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Topic: Wonder how many people can hold BTC for more than 3 years - page 16. (Read 4098 times)

hero member
Activity: 2604
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I think there is many people is hold their bitcoin for more than 3 years and now they can withdraw all of their bitcoin to make huge money. but if this is happen to me, I don't think that to sell all of my bitcoin is a good idea because I will hold the bigger amount bitcoin in my wallet and only selling if the price is increase higher. I will only sell for small part of bitcoin so I can buy something in my life and I can continue to survive in my real life and beside that I can use the money to save into my bank account.
sr. member
Activity: 700
Merit: 300

BTC was around $300 3 years ago.

Wonder how many people can hold BTC for more than 3 years and enjoy the amazing profit in this period Smiley
I think there's only a few who held Bitcoin with for that length of time. Only those who are much dedicated who truly believes to bitcoin, will be the most happy people at this moment that its market value is over 7300$ and is still continuous to.increase. It also shows how far Bitcoin grew withtin 3 years whih seemed to be so fast.
Feew? I disagree. You can find many people here who did just that. Most well known Bitcoin faces had coins stashed since 2012 or even earlier.
If you really want to know how many coins are being held you can look at the biggest Bitcoin wallets. They are listed online, so that's an easy job. Look how many of them weren't used for years. There were no incoming and outgoing transactions so people are holding! (or they lost their wallets and are in deep shit)

Indeed. The are so many crypto lovers on the forum itself who are smart enough to guess that bitcoin will rise in the future and they made the investment as early as 2012. Its most easiest thing to do but what comes across us is the emotional stress that we can't bear for long if we are not strong enough. That is where the panic crypto nerd comes to existence and all the things get messed up.

Those who were able to control that or those who just invested into it and forgot about the coins where the lucky one to grab that million dollar shot.

legendary
Activity: 1176
Merit: 1024
I think those who have 3 years holding bitcoin now they already have what they want like, cars, luxury homes, and vacation abroad. they have become rich, they have fun.
Without any doubt you can easily say they are more than millionaire in my country. If someone have bitcoins in last 3 years and now if he is selling then believe me there are more than luxuries for him in our country. And I often regret why we didn’t know about bitcoin in last 3-4 years. If we would have known about trading and investing and such huge profits, we are now enjoying luxuries too.
Depending on how well they bought in though, cause I remembered so many people complaining even 3 years ago that bitcoin was too expensive. For those who believed in bitcoin and bought at least like $1000 worth of bitcoin 3 years ago would most definitely be living some pretty good life today. With just some patience, we will all get there eventually and this year alone is enough to let everyone know that.
member
Activity: 336
Merit: 10
I guess it's not that hard to be able to maintain bitcoin for a long period especially of you know for sure that it's value will grow exponentially over time . It's like making an investment with 0 efforts , all you need to do is just wait and your funds will grow by themselves . Bitcoin is the currency of the future and sooner or later people will regret not onvesting in it .
Trees do not grow to the sky.
By what bitkoin is interesting except its growth giving the opportunity to earn? Practically nothing. Many altkoins are much better than it.
newbie
Activity: 42
Merit: 0
I guess it's not that hard to be able to maintain bitcoin for a long period especially of you know for sure that it's value will grow exponentially over time . It's like making an investment with 0 efforts , all you need to do is just wait and your funds will grow by themselves . Bitcoin is the currency of the future and sooner or later people will regret not onvesting in it .

At the very beginning it was impossible to forecast such an exponential growth, nothing was less clear than the future of bitcoin. So if you entered at let's say 1$ face value, when the price topped 350$ in 2013 you already pocketed a nice 350x upside. If you invested 1000$ at the beginning you turned to get 350000$ in you wallet few years later: that's a decent amount of money! You would certainly have used it to buy a house, stocks, a new car... it's hard to imagine you would have kept this volatile amount of money in you wallet given the uncertainty of the currency.
full member
Activity: 406
Merit: 156
I guess it's not that hard to be able to maintain bitcoin for a long period especially of you know for sure that it's value will grow exponentially over time . It's like making an investment with 0 efforts , all you need to do is just wait and your funds will grow by themselves . Bitcoin is the currency of the future and sooner or later people will regret not onvesting in it .
copper member
Activity: 658
Merit: 284
Of course. Most of the older members here started before 2013-14, and I bet some of them have been holding some since. I'm sure there are many out there too, and if you want a good read, or to relieve personal dreams/fantasies, here's a good article of how a kid bought many BTC at $10 each and became a millionaire. Smiley

https://www.cnbc.com/2017/06/20/bitcoin-millionaire-erik-finman-says-going-to-college-isnt-worth-it.html

Just hold them now and you wouldmay become one too after 3 years.
Buying bitcoins is the easy part but holding bitcoins for 3 years that is the hardest part.
To be frank not many people can do it. When you buy bitcoins you will be thinking about it everyday.
You will be struggling with your mind to sell whenever you hear negative news about bitcoin.
But if you can manage to save your bitcoin for at least a year then you'll double your investment no doubt.   
hero member
Activity: 2814
Merit: 911
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BTC was around $300 3 years ago.

