and it would be a very disadvantaged if Bitcoin reaches ATH, we will lose the opportunity to make big profits from it.
If you have other time to deal with besides watching the market all day holding is one of the best ideal things to do, you just need to put your asset, to the lowest price, wait to get to the all-time high, and make an quick flip once you are satisfied with your earnings. Bitcoin showed its potential for this kind of strategy so why not take a ride of it? That record seems old because of the large amount transacted with the BTC and if that is currently true the market goes pump immediately. If you are keeping an eye on the market, DCA is the most suitable strategy and wait for the halving to come.
So I bring this for some folks to actually share atleast boost our spirits in the HODL journey especially those newbie to the space, that if someone out there is still HODLing why not HODL?.
A more dedicated hodler can benefit more from bitcoins than an inconsistent trader or even a miner. The challenge to keeping your Bitcoin is avoiding temptation to want to use them and always this temptation are not always things that are not important, they may also be things that are important. To this legendary hodler who has set a good example, I am certain that he was also tempted to tamper with their bitcoins at some point while they were hodling. This hodler is a living example of discipline.
I was also thinking that coins which the hodler has lost the seed phrase plus the password has lost to the ocean of the Blockchain. And really the owner of this coins is the last billionaire in his country. I have also seen someone in Instagram hodling a vet big or large number of bitcoin in his custody. And those early investors who were patient to the core and not the once that small fluctuation, they would begin panic and sell off the coin. I really like those who are patient and understand the market to hodle their coins to this level. I always tell people that come to me to enquire the knowledge of bitcoin that if they understand the market, they won't be afraid of the volatile nature of bitcoin and all what they need to do is patient. But as a routine investor, you have to monitor the market so that they can buy at the cheap time and top it to their portfolio.
And holding bitcoin for a long time most follow some principles of investment. The investor must have job, or other business so that the investment will not be tempered.
And holding bitcoin for a long time most follow some principles of investment. The investor must have job, or other business so that the investment will not be tempered.
Hodling for more than a decade has several requirements. First, a person must take that investment seriously throughout the years, which means storing it safely and knowing where it's stored (to avoid accidentally locking oneself out). Second, a person must be very patient. Over the years, various prices seemed really big. Not selling for several hundred, several thousand, and even for dozens of thousands isn't easy. Finally, a person should either have enough savings elsewhere for emergencies or have a very calm 10+ years, without ever needing to sell.
Overall, I think people should do what feels right to them. It's great to hodl long-term, but there's no need to worry if it doesn't work out, and you need to sell some of it.
Overall, I think people should do what feels right to them. It's great to hodl long-term, but there's no need to worry if it doesn't work out, and you need to sell some of it.
I like to think that the person behind this wallet is someone that knows bitcoin intimately and has some knowledge in tech and finance and they've come to a conclusion that it's a worthy investment that they've considered investing and hodling or better yet, they could've invested to it for the fun of it and just hold on to it, initially thinking that it's nothing and then it grew in price and they just kept on buying until they got to this point. Definitely a testament to the power of hodling, not just with bitcoin but also the hodling itself since you can probably do it with other crypto out there.
You are right, they are not only very familiar and knowledgeable about Bitcoin which makes them strong HODLing because they have a strong belief in Bitcoin. And without strong conviction and patience, they will sell when Bitcoin price reaches its new ATH several times.And because of their strong belief and patience, they feel dissatisfied because they firmly believe that in the future or long term the price of Bitcoin will be much higher which will give them much bigger profits. Until they are satisfied with the price they want to sell, because Bitcoin's footsteps make them think that Bitcoin will continue to grow so that it will increase the price.
It seems like those who are HODLing because of strong hands, they are always smiling and sitting back watching the growth that makes Bitcoin prices continue to rise, and they must feel very comfortable and also not worried about their current and future circumstances.
Woah. That is indeed crazy. Such a huge respect to whoever that person
for having the patience and trust in bitcoin. They have gained so much profits.
Makes me kind of jealous I was not yet aware of bitcoin at 2010 but hey, at least
now I am holding it and I intend to hold it for dear life
We are really jealous when we think about the history of Bitcoin. Because the initial value of Bitcoin has now increased several thousand times. those who invested in Bitcoin at that time have now made hundreds of thousands of times their profits, but it is doubtful who could have held for such a long time because few investors have the patience. Not only at the beginning, those who invested in Bitcoin during the last deep market also got to make a lot of profit. so those who can afford to invest in Bitcoin and hold it for a long time will get much better results.for having the patience and trust in bitcoin. They have gained so much profits.
Makes me kind of jealous I was not yet aware of bitcoin at 2010 but hey, at least
now I am holding it and I intend to hold it for dear life
There some instances that we think that if there's a time machine for sure we will go back from the past and buy a lot of bitcoins or do those task that can give us huge volume of bitcoin then get a lot of gains on present times. But this is all fantasy that's why we need to look up at present time since we can still do some good actions and decisions so that we will not regret for many times that we didn't hodl our bitcoins since as of know there's a lot of opportunity to do it and earn the same with old people from the past if we are just eager and can execute well their plans to hodl for long period of time.
Woah. That is indeed crazy. Such a huge respect to whoever that person
for having the patience and trust in bitcoin. They have gained so much profits.
Makes me kind of jealous I was not yet aware of bitcoin at 2010 but hey, at least
now I am holding it and I intend to hold it for dear life
We are really jealous when we think about the history of Bitcoin. Because the initial value of Bitcoin has now increased several thousand times. those who invested in Bitcoin at that time have now made hundreds of thousands of times their profits, but it is doubtful who could have held for such a long time because few investors have the patience. Not only at the beginning, those who invested in Bitcoin during the last deep market also got to make a lot of profit. so those who can afford to invest in Bitcoin and hold it for a long time will get much better results.for having the patience and trust in bitcoin. They have gained so much profits.
