Bitcoin Forum

One of those successful cases of bitcoin hodling was a friend of a friend. They (a couple) took an important risk by investing 60k of a dismissal compensation into bitcoin and making a x100 on it before selling half. I do not know what they did with the rest. Now, these people were not rich, they took an enormous risk compared to their total wealth. They had to really believe on the project and pass though some of bitcoins usual "tests of faith".

For someone with let´s say, a net worth of 1M USD or more plus house, hodling 60k until they became 6M would have been not that much of an stress. Do you think it was easier to benefit economically from bitcoin if you were already a bit up in the ladder?

No, I do not think how rich one is plays a part besides giving them more amounts to invest in. How easy it is to hodl depends on wise investments;
• Same way someone with a $1 million networth can invest $60k with not stress,
• Someone with a $100k networth can invest $6k and,
• Someone with a $10k networth can invest $600.

Same percentage of their networth invested and presumably same ease of holding, if that the reasonable amount they are willing to spare. If $600 did ×100 like in the example you gave, that's a return of $6,000, which is a very significant amount.
The important thing is not to see Bitcoin as a get rich quick scheme if you view it as an investment; invest amounts you can afford to lose and find other means of generating wealth.

As Henry George (American Economist) once pointed out:
This goes to say that whenever you aim for something that you wish deeply (for example having a well paid job) once you get that well paid job you'll have lots of joy and hapiness in the first months, perhaps in the first years ... But after a while you'll get used to that well paying job and you'll want more because that one doesn't satisfy your needs for now - This shows the nature of man and it's continuos quest to never be satisfied with what it has and to "consume" itself to pursue their desires until they reach them , only for pursuing bigger ones once they got used to it. As a side note Budism basically tries to "counter" this urge with their concept of Nirvana[2] (a very brief and short description):
This small introduction was only made to sustain my answer to your question OP : I think that no matter wealth that one has, one will always want to have more of it - and our own desire will make us search for a constant feeling of accomplishment/joy followed by adaptation of those same feelings.
As a closing remark I think that if we were all millionaires perhaps what would change would be the investment size that we would make (it would also depend on how much we trust BTC as well) - I would say that perhaps instead of buying 100, 200, 300 USD of BTC they would go for 5K, 10K, 15K ... While holding for the amount of time that they believed their investment would pay off - after all, we are talking about millionaires and bilionaires, I'm sure they are fully aware how can they actually grow their fortune  ;D

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[1]https://www.brainyquote.com/quotes/henry_george_3911908 (https://www.brainyquote.com/quotes/henry_george_3911908)
[2]https://www.infoplease.com/encyclopedia/religion/eastern/buddhism/nirvana (https://www.infoplease.com/encyclopedia/religion/eastern/buddhism/nirvana)

There are probably a lot of people already doing this imo. It doesn't matter how wealthy you are though really, I'd much rather look at how - if a loss is made - easy it'd be to get the funds back too...

Diversification has always been said to be a leader, especially if the things you're diversifying in are quite well hyped. Higher net worths probably have access to more fixed income streams too.

Most wealthy people don't know how to adapt to these sorts of things also ($1m is probably the low end of being wealthy too in a lot of places - you probably won't get a house in a "nice" area for that).

"Is it easier to HODL if you are already rich?"

Yes.

Or if you are at least financially stable.

It is.

Because you're not needing those money that have been put into bitcoin unless you really want to sell them and you're in need. But since you're rich, you are in a rush and you're willing to wait until the value of your investment in bitcoin bears fruit.

I'm not rich but I'm totally fine waiting until my holdings goes to a certain high.

The amount you are using as an example are even high for an average person.
One of the reasons why I didn't made much in the just last ended bull run was because I was inpatient. I was doing that not because I didn't knows that there may be higher chances of going upper but due to the fact that I was broke and I needed money to fund my self. So, I sell at every small I see in the market but on doing them, I get to realise that to enjoy Cryptocurrency, you gave to hold continuously until when it's so pump before one can think of selling them.
I'm into that journey right now. I have some coins I'm willing to sacrifice for long term.

I think that purchasing Bitcoin is not considered a risky investment nowadays, so your friends came to the right conclusion when buying very cheap coins in the early times. In my opinion, $60K is a significant amount of money. To make a x100 profit, they most likely bought BTC in at least 2016.

This is a good example of how smart people get richer by investing in Bitcoin. They were strong-willed persons and easily held coins over the years, so they finally achieved their economic goals.



Who knows, maybe your friends are still holding the rest coins. My guess is that they will slowly sell their BTC on demand. This would be a wise financial strategy.

Is it the same though?
From your own example: I think, many would agree that a person that invests $60k has much more motivation to do so as compared to the one that can only afford $600. Before the latter, a question arises: is it even worth it? While for the first one it certainly is.

And about the % of net worth, it sounds logical, but when it comes to real life the things are somewhat different. The thing is, that $600 to a person with $10k can mean a lot more than $60k to a person with $1 million. Why?

Ask yourself, what will the poor one lose in case the investment is unsuccessful? It can be a monthly rent or a very long desired vacation. What will the rich one lose? Maybe wouldn’t buy that 20th car or a yacht, I’m sure one can survive that :D

It is a way I guess on how we encourage ourselves and have to consider investing in Bitcoin is just the same saving money in the banks. Rich people do and poor people can do as well if they want to. That really became a test of faith for the poor people but as I've said, it doesn't matter if we are willing to face the consequences and have to think of a better life in the future with the help of Bitcoin.
What IF, What IF...it all just a matter of how entrusted Bitcoin and holding will seems to be easy.

when you have more money or a stable income then you don't need to sell your coins for your daily needs.  i'm one of those people who are lucky enough to have a stable income so i don't have to sell the crypto assets that i hold.  but those who are not rich enough can also benefit from long term investments if they believe in what they are investing in.

It is an easy thing for the rich to hold, because the investment is from the amount they've made excess meeting all the needs. They'll be having separate funds for emergency and other miscellaneous needs.

With the middle class, they sacrifice something or limit themselves to make an investment. At times on emergency or urgent need they're in a situation to withdraw funds from the investment/long term holding. This is the reason why rich feel comfortable in holding and has the mind to risk big.

Easy to hold for the rich they have no shortage of money they make money by investing and also have sources of income from other sites so it is easy for them to hold on but for the traders who earn by trading in the market every day long term hold is very profitable. As the value of currencies increases to keep them longer it helps them to become richer their capital is much less, small capital makes them feel comfortable.

That is the case with all the investment options, and not just with Bitcoin. Let's not forget the fact that close to half of the world's population doesn't have any significant savings, because they can't afford to save from their earnings. And for those who can afford to save, if the fund availability is low, then the preference is always for low-risk assets (bank deposits treasury bonds and bullion). The golden rule with cryptocurrency is that you should invest only as much as you can afford to lose. And for the poor people, unfortunately they can't afford to lose even a penny from their savings.

The rich generally want to get richer. This makes them want to risk some of their funds. Being rich in the first place simply makes them risk more. I do not think it helps you hodl

Agree mostly those people can afford the money to lose unlike to us we do have a money but if it will get lose then we are dead because that is all of our money which mostly people said that "invest what you can afford to lose" so we could invest only gain small amount of profit unlike those rich that they can easily do a capital with a large amount of money and also gain profits thats why rich are getting richer because they do have source unlike to those unwealthy that will grind for a long period of time.

