Bitcoin Forum

If this isn't some extreme form of holding, I wonder what it is then. According to the Twitter handle of Bitcoin Archive (https://twitter.com/BTC_Archive/status/1623285141291376641?t=lHaNegRrJ0Up06Yew7kchw&s=19), 412Bitcoin worth $9.6m was moved from an address that was dormant for 11years. That means the owner just bought and "forgot" it there. While for some of us who have been holding for the past 3 months, it's seems like a century.This is gentle nudge that if someone has done it then you can(that is, if this is your goal).
How long do you think you can hold?

The Bitcoin market is making sellers look guilty of how they want to use their assets. It's not meant to be that way. Hodling helps the network, but we are in control of what to do with our assets that is why Bitcoin is better than the bank. The seller who made such a sell after holding for 11 years made more profits (one reason we are told not to sell) yet I don't see the difference between him and the person that sold after a year (instance). The end scene is that they sold. Let's predict he bought a new property with such a huge amount, that's his pleasure that made him to sell. That doesn't mean he can't sell the property tomorrow and buy Bitcoin at a cheaper or higher amount, at the end, it still helps the network. Then, let's back forward to the guy that sold 1 year after hodling, he may not have made so much profits, but the window is always open for them to buy more. In a nutshell, hodling as long as you can is necessary. Don't let the hodling pressure in the market create a self psychology in you that makes you feel unserious after selling your coin. If it matters to sell no problem. Holding is good too, but we have pleasures and problems in life to tackle.

It sounds like someone found a massive stash of Bitcoin that was just sitting there for 11 years! Can you imagine forgetting about that much money? And the fact that they were able to get that much Bitcoin in the first place just shows how much faith the early adopters had in crypto. Crazy, right?

Holding cryptocurrencies, or any asset for that matter, is a personal decision and can depend on various factors such as investment goals, market conditions, and individual financial situation. There is no right or wrong answer to how long one should hold cryptocurrencies. Some people may hold for short-term gains, while others may hold for the long-term.

It is important to keep in mind that cryptocurrency prices can be volatile and there is always a risk of losing money. Before investing, it's advisable to research the asset and understand the potential risks and rewards, and to seek professional advice if necessary.

Ultimately, it's up to the individual to determine how long they feel comfortable holding their investment.

Indeed, he has taken a long time to reap the benefits. I still wonder the faith on how long this person must have has and never been tempted to sell the coin all these years. One fascinating aspect of these early adopters is that they didn't care about bitcoin and are so wealthy that they don't even value the bitcoin in their wallets. Holding for this long can only be done by those who have so much wealth that the value of bitcoin is insignificant in comparison.

My oldest stash is ~5 years old and I keep adding more on the regular basis (DCA). Plan is to hold until I can go into an early retirement, or until I really need money for something urgent so I can't really say until when plan to hold but hopefully I will never be forced to sell everything.


Why do you assume that owner of those bitcoins never sold any just because he didn't move them for 12 years? People can use more than 1 address in order to hold their bitcoins (like I am doing)  and maybe owner sold most of it long time ago and he is still left with those 412 bitcoins.

who knows, he just remember where he put his password and other details, right? in any case, holding depends on the person himself, his needs and his goals. each one of us has targets depending on our financial needs. if you have a lot, of course, you won't sell it for a bargain. but if you badly need it, you will force to sell no matter how much is the market price. lucky for those who can hold for a decade and more.

To those dormant accounts which neither their owners had able to unlock their wallets neither they had found up the keys or they had just completely remembered on the time that they have seen

on whats the Bitcoins price as of today.There's no one could be able to know on whats the real reason behind but its really a good thing for those who had hold up for that long.

It turns out that it did really give out huge profits to them.When it comes to holding then there are people who are really that able to withstand
for a long time when it comes to their assets but pretty sure that lots of them had sold out earlier.

How can you know what the owner did with those coins? Maybe they just moved the coins to a new address. Maybe they will sell only a portion of the coins. Maybe they still own a lot more BTC in other addresses.
If someone sells coins, it doesn't mean they quit Bitcoin for good.

I personally sold a lot of BTC in the past, especially when the price was above $50k. And I won't regret it if the price will climb to $100k, because life is not going to wait. I'm going to always hold some BTC in case it goes to the moon, but I'm also going to sell portions of it as it goes higher and higher.

