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Topic: The power of HODLing BTC - page 4. (Read 1688 times)

sr. member
Activity: 588
Merit: 269
September 15, 2024, 03:31:56 AM
#94
Those who invested and held Bitcoin in 2009 and 2010 already know about the power of Bitcoin. If someone invested one dollar worth of bitcoins at that time, then their one dollar bitcoin investment has reached millions of dollars by the present time. Moreover, those who invested and held Bitcoin during the bloody market in November 2022 also learned about the power of holding Bitcoin.
Patience do pays, I've learnt that from the continuous existence of bitcoin. The ones smiling today are Bitcoin longterm patient holders, they're able to grabbed substantial rewards till date. Imagine holding bitcoin in all the long hurdles surpassed, the critics was majorly aligned out by the public, centered directly to the holders, most of them dropped and trigger the sell button of their accumulated bitcoin while some hold back and today, they're financially stable in the crypto market. Bitcoin have been in existence in the last decades and there's absolutely gigantic rewards for those that keen on holding pieces of bitcoin, for me, I missed out on this golden opportunity but it's never too late to start all over. Bitcoin have massive rewards for Holders, specifically the categories of holders that was able to stand out to exercise patience all these years.
sr. member
Activity: 1316
Merit: 379
Fully Regulated Crypto Casino
September 13, 2024, 04:59:02 AM
#93
Many of the Bitcoin portfolio we are seeing are people who had invested in Bitcoin many years ago and have maintained their portfolio for many years now with bothering about seeing them.

Just imagine buying Bitcoin when the price was $5k, acquiring more
Honestly I never saw any portfolio from people who invested in Bitcoin many years ago or lately when Bitcoin price was about $5,000. That price means years in 2017 bull run or bear market in 2020 with a big crash from Covid-19 in March 2020. Earlier than that, I really never saw any portfolio from millionaires, billionaires made by Bitcoin investment.

There are rich guys who built up their wealth with Bitcoin investment but again I emphasized I did not see such publicly shared portfolios.

The famous one I know is MicroStrategy and Michael Saylor; and El Salvador.
https://saylortracker.com/
https://nayibtracker.com/

I must applaud such holders, for having the courage and discipline to hodl for that long period, the OP's post has shown that their are still some individuals or organisations that's been hodling for about 5 years plus. Frankly speaking, if their's anything important I've taken very seriously concerning Bitcoin, it is being patient and that's one of the key trait every Bitcoin holder should possess, many investors panic sale at any slight downtrend of the market and it sometimes caused by lack of patience cause they won't say they're not aware that investing in Bitcoin involves long-term plans and for that to be carried out successfully patience is the most important thing asides developing different strategies to accumulate as much as possible. The OP did well by sharing it here cause it would surely serve as a motivation for holders or those that aren't well encouraged but would like to hodl Bitcoin for as long as possible.
hero member
Activity: 2366
Merit: 838
September 13, 2024, 02:10:20 AM
#92
Many of the Bitcoin portfolio we are seeing are people who had invested in Bitcoin many years ago and have maintained their portfolio for many years now with bothering about seeing them.

Just imagine buying Bitcoin when the price was $5k, acquiring more
Honestly I never saw any portfolio from people who invested in Bitcoin many years ago or lately when Bitcoin price was about $5,000. That price means years in 2017 bull run or bear market in 2020 with a big crash from Covid-19 in March 2020. Earlier than that, I really never saw any portfolio from millionaires, billionaires made by Bitcoin investment.

There are rich guys who built up their wealth with Bitcoin investment but again I emphasized I did not see such publicly shared portfolios.