Makes me kind of jealous I was not yet aware of bitcoin at 2010 but hey, at least
now I am holding it and I intend to hold it for dear life
There some instances that we think that if there's a time machine for sure we will go back from the past and buy a lot of bitcoins or do those task that can give us huge volume of bitcoin then get a lot of gains on present times. But this is all fantasy that's why we need to look up at present time since we can still do some good actions and decisions so that we will not regret for many times that we didn't hodl our bitcoins since as of know there's a lot of opportunity to do it and earn the same with old people from the past if we are just eager and can execute well their plans to hodl for long period of time.
HODLing has always been the best resort for most Bitcoin investors because it's proven to be one of the safest way to keep staying profitable with only very little risk involved in it but other method although has been really good but has been risky especially talking about trading, it's away of making money almost quickly from cryptocurrency buy has aswell been seen to be very risky due to volatility which sometimes isn't what the reader will be able to handle because they may not be knowledgeable enough to handle such situations so it's best they stick to buying, Hodling and seeling at higher price to make profits.
If you HODL you reduce your chances of being at risk of a loss or been at risk of loosing your asset even when there's volatility, hodling reduces the risk attached even with all the volatility that may come along side while hodling your assets.
If you HODL you reduce your chances of being at risk of a loss or been at risk of loosing your asset even when there's volatility, hodling reduces the risk attached even with all the volatility that may come along side while hodling your assets.
HODLing Bitcoin means that a person bought Bitcoin for the purpose of investment, kept it for several years and then decided to sell it with the intention of investing, but it is rare to find a person since 2010 who bought Bitcoin with the intention of investing, or the price will rise after several years.
a lucky person who tried Bitcoin mining in 2010 and now has several million dollars.
a lucky person who tried Bitcoin mining in 2010 and now has several million dollars.
Woah. That is indeed crazy. Such a huge respect to whoever that person
for having the patience and trust in bitcoin. They have gained so much profits.
Makes me kind of jealous I was not yet aware of bitcoin at 2010 but hey, at least
now I am holding it and I intend to hold it for dear life
We are really jealous when we think about the history of Bitcoin. Because the initial value of Bitcoin has now increased several thousand times. those who invested in Bitcoin at that time have now made hundreds of thousands of times their profits, but it is doubtful who could have held for such a long time because few investors have the patience. Not only at the beginning, those who invested in Bitcoin during the last deep market also got to make a lot of profit. so those who can afford to invest in Bitcoin and hold it for a long time will get much better results. for having the patience and trust in bitcoin. They have gained so much profits.
Makes me kind of jealous I was not yet aware of bitcoin at 2010 but hey, at least
now I am holding it and I intend to hold it for dear life
Woah. That is indeed crazy. Such a huge respect to whoever that person
for having the patience and trust in bitcoin. They have gained so much profits.
Makes me kind of jealous I was not yet aware of bitcoin at 2010 but hey, at least
now I am holding it and I intend to hold it for dear life
for having the patience and trust in bitcoin. They have gained so much profits.
Makes me kind of jealous I was not yet aware of bitcoin at 2010 but hey, at least
now I am holding it and I intend to hold it for dear life
It is common for people to call those who got the information about Bitcoin early lucky. Some of them also regret that they knew about Bitcoin when the price was already high. The question is how many of them would have been brave enough to keep hodling even in the face of FUD and diverse attacks. Not everyone would be patient enough to keep hodling even when the price has appreciated to a large extent. Many of us would have sold our coins a long time ago because of diverse reasons. So when I hear stories of people who have held their coins for a long time regardless of diverse challenges I have nothing but respect and adoration for them.
Now we are in the midst of the bull run and many people are making plans on how to sell their coins and make some money and some don't have any plans of refiling wallets. It is not bad to take your profit but it should be known that many hodlers have no plan to sell because they have a long-term plan. This set of persons will be celebrated in the future just as everyone appreciates the patience of the main character in the OP.
Anyone who has been able to hodl all through the market movements during the last 14 years, resisting the temptation when Bitcoin went to $1,000, $20,000 all the way to $69,000 after the last halving, has to be very financially secure. Regular Joes would have been blown away when they got up to a million bucks in Bitcoin and would have been rushing to an exchange to trade that. If they were smart, they would have sold just a percentage and left some, or would have regularly sold and bought back making a profit. But to hold with no movements, you need real financial security.
The next 10-15 years in Bitcoin will be very important. It may not make as much millionaires as the last one did, but it will definitely create wealth.
- Jay -
The next 10-15 years in Bitcoin will be very important. It may not make as much millionaires as the last one did, but it will definitely create wealth.
- Jay -
You cant imagine if some invested bitcoin the last time it went down to $16,000 and hold till 2030, how huge his financial wealth could have turned to, this is how bitcoin could be that profitable because it has the ability of making an increasing value with time and the market will always pump regardless of the economy situation, inflation and other government policies and economical activities couldn't affect the use and adoption of bitcoin because everyone investing is having the future profitability in it and that is why they could mange to invest and hodl knowing it will be the best thing for them than when they chose fiat.
Statistics will never lie that's why it always good for people to decide to hold their bitcoin rather than spending it since we already see a lot of results shown each year that's why to many people regret on why they sell their bitcoins earlier since if they follow those people with diamond hands maybe same with them they can earn a lot of fortune on current rate achieve by bitcoin.
But its never so late to do this hodl plan again since even if the price of bitcoin is so expensive still we can decide to grab a little fractions since for sure that once bitcoin price rich for six to 7 digits in maybe 2030 or more years then they could earn a lot of money for deciding to invest on bitcoin at current rate.
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