I can hold as much as I can and I can also sell a portion if I needed to. I won't make myself comfortable if I sell all that I've got, there has to be some remaining balance of my holdings in BTC so that I'm still prepared for the future.
11 years is a long wait and that guy probably just remembered it once in a while or it's just another wallet that he's got while using and spending the other wallets that he's got during the past bull runs. Anything is of possibility with these dormant wallets. But the main thing is, they're all patient and if we're all patient too, we'll be rewarded soon.

Probably bought Bitcoin 11 years ago and just forget about it since is has no value at that time and now, he finally retrieve the wallet and enjoying the huge profit from his decision to buy 11 years ago. This is not new because there's a lot of dormant wallet started to move since the pump of Bitcoin, we can consider them as a extremely hodler and the early buyer of Bitcoin. Better for him to continue holding it and just wait for a new ATH, that can be more worth it.

or maybe didnt forget at all! maybe knew all along where his wallet was and the amount
of Bitcoin. Just because it was unmoved for 11 years doesnt necessarily mean it was
forgotten about. That is seriously professional HODLing though!

Personally I am HODLing for 6 years, I have spent some but the BTC balance in my wallets
are growing year on year even after spending Bitcoin from time to time.

Buying dips and DCA'ing all help.

Depends on how my needs arise.  As long as I don't need to liquidate my holdings due to reasons that I needed money.

I always wanted to hold, I am not an active trader but rather a long-time holder, but when the need for funds arises, I would not hesitate to liquidate my holdings.  I'd rather spend my holdings than let my family starve.  Family comes first before anything else.  Bitcoin can be re-accumulated while the needs of the family can't be neglected.


I think the guy has no monetary problem since he is able to leave his Bitcoin untouched for several years.  I also think that at some point the owner forgot about it but whether he forget about it or not, it is the owner who only knows.

Well it literally means you just have to forget in order to hold that long. lol

If you are aware that you can't hodl it any longer then be that man/person who forgot his Bitcoin and remember it again thus, moving it to safety. Well, but on the safe side you have to be sure that you don't actually forget the keys to your coins once you have to get it back in time.

Perhaps, don't stare too much on the chart to avoid getting emotional over to what happens in the market.

If that is true (which I don't want to believe), that person is one of those early investors who never think the future of Bitcoin to become today. And in this case, no way he was able to recover it once he lost access to the said wallet but being a responsible investor should always back up everything like passwords or keys. Not that I called it "extreme holding" but I was negligent.

It was a crazy amount and you really become disappointed if never get it but that really happens if we are too careless.
Anyways, that was in the past days when we really don't care about the value of Bitcoin but for now, everyone already has an idea of how to keep their password or keys so this won't happen unless they get hacked.

For me, it depends on my goal because there are some people who invest a lot of money and some people also invest money that they don't care about. Some people also bought Bitcoin, not for investment.
For me, if I decided to buy and hold Bitcoin and my plan is to sell that when the time comes or the target price is achieved or in the future I need some money, then that's the time I can sell some of my Bitcoin that hodl for some period of time.

This information is really inspiring because it is teachings us the need to be patient and consistent. Some new investors might see Bitcoin as a short term get rich quick  investment making them to prematurely sell thier coins. Bitcoin is not like other shitcoins that can be easily manipulated. Some people even sell below the price they bought because of the fear of the unknown. For me I have a long term plan for my bitcoin because I am targeting to sell when the coin have gotten to a specific price range. I can prematurely  sell my coins only in case of emergences that I can't control with my backup funds.

actually, in my personal opinion, holding bitcoins is actually not focused
on how long it will hold strong, because an investor certainly sees the situation and conditions. and if for a long time it is the best then an investment with a long time then that is the right decision.
so if I personally invest in bitcoin it is not measured by time
because of the situation and conditions.

It's amazing to see an address with 412 BTC moving, the owner would be the richest man in the place where he lives and could buy anything or make vacation plans with the profits he had with bitcoins for 11 years.

This address may be what is meant by the 412 BTC Hold for 11 years. Purchased 1 BTC at a price of $ 12.41 on 28-09-2012 and continued to accumulate with a total purchase of 411.12 BTC on 01-10-2012. this was then hold for up to 11 years and is active again today.