The famous one I know is MicroStrategy and Michael Saylor; and El Salvador.
https://saylortracker.com/
https://nayibtracker.com/
hero member
Activity: 1176
Merit: 543
fillippone - Winner contest Pizza 2022
September 12, 2024, 05:38:37 PM
#91
Those who invested and held Bitcoin in 2009 and 2010 already know about the power of Bitcoin. If someone invested one dollar worth of bitcoins at that time, then their one dollar bitcoin investment has reached millions of dollars by the present time. Moreover, those who invested and held Bitcoin during the bloody market in November 2022 also learned about the power of holding Bitcoin.
Many of the Bitcoin portfolio we are seeing are people who had invested in Bitcoin many years ago and have maintained their portfolio for many years now with bothering about seeing them. Just imagine buying Bitcoin when the price was $5k, acquiring more would not be that expensive compared to now than one would have to use millions of dollars to accumulate some few Bitcoin to add to their portfolio. The money we are talking is in crypto and it all takes patience to keep making money. If we .can invest in the future just like Elon Musk, we could be surprised that money would not be a problem has time goes on.
hero member
Activity: 553
Merit: 509
September 12, 2024, 04:56:24 AM
#90
Those who invested and held Bitcoin in 2009 and 2010 already know about the power of Bitcoin. If someone invested one dollar worth of bitcoins at that time, then their one dollar bitcoin investment has reached millions of dollars by the present time. Moreover, those who invested and held Bitcoin during the bloody market in November 2022 also learned about the power of holding Bitcoin.

Honestly, a lot of people who bought as at 2009/10 weren't patient enough to hold till now, and it was not their fault, bitcoin price took time to skyrocket. As a result those who did hold until today seem to be quite fewer than the panic sellers, thousands of btc were sold for peanuts. Unluckily most of them regret selling their bitcoin, but I could read back on some tweets of people who didn't hold but made a kill with other businesses other than bitcoin. So, they can still invest if they wanted.

This is true and I think that everyone would have sold the Bitcoins bought in 2009 dozens of times already. And why not. After all, Bitcoin has already renewed its maximums many times and only a fool could hold them until now.

However, it is strange that we often read about those whose wallet has woken up only now, while such people have dozens of Bitcoins and sometimes thousands.
I do not understand what made them not sell Bitcoins all this time. Maybe they only now found the keys to the wallet?
hero member
Activity: 1274
Merit: 561
Leading Crypto Sports Betting & Casino Platform
September 10, 2024, 05:58:59 PM
#89
Those who invested and held Bitcoin in 2009 and 2010 already know about the power of Bitcoin. If someone invested one dollar worth of bitcoins at that time, then their one dollar bitcoin investment has reached millions of dollars by the present time. Moreover, those who invested and held Bitcoin during the bloody market in November 2022 also learned about the power of holding Bitcoin.

Honestly, a lot of people who bought as at 2009/10 weren't patient enough to hold till now, and it was not their fault, bitcoin price took time to skyrocket. As a result those who did hold until today seem to be quite fewer than the panic sellers, thousands of btc were sold for peanuts. Unluckily most of them regret selling their bitcoin, but I could read back on some tweets of people who didn't hold but made a kill with other businesses other than bitcoin. So, they can still invest if they wanted.
member
Activity: 66
Merit: 5
Eloncoin.org - Mars, here we come!
September 10, 2024, 05:44:05 PM
#88
I'm really not surprised to see the transformation in value even though it might seem surprising to some people, I'm not fascinated with news or informations like this because basically the changes didn't happen by chance it was a well planned investment.

Lots of people just want to be lucky with bitcoin when they aren't ready to take the risk of letting some part of their money be in bitcoin for some years. Not taking risk has kept alot of us in a terrible situation till date whereas we can just do some things which are never going to kill us but might seem stressful for some time yet we decided to only enjoy the news from others. Well I have a very sweet experience with bitcoin and it has been a very big motivation to keep the stacking up going consistently.

Generally information remains whatever you do in life just have at least little of your investment in bitcoin.
legendary
Activity: 1554
Merit: 1139
September 10, 2024, 05:29:13 PM
#87
Would anyone have known back then that bitcoin would be worth what it is today? No one predicted it at the time.

As we speak, there is a lot of decisions that people are not taking, mostly due to skepticism but, a few people do and that’s the risky part. It’s the investor mindset. Where you invest in this idea that you don’t fully understand, just some in depth understudying of the concept and you have your green to bet your money on it.

