Topic: The power of HODLing BTC - page 5. (Read 1688 times)

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.

Pretty sure they still have the access but they just don't want to do anything about it right now because they want more, that's my guess but given how old the address is they've probably forgotten about that wallet somewhere, not an ideal thing to happen to the person though but there's a lesson to be learned there. It's not just dedication in my opinion, to hodl that long and trust that bitcoin is going to go up more than what it is at that time, I think that the person behind the account is one insane man, to risk and not easily give in to temptation of selling when the price was around 20k or 30k, that takes some nerves. Patience is really a virtue, no two ways about it.

It may seem impossible, but some people can hold Bitcoin longer than others. They are the ones who can really profit from selling their Bitcoin if they decide to sell it. But if they still want to hold it, that's okay because they probably already have a target selling price.

Bitcoin's holding power is already showing its greatest advantage. Those who bought Bitcoin several years ago and still hold onto it today are truly making the most of it. These are the people who will have a lot of money.

Maybe those who have held Bitcoin for a long time have a strategy of buying, keeping, and forgetting. Just let it be and don't feel like waiting. If Bitcoin increases later, Bitcoin will increase. If not, it means Bitcoin has not been able to increase. But the truth is, Bitcoin is very capable of rising higher.

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.

I understand your point mate. You know sometimes life just happens like that. People that could hold for a long time possibly have no much financial challenges of that nature. Some could but in some cases, when a pressing need comes up which needs urgent attention maybe in that situation there might be no spare cash for them and in that case they would fall back to their savings for a back up which would warrant them to sell their Bitcoin to solve their problems at hand and I believe this is amongst the reasons why Bitcoin is good to keep as a reserve. You just might not know when anything of such nature might come up but that is not what I wish anybody to experience in life.

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.

This is actually one of my regrets- I used to sell all of my BTCs that I received from signature campaigns back in 2017.

Like what I mentioned, back in 2017 the price of BTC was around $2,000. I received BTCs from participating in campaign signatures worth $5-$10/weekly (converted to BTC) and I would use and withdraw them to our local currency to purchase books and educational materials. As a struggling college student at that time, any money impacts my life greatly due to the fact that most of the resources here in the Philippines are in a tough competition.

Fast forward to this year, I have just learned that if I did not sell all of my BTCs that I have accumulated since 2017, I would actually have around $30-50k worth of money converted to our local currency. That amount would definitely be a game changer today since I could actually purchase a condominium unit with that money.

Moral of the story- HODL your BTCs everyone given that the fork is right around the corner. Never settle for less and maintain that tunnel vision when it comes to HODLing so that you may execute your plan and maximize all of your earnings.

Holding is not for everyone and it is important to have a desired goal while holding. I have been holding bitcoins but I will hold my bitcoins until I reach my desired goal with my investment. My desired target is $150k to $170k dollars I will not set my desired signal between $200k to 500k dollars I will only be forced to sell my bitcoins when bitcoin reaches between $150k to $170k because I will sell there and wait for the next dumping some dumping. But again and move on with the next goal. Of course a safe wallet is required to keep investments. Everyone who invests must ensure a safe wallet and invest otherwise his investment can be lost at any moment and his investment will be at maximum risk.

Not selling Bitcoin for a long time and waiting for its price to increase is something many people want to do. In order to do this, you need to know Bitcoin in time, invest and have the financial strength to earn a living in the meantime. Not everyone can achieve this, so the number of people who do this is quite low.

We all know that Bitcoin will become more valuable, but while we have Bitcoin, we must also have the financial power to meet our needs. If we do not have this power, we will be forced to sell when the price of Bitcoin increases.

Acting according to the market climate and waiting for a long time is a good investment method, but there are many factors that affect this situation.

If someone buys bitcoin from now and holds it for the next 10 years, and 10 years from now I will definitely believe this story because everything about bitcoin has become clearer and more certain. But to talk about buying and holding bitcoin 10 years ago is truly an unbelievable story because at that time bitcoin was not highly appreciated and a profit of 10, 100 times was also a dream profit that no one can resist. I don't know what the truth behind it is, but for me, it's hard to believe that someone could hold bitcoin for the past 10 years.

Exactly.

Probably this guy just found his old harddrive and remembered that he's got Bitcoins from the old days and luckily, he found it.

But anyway, if it's the opposite and he's got firmly holding it for all of these years, that's why true respect for his patience.

For me, bitcoin is not a way to make money quickly because there is a process that we have to wait for to get maximum profit. Profits will be proportional to the capital we spend, so the greater the capital we use, the greater the profits we will get.
It is not necessary for everyone to believe in bitcoin because trust will arise when they begin to understand the journey of bitcoin.
We will get the opportunity if someone wants to carry out investments correctly and bitcoin will become a source of financial freedom when people dare to get involved in it.