I think if the thread had a poll, it would have won overwhelmingly the "yes" option. The case told by the OP is not the norm. People who don't have a lot of money tend to sell as their investment goes up. It is difficult to hold on and not sell for profit because you expect it to go up more in the future if you are not rich. What if it goes down? What if it doesn't go as you expect? You can sell now and enjoy the money.

On the other hand, someone who is rich, as he does not risk so much in relation to his fortune, it is easier to hold on. If he comes from a rich family or has financial education even more, because he knows that premium assets are not sold. You make more money by holding.

If you already have a lot of money and want to invest, that will not be a problem for you to hold your investment until the investment can profit. But common people will not think like that because if they still need to struggle to fill their daily needs, they will not think about the investment (although they really want to have that investment).

But those people can start an investment as long as they can manage their money and have a list of what they need to buy and see how much money they still hold monthly. After that, they can start to invest based on their capability.

Those common people will also think about the risk before they invest because if they know how much money they should use to have the investment, they will know to manage their money.

Taking risks is of difference levels mate, some people don't wait to get rich before they can take risks, I have a friend whom net worth isn't up to 3000$ but he bought some stratis coin on 2017 and by January 2018 he became a millionaire, we are in crypto space a haven where anything is possible, even those that invested in crap/shitcoins still made millions

Rich people are more likely to insist on holding, their wealth is enough to allow them to bear the risk of market fluctuations, do not have to worry about selling to meet daily needs. And holding Bitcoin for a long time will make them richer.
For ordinary people, they will limit their investment and have to consider investment risks. When the price of Bitcoin drops, they will choose to sell to ensure the funds needed for daily life.

Subjective and I feel it is more of a personal test of faith than a point of whether one is economically content.

I would like to point out something else though,

Say someone got money from some "illegal" source, some that they would better not talk about and they did not work hard to earn that. It is a normal human emotion to not be attached to that money much. So if that money would be used in investing, say bitcoin, whether they would want to hold that till profits arrive or sell it even at loss would not matter much as a decision.

But for someone who has toiled long hours to get their pay, they would think twice before investing and think more than that when they are holding about not selling at a loss.

I am not saying that one who is rich has a lot of tainted money though. But when you have money that you did not earn by the sweat of your brow, you will be less attached to it.

Yes its easy to hold if you're already rich because money is not a problem. I mean, you wont get to a point wherein you're struggling financially and need to pull out your investment since its already needed. In short rich people can hold longer without worries and just waiting for their target price before they sell.

Unlike for some of us who really hope the price will skyrocket because we are relying with the profit that we might get for holding and can help to improve the way we live our lives. Unfortunately if there's an emergency that happened there's no choice but to sell regardless if you already profit or selling at loss.

Thats the difference between the rich and an average hodler when they invest in crypto.

Everything is individual. A lot depends from how to determine rich. Person can be rich if he has $1m on his bank account. Or a person can be rich if he has a lot of property. Property must be maintained - that are expenses already, so you can just sit, wait and hold.

Actually, there will no big difference between rich man holding or less rich (or I would better say regular) man holding. Rich people simply have a feeling of a stability in tomorrows day, but regular person never invest everything he has and hold it. If a rich person can invest $100k and hold it, regular person would invest $1k and worry less about chances of price drop.

This is indeed the case. If you are rich, it is easier to hold it for a long time. You don't need to buy and sell coins often to make a profit. They will invest in various long-term assets to get profits. They will have greater courage to take greater risks. Ordinary people will consider which currency will rise faster when investing, and should not invest too much. Because we want to maintain daily consumption.

I don't think rich is the word, it's more of like you are diversified because I as an example can hodl my bitcoin for how long I want because I have other ways to make money to use for expenses for daily needs like food and hygiene products. Of course rich has an edge better than anyone but it gives the wrong impression that only the rich can do the hodling.

A financially stable person has almost zero worries. They can invest their money with little to no risk into things that will eventually generate profit. As compared to a person living paycheck after check, 1 loss in investment will lead to a sufferable amount of consequences such as no payment of utility bills, no food, etc.

It is much easier to invest if you have a pile of money.  ;)

Yeah, no doubt. I believe these financially stable ones have savings good to invest without worrying of a sure loss. They could forget they invest and hold it for years without a problem compare to those who's not having much money where you always check the price if its going up and panicking already if its going down. Its also hard to get funds for your investment if you are in a lower class family and think for food instead of preparing for the future.

More precisely doing nothing with a new investment is really hard, I find it very funny when many of my friends share that they will target some coin and wait for the price to rise, but they have a problem psychological control is not good so it fluctuates, and they always realize they are wrong because they never act but what they want. The action here is to do nothing about it.

Nice point! People who live from day to day can't allow themselves to hold anything valuable... simply, you need to eat every day, you have to pay bills every week/month... and when you are always short on money how can you think about putting something on a side?

So rich people, who are financially stable, don't worry about basic needs, and they can afford to put some money in this and that, and simply to wait for the future to come. Like always, a nice bankroll is an advantage! That was like that before, and will be like that in the future!

Yes, it is easier to hold when you are rich even buying more coins would not be a problem due to the availability of funds. An average person or investor would have to plan well and look into the risks and time in which it will take to get quick profit so that the market will not later go against them. It is obvious that the rich are not always borded about the fluctuation in price because they have a prospect and have atime the market and set the level in price where they will take their profits.

The rich are well relax when buying Bitcoin because it's always in large amount, giving more significant profits after small move of orice. They are not emotionally borded about the market reaction compared to average traders that are always tensed doing market uncertainty. The y rich have everything it takes to make more profits in the market, having more sophisticated tools that are quick to analyze market direction.

Hold is for the rich makes me laugh 😂😂 if this is all I had in my brain in 2017 I wouldn't have make it this far, I had nothing and yet I still hold my ETH and BTC, I have so many around me discouraging me to sell because crypto is a failure but I'm glad I never listened, I survived didn't I?

Of course it's easier to hodl when you are rich, you don't have any worries if your capital is experiencing loss and the market is going down since you have other ways to make money or you just have a lot of money in the first place. Although I feel like it's not only the rich can do that because I know some people that didn't come from a regal background but they can hodl like a madman. Probably sheer will and patience is what's different between a rich hodler and a poor one.

Yes it is since the simple explation with that is if you are rich you are capable to buy and hold things since you csn cover up your losses if bear market occurs also you have money to flip up if certain things goes on your way. Compare to  a person who only have small amount on their wallets they go bet all they have and wait for certain good market movements and once they earn they try to make their capital became more bigger and also if they lose they lose everything they have and comeback to play next time if they already saved some money and spend it on either on other forms of investment or hodling bitcoins.

I dont think when you step ahead then you will be easier get a rich, because when you take one big risk choice that means you bet for ur own achievement for a whole life. Sometimes, It will be easier to achieve than you keep something that you have. There are some cases when new rich people acted so arrogant than invested without knowledge and research, the result was really bad for their wealth

We can say holding onto investment for long period is much easier if you have deep pockets and you can back up your financial status without compromising your necessities.Rich people build their portfolio like in Bitcoin with million dollars and still left with huge sum of money with them and when prices go down they might also fear it but still can hold knowing they have extra funds with them.But risk is what makes them reach that level as many entrepreneur were not basically rich from the start.Like Warren Buffett was having net worth of $20k by the age of 21 and by 30 he was millionaire by making good investment and now his company share Berkshire Hathaway is most expensive trading stock in global market.He has said that he still holds his early share like coca-cola Worth billion dollars now just because he was patient enough to hold them.Same goes with us also and we need to have that much holding level if we have invested in BTC no matter how rich or middle class you are as adjustment needs to be done to enjoy our life later on.