Back in the day, early investors might not have seen or predicted the numbers Bitcoin has done in price today but, they sure thought of it as something that would be important in future and as such, they bought and mined what they could. Today, we don’t leave them out of our discussion.

A lot of people right now are still having doubts but, rest assured that, you with the knowledge you have is at an advantage, use that.
sr. member
Activity: 294
Merit: 433
HODL - BTC
September 10, 2024, 04:37:48 PM
#86
Those who invested and held Bitcoin in 2009 and 2010 already know about the power of Bitcoin. If someone invested one dollar worth of bitcoins at that time, then their one dollar bitcoin investment has reached millions of dollars by the present time. Moreover, those who invested and held Bitcoin during the bloody market in November 2022 also learned about the power of holding Bitcoin.
Would anyone have known back then that bitcoin would be worth what it is today? No one predicted it at the time.

Someone on Youtube said “just buy $1 bitcoin” but few people did, but now that person has become a millionaire.
https://www.youtube.com/watch?v=Cw29h7LhEuE

In the past no one knew where bitcoin was going and some considered the coin a scam, but now many are investing in bitcoin and trying to become a strong hand for HODL.
full member
Activity: 420
Merit: 130
September 10, 2024, 03:10:49 PM
#85
Those who invested and held Bitcoin in 2009 and 2010 already know about the power of Bitcoin. If someone invested one dollar worth of bitcoins at that time, then their one dollar bitcoin investment has reached millions of dollars by the present time. Moreover, those who invested and held Bitcoin during the bloody market in November 2022 also learned about the power of holding Bitcoin.
full member
Activity: 224
Merit: 128
Patience and hard work are the keys to success.
September 10, 2024, 12:57:13 PM
#84
Bitcoin is proven to be a high-risk asset and yet it’s also capable to provide us limitless profits. So just trust the power of hodling bitcoin.

And there is almost no chance of losing bitcoins by holding. Although Bitcoin is high risk, the holding system is promoted to reduce its risk. Bitcoin has been able to gain credibility in the world market where people are now sure that Bitcoin will not vanish overnight or its value will not become 0 overnight. People have faith in Bitcoin that even if Bitcoin loses value it is almost certain to recover. So many investors feel comfortable holding for the long term.

There are some novice investors who are afraid to hold for long term or do not hold in the hope of higher profits and face losses. I do they need the right knowledge and if he wants to be profitable he needs to acquire and hold the ability to hold for long term. Many investors lose a lot of money due to not being able to invest properly and blame Bitcoin. I would like to remind them, if a car accident of BMW, the world's largest car brand, is not the fault of the car, but the fault of the driver. Because a car is controlled by the driver, no matter how good the car is, if the driver is not good, the car will have an accident. From that point of view, if someone loses from Bitcoin, I think it's not Bitcoin's fault but the user's fault.
sr. member
Activity: 952
Merit: 275
September 10, 2024, 12:16:14 PM
#83
So I just saw this on platform X and it really got my attention because when I reasoned it, it's actually quite crazy but real too and many Bitcoin HODLers today don't really know the power and benefits behind this particular thought of action.

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

Well, the one thing that Bitcoin growth have thought me so far is patience, the growth so far is insane but Bitcoin isn't the only one that has grown insanely high in the future like this, we have seen generational wealth from BNB and Ethereum too, even Solana was once $1 in the last bear market few years backback.

The truth is nothing can truly be Decentralised like Bitcoin, it will always be the best but right now there are still many opportunities in this crypto space and it doesn't end with Bitcoin, even few Bitcoin Layer projects will do amazingly well.

With good and accurate research you can be the next millionaire of a project that's not currently very popular right now, do not be fooled like the Bitcoin maxis, been a millionaire doesn't end with Bitcoin.

