Whenever bitcoin price skyrocket, rise over $500 or $1000 within few months, most people tend to sell bitcoin due to 2 reasons;
- time to extract profit
- fear of missing out
It's inevitable for people which intrigue by the higher price of bitcoin, especially whoever buy it in the dip.
I can't hold btc for more than 3 years obviously, I prefer to sell it at the peak or in case I need cash.
But, prefer to sell bitcoin partially, not all at once.
Topic: Wonder how many people can hold BTC for more than 3 years - page 21. (Read 4098 times)
Well if you'd give me a bitcoin, yeah, I can hold on to that for 3 years. I got it for free anyway. People only get scared and sell if they didn't buy it during a plunge. They worry that if they don't sell during a spike, they might lose money. It would take a lot to destroy bitcoin permanently now.
Let is calculate and predict the bitcoin price in the upcoming three years. You said the bitcoin price was 300$ three years ago. And now, it is around 6000$. In three years, it has risen by 5700$. So if we multiply 5700$ with 3, we will get 17100$. That will be the price of bitcoin in three years.
It is just a prediction based on the movement of bitcoin in three years. Nothing is true. But I strongly believe it will go beyond that price and reach 20k$.
This is just speculation you are not including any barriers to now only country to ban is china there are rumours again they will resume trading again but what guarantee is there that in future no other country will go against btc.It is just a prediction based on the movement of bitcoin in three years. Nothing is true. But I strongly believe it will go beyond that price and reach 20k$.
Well, if they bought em for around $15 each, I don't think they would have a hard time holding on to them. They can just take out some every now and then and keep most of it. Even if prices crashes anyway, it's not like they'd lose much considering how dead cheap they bought their bitcoins.
Oh boy $15 each that's a pretty dope rate many early investors had sold most of their hold but cheers to you for still holding on.BTC was around $300 3 years ago.
Wonder how many people can hold BTC for more than 3 years and enjoy the amazing profit in this period
Wonder how many people can hold BTC for more than 3 years and enjoy the amazing profit in this period
It is not necessary to hold for 3 years to make that much profit. Alternatively, one can do smart trading. Buying low and then selling high. In this way, person can make much more profit than 20x in such long period as of 3 years.
I am doing something similar from last 10-15 months and able to make much more profits than what I would have made if simply hold the Bitcoins.
I purchased by first mBTCs in 2014. And I am holding a part of them ever since (it is a little bit complex, as most of my Bitcoin earnings came from signature and bounty campaigns). But between 2014 and 2017, I was forced to sell a lot of my coins, and most of the time at extremely low prices. But then, I was not financially very sound and there were hardly any other options.
if we are refereing this to the number of forum members here since the beginning i'm sure the older member and the earlier adaptors are the sure holder of btc because they already know how it works and how importance is the bitcoin and its blockchain. thru thick and thin die hard bitcoin supporter and long term holders are proved to be the next billionaires.
Let is calculate and predict the bitcoin price in the upcoming three years. You said the bitcoin price was 300$ three years ago. And now, it is around 6000$. In three years, it has risen by 5700$. So if we multiply 5700$ with 3, we will get 17100$. That will be the price of bitcoin in three years.
It is just a prediction based on the movement of bitcoin in three years. Nothing is true. But I strongly believe it will go beyond that price and reach 20k$.
This is an interesting calculation.It is just a prediction based on the movement of bitcoin in three years. Nothing is true. But I strongly believe it will go beyond that price and reach 20k$.
But in the last 3 years, we have a lot of bad news about bitcoin exchanges plugged in at market prices.
If in the next 3 years news about bitcoin shows that positive things, then this calculation we duplicate to X5
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
If I would have had money to invest in bitcoin I would have kept my bitcoin in the wallet until now. The problem is that I dont have money to invest in anything so everytime I get some bitcoins in my wallet I exchange it for fiat.Wonder how many people can hold BTC for more than 3 years and enjoy the amazing profit in this period
It is pretty hard to keep bitcoin when you see that the price is going up so much because you are afraid of not losing it. But there is no reasons to worry. The price will go up in next 5 years.
Well, if they bought em for around $15 each, I don't think they would have a hard time holding on to them. They can just take out some every now and then and keep most of it. Even if prices crashes anyway, it's not like they'd lose much considering how dead cheap they bought their bitcoins.
That might be true, but some people, well, just like me, always seeing the price of bitcoin after buying some, and always have a thinking of selling it when pumps occur, and it seem that holding for more than 3 yearsfrom my perspective, kinda hard to do.
Pretty sure that most of those people who ended up being millionaire from bitcoin are just don't care about their bitcoin, let it be, and magic pop out, the price increasing so signficantly, while im here, always monitoring the price 24/7
There is so many people having the possibility to hold bitcoin for more than 3 years. Already there are already few people started holding since 2011 and they keep their bitcoins until now despite the price rising.
This people believe in bitcoin as the currency of their future, so they hold it for years.