https://bitinfocharts.com/bitcoin/address/1MMXRAo6CZQ5KuLkboQ3tULhZZtj3ovmjT

https://i.postimg.cc/dt6bbp2P/412.png

Seeing how far the transaction was carried out, the Bitcoin went to 4 addresses with a split amount.
https://bitinfocharts.com/bitcoin/address/bc1qxwhey4zdcg75fan93mnsvsskxyqvfrck8fl28u
https://bitinfocharts.com/bitcoin/address/bc1q44rxrlqqvw5ltpnu4kvq77mxss0shgtf2ja899
https://bitinfocharts.com/bitcoin/address/bc1qv9k89vpljh96fctpxk9rr7xkdnd3hafhgrchym25r4rcpwm578ash7vl58
https://bitinfocharts.com/bitcoin/address/1PjgA9yjHG3N9gUs9aoD7mV7rL5VyjPiK4 ^{[wallet: CoinSpot.com.au] (https://www.coinspot.com.au/)}

https://i.postimg.cc/15yxYsNr/412-coinspot.png

3 addresses using a segwit address and 1 address using a Bitcoin address originating from the coinspot.com.au wallet (local Crypto Exchange in Australia)

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During the 5 years of doing DCA, there will definitely be many benefits that have been obtained. Counting back 5 years in 2018, of course, you bought bitcoin at a very cheap price and Bitcoin also crashed at a price of $ 3k. You made regular purchases until now and will be used for early retirement, it will be more than enough to cover life in your old age. Don't be tempted to sell if the target you want has not been reached.

To be honest, Personally, I was only able to hold bitcoins from 2017 to the end of 2018 when ATH $19k was reached, but I don't regret selling it because it was a good start to get back the same amount of bitcoins today and continue to hold for new ATHs in the future Later.

I've been already holding for a long time, so I've decided next bull run will be my limit. That is, when btc reaches close to the previous ATH or reach to a new ATH. Then I'm going to liquidate my holdings, and if price suffers a correction, as it's expected after every bullish seasons, I will start investing again.

The only thing I know is that I can't continue holding for much longer, because life and time is passing and money is in our hands to be used for our own good and for the good of people around us.

I can hodl forever. Bitcoin is my new money. Fiat is trash. Swap it for Bitcoin while you still can.

Although, I would probably not be able to bear the shame if I forgotten or even lost a large amount of Bitcoin on some wallet somewhere. Although it has happened with smaller amounts which I later rediscovered so its not a completely impossible thought.

The 11 year old dormant Bitcoin does not necessarily mean it was lost or forgotten, though. 11 years worth of hodling is a commendable length of time but its not unthinkable. Perhaps he/she did not wish to move the coins?

It's not new, it must be an ancient holder. Since they have their own savings arrangement, one cannot be sure that they only have one collection of bitcoins that actually persisted in one wallet up to this point or that they have other addresses with regular transactions. But it can be another preference that some old bitcoins are still active and some hodler has not lost access.

Until my target is touched.

personally, i work full in crypto just by doing bounty so when i need money i withdraw it, and its very luck to see people hold for such a long time.

but if you are not using the money its better to keep it and hold it, but even tho I work full crypto I not gonna withdraw it all of it and fact 80% of my money in form of crypto right now  ;D ;D

or that person just found his or her private key and opened up after 11 years, or he or she just needed money. But if he really plans to hold for 10 years or more, then that would be really extreme, and he has control over his emotions, which makes him very patient even if the price reaches its ATH in previous years. I admit that I am not that patient, so I am not sure how long it will take because mostly when I really need money, I need to withdraw it unless it is my extra money.

I believe cases like this happen, one is, as you say, they are very rich and have a lot of money, so there is no need to spend that money in 11 years.
Or the second case is people who used to buy bitcoin but forgot, and in the past 10 years they have not been exposed to news about bitcoin, so they do not know the value of the bitcoins they bought.

For investors like us, who keep an eye on the market every day, I don't believe anyone can ignore the temptation of seeing their wealth increase by thousands of percent without selling their bitcoins. It's really hard to believe.

I think one and major reasons why most investors don't hold for long is,not having a good source of income to keep them going while holding, buying crypto assets and forgetting about them for such a long time is very easy to do if the investor has a good source of income as their major source of earning money.
But in a situation where the investors is buying bitcoin with a mindset of the price going up almost immediately so they can sell, such a person would have their eyes fixed on the price 24/7 and for people in this category, it is pretty difficult to hold for even 6 months, not to talk of 11 years.

I don't think that this case falls under the category of "extreme HODLing". Most likely the owner simply forgot his password or private keys, but he found out about them recently. I also don't think that this guy would have missed the opporunity to sell his Bitcoins at 60K USD during the last big bull run back in October/November 2021. How much where 412 Bitcoins worth back in 2011-2012? A thousand dollars? This guy seems like an early BTC miner or something. I don't believe that he had spent a thousand dollars buying Bitcoins back in 2011-2012, when almost nobody knew anything about Bitcoin.