And even if Bitcoin is lost, I think it is unlikely that it will happen because as we can see now, Bitcoin has provided the resilience to reach its highest value.
The best choice is to take a chance in it and save bitcoin until it reaches the next ATH so that we will get maximum profit from it.

Bitcoin isnt just a way to make money quickly; its a long-term bet that will change the way money is handled. Its like a hedge against inflation that cant be found in other types of investments. How volatile? Its there, but smart buyers know thats just how things are.

But not everyone believes. That makes sense; its a new idea. But more and more people are seeing what it could be. Institutional investors and big businesses know how valuable it is. Really, if you're not in the game, you're missing a chance to become financially free.

Do not worry, Bitcoin is not going away. Smart people made this play. Do I belong with them? Of course. But I read up on it, knew the risks and the possibilities, and then I made the decision. Its the best choice I've ever made in years.

It's a really crazy thing to do if you ask especially during the early days that this person is buying or mining and hodling bitcoin because most of the time during those times, miners quickly sell what they've got, that man's faith to bitcoin is one of a kind of faith because they were able to hold on to it for this long and their faith was rewarded, this is definitely a testament to what you can do if you just trusted the process and you continue hodling your bitcoin and not minding the current climate of the market, just hodl until you've reached your goal and you'd be rewarded with huge profits.

Holding of BTC is the only way and proven approach to enjoy the immense benefit of bitcoin. Past track of price movement and data present shows that long term view in the bitcoin market is appreciative. Buying, accumulating the fuck out of bitcoin, and holding in space of 4yrs - up, that bitcoiners will surely see immense profits he would realise than others that  buy and sell once in profits in short term space.

While the whales keep soaring higher is as a result of them accumulating and holding enough bitcoins, they base on building huge portfolio than seeking profits on there holdings, bitcoin is not only a valuable digital asset but also Precious as Gold, Diamond and currently the most invested market with a market cap of $1,376,070,650,994 . It high time we look beyond and value your holdings.

Before one can say he has invested or making any investment plan, patience need to be tested because it wouldn't be all good, the value would be in ups and down.
Investment plan should have minimum of 4 years space time, not some 6mths, 2yrs plan.
So, while we buy, we hold and keep accumulating, when we want to sell, we sell off only part of the holdings mininum of 4yrs interval.

I mean if they still have access to this Bitcoin, I gonna give them that one its a real dedication and its not a easy thing to actually do, holding for years is probably torture, I wouldn't say it wasn't smart at all since at the moment the value of this is just to the roof, probably could millions and billion of dollars in today's money, but hopefully they still have access to this Bitcoin because in those years its not easy to monitor it unless they are really aware and have knowledge on what is happening on Bitcoin and intentionally HODLing in years. We could maybe assume that most of this are lost Bitcoin already, I mean its already a common cases, since these addresses doesn't really have any movements for years already.

I watched a YouTuber reviews low-income people who actually become a millionaire before they die, there are some people there who invested 60$ back in a stock market company that is now valued at millions of dollars, which proves how powerful it is to hold on your assets, and these reviews are on stock market, which are companies that takes a long time before even having a huge movement on its price, compared to cryptocurrency that is more volatile that stock. I guess a lot of traders these days was just not patient enough on the market because they just want to make a quick cash expecting do always do a shortcut in the market become a millionaire in a short amount of time.

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.

Now in 2024 and in future, it is and will be more easier to have belief in Bitcoin to hold it for a long time as a solid asset for your portfolio and wealth.

In past years like 2009, 2010, 2013 and before the bull run of 2017, it was harder to hold Bitcoin because back in these years, Bitcoin still has big risk to fail and die. Since 2017 - 2018 bull run, when Bitcoin made its all time high to nearly $20,000, belief in Bitcoin became bigger and fact is Bitcoin already shown its very strong survival. Since then, it's more easily to hold Bitcoin and from 2017 to 2024, people like me have more reasons to hold my bitcoins.

True, a lot of people will relate. This person can be like cleaning then he/she finds some treasure
These days, it's now impossible to hold this very long if you know you have Bitcoins and can use them since 2010, a lot of roller coaster rides happened in Bitcoin that will shake emotions of people.

Or possibly that he didn't care at all all of this time but he's aware of his holdings.

Usually, a person like this have got other source of income and have got a busy world on how they're going to spend their wealth.

Now, another good problem came out on how he's going to spend it again. 

Mad respect to the guy for holding this long.