I agree with this that crypto space is different from others...

it means that everyone has the opportunity to get rich from crypto that when they only have a little wealth because all they need is faith and also a strong hand on the assets they buy. but those who are rich are unlikely to sell the coins they hold to buy food, this is the only thing I think that makes a difference to the poor.

It's really not about the person's total net worth that makes them want to hodl a position or not for long until they achieve their aim. It's about not allowing anxiety get in the way of one's judgment. Your friend's friends were able to block anxiety from getting to them until they achieved their target of ROI. Though they negated the principle of "Only invest money you're ready to lose." However, if they had narrowly missed their target, we would be talking about greed here. So, there's always a thin line to decisions we take between wisdom and foolishness.

I think that when we are rich or still living as usual, it is the same as when we become a hodling, we need extra patience and not to be tempted by prices when there is an increase before our target price.
but what makes the difference here is that when someone is already living with wealth we will be calmer in holding an asset because we are burdened with our needs in life because the money we invest and hold is money that is unlikely to be used for a long time. In contrast to people whose economy is not yet stable, of course they will be more concerned with their lives and think about the costs of living necessities such as food and other facilities so that they will be uncertain whether to continue hodling or the money invested will be completed and used for their daily needs.

If we're being realistic, regardless of how much is your net worth, even though you are a billionaire, it is not logical to hold $60k and wait until it becomes $6m specially with the current price of bitcoin. It may really give you some advantage if ever you are one of those who are up in the ladder but still you should be strategic so that you can expand your wealth even more. Risks are for everyone here in crypto, even the wealthiest still feel regret whenever they fail with their investment because their goal is to keep on progressing and not to settle on what they have even others would see it as too much already.

It is partially easier
Why did I say that?

I would say that because at least they don't bother with the financial problem once they need urgent money immediately because of this investment. But stuff like profit, potential invest etc are what they are looking for when HODLing cryptocurrency. They are not trying to look for income but they are trying to save it for the better future and having secondary backup investment is good.

You can easily sleep at night if you invest only what you can afford in crypto, it has nothing to do too been rich, this is why rich men always called poor people greedy people, they don't want to take risks and they want to grow, assuming you are poor and still have 1000$ just invest 100$ into crypto, you don't have to be rich with millions before you can invest

In my opinion, if you are rich, holding BTC for the long term seems easier than the average person, because rich people have financial balance and don't need to use it for a long time, while others have an average standard of living they will always be afraid when prices drop or every time prices go up they will sell to cover all living expenses.

True, the rich always have spare savings that can be used for long-term investments. Rich people always have more money to invest and never find it difficult when they have to buy daily food, and other daily necessities of life.

Using wealth wisely, of course, can make someone richer again and again. Good financial management can create opportunities to get better passive income. Highly volatile cryptocurrency investments, are suitable investments for the rich who never feel lost when their assets are lost.

rich have an advantage because they can buy more coins and maybe hodl it a little longer than the poor because they have money to spend outside but there would be rich that spends like crazy either in gambling or other addictive activities and they could not wait for their investment to grow big but they will pull out their money .
 some poor investor can be better at hodling because they are hoping to change their live thru it .

I think rich people can hodl easy because they have lots of money that they can spend on other needs and they can spare more money on for hodl. If I am rich then I will surely hodl that amount of money to bitcoin and doesn't have a problem about financial for daily needs. Everyone have their own desires, desires and opinions.

My thoughts on this is that if actually the investor follows the rule of thumb of "investing only what they can afford to lose" and that is by extension funds they can leave on the network without it affecting their daily life or their basic needs, then if that's the case being rich or not doesn't matter even in the slightest bit.

I say so cause quite a lot of people pull out when they face challenges IRL and they are completely out of funds, they fall back to the stash in their wallet, another reason is if the price starts to slowly depreciate; it is on that basis I believe if the user invested paying close attention to the axiom above, they would find it easier to hold, notwithstanding their wealth status.

No, I don't think that's going to be easy since that amount of hodlings was too big to handle and you might not be capable to manage your stress. However, if you're rich already you don't rely only on that holdings just to use if for your family needs. Unlike the poor trader who doesn't have any other liabilities, I guess their anxiety could trigger them panic once price saturates during fluctuations.

Rich or poor doesn't determine how easy you hold a crypto coin. There is no strong correlation between someone's economic level and holding. Holding is often easier if you use only the extra money for buying the coins you are holding. If you use your daily funds to buy the coins, you are absolutely to have many problems holding them. So, make sure you don't force yourself to invest, just invest after you have funds that you afford to lose.

Cant really deny that that being rich would always be having the advantage when it comes to investment.You wont really be bothering yourself on taking up profits no matter how long you've been waiting
and since you do have still money to spare in terms of needs and expenses then stress is something that  can really be seen on someone being rich already but for  those who are just average earners or
status in life then they would really be mindful on every movement on where their investment would able to do so because that means profit and would surely count and might really be
withdrawn actively if they wanted to do so but most of the time they would really be doing it.

It would definitely be easier for those with more capital to hold their coins, despite all the technical aspects that take place in the markets at the end of the day markets are made up of people and we know that our emotions play a big role in almost everything we do.

Newbies have problems holding their coins not only because they do not really have a lot of knowledge about the markets and are for the most part just speculating with the price, they have problems because any entry point they choose to buy means that even the smallest drop in the price will give them losses, while those that have held their coins for long and have a great fortune already have no problem holding their coins as even a huge crash will mean nothing to them as they will still have huge profits in that scenario.

What he means is that it is easier for the wealthy to hold because they have a lot of money, which means they have a lot of spare money, whereas for the poor, it takes a lot of self-discipline and saving just to buy that coin and hold it, which is extremely difficult and time consuming, and if it is lost, it is extremely detrimental to you. When it comes to profit, the wealthy person will make more money over time because he can invest right away, whereas the poor person will take longer to save because the profit will be small if he invests now with only a small amount of money.

There is no need to get dejected. Even if a rich person has lots of money, all of it will be worthless if he is not making intelligent investments. On the other hand, investing in an asset such as Bitcoin could make a poor person millionaire in a matter of years. What the poor needs to do is to stop complaining about their poverty all the time, and take measures to become financially independent. Just want to repeat what Bill Gates told once - It’s not your fault if you’re born poor, but it is if you die poor.

It is not as easy to say about holding the coin because we need to have calm when we see the price move.
That can make us do something related to the current situation that happens on the market.
If you can control this, you will not feel difficult to hold your coin because you know that you want to hold it for some time and not sell your coin if the price is not hit the next high price.
Even if that is extra money that you use to buy for your investment, it does not make it easy to hold unless you prepare everything before you invest your money.

Yes, I agree that if you are somewhat financially stable, it will be much easier for you to HODL. Sometimes things happen in your life that needs some financing and you might end up spending out of what you already invested in crypto by selling some. This has happened to some of us no question and I believe that if we had another option, that wouldn't happen, so yes being a bit financially stable can help in hodling.

Being rich makes it very easy to hodl bitcoin or any crypto for a very long time, because there is actually no or less things to use money for. So a rich man with  so much huge funds can possibly through out $60k to bitcoin or alt without being worried because he knows surely there are lot's of reserves for his upkeeps but a poor man hardly take risk because there is always a fear in him being afraid of loosing his life savings, and the few who takes risk will surely jump out too quick to secure capital and profit being made.