Wonder how many people can hold BTC for more than 3 years and enjoy the amazing profit in this period
It is a complex answer,i had a good amount of coins which i purchased when the price was below $500 and usually when the price hits the $1000 mark we would see a correction and i made a good profit when it touched that mark and purchased around $800 and then sold everything when it touched $1800 thinking we would see another crash and it never happened. Undecided
hero member
Activity: 2170
Merit: 528
BTC was around $300 3 years ago.

Wonder how many people can hold BTC for more than 3 years and enjoy the amazing profit in this period Smiley
I think there's only a few who held Bitcoin with for that length of time. Only those who are much dedicated who truly believes to bitcoin, will be the most happy people at this moment that its market value is over 7300$ and is still continuous to.increase. It also shows how far Bitcoin grew withtin 3 years whih seemed to be so fast.
Feew? I disagree. You can find many people here who did just that. Most well known Bitcoin faces had coins stashed since 2012 or even earlier.
If you really want to know how many coins are being held you can look at the biggest Bitcoin wallets. They are listed online, so that's an easy job. Look how many of them weren't used for years. There were no incoming and outgoing transactions so people are holding! (or they lost their wallets and are in deep shit)
full member
Activity: 429
Merit: 100
BTC was around $300 3 years ago.

Wonder how many people can hold BTC for more than 3 years and enjoy the amazing profit in this period Smiley
I think there's only a few who held Bitcoin with for that length of time. Only those who are much dedicated who truly believes to bitcoin, will be the most happy people at this moment that its market value is over 7300$ and is still continuous to.increase. It also shows how far Bitcoin grew withtin 3 years whih seemed to be so fast.
hero member
Activity: 2912
Merit: 613
I may be wrong but I guess that many early birds had their BTC stored at MtGox, which was the main exchange at the time. I remember myself wondering whether I should buy or not some bitcoins in 2012, when its value was around 5$. I would have bought them through MtGox and would have lost a potentially huge profit... so I figure out lots of early holders sold or lost their BTC before skyrocketing

Lucky you, I haven't even heard of Bitcoin before the Mt. Gox crash. In a few days it's going to be 3 years since I've registered here and around that time I've made my first bitcoin purchase. I still have some of the coins I bought back then, so 3 years here I come! Cool
As for the Gox victims it's still possible for them to be rich one day because there's a significant amount of coins being held by the authorities who are still figuring out how to redistribute them. I'm pretty sure if they even gave people 10% of what they used to have on Gox, it would still be worth more more in USD than what they had lost.
well holding btc is really hard specially in everydaya  life because we as human we have our needs  and we know that bitcoin can help us in our needs .i think if there where be a person who can hold btc they are only few and they have a verry big patience because if people dont have  patience they can really hold for a long time.
Right.There are only few people who can really hold btc for more than 3 years since is it is very in demand right now particularly its price who keeps on increasing every now and then.I believe those people have already enough funds for their daily needs so they won't be able to spend anymore their bitcoins and will just hold it for that long.That's really a good idea for safekeeping but we can really deny the fact that most of the time we are always in need of money.
hero member
Activity: 1139
Merit: 500
I may be wrong but I guess that many early birds had their BTC stored at MtGox, which was the main exchange at the time. I remember myself wondering whether I should buy or not some bitcoins in 2012, when its value was around 5$. I would have bought them through MtGox and would have lost a potentially huge profit... so I figure out lots of early holders sold or lost their BTC before skyrocketing

Lucky you, I haven't even heard of Bitcoin before the Mt. Gox crash. In a few days it's going to be 3 years since I've registered here and around that time I've made my first bitcoin purchase. I still have some of the coins I bought back then, so 3 years here I come! Cool
As for the Gox victims it's still possible for them to be rich one day because there's a significant amount of coins being held by the authorities who are still figuring out how to redistribute them. I'm pretty sure if they even gave people 10% of what they used to have on Gox, it would still be worth more more in USD than what they had lost.
well holding btc is really hard specially in everydaya  life because we as human we have our needs  and we know that bitcoin can help us in our needs .i think if there where be a person who can hold btc they are only few and they have a verry big patience because if people dont have  patience they can really hold for a long time.
legendary
Activity: 2296
Merit: 1335
Don't let others control your BTC -> self custody
I may be wrong but I guess that many early birds had their BTC stored at MtGox, which was the main exchange at the time. I remember myself wondering whether I should buy or not some bitcoins in 2012, when its value was around 5$. I would have bought them through MtGox and would have lost a potentially huge profit... so I figure out lots of early holders sold or lost their BTC before skyrocketing