Don't get it mixed up, it is still early to accumulate Bitcoin but don't hesitate to look into other treasures as well, new ones are on the horizon.
hero member
Activity: 3052
Merit: 606
September 10, 2024, 06:50:33 AM
#82
This should also be a lesson to those who complain that the price of bitcoin is too high today and so they will wait. You might not get this price again future and hence the best times to buy is now, but preferably during the bear market. Because of its deflationary nature, bitcoin price will continue to rise and stabilize before rising again.

A bunch of coins bought back in 2010 are worth huge amounts of fiat now. What else could you ask for as a better investment? So buy bitcoin whenever the money is available at hand and continue to hold them.
Aside the fact that bitcoin could be a long-term hedge for inflation, bitcoin price has also proven that its only ultimate goal in the market is to appreciate, not depreciate. With this, anyone who come to trust bitcoin but still hesitant to buy and hold, just know that if early bitcoin hodlers were never fearful when bitcoin has not proven its store of value yet, then we shouldn’t be more fearful these days as bitcoin has already reached a position where it’s on top already of other potential investments. Bitcoin is proven to be a high-risk asset and yet it’s also capable to provide us limitless profits. So just trust the power of hodling bitcoin.
full member
Activity: 420
Merit: 120
September 10, 2024, 06:18:17 AM
#81
So it's not just financial freedom, but to build generational wealth. And once you practice this mindset, it could be easy for you to just do DCA, week after week, month after month to just HODL. And just think about it, if others are saying that they can do it, then you can also have that financial resiliency. It might be hard in the beginning, but if you overcome it and seeing your portfolio going up, then you will just go and continue no matter what.
Different generations grew up in different eras and they have different interests in what they want to invest money in. Hence, there always are wealth migrations between different generations, from the old to young generations.

With Bitcoin and blockchain technology and evolution, we are witnessing a new wealth migration from the elderly who mostly are not interested in Bitcoin and blockchain technology while the young are keen on Bitcoin as their most favorite asset to store money and wealth in.

Demographics of Bitcoin users show this fact.
https://coin.dance/stats#demographics
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
September 10, 2024, 05:22:53 AM
#80
This should also be a lesson to those who complain that the price of bitcoin is too high today and so they will wait. You might not get this price again future and hence the best times to buy is now, but preferably during the bear market. Because of its deflationary nature, bitcoin price will continue to rise and stabilize before rising again.

A bunch of coins bought back in 2010 are worth huge amounts of fiat now. What else could you ask for as a better investment? So buy bitcoin whenever the money is available at hand and continue to hold them.
hero member
Activity: 1050
Merit: 844
September 10, 2024, 04:56:37 AM
#79
Always hanging up on the appropriate stands, atleast we don't fall for cheap scams but entirely focused on bitcoin. The power of holding Bitcoin is easily converted to other projects in the space, stop laying all your efforts on bitcoin because this is the appropriate time to tackle the big winnings in the system. We all have potentials which have not been discovered yet based on the current stats of the market. Always keep the mindsets bright enough to absorb good and poor results.
Applying a greater focus on Bitcoin is not a bad thing for now and also forever, but having another job that is not bad can also be very good even though it does not mean that it can cause our own focus to be scattered. Because the results of other jobs can also be used for Bitcoin such as buying Bitcoin and increasing the number of Bitcoins with the results we get through other jobs and besides that, it can also make it easier for us to maintain Bitcoin properly because we don't need to resell when we need funds as soon as possible.
legendary
Activity: 2576
Merit: 1655
September 10, 2024, 04:52:22 AM
#78
For me such holding ability can even be termed impossible because it's just unbelievable to imagine the patience that a particular human will have to keep his money knowing fully well the profits that he or she might have gotten from the first and second ATH but yet he held on. Well that's just the beauty of human as you can never know the full potential of anyone's ability till push to the limit.

That's impossible when you're not financially good.
That's possible when you're financially good.

That bitcoin mentioned by OP came from mining. It means the wallet's owner was wealthy. He didn't care about what he had mined at that time for over a decade. That's pure speculation.

The power of financial freedom.

Right, it's hard to question's human resiliency here, there could be holders here for years and just continue to accumulate not just because they are mentally tough, but they are looking at the bigger picture on what Bitcoin can bring to them and the rest of his generations.