That's why it's easier for rich people to hold crypto, because they are financially very stable and have extra money or large savings.
While the majority of us are still not financially stable, there are even some people who are still experiencing a financial crisis. So if
people whose finances are not yet stable invest in crypto, if there is an urgent need they have no other choice but to sell the coins
they have bought. In the end, people who are not financially stable rarely manage to hold coins for a long time.

I'm not so sure, when material needs are different, it's not necessary to put too much pressure on yourself, just understand what is enough and be satisfied with it. Whether it's $1M or $1000 it's money and if you're serious about your investment then you'll need to find a way to help it grow and also be safe.

Everything it easier if you're already rich, and one of those things that are easier is getting even richer. With proof of stake coins, it's very obvious how this works, as if you have a lot of coins, you're rewarded even more. But it works also with investments in cryptos, of course. If you have $100k to spare, you can buy BTC and double it in a year, now having $200k. But if you have the same level of understanding the market, but only $1k to invest, you'll end up with $2k, which isn't going to improve your financial situation significantly. But the issue is not crypto-specific or investment-specific. Our whole world works this way by rewarding more generously those who are already privileged and wealthy and don't need another boost.

but the case that often happens to everyone, especially beginners is that they are still confused about their economic level but are still determined to do hodling so they feel worried about what they are investing in different from those who already have excess finances who are not too worried about their lives which are still fulfilled , so they will be more consistent in hodling until the time and targets they achieve.
maybe this is what the thread created by the OP meant.
because it is true that hodling and wealth have no big correlation but at least with the wealth they get it will affect concerns about hodling

It has nothing to do with being rich or poor. The rich could aswell be taking big risk if all his/her money is invested in Bitcoin at once. I think what is important is to invest part of your money or what you can afford to risk/lose, whether you're rich or not. Don't put all your eggs in one basket in an uncertainty world.

If you are rich, then you have 1000 of alternatives to make a choice. invest any amount in Bitcoin, then it becomes a storage that is then taken anything. But with great wealth, are they ready to become long-term holders? I think as long as you have other finances, it's not a problem. You leave the asset in Bitcoin, then other finances can be processed in a different form of economic business.

However, keep in mind that the easier it is for you to make money in any sector of the economy, the easier it is for you to spend any amount.

Well, that only works if you are rich and you do not need the money, but being poor means you may not need the money as well and can stay for long term. I am not rich in any way or means but I did managed to hold bitcoin for over 3 years, and 2 years before that but sold at 20k when I needed it so I understand that approach as well. Basically it is not about being rich or poor, but about needing the money or not.

Rich people do end up in financial problems as well, which means that there is a chance we could end up with some wealthy person not being able to hold their crypto because their business is bankrupting as well, that is a possibility, and some poor person not having anything unexpected in life and working more and more forever until they retire so they never need that extra money. That is the difference in the world where it is not about rich or poor, it is about needing that money or not.

When you are rich, you must think like rich :) If I was rich, I would hire an assistant and "take my family on vacation", while he purchases real estate.

I dont think that it is easier to hold when the person is rich. Because when you are rich, you are invest and hold the amount you can afford to lose. If you are not rich, you would still invest and hold the amount you can afford to lose. If a rich person invests 99.99% of his assets it wont be easier for him to HOLD either.

If i already can fulfill my financial demand then definitely i can invest some part of my wealth for gaining more handsome profit in near future.

If you have become very rich, you will not care too much about whether you should sell when the price of cryptocurrency falls. You will be more willing to bear the risks of investment and it is easier to choose long-term holding.
Ordinary people pay more attention to price fluctuations when investing. When prices fall, they will be afraid of the market and choose to sell. Or when they use most of the funds to invest, and they happen to encounter an emergency, whether it is profit or loss they must sell.

Being a rich or poor investors both will take a risk but I guess the different between the estate of being rich and poor investor to a state of HODLING is that the rich could afford to HODL for a long term and will not be afraid to take it in in a long term because they have still a source of income while being a poor investor a long term HODLING means everything to them. I mean being an investor with a limited amount of money will be a total risk and that is why is a common advise to everyone to invest only what you can afford to lose.

I hear what you are saying but it is not more of a risk than of choice, patients, and convenience. Let's say a poor investor invested some money into Bitcoin (Choice) which is good but this investment was when Bitcoin was trading around $60k+ and now the price has dripped which we all know, but is it now easier for this poor investor to HODL? (Patients) yes he can, but the problem is, there could be a situation in our daily lives that will be easy for the rich investor to handle with other funds but not the poor investor (Convenience) so he might end up selling part of his investment. So, with everything being equal in the market, with no risk of losing money, the rich Investor is still in a good place because of access to extra funds.   

Exactly what I was saying, what we saw as treasure and grand in terms of money is just a chump change for these people. Well, even if they have the advantage, it's not like people of medium income and low income won't be able to hodl, they can but the only problem is that their portfolio is significantly smaller than a rich person.

I think it's easier to hodl when you're rich, I mean you have enough money to not spend your portfolio or sell it prematurely. Plus you also can get more profit out of your holdings since you can put a lot of money in the first place and just wait for it to go up unless you FOMOed in a shitcoin.

You will be surprised that rich people don't even hodl. They understand the essence of multiplication and they may be selling and buying, trading it because they still want more money and can increase their money gradually. The poor are those that will believe to hodl for eternity  to hope for all profit because they are scared of the risk of trading. The rich takes risk and may not hodl for long, they operate on ROI .

If you take such an example. That is very true . like investing in total assets that you can hold for long-term and holding without any thoughts of selling them again before taking huge profit. Everyone has a different economic level. Of course, those with large capital will be more profitable if calculated from the nominal. but in terms of percentage its the same.

As it won't hurt them even it takes more than a decade to hold, as long as they are trully believes that the market will pumped high to reach the target that they are aiming before cashing it out.

It simplified the argument which is very realistic in terms of comparing both small and rich investors.

that stats will enlighten the difference and what are the capabilities of those who have enough or better to say have lots of excess.

It is much more bearable to hodl when you are affluent and can afford the temporary losses that you would incur with the cryptocurrency you bought. But I believe it is much easier to invest and hodl if you know the ins and outs of long-term investments really. Because if you would just pick a dime-a-dozen token out of the market and invest in it without further investigating, you would subject yourself to a possible loss. It's important that besides the funding needed to invest, you have the proper knowledge and guidance so you don't fall astray and break your pockets. Definitely easier when you are affluent, all for the reasons you mentioned earlier, but money without taking well care of it will just end up in the dumpster, so apart from being rich, I figured it is also important that you know your stuff when it comes to hodling. Otherwise you'd just FOMO and prematurely cash-out everytime you invest your money to a coin.

For someone with this networth hodling can't be a challenge because he/she is already having other source of income. Hodling is only difficult for an average investor who has little or no other alternative source of income. This is why the rich with good thinking only gets Richer, for an average investor to hodl for too long requires decipline and patience and most of the times challanges might tempt them into withdrawing

It can only be said that the rich are more able to hold on to the holdings than the poor, because if something unexpected happens. It is easy for the poor to sell their coins for money, while the rich do not need to sell tokens to exchange for funds, which is a good way to keep holding.
So it’s easy for the rich to keep holding to reach the goal they want to achieve, and it’s okay if they fail to invest, because the rich generally have an adventurous spirit and a strong mentality. If they are the poor, when the coin falls to a certain price, they Will be afraid, will sell the coins in his hand to stop loss. Because they cannot take risks with their own money, they have to maintain their daily lives.