Lucky you, I haven't even heard of Bitcoin before the Mt. Gox crash. In a few days it's going to be 3 years since I've registered here and around that time I've made my first bitcoin purchase. I still have some of the coins I bought back then, so 3 years here I come! Cool
As for the Gox victims it's still possible for them to be rich one day because there's a significant amount of coins being held by the authorities who are still figuring out how to redistribute them. I'm pretty sure if they even gave people 10% of what they used to have on Gox, it would still be worth more more in USD than what they had lost.
newbie
Activity: 42
Merit: 0
I may be wrong but I guess that many early birds had their BTC stored at MtGox, which was the main exchange at the time. I remember myself wondering whether I should buy or not some bitcoins in 2012, when its value was around 5$. I would have bought them through MtGox and would have lost a potentially huge profit... so I figure out lots of early holders sold or lost their BTC before skyrocketing
member
Activity: 336
Merit: 10
I think there are a couple of people that could hold BTC for more than 3 years because the people I know who are into Bitcoins hold their btc's even more than 5 years and are still holding on to them up until now. So the answer would be a lot! Imagine how many people now are holding bitcoins, hopefully it will be enough for circulation too.
I'd already cashed half of the bitcoins. We do not know what will happen in the future. Technologically, most alcoins overtook bitcoin. Perhaps we are seeing the last peaks on it.
sr. member
Activity: 700
Merit: 250
I think there are a couple of people that could hold BTC for more than 3 years because the people I know who are into Bitcoins hold their btc's even more than 5 years and are still holding on to them up until now. So the answer would be a lot! Imagine how many people now are holding bitcoins, hopefully it will be enough for circulation too.
sr. member
Activity: 630
Merit: 256
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There are many people who have kept preference/equity shares of Microsoft, Infosys, Reliance since their incorporation. Same policy is followed by some wise investors, who are holding bitcoins since its origin. Now this outstanding price rise of bitcoin from $0 to $7324 has opened eyes of many, they are having sleepless nights. Some are worried by fear of  protecting this huge asset.  Huh
hero member
Activity: 1092
Merit: 523
i plan on holding what little bits i have now for the future because when i first found bitcoins they were in the 200-250 range, and sadly i am not smart enuff to trade and make money at it
Well, Shit happens and most of us were there. I wished I had listen to my instincts to buy lots of bitcoin back in 2009/2010 when I was hearing some little info here and there about it but at that point I was just too tired of getting to do with online investments and then here we are.

I still do not regret it, cause that is the way life works, I am happy I utilized the few opportunities I have had in the past few years and the ones I am still utilizing now, knowing there is still so much possibilities of huge growth for it in the future.
full member
Activity: 392
Merit: 100
BTC was around $300 3 years ago.

Wonder how many people can hold BTC for more than 3 years and enjoy the amazing profit in this period Smiley

There are a lot pf people have that lind of patience to hold that bitcoins for so long, and those people have a stable income aside from bitcoins because if they didn't have that, they will probably need that money so they cannot hold it for that long. And those people really have a lot of faith in bitcoins, they really believe that bitcoins can go this far and their faith and patience led them into this success. I know some people who became a millionaire by simply holding their bitcoins.
hero member
Activity: 1092
Merit: 501
BTC was around $300 3 years ago.

Wonder how many people can hold BTC for more than 3 years and enjoy the amazing profit in this period Smiley

I can't really assume how many people that is holding Bitcoin for that long 3 years, because even me when I see Bitcoin was doubled its price I have a high percentage in mind that I would like to sell my Bitcoin already because I got 200% profit with my initial investment. I think most people that holds that long for Bitcoin is the one that is rich enough to make it is a hobby of holding long term investments with Bitcoin and those people that really forgets that they have a good amount of Bitcoin back then and suddenly sees the current pruce of Bitcoin.
You do not have to be rich in order to hold for that long, you just need  discipline, I have not held for that long only for something close to a year but I’m planning to hold for a very long time because I know that bitcoin is going to be my ticket to a better life, I will not become rich with it but my life is going to improve dramatically if I keep holding and bitcoin keeps going up in value.
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