This is what I do. If I still don't need money, I'll keep on holding it. And when I need it any moment of time, I'll withdraw but it doesn't come as a whole.

That's also my goal on how long I shall hold. Learning from the past, I've sold too early for some instances but I just have to forget those moments and learn from it.

As for my target, I've got high prices in my mind and hopefully those will be reached soon.

For how long? It's hard to say. I think until $100K or so. I'll 5x my current investing, and that could be a good time to withdraw. When it drops below I'll buy it again.

It doesnt matter for bitcoin to just 5x "your" portfolio then drop again. If it goes to 100k, it'll probably go to 500k too (to beat the old gold). I would suggest instead of having such mindset, just have a fundamental knowledge of the upcoming events and go step by step. You can just trade it once in a month (when you are sure about an event's circumstances), increase your stack and buckle up again instead of waiting for 100k by doing nothing!

I bet people like this will keep holding for another 20 years and end up being billionaires while some people are selling their btc on every dip  ;D ;D

We don't know what happened to the owner, whether he really held bitcoin for more than a decade or indeed he forgot the password so he just remembered it now and moved it after 11 years, and it's clear from the bitcoin value of tens of dollars to tens of thousands of dollars it has now become a fortune for owners who dare to hold bitcoin long term.

That's why we have to be able to hold bitcoin as long as possible for long-term investment or it can become a retirement fund later by accumulating through DCA from now on, we have to be able to hold it for more than 5-10 years so it will be the strongest holder in the future, don't ever feel tired of holding bitcoins because after all we have to have goals in the future with bitcoin which will be even higher in price.

Or he's a wealthy man and doesn't need the money, so he can hold it that long. All of us, who have survived bear seasons and are still in the market today, are patient people. But to do like that guy is really impossible, I will not be able to escape the temptation when my assets increase many times without selling.
The average I buy is around $20,000, and I will sell when bitcoin hits 100,000, this is too much profit for me to sell, I really can't wait longer than that.

Many hodlers (including myself) have certain goals they're trying to reach with their stash. Time is not important here. Once my goal is reached, I will cash out a certain portion. Will it happen in 2 years or 10 years? I don't really care!  8)

There's a possibility that he might forget this huge amount of bitcoins and remember it now because if it really was a man patiently holding his BTC, he could have sold it all in the last bull run but he kept it until now. Maybe he just remembers his passwords or something like that, for him to be moving it right now. Nevertheless, it's just nothing but a win-win situation for him and he is considered one of the most successful veteran BTC holders. I wonder how many people are still there, patiently waiting for the right time to sell their BTC.

Yea he probably didnt have any monetary problems since 2012, which is difficult to
imagine, most of us run into tough times at some stage and TBH since 2012 I certainly
have. Would I have been able to HODL the full 412BTC? probably not but I would
like to think I would have the vast majority of it.

Back around September 2012 Bitcoin was valued at around $12, so to buy or receive
412 would not have been life changing at all, so early on HODLing was easy.

If you ask about how long. Actually it depends on your own target to hold it for how long, because when the profit you will have is more than enough even though the price has not yet reached $100K. You could also sell it and wait for another drop to buy back at the bottom. So this is a very simple thing actually and you don't need to think about it in a more complicated way if you are really sure about the investment.

I don't know how long will I hold because it also depends on my financial situation. I have goals of purchasing something big in the next bull run so I am not sure how much is left to hold. Although they are not very close to me, I do know two people that first accumulated bitcoin around 2010 to 2012 and both of them continue to hold hundreds of bitcoins each. One of them I cannot forget is his words saying someone does not deserve the high-value price of bitcoin if they cannot hold strong during a bearish season.

It all comes to discipline.

If you are always thinking of you're holdings, you will feel that 3 months = 3 years. If you always think of the possible profits that you can get in holding Bitcoin, you will feel that 5 days = 5 years. You get my point. I guess the owner of that address just forgot that he got that amount of Bitcoins, and I don't know if we can consider him as lucky because he still got the private keys after more than a decade, or he really kept the keys for a reason.

How long can I hold? 5 years is the minimum, but I can still hold it even longer when needed. I mean I know that past performance doesn't mean it will happen in the future, but I believe it will and if that happens, all Bitcoin holders will be happy.

I can barely hold it until I get my investment back and if there is some reason to sell it at a loss then I go for it because we all know that there is no actual/certain time for the Crypto to move according to your conditions.