I wouldn't be surprised, plus I know that there will be rich people that won't hodl, it's just so happens that the rich people that I know are hodling instead of making money out of it through trading plus it's risky for them to do trading because they don't exactly have the skill set unless they did some research or they have extensive knowledge on the subject.

It is easier for the rich to hold for a long time than the poor. If I become rich enough to meet the funds needed for my life, I will use the remaining funds to invest in cryptocurrencies and will not easily sell them even if there are market price fluctuations. The price of cryptocurrency is unstable and easily affected by market fluctuations. The rich will not panic too much because of sufficient funds, and they are more able to take risks. The high profits that the rich earn through long-term holding of cryptocurrency will make them richer and richer.

I guess financial stability plays a great role in holding. Although certainly there are still other factors that contribute to successful holding an investment, we can't dismiss the fact that it's a great privilege to be financially stable and hold as much as you can, as long as you can. Having a safety net that can catch you once you fucked up is a privilege that not anyone has. If someone is financially stable, has all the means to get by on daily basis, and does not have the need to withdraw funds during urgent situations, then they can hold longer compared to those who are just relying on their investment's profit. They can wait longer without withdrawing their funds since they still have other funds dedicated to specific scenarios. Diversification is always a thing for the rich. Hence, they can hold without compromising their investment in crypto or in other investment platforms.

Investment in crypto is still risky despite its benefit that is why the users must know what they are getting themselves into first before diving into it. Buying the dip is a nice strategy to generate more valuable coins, patience, determination, and discipline are good traits to keep yourself from holding triumphantly.

Yes, I believe being rich makes it easier to hodl bitcoin and it is not only with bitcoin and cryptocurrencies, it is with all form of investment.  
As much as all forms of investment is risky, it is still way easier to invest and leave it for years simply because you do not need anytime soon or for day to day activities.
If you'd ask, someone who doesn't have any other means of survival would find it extremely difficult to invest because that would be simply be a ticket to death.
Investment is meant to be a part of many that has already been.

the most appropriate sentence in my opinion is "it's easier to hodl if you are good at managing finances"
10% of poor people who are in crypto have proven themselves that they can change lives by just hold their BTC

while others will immediately sell the BTC they get when bear market or bull
the ability to manage money is important because we don't know when the dry season (bear market) will come so leave your needed funds and your BTC stock for as long as you can

Great analogy and it's true that despite the situation of those holders before they get in, as long as they're good in handling their finances, they can live a better life.

But the subject is all about being easier in holding and that gives the advantage of being rich already. You can keep as much as you can while not having any problem when the market dips as you can still hold it and add more which makes you not forced to sell if you're in need.

Yes absolutely, you can also say "it's easier to hodl if you have a good strategies and techniques". Poor people have proven themselves that they can change a lot because of cryptocurrency as long as your patient, your good in research or else you have the knowledge about it. They have proven themselves that by just holding their coins, it changes their lives, while other's panic to sell everything they have during bear market or bull run. It is easier to rich people to hold their coins because they don't have to worry something. Some of those rich people have the knowledge already which makes them become richer. But, above all managing those money you have is very important.

OP's example is clear evidence of someone who has lost faith in bitcoin or were new investors. Because anyone who has invested in bitcoin and had hold in at least a year does not sell it. It could also be the case that the couple needed the money.

Every day we realize that we need bitcoin, I maintain that conviction, even though I invest in another coin, I support bitcoin because together we contribute so that more people do not lose faith or others also believe in it.

The point is that the rich have another sources of income or more money stored in their accounts. We could compare it to ammo. Let's say a man has tons of ammo and don't need to worry about aiming the target, because he has enough to shoot in all directions and still hit it without worries. On the other hand, another man has just one bullet. so he has to make very good use of it, being strategical, calm and patient to hit the target and not waste his only chance.

That is clear the first is in a much better position than the second, although it's not impossible for a poor person to be also benefited by bitcoin. It's just more challenging.

For the rich, it is easier to hold Bitcoin for a long time. They use funds other than what they need to invest and obtain additional income.
For ordinary people, they need to consider the funds they need in life, and only invest in addition to the ability to meet their daily needs. In investing in Bitcoin, if funds are needed in an emergency, they must sell Bitcoin even if there is a loss.

Easy for them to hold because there is no pressure to sell for food but for someone who depended on the growth of BTC, they will eventually sell before the price hits the ATH. There are some who could survive holding while they work harder to support themselves for them not to be able to sell their coins I guess I have tried this myself to make sure I'm able to save more BTC than sell all of them.

If you have the money like the rich, you would probably prefer to trade as well. Maybe a percentage of what you hold.

it looks logical, but I think it depends on the distribution of finances on each person. but indeed the rich are more profitable in holding bitcoin. but ordinary people can also be calmer in holding if what is used is cold money, but indeed with different amounts of capital between rich people and poor people

For someone who is already rich, though the possibility of HODLing for a long time is there, it is not like it is completely easy and achievable. I personally believe that HODLing is matter of discipline.

For someone who is rich, he/she might decide to put away some money into crypto and forget about it, because there is enough money in circulation for them to settle any pressing needs or concerns that comes their way. The case is different for someone with little physical finance and a pressing problem or concern who has a fat crypto balance.

It is a very difficult situation. When you are in dire need of money and you don't have any other asset other than Bitcoin, you have got two choices - either sell some of your BTC, or take a loan. A lot of people don't prefer the second option, because it will push you deeper and deeper in to debt. If I face such a situation, then I will also select the first option. Because we don't know how long the bearish phases for BTC can last (for example, the one in 2014-16 lasted for almost three months, before a new ATH was achieved in 2017.

I don't think so, because hodl depends on the knowledge, patience, and discipline of a person who are trusting the coin and the market movement.

You're probably thinking that it is easier for them because they have separate funds for their essentials and needs.

But investment doesn't work with that mindset, everyone who invest are at risk and they are also making strategies and predictions in the market.

It is somewhat easier to invest and make your money work for you when you're already rich but that still depends on your knowledge. The couple that you mentioned understood the risks at the time, and gambled with the money that they have believing that it will be worthwhile. Had they not known better, they would have sold in the middle of the crashes and just lose money, but instead they endured and held strong from the pressure to sell at a loss.

I think that most of us will agree that it really is easier to HODL if you have many money.

Lesser stress. This is what the rich are thinking if they are investing from Bitcoin compare to those average and poor people. There is this "What if my investment goes down, what will I do" thinking that it will give stress to them compare to the rich people where they will just say "I don't care if my Bitcoin portfolio goes up or down. I'm not affected by that much since I have more money to use here".

It is easier to hold compared to anything, period. I mean trading and what not causes so much commotion but if you are not good at it you are not going to enjoy any profits from it. When you are holding, all you have to do is nothing, just keep on waiting until the price reaches a level you are fine with and that is going to be fine. I personally have done a lot more profit by just buying and holding than any other method and that is going to be basically the case for a long time, it is not going to change for me nor anyone else.

However when you are richer you have the chance to spend 100 million on long term investing while spending a million dollars on smaller cap stuff, can buy 10k dollars worth of small stuff 100 times over, and that is why I believe holding is easier when you are not rich, because you do not have a room to work with hence keep on holding.

It's rather simple and obvious to answer this question. Often when you are poor or sometimes even middle class it is extremely difficult to save any spare money from your monthly expenses. Even when you are able to save money you are one car breakdown or household disaster away from needing to draw on those savings. Few in those two groups ever even think about investing like someone with a lot more money would be able to do. When you are rich, your money is growing every single day through things like stock market investments - without you having to touch a single thing. The rich are also able to diversify a lot more which can act as a buffer and shock absorber if one kind of investment goes wrong, also allowing them to have much longer time horizons where they may not be tempted to take profits too early.