This people believe in bitcoin as the currency of their future, so they hold it for years.
Let is calculate and predict the bitcoin price in the upcoming three years. You said the bitcoin price was 300$ three years ago. And now, it is around 6000$. In three years, it has risen by 5700$. So if we multiply 5700$ with 3, we will get 17100$. That will be the price of bitcoin in three years.
It is just a prediction based on the movement of bitcoin in three years. Nothing is true. But I strongly believe it will go beyond that price and reach 20k$.
It is just a prediction based on the movement of bitcoin in three years. Nothing is true. But I strongly believe it will go beyond that price and reach 20k$.
Well, if they bought em for around $15 each, I don't think they would have a hard time holding on to them. They can just take out some every now and then and keep most of it. Even if prices crashes anyway, it's not like they'd lose much considering how dead cheap they bought their bitcoins.
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
I for one will be incapable for holding bitcoins fr that long but i have recently made up my mind to start holding bitcoins for the foreseeable future because i see that i have missed some good opportunity by not saving but rather spending my BTC. Wonder how many people can hold BTC for more than 3 years and enjoy the amazing profit in this period
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
Wonder how many people can hold BTC for more than 3 years and enjoy the amazing profit in this period
It is not necessary to hold for 3 years to make that much profit. Alternatively, one can do smart trading. Buying low and then selling high. In this way, person can make much more profit than 20x in such long period as of 3 years.
I am doing something similar from last 10-15 months and able to make much more profits than what I would have made if simply hold the Bitcoins.
It is actually so, so hard to hold onto Bitcoin. It is too tempting to trade it and unfortunately for a lot of people they end up losing a lot, or all of their money!
People with stable day jobs, who are earning Bitcoins as an extra income can surely avail this opportunity and keep their coins for a that long period, but people like me, who don't have any job (maybe a student which is my case, or any other reason) and bitcoin is their only way of earning money can't possibly hold all their coins as they need to spend them too. But still, i always try to keep a part of my income safe so if the price goes higher, i can also get some profit out of it, and so far, it has always worked for me. Despite spending most of my coins, i still have money and that is because i never spent them all and they kept increasing in size because of the price.
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
Well, I believe there are so many people who hold there Bitcoin more than three years that are here in this forum but they will not tell the story because nobody would want to expose what he or she worth in Bitcoin and since when they started holding there Bitcoin. Wonder how many people can hold BTC for more than 3 years and enjoy the amazing profit in this period
I dont think the majority of coin holders before 2013 still have the entirety of thier coins. Most people i know sold their entire holding during the $1-$1.2k phase in 2013-14. BUtif anyone has held on until now, they must be thanking their past selves for not selling impulsively.
There are still more people who bought bitcoins much earlier when its price was much less and they still hold bitcoins.Now,they enjoy huge benefits.But they have trusted in bitcoin when most of people were raising doubts about it and just terming as a fraud or ponzi scheme.
They have bought as well as held bitcoins for more years without getting panic and just avoiding FUD.So,they deserve to enjoy huge benefits.
But the percentage of those who had sold their bitcoins earlier and now regret is very high than the long holders.
They have bought as well as held bitcoins for more years without getting panic and just avoiding FUD.So,they deserve to enjoy huge benefits.
But the percentage of those who had sold their bitcoins earlier and now regret is very high than the long holders.
Imho you should either forget your password or loose your private key to hold bitcoin for so long. I know a bunch of prople that sold almost all their BTC when it was around 500$. If you've already seen 10x growth it is mentally hard to belive that it will grow 20 times more for the next years. The only thing that I find helpfull is not visiting this forum or any other crypto related websites, such things totaly distract from the final goal.
Wrong. I am an example of someone that didn't need to lose their password or private key (why would you do that willingly anyway, you can use locktime to lock your funds for X amount of time if you can't control yourself).
I was able to control the temptation to get my BTC out and spend them on whatever, I resisted and believed in my vision and on the big picture and now im comfortably up with a margin so big that I can sleep well at night because I know it will never go as low as my entry point, I just have to keep holding long term and i may be able to retire comfortably in the next decade, I just need to keep my head cold and focused and keep living frugally.
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
There are many users who were believing in the bitcoin and were well prepared to hold the bitcoin for long time. At that time bitcoin was actually gaining first serious traction after the mount gox incident. When it reached to the 600 dollars barrier these people became more and more serious. In fact people who invested at 500+ dollars mark were prepared to hold the coins with more determination. And soon same was proved when it reached 800 dollars and then crossed 1000 dollars. At this time people started to pull money they invested and kept pure profit that is half of coins they were holding. And there were who kept purchasing coins after coins as they managed.Wonder how many people can hold BTC for more than 3 years and enjoy the amazing profit in this period
These are the same people who are enjoying the status of millionaires in some countries. Emerging countries like Japan which is showing one of largest amount of bitcoin trade is also showing holding bitcoin for long time.
Jump to: