Topic: The power of HODLing BTC - page 8. (Read 1688 times)

The power of holding is very important to every bitcoin holders, without holding you are waisting your time, Bitcoin is a good store of value and it's important to always hold every penny of Bitcoin that you buy. Bitcoin is not the same as other altcoins on the market, you buy and you hold there's nothing profitable in trading Bitcoin.
Always make sure to hold with your last money.

Investing on Bitcoin is not a do or die affairs, if you don't have money to buy Bitcoin you better not buy because there would be no profit for you when you buy. My reasons for saying this you won't be able to hold your Bitcoin for long when you don't have money or don't have a job.
It's always good that before you involve in anything business or investment you have to check your financial status, if you can invest you carry on the investment but if you can't you don't. There are things you should know before you do things you planned for.
I don't think one with only 1 source of income with low salary can invest in Bitcoin and still hold for long term, even if you have just 1 job let it be that the salary is very big in a way that you can invest, spend and still keep some for emergency issues, these are the most important things one should do before they starts investment.
Apparently. If you have confidence in things that guy do there's is no way you won't gain from it, the important things is always put seriousness in things that you do.

Patience is the key thing when it comes to HODLing Bitcoin and those who are able to develop patience will always have great testimony such as we have here - HODLing from $0.2 to $70,000. Anyone not motivated by this does not really believe in Bitcoin and that is rather unfortunate. Bitcoin seems to be getting set to cross to six figures, so those thinking that the price is too high now might be making a mistake.

I will recommend self-custodian wallet as that gives you control over your coins. Saving your coins under the custody of another person is very risky, so much that it can result to total loss of assets. Now that you mentioned the wallet, it is one of the biggest challenge to HODLing Bitcoin. I have also seen a post in X about some early people to Bitcoin who saved their coins in hardware wallets but having problems remembering their password. So care must be taken about the storage media and how to protect the secret keys.

True be told, its not easy to hold unto something thats in another form of money, many people would have exchange for Fiat a long time ago, I suspect this person have a lot going for him in this life, he is proabaly making a lot of money from other source.

There is no way a hungry person who is poor can hold unto Bitcoin since that time till now, holding is for those who are well-fed, have a good source of income, and believe in the future of Bitcoin, another worry is how to securely keep your Bitcoin for this long, many people who mined Bitcoin in 2010 end up losing the recovery seed.

My respect to this fellow, for believing so much in Bitcoin, as if he and Nakamoto are pals, in every patience that we human have there is always something giving us the confidence, it's a shame that there is no way to ask him this question, holding is the way, you can never lose by holding Bitcoin.

Holding is always at its hardest on the earliest stages, once you have been holding for a few years then not only it will become second nature to you, but also due to the movements of the market, it is possible for you to remain in profits for as long as you can hold, so even if the market were to crash you will still have more money than what you invested, and when you have that kind of advantage then holding your coins becomes a breeze and your only problem becomes protecting your coins.

What a patience. I think that owner isn't just holding that much and there are more that are on his wallets that haven't moved yet or he has moved those before he moved it.

This is one of the best holding moments that I've seen. It's one of the earliest believers of Bitcoin but some may be misled and tell that this guy is close to Satoshi for being that early and having this much of Bitcoin.

The patience is real for this guy so coming from that lowest price point when he has bought that to $70k. Really fascinating.

Yeah these coins move from time to time, especially when we are in a strong bull market where we break to new highs. And most people assume that the coins from 2010 are lost but this is proof it’s not true.

I think coins from 2009 won’t get moved and are considered lost due to the fact that satoshi most likely will never move them or they lost the private key. I actually wonder when the last time a coin from 2009 was moved which was mined from the 50 BTC coinbase reward.

I don't know what is the best words describing for some one has loyal or diamond hands when holding bitcoin exactly some one talked by OP hold bitcoin since price $0.2 and strong waiting for holding until bitcoin price around $70k. Its hard to believing how come some one can hold bitcoin for longer time and not excited for selling after bitcoin pump hard exactly the holder raise thousand hundred profitable when bitcoin raise up drastically.

Seems is real the power of holding bitcoin, the same thing quote by CZ "If you can't hold, you won't be rich" and right now the holder of bitcoin purchase around 0.2$ have been millionaire but will keep hold waiting until bitcoin raise more than $100k or he will sell after looking bitcoin raise new all time high price.

Holding is key to get richer with Bitcoin as through 3 market cycles, the current one is the fourth, it has proven its strong survival through many bear markets and many bearish years, black swan events. In cryptocurrency market, you can not find any cryptocurrency that is stronger than Bitcoin in survival strength.

Regarding to case like this one, it's hard to say the owner actually planed to hold bitcoins or just forgot that wallet for a long time. Finally the owner succeeded to access that wallet again after many years. We only saw tip of iceberg and can not interpret it accurately as it actually is, just our guess.

About power of HODL, you can check some information in my thread.

• HODL bitcoins, you can do it! Look at HODL camp map to build up strong hands
• https://hodl.camp/

The power of hodling has been proven time and time again. As a matter of fact, it has been proven by so many individual experiences how it is a lot more profitable than trading. And it's easy, too. The easiest way to make profit out of Bitcoin is hodling.

But hodling only happens once you're thoroughly convinced of Bitcoin. I guess it follows a certain level of understanding, and consequently belief. Hodling might be too stressful to somebody who is in doubt with Bitcoin. He/she might not survive. It's easy to hodl in the sense that you don't do a thing, not an analysis, not a buy and sell order and stop loss, and so on, but it isn't easy in the sense that you need to keep hodling amidst bears and winters and corrections.

These bitcoins are from mining in 2010.

Links to look at it.
https://twitter.com/mononautical/status/1772770641093222907
https://mempool.space/tx/b6539dbafcc644a37d320ba572a593dbce7184d8d50ac03b67b9ab96802c5ed0

Do you know that @laszlo exchanged his bitcoins for pizza since May 2010?
Pizza for bitcoins?

Many people heard of Bitcoin in 2009, 2010 and tried to test Bitcoin mining for fun, with their laptops, PCs.

The man in your story is someone like this. I checked one of 50 BTC transactions, it is on August 2010.

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.

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.

Certainly, holding onto your coins for a long time without fully securing them could result in losing them. As a Bitcoin user, ensuring the security of your funds should be your top priority since you have control over them, not a third party. Utilizing cold storage methods such as hardware wallets or airgapped devices is the most effective way to achieve this and safeguard your funds.

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

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