I feel the same too, because my investment position is just as my saving. I dont think to make realize gain and even I got lose until 50% of my portfolio, I dont do anything. In my mindset, as saving I dont need do anything because there is no urgent need for short term.
We all know that if dont have trading skill its better to choose as investor in long term.

That's right, that's why it's not recommended to use an emergency fund for bitcoin investments. for ordinary people like me collecting bitcoins from airdrop and bounties is the safest investment because it does not require large capital. investing in bitcoin is not the same as investing in general (land or gold) because the price of bitcoin has a very high fluctuating rate.

In any investment there must be risks but for cryptocurrency investments, in my personal opinion, the risk is much greater,
of course it's all inseparable from the cryptocurrency market which is different from other markets which is very volatile as you said,
even so if we keep learning and trying I think we can be successful

if you intend to save I'm sure you will not be here. here is not suitable to be used as a tool for saving because when talking about saving, of course the central bank and fiat are more supportive and while you are here you invest your money and call it saving? I think that's bullshit.
because it is clear when you save money here the risk is very high because here it is volatile and unpredictable and only one thing you want to achieve is profit because even if you don't admit it and think it is a bonus when you are here for a long time it is still the result of investment not savings.
and you mention you lost 50% and did nothing it's very clear because the goal is to save even longer by hodling and when the market is back to normal and even better then you can take your profit and everyone also knows and uses the same thing.

Of course, this is an easy game for them because an ideal investment cost in crypto is just a small amount of money for them, so it makes sense for them to simply hold it until it becomes a million. You don't need to be afraid because it's only a small amount of money and you have plenty of cash in the bank, so being wealthy gives you an advantage in rapidly growing markets like crypto right now. So that's an added benefit, and of course you'll be one of the whales who can influence the market when engaging in a market activity such as selling or buying.

They wouldn't mind if the investment failed because they still have money to invest in the future. Those who already have passive incomes see cryptocurrency investment as a sideline.

On the other side, I am not even rich but I am still comfortable with my hodlings.
It depends sometimes on some people on how do they put their money into crypto, because some are still well organized in their finance.
I apply the good ol' 80/20 rule when it comes to my savings and it seems to blend well with crypto and I ain't worried a single bit in my investment/s.

No I do not think that at all.

I know it is easier which is always true when you are far enough ahead in any game.

I think rich people have the advantage when it comes to hodling their coins. They don't easily feel stress and be disappointed whenever the price started to decline because they are already financially stable. Unlike those who needed money badly most of the time, they will always want to make more profits even if the market is not yet stable. So they become panic when the price tends to move in opposite ways. This is the reason why most of them resort into panic selling because they have fears that they will lose even more if they still hodl when they see the prices keeps on deteriorating.

Rich people has the money and risk free to hold trades even the market is uncertain because of there large funds and leveraging. Holding requires time and patience to hold in order to get good profits, not just holding small amount of funds that can be easily wiped off with high volatility. They can even trade with sophisticated tools that can help to gain more profits than holding.

And when it comes to holding long-term, I believe those rich people can very well hold off long as they have other means to survive. As compared to an investor who basically is relying on the possible profit of his holdings to survive. So for me, the factor of wealth is important also when it comes to long-term investment. They can wait without stressing themselves about small movements in the market. Whereas, if you have savings on your investments, you can easily panic if something goes wrong with the market.

Of course rich people have excess money, therefore they are easier to deal with volatile movements in the market. If the price goes down,
the rich will find it easier to hold the coins they have, because the rich still have savings for their other needs. So the possibility of rich people
selling the coins they have when the dump price is very small,  in contrast to ordinary people who will panic when the market falls.
Even some rich people who believe in the future of cryptocurrencies, will buy more coins that they consider potential if the market is down.
This is what makes people rich if they are able to be patient will make them richer, because when the market recovers and goes higher it can
generate huge profits for them.

Yes it is since you do know that you do still have money to spent or able to recover out when the market would crash or go to the opposite side.Yes, this is one of the
advantage when you are rich where you could always have the money whether what would happen into your investment and if it turns out to be profitable then expect
that profits would be more even higher since the capital you had put in is much bigger compared into those average investors.
Its up on how you do play with the market though.

If we were rich at least one of our mental burden while holding is decrease, this is will cause our market analytic more calm and effrective IMHO, and also if we have other income and real assets to guarantee our live tomorrow, it will be good.
Waiting our investment to grow need our passion and peace of mind in it, so regarding what OP asking, my answer is totally yes if our investment is in the range.

Of course it is easier to HODL when you have enough money to spend and you wouldn't have a problem or panic when the price crash.
That is why we still have some average joe even though they have been in crypto for so long.
Even if they are earning in crypto they couldn't hold it because of their expenses.

I think yes. We can't hold on to a hungry stomach. At least we have to meet all the primary needs such as clothing, food, and shelter. In my opinion, the hodl strategy is for those who have stable finances. No one wants to force themselves to hodl their assets. Personally, I'd rather sell than not eat

;D ;D ;D I hear you man and I totally agree with you. I guess this thing is pretty simple and the majority have said it. It is easier for those that are richer to HODL their investment even if the market is dipping than the poor Investors because they have the means to go through the bad market and might not necessarily need to look at their investment for any reason but that is not the case with the poorer investors that will be looking at the market every now and then hoping for the market to never go down.

In that case which happened to me few times, you do end up selling your crypto as the first thing, even before the money you have saved up in your savings account because it is harder to explain to people why you should keep your crypto.

However that is only because I am married and I have responsibilities against my wife and explaining why we should go into debt and I can pay it small by small in a period of time is a better idea than spending your crypto is not one of them. She wouldn't understand it, and she would think that I am crazy to think something like that, hell whenever we have money she wants me to invest that into banks saving account which gives nothing nearly enough at all. Which is why I honestly believe that if I was a single guy, I would be able to keep that crypto in there and instead just pay with my credit card instead.

I dont think that fiat is better choice for saving. Saving and Investment in my view is the same concept. I dont separate them for different way, when we talk about risk that is depend on the person. High risk is just for profit side which is high return that means high risk. When I save my money on fiat, I dont get anything except the inflation but in the crypto market for especially in BTC , the graphic showed the good growth. I dont think what I wrote before just a bullshit, based on our own perspective.

Maybe a yes or maybe also a no because still as money is involved, there would be still people who would be concern on the state of their money spent into something whether you are poor, average or a rich man in the society. It is just that rich men are having high tolerance and can endure the market situation making them to hodl for s longer time compared to the other classes because they still have immense amount on their hand but once they are seeing that there is no progress at all, those rich people are still possible to pull out and make use of the funds on other things to make it even more profitable.

I think it is true that holding is easy for rich people, because they have excess money and their intention is to save and if they get 100x profit it is one of their advantages to increase their wealth

I like this question.

The answer is yes.

Let us pretend a 64 year girl has 1 btc in a wallet. Put it in when coins were 32k.

Lets say she mines and is clearing 3k a month....... sells 2k holds 1 k
Lets say she has a small pension 2k a month
Lets say her wife has a good pension 4k a month. Thats right she has a wife.
Lets say they have "safe" 401k and IRA  worth 350K.
Lets say 0 debt
Lets say all gear mining is worth 100k
Lets say a fixed up home in a low crime area fully paid for is worth 425K

How easy is it for her to hodl that 1 btc until she turns  70?

really fucking easy.