So it's not just financial freedom, but to build generational wealth. And once you practice this mindset, it could be easy for you to just do DCA, week after week, month after month to just HODL. And just think about it, if others are saying that they can do it, then you can also have that financial resiliency. It might be hard in the beginning, but if you overcome it and seeing your portfolio going up, then you will just go and continue no matter what.
legendary
Activity: 3038
Merit: 1024
Leading Crypto Sports Betting & Casino Platform
September 10, 2024, 04:27:59 AM
#77
For me such holding ability can even be termed impossible because it's just unbelievable to imagine the patience that a particular human will have to keep his money knowing fully well the profits that he or she might have gotten from the first and second ATH but yet he held on. Well that's just the beauty of human as you can never know the full potential of anyone's ability till push to the limit.

That's impossible when you're not financially good.
That's possible when you're financially good.

That bitcoin mentioned by OP came from mining. It means the wallet's owner was wealthy. He didn't care about what he had mined at that time for over a decade. That's pure speculation.

The power of financial freedom.
sr. member
Activity: 784
Merit: 372
September 10, 2024, 04:01:33 AM
#76
OP, I saw this post of yours and my vision went up a lot with so many bitcoin holdings. It is really interesting that people are keeping their money invested in bitcoins or paying them more money, from which they have succeeded in making huge profits. If this is a space that goes from buying low-cost bitcoins to buying higher-priced bitcoins, then I think it's a whale wallet that has a lot of bitcoins. If this whale is holding so many bitcoins, then surely he has long term plans where he will get more profit. If the price of bitcoin holds until it goes up to $500k, then surely he is holding bitcoin for long term investment. And when Bitcoin goes to this level it's really fascinating how much it will gain, and I'm really attracted to this investment, of course it's held for the long term. The person holding so many bitcoins here must be a patient and wise person and I think he will buy more sales in future and hold it for long term.

Bitcoin usually depends on the holding, if a person invests in Bitcoin for a long period of time and is ready to hold it for a long period of time then it is definitely possible to reap huge benefits from it. Here is usually the most important to know our Bitcoin safekeeping strategies, because we need to invest regularly in Bitcoin. And it can be DCA method because if weekly or monthly regular investment then it will convert to DCA method. And using this approach to Bitcoin investing can certainly make any investor, both new and old, successful.

hero member
Activity: 2604
Merit: 816
🐺Spinarium.com🐺 - iGaming casino
March 31, 2024, 11:12:41 PM
#75
Seems impossible really for seeing how big the profit they already get but still this people decide to hold since they have huge trust for bitcoin. And for sure they cashing out some of the profits they get so that they will not get affected on those bearish run since they already got satisfied with what they do when bullish run happen. And they can able to wait for more price rise for long years since they are financially stable also have other capabilities to generate bitcoins on other means.

Holding bitcoin showing already some great result that's why there's no question that we can see more from it and if there's still people doubting about its strength then for sure they provably regret later on that they don't buy before when they can afford to buy some.

Maybe some doing that forget and buy strategy but for sure there are other buy then wait for a bull run then cash out their profit and retain their capital. And repeat buying when bullish condition strike and wait again this is repetitive process so for sure there's a lot of guys doing that.
If those people have seen how strong Bitcoin is, it is not impossible to estimate how much profit they have made by now. People can sell their Bitcoin now, especially those who bought it at around $60k at the last ATH. They have made profits for now but some of them are still waiting for the ATH to be reached and this has only just begun. They still have to be patient if they want to sell their Bitcoin at the new ATH price.

We have seen that holding Bitcoin provides extraordinary results, including those who have done it in the last 10 years. Those who still doubt Bitcoin will not experience what people who have invested in Bitcoin have experienced. So it will depend on them.

That's why before people start investing in Bitcoin, they should learn about it first. They should not just follow what others are doing because there are risks in investing in Bitcoin. Apart from investing, some people also trade Bitcoin to take advantage of the difference in buying and selling prices.
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