The power of HODLing BTC - page 6. | Bitcointalksearch.org

Vincom

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Quote from: Negotiation on March 28, 2024, 12:08:46 PM

Holding minimizes risk a lot and is very powerful investors who have become multi-millionaires through this holding just have to wait patiently. Durable results never go bad there are many investors who unknowingly sell small profits but later regret it. Now is the time to become millionaires for those who have held bitcoin since the beginning. Being able to hold on for so long has reached the pinnacle of success.

Early Bitcoin holders have achieved truly impressive profits, however I can also imagine the hardships they endured when deciding to continue holding when the price reached ATH or when the crypto market entered a crypto winter with a 70-80% decline of BTC price. In addition, the most important thing they did was make the wise decision to choose the right asset to hold: BTC, the crypto king! If they had held other tokens that were once in the top 10 such as Peercoin (PPC) or Namecoin (NMC), their profits would have turned into losses.

Currently, investors are also faced with the decision of whether to hold BTC for the long term, about 10-15 years. I believe that the majority will prefer to invest in altcoins to get higher profits in each altseason. That could also be the reason why many people who used to have a lot of BTC but couldn't hold and become millionaires.

Hypnosis00

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That looks unbelievable for a person who really has the guts to to hold and keep holding for many years without touching any from it even during the ATH. I'd feel the real trust there and he strongly believes that the price of Bitcoin will continue to rise which makes that person hold and have no intention of selling for now.

Well, if you are really a rich person, we can't just think about it because we have not only focused on a single investment. That is a big factor in why some people especially the person behind that wallet never touched his/her Bitcoin until today. If he is just an average or poor person, I don't think we can still see that amount, that certainly emptied every bull season.

suzanne5223

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Quote from: Tmoonz on March 28, 2024, 01:20:59 PM

Holding is powerful because it gives you the compounding value of yourself investment over time, any that one considering Bitcoin in his portfolio should have that certain level of preparedness that will accompany him or her in the investment journey in other not to sell too soon but hold in other to experience the power of compounding value of his investment over time.

Holding is indeed powerful but it's not something easy to do as some people view it because 70% of all holders of Bitcoin later sell it along the line and it's not because they don't understand the power of holding with the benefit it entices. It is because they don't understand or have the knowledge of what they ought to do so they can continue keeping their bag and overcome emergency selling.

tottong

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Quote from: Dunamisx on March 28, 2024, 12:49:39 PM

If we are investing in bitcoin and are ready to hodl, then its most likely that we are going to be profitable in it because it appreciate over time and there's no way bitcoin can be influenced negatively by the impact of inflation on the economy, also, if we are to look in the way bitcoin appears, its a decentralized digital currency that doesn't have the influence of the centralized economy on its network or market price.

It is a common understanding that investing in bitcoin for the long term will produce profits because the strength of bitcoin will look better if it is held for the long term.
But this applies to people who already understand the conditions of bitcoin's journey because there are many people out there who still don't believe in bitcoin as a step to achieving financial freedom.
Bitcoin is a source of strength in a bad economy and even due to the impact of inflation, Bitcoin is still one of the best assets that is able to maintain its value. That's why the power of bitcoin has been so tested that it has achieved widespread adoption and this happened because people saw the best opportunity that bitcoin had.

_BlackStar

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Quote from: Qwertykk on March 28, 2024, 09:11:51 AM

Quote from: DaNNy001 on March 26, 2024, 08:02:30 PM

-snip-

Holding is quite a problem for some people.

Some people get choked up with little issues in life and sees no way out other than selling theirs.

Some feel content with whatever value is above their cap...

Problems are more likely for anyone who fails to properly prepare their investment plan - meaning you should never invest without planning. New investors are very likely to invest their entire budget without realizing how important an reserve budget is - this can cause them to make changes to their investment plans including having to sell all their investment assets rather than hold them long term.

Without a reserve budget or emergency budget - you will most likely mess up your investment plans due to lack of other solutions other than selling assets. This is the importance of an reserve fund - it can at least give you a temporary solution before selling investment assets and this depends on how much budget you need. Set a limit on your investment budget - set aside a few percent of it as an reserve fund.

Furious 7

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Quote from: DaNNy001 on March 26, 2024, 08:02:30 PM

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

This is a form of seriousness from investors where what is done is not only based on words about bitcoin is a good innovation and worth doing but he actually takes action where he continues to buy while he can and collects without caring what happens in the temporary movement of bitcoin whether it goes up or not he doesn't really care about that because the long term is the target that is really wanted.

He is a legendary where because it is very strong to hold until now and is not too affected by the value that occurs and I think it will be very rare for us to find something like this because it is indeed a rarity where in the end when the mindset of most people immediately sells bitcoin when it has profited several times but he continues to hold with the belief that bitcoin can be even higher in the future.

Tmoonz

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Holding is powerful because it gives you the compounding value of yourself investment over time, any that one considering Bitcoin in his portfolio should have that certain level of preparedness that will accompany him or her in the investment journey in other not to sell too soon but hold in other to experience the power of compounding value of his investment over time.

BABY SHOES

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HODL - BTC

The news will come again that the first HODLer BTC will take out his old wallet.

Imagine that bitcoin used to be priceless now become millionaires if they have thousands of bitcoins that used to be HODL until now, this is important to remind us to keep investing when the price is as low as possible, then imagine into the future 14 years from now will bitcoin go to $500K? Still very possible.