And why is that?

ratio of at risk is 32k/37k
upside is 250k or more.

ratio of safe is over  800k in 2027

In 2027 BTC is way up close to the same or ways down so 10,000 vs 37,000 vs 250,000+

IRA + 401K = 375k with shit interest
Home = 500K

Yes inflation may eat  at the 401k+IRA
And home price rise may not do well against inflation

but at risk ratio of 37.5/750 is 20 to 1  Very easy to hodl


Not is those lucky lesbians have 40 btc right now with the same "safe" money holding is harder

since at risk is 40 x 37.5=  1,500,000 to 750,000

I would argue it is the high risk to low risk and you age that determines your hodl ability.

This is relatively true since the financial condition of a person makes him at least comfortable with his investments.

Compared to people who live in the middle to lower class, people who are up in the ladder have the financial security and blanket in case their investments fail. People under the middle class struggle relatively with their finances and investments to the point that one failed investment can put them in financial jeopardy.

There is, however, an exception to this rule. People who live in the middle class may set aside a specific amount of money primarily for their investments to the point that assuming that it failed, it will not affect them totally.

Well, it makes sense because after all we are not pressured to hold. Whatever happened, even in a hard bear market, we are not worried about the declining market price of our hold asset since we still have lots of ammo left. Unlike average earners that those people need to take action immediately once the price goes up and down crazy as that will affect our whole financial source.

No stress, no pressure (or not that heavy) - just riding the wave relax and comfortable.

it is certain, people who carry out activities in the crypto world use cold money (supposedly).  but I don't deny that there are indeed those who are willing to do debt, or sell their property to buy Bitcoin/alt.  as a form of business, then I really appreciate it but if in risk management it is dangerous.  ok if after buying the price then rises then we can enjoy the profit.  but if it's the other way around and we really need money, then our portfolio will fall apart

We are indeed not pressured because we do know that in case this investment fails we do still have money left in our banks or pocket which means its less stress compared to those who do go all in into a certain

investment and relying into those profits that generated.So you should make yourself prepare on what would be the possible chance for you to take and not just minding always about on making profit.

Always mind about back ups and things that you would do incase your investment hadnt go along with your plan.Its normal but you shouldnt really be that too emotional.

When you become richer, you will be able to take risks in gaining wealth for yourself. As you become richer, you will increase your risk-taking and acquire the ability to hold on to investments. Perhaps if you are rich and can analyze your market and know or anticipate the potential future of the invested assets, it will be easier for you to hold on to the investment. This is because the basic necessities of life and the overall future are hindered by small investments. This is because in this case, the wrong decision in the case of a market analysis or any kind of mistake in the selection of assets creates a big risk and the possibility of becoming destitute. As a result, low capital investors do not try to retain the invested assets considering all the risks. Emotional situations and emotions play a special role in this.

it depends on one's mentality and knowledge. even though he is rich but if he does not have the knowledge, then he too can experience panic so it is difficult to hold it during a market dump. and if you don't have knowledge, the rich person can't hold it any longer while floating plus

Yes, it all depends on the individual. There are strong people who hold their coins because they already know the good and bad risks if they invest. And will not back down if what has been achieved has not been implemented. This is called the principle. Unlike investors who invest but do not have poor principles and self-control.

Talking about investors who do not have principles and self-control, I don't think such investors will be successful.
It's not easy to be an investor, especially if you don't have enough experience.
but if they learn and keep trying maybe it will pay off

I don't think its fair to assume that it easier to hodl if you are already rich. The rich also have problems too (the degree may be different) same as every person on planet earth.  A person's hodling power doesn't depend on what how much he owns in the bank. It's all about discipline and self control. I think the advantage the rich have over the poor and middle class is the opportunity to share the same class as whales and prominent investors

We have the same opinion regarding this. If you are already rich, you will not be tempted to touch that amount of crypto you were currently holding because you still have an extra to used.


Much easier? I guess, it is. Well if you are rich, HODL was easier because you won't be easily scared and impulsively sell when a cryptocurrency drops. Being rich already you can avoid the risk of buying high but selling low because you can have the patience to wait the right timing.
You can't be impatient on what you hold because it is posible that it was just your extra money or it was the amount that your are ready to lose.

The main problem is that people do not do money management when they are investing in crypto. Even a poor person can invest for long term provided his position is small according to his budget. I have seen rich people investing everything in crypto and then panic selling when they see thier port folio down.
Money management is a skill if implement correctly, your investments will be stress free.

Yeah. Not relying only with your investment for your daily needs is really a big deal. If you are poor you can't have that freedom of investing your money without taking a toll on your day to day life. However, the first thing in crypto is that you should invest what you could always afford to lose. This is probably the best advice for anyone who's into crypto now and even Cz told us that

Being rich generally helps: The investment capital can be large while still remains a small part of their total net worth, so they can achieve big return without worrying about the risk being too high

But after a bull run, their crypto holding has increased 50-100x in value and become the majority of their net worth, they will face the same risk as any other poor people. In such case, only the one with knowledge and belief would still hold on to crypto and enjoy a much larger return in the next bull run.

If you are a rich person, then you don't need to worry about your long term investments. Because you are already rich and you wouldn't be very unhappy if you even lose some amount of money you have. I'm saying this assuming that you don't invest most of your savings. If you do such thing, then there is no difference between being rich and being poor.

What is the need to sell your coins if you are already rich, you definitely want to hodl your coins until you reach your goal, holding coins for a rich or poor person is a good decision because the faster you sell, the more wonderful opportunities you lose. All we need to do is to buy more quantities of coins and then follow the technical analyzes of them every day.

I would say, those who are even not rich and have no commitments, would certainly have less stress and can invest in bitcoin and hold them peacefully without much stress. I have personally experienced it. When I had a commitment and was expecting a turn over from trading, really I had to either sell them off at low profit or at loss. But when i did not have commitment, I peacefully held the orders and sold when only the trend was up.

investing money that used in your daily needs would make you hard to hold it in the long term, avoid this and you'll be a real hodl-er to feel 1000x return.
otherwise, you'll stick in your chart to check where is your position and before even its reaching 10x , you'll just withdraw it on 2x or 5x at tops!

even if a rich guy with 100m in wealth and invested 90% of his wealth wont resist to see his investment gained 5% to cash them out, there's no real hodl-er unless if you are in strong believe or what so called commitment as you said.

Rich people have sufficient funds for everything including for the portion of investment in crypto, each investment fund tends to be long term because these funds are related to daily necessities funds. Not all rich people have good thoughts in investing because some of them are still afraid of market corrections.

commitment is very important here but don't forget that the needs of rich people and poor people are different and most poor people will be very worried when they do hodling differently from rich people, because if you look at it from an economic point of view they are very different and commitment will ultimately lose. by necessity and inevitably and sooner or later will surely sell the coins they hold in order to continue their life

Yes it is easier to hodl, you don't have to worry about selling early because you have extra money to use when it comes to daily needs like food or stuffs. Plus you can probably make more profit since you have a lot of money that you can easily put into the market. Although, being rich doesn't mean you automatically have those things because some rich people are impatient people and they might experience loss in the market with that attitude because some of them were born with a golden spoon in their mouths.

Seriously I believe it is easier to hold bitcoin or any cryptocurrency if you are already rich because you won't really think about anything your mind won't really be in the coin you invested on or whenever you need money you won't really think of selling it because you are having extral money that you can easily use to solve your problem but if you are not rich any small thing you will endup selling your coin immediately.

The rich also have problems. Here is where discipline plays s role. Holding is difficult, bitcoin prices go up and down the hill regardless of your class in society rich or poor. Your holding capacity is dependent on how disciplined you are. People generally develop cold feet in a bearish market

To be honest rich investors has always a great advantage because they can put a bigger capital compared to those poor investors. And when the market seems to fall, they worry less because they still have big amount of money in their savings account ready to back up when things don't come out the way they expect.

Unfortunately, poor investors don't have this privilege and when the market is not performing well, they become panic and resort into selling their coins with a low price. Hodling has always an advantage to rich people and its always been the reality in all aspects of investments.

But rich have much wider edge compared to poor and middle class investors, they can simply say that they will

hold and they'll able to do that unlike with poor and middle class as most of the time both panic and emergencies

triggered them to sell their assets, no other option but to let go to fill their needs.

if we have reserve money to cover our daily needs why we have to sell our cryptocurrency assets ? isn't it will be good investment for long time and give us more value. based on price history , bitcoin and other cryptocurrency  have good growth year by year.


in finance market , how much capital we have actually not be first poin we should filled. Knowledge and skill be main thing that must prepare when we involved in this market. By having trading skill we could make our balance growth smoothly, maybe from 100 could be 1k or even more.

It is a fact that you won't think about it after you've invest your money to hold bitcoin.

But there are also those people that are not quite well with their living but has the patience and has the best risk tolerance that they can wait until what they hold matures and is fine to sell.

That's the advantage that the rich gets richer because risk is nothing to them while those who are striving hard in life, they have to choose and take the risk as much as they can to move forward with better result or try again if they fail.

When you are striving in life and you do make out investment not only in bitcoin but into a certain one which you would really be expecting something from that on a short time basis
and its true that when you are rich then you wont really get easily be pressured nor get stressed when theres something happened into your investment since you know that you can
still recover no matter what compared to those who do take some one shot into their investment then that would really be a hard decision this is why when we are on this position
then we should really be mindful on putting our money in best possible investment as we can even though its hard but at least we do make our research.

Its mostly about excess spending capacity, and earnings vs costs.   Someone rich may have far greater costs so to invest means organizing debts and spending to restrict the use of money that would otherwise be freely available and there is often an advantage to do so.   Sometimes people gain because leveraged bets on the price often sell for purely the reason they cannot afford the volatility of BTC going against them, if thats a clear pattern then your friend made a good observation to note the larger time frames trend between years was positive. 
 Commodity markets can resemble this except a big extra negative with a commodity is you must accept delivery, store and pay costs for the ownership where as BTC has its own unique dynamics that should be noted and are an important part of how it behaves.

Absolutely right, most of the people don't know How to do do Money managment though their investment decision are right and timing is also good. we must understand that  No Market always goes up unchecked and they  decline as well  and correct prices of assets  which creates opportunity for traders to take advantage of this volatility and make money. The key of success to continue making money in crypto is only possible with technical skills and proper money management.

Everything is easier when you're richer.  Obviously investing is too because you're much more immune to the volatility of the market.  Someone who is rich can wait out drops without much consequence.  Someone who is poor is much less equipped to do so and may have to sell low to protect what they have left from going to zero.

Yes, I think if you are already wealthy then it is far easier to hodl for a long period of time, as the money may not be as much use to you as it would be if you were not wealthy. For example, if you were not wealthy then you might need to stop holding crypto at any moment due to some emergency or other reason. But if you are already wealthy, you can just get money for emergencies and whatnot from someplace else. Although this example would change depending on the amount of wealth someone has compared to the amount invested in cryptocurrency.

100% agreed. If you are a trader, then you need to sell your coins every now and then. In case you are an investor, then the best possible strategy is to book profits at regular intervals. Everyone knows that Bitcoin will reach great heights in the future. But what we don't know is how much time is needed to achieve that. What if it takes another 10 years? Is it possible for everyone to wait for that much time? Those who doesn't have a full time job will be hard pressed to do something like that. That is why I believe that there is nothing bad in selling some of our coins in the short term.

If you are already rich it is easy to hold because there are opportunities for income from other fields so holding on to them in the long run will not be a problem but for those who are low income traders it is difficult to hold because holding is to hold a certain amount of time. If you sell before that you don't get profit and you lose it will be difficult to make a living if a lot of time is needed. That is why it is a good idea for them to trade every day therefore, it is possible to meet the needs of one's own family.

If you have other means to survive, definitely holding will come easier to you. As compared to crypto user who is depending from his profits to buy food for the table. Because in this case, he can easily sell his coin at a loss if badly needs it. Lucky for those who are rich as they can also plan when to sell it. Of course, the aim here is to gain large profits. That's why you can see some people holding their coins for years without touching it. But you need to make sure that coin is valuable like bitcoin. It is hard to hold other alts in long term because they tend to lose its value and be abandoned by its devs.

Of course yes. Because being rich we should be ready for any condition. Making investment while we rich, we should be have spare money for living, urgent situation, saving, and a lot of things and then we save rest for investment. If someone like me, when there are urgent situation i think i will sell my assets no matter in what price it is because i don't have any other options.

The reason why the rich are easier on investments because they're already established and that they can take risk easily.

No matter how big investments they've got as long as it's just another source and investment for them, they won't really absorb the risk that they'll get from it as big as someone who just made an investment.

Sure i do believe if you are rich you are okay to invest in certain ammoun of money and it will look bigger for most people but it might be just not to much for them. The best advice to invest for long term is always invest ammount of money that you willingly to lose. I do invest and hold almost 4 years and it does make me stress but still i able to manage to hold them and have a big profit from it. Sometimes its depends on how people think and how they able to manage their financially to be able to hold that long.

in contrast to those who are rich where other needs have been met, even investment is the rest of the money for the necessities of life, even they have prepared spare money in case something unexpected happens. Therefore, it is not surprising that they will find it easier to hold it for a long time, because their lives are already guaranteed

The fact is that many people cannot survive just from trading crypto, meaning they have to find other sources of income to survive. but there are some people who can survive just from trading crypto, even they are also able to build a house and buy other expensive properties. this depends on the amount of capital they have and their expertise in trading.

It is given mate, you can totally hold when you are rich because you have more money to risk in long term not like many of us in which struggling to find our funds to invest and hold so  we are limited in this process.

while rich people can spend half of their asset to buy bitcoin and keep it hold for years and years without bothering where to get their food on the table.

Right and this depends on the time of investment also. If you have invested in Bitcoin for some time and have accumulated some profits, it becomes a little more easier for you to take from your profits earned over time but if your investment in Bitcoin was at the top and you have needs, selling will means that you are losing investment. So the time of investment also is important.

Agreed. Those who have invested 4-5 years back will be in good amount of profits now and they can sell some of their coins and book profit. On the other hand, for those who have invested in 2019 or 2018, the time is not yet ripe. At the most they will be in 5x-10x profit. If the initial amount is large, and if Bitcoin comprise a large part of their portfolio, then there is nothing wrong in partial profit booking. But for 90% of the users, the right strategy would be to wait for another couple of years, so that the exchange rates reach six digits.

Reminds me of Robert Kiyosaki’s Rich Dad Poor Dad where one of his statement says “The rich gets richer, the poor gets poorer”.

In my opinion, if it’s easy for the rich to get back the losses that they have if their “big” income is stable. Of course, the rich are taking a lot of risks. If they could afford losing that big amount but can get it back “easily” then they go for it.