2010 did not know anything and many outsiders have known bitcoin since early on, I don't feel sorry because it's a different life but now it will slowly know how important bitcoin is for HODL.

Dunamisx

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If we are investing in bitcoin and are ready to hodl, then its most likely that we are going to be profitable in it because it appreciate over time and there's no way bitcoin can be influenced negatively by the impact of inflation on the economy, also, if we are to look in the way bitcoin appears, its a decentralized digital currency that doesn't have the influence of the centralized economy on its network or market price.

GideonGono

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I'm curious about how did they made it this far, did they just invest in early stage and forget about it or did they really endured the greed of taking profit from all those year.
Honestly I know that I couldn't do that kind of move, even if the money that I've invested is just an excess from my salary, I would surely move it or take profit when it fly high.

blckhawk

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Quote from: Reatim on March 26, 2024, 08:14:28 PM

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 Grin

Definitely biggest respect, if this person really did hodl this long then that means that this man trusted the process and that they believe in the technology and the utility of bitcoin. I guess your faith in bitcoin doesn't really need to be that strong but you need to have that faith because if you did, bitcoin would eventually deliver and give you the profit that you deserve for hodling and waiting it out. That person is probably ecstatic right now with the value of the bitcoin that they've got, they're celebrating right now even if they don't sell anything right now.

Negotiation

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Holding minimizes risk a lot and is very powerful investors who have become multi-millionaires through this holding just have to wait patiently. Durable results never go bad there are many investors who unknowingly sell small profits but later regret it. Now is the time to become millionaires for those who have held bitcoin since the beginning. Being able to hold on for so long has reached the pinnacle of success.

RockBell

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Quote from: Zigabel on March 27, 2024, 07:51:50 AM

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.

When you look at whales, all they do is hold whether the price is rising or falling. I was imagining what would happen to the market if any whale decided to sell. So, as holding is favorable, I considered the other side of it. People choose to retain because they believe that if the price falls, it will recover. And that is why you see a lot of people want to hold. They are trying to aviod the risk behind trading and they don't have to do much of market study. That is why many people will continue to prefer to hold rather than trade. Less risk, less worry, and much more. All have their advantages. You will make money based on how effectively you specialize in your field. It is up to you to buy when the price is low and sell when the price is high.

Qwertykk

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Quote from: DaNNy001 on March 26, 2024, 08:02:30 PM

https://talkimg.com/images/2024/03/27/V2xlj.jpeg

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

.

Holding is quite a problem for some people.

Some people get choked up with little issues in life and sees no way out other than selling theirs.

Some feel content with whatever value is above their cap...

yudi09

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Quote from: DaNNy001 on March 26, 2024, 08:02:30 PM

https://talkimg.com/images/2024/03/27/V2xlj.jpeg
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

Holding requires patience. The power of patience is valuable if everyone is able to persist in a belief.

This Bitcoin probably came from mining in 2010. If you calculate how long Bitcoin owners are still holding, then their patience has lasted for 14 years.
There are no other words other than those Bitcoin holders are winners.
They won from a price of $0.20 to now worth $71K. If after the ETF approval Bitcoin experiences a surge of 91% according to Bitcoin Archive, then they will make huge profits when Bitcoin price trades at $100K to $150K after the halving.

Poker Player

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Yes of course, holding is very powerful, but who is able to hold out without selling something worth $400 until it becomes $140M? Someone who is already a millionaire. Most of us in the thread, and most of the forum would have started selling before that even became $100K. Someone who has a regular job and trouble making ends meet can't hold an investment of hundreds of thousands untouched to see if it turns into many millions.

fuguebtc

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Quote from: CryptSafe on March 28, 2024, 07:42:54 AM

Possibly the owner could have other means by which they earn a living because I know that such amount is so tempting to hold with the price fluctuations.

We all know the power and benefits of long-term holding, the longer you hold, the greater the profit . But the problem is that everyone's life is different and most of us here are people who need money to sustain our lives . So holding has many limitations and that is something we have to accept .

Like me, I have an outside source of income besides investing in bitcoin . And my salary is only enough for me to spend to maintain daily life, but to be able to buy a house , buy a car or provide better needs for my children is impossible. Therefore , I need to sell my bitcoins during the upcoming bull season to serve my life's needs.

Holding on is sometimes easy for some but also a challenge for many .

CryptSafe

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This is interesting. I could imagine how patient the owner of that wallet could be to have held such volume of Bitcoin for such a long time interval. Possibly the owner could have other means by which they earn a living because I know that such amount is so tempting to hold with the price fluctuations.

Kudos to the owner of such wallet because It takes patience alone to be able to hodle for such a long time. This could make the owner a millionaire in dollars if he or she continues persistently holding for a long time interval.

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Quote from: Arenga pinnata on March 28, 2024, 05:44:23 AM

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.

I think you could do it as long as you have the dedication to do so. I know it's very hard to fight the temptation of selling your assets or some of your assets when the price of bitcoin is in a good movement or the price itself, especially during a bull run. It can't be helped, but in my experience over the years, I still manage to have bitcoin holdings, meaning I sometimes sell some of my bitcoin assets, especially during a bull run. The reason is valid because I have to buy something that I need or something that I want, but I'm making sure that I will still do DCA in order to have more assets to hold on. It's like I have a cycle on how I will invest in bitcoin. I know you can do it. Keep on holding your assets and fight the temptation and urge to sell all your assets.

Arenga pinnata

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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.

Topic: The power of HODLing BTC - page 6. (Read 1688 times)