I believe we all want to hold bitcoin for as long as possible because everyone knows that in the long run, bitcoin only always increases in price, but life is full of surprises, so it can be said how long to hold depends on the financial situation main for each person. If we were rich, financially free, and didn't need to resort to other savings, it would be safe to say that holding for 10 years or more would never be a problem. But if we still stay in a rented house and still have to work to receive a meager salary from taking care of our daily life, it is tough to hold 10 years. I'm also not very rich, so I want to sell bitcoin when it hits $120k or maybe during the upcoming bull season.

Forgot? Possible. But it might also be planned, no one really knows except for him/her. I have tried holding an amount of BTC for more than a year but was tempted to sell during last ATH. in my opinion, holding in long term with consistency is a more stress free investing habit but don't expect instant profit. While short term investment is a technique to get profit instantly nd in accordance with investor's own will. Holding will never be too easy especially if you are conscious about every related news in this industry and ofcourse with its price movement which is determined by demand and market price volatility.

Bitcoin hodling is beneficial for the investor, but it is very disadvantageous for the state and the economy. It makes no sense to invest coins in various projects if hodling coins is much more profitable. If the bitcoin price rises strongly, then governments will have to take action to force people to spend their coins.

Holding Bitcoin for a long period of time is a personal decision, and anybody can do it, in as much as you hold an amount that you are not going to need or affect you for quite a long period of time. Because for such individual to have held that amount of Bitcoin that long period of time without even selling it when the price rose above $60k, is a sign he/she must be a comfortable wealthy individual who has enough money to carter for his daily needs.
So you shouldn't because of this now go invest your house rent or salary into Bitcoin and hoping to hodl it the next 10yrs, because you will likely die of hungry.
But I will love to tell you that Bitcoin is the best alternative to long term investment, that is, if you wish to invest for a long term, then Bitcoin is the answer.

It was a crazy person holding bitcoin for that long, 11 years ago if the count was the same at the beginning of the year it means it was in 2012 the bitcoin price was in the range of $4 - $13 in that year, if it is now with a value of $9.6 million it means the bitcoin that he has about 426.48 Bitcoins, if we predict his purchase price to be around $ 7 in 2012 he spent more or less $ 2,985.36 to buy bitcoins.
That's just a bitcoiner and that's what is called holding, especially if the count is bitcoin when the ATH is $ 69k maybe the money he has is as much as $ 205,989,840. it's really crazy. I myself don't know whether I will be that strong in holding bitcoin, especially with such a large amount, just a few days apart, I have seen my bitcoin when there is an increase or decrease in the market.

There could be a wide variety of reasons. from lost and recovered to forgotten in an old wallet or even a planned holding. It's honestly a great amount of time, and if it was on purpose, it makes me wonder how s/he got through the ATH without the temptation to sell. I've been holding a relatively small amount of Bitcoin since 2020, and the thought of selling hasn't crossed my mind yet, but 412 bitcoins? That's a great number, which in my opinion points out that it wasn't intentional holding; how could someone possibly survive so many ups and downs within 11 years? Unless it's the secondary address of an old investor or miner from the early era, which hasn't been used yet.

I've lasted more than 4 years and until now still fine. People who own bitcoins want to hold their bitcoins until the price can touch a price peak. But unfortunately, not many people can really do that because most of them will panic if they see market conditions experiencing a correction or even a deep decline. But it's very lucky if someone "forgets" their bitcoins for a few years and finally, he can remember it back if he has bitcoins and sells them at the peak price. It would be a rare situation that can happen but he was a truly lucky person.

I think the best way to hold your Bitcoin is to put it in your wallet, delete the app and forget about crypto for 10 years. This is how they do it.

They could be the old gang during the old days of Bitcoin and just was really expecting Bitcoin to reach at this price or maybe they just needed money that's all.

I can hold for more than a year depending on the urgency to the need of money and that is why I don't make investment as another "full-time job" since it is an unstable one. You never want to fall behind your bills once they arrived during bear market.

The question is, is it something that I can afford to lose? Investment plan should be with the assets that you are willing to lose. So if that what it is, then there's no problem to hodl it for over a decade. But in many situations we have to put our hand on those savings. But still if we manage to avoid that, then no problem at all.

And the news seems like, that guy actually did forget his hodling, and somehow he got them back, so now he's moving them. Whatever it is, this is an example of HODLing.

We don't know if the owner is sole person or an institution and decide to move the holdings for profit taking matters. But even if this is somehow not good to see still this is good that there are someone that earning a good profit with this for holding those btc for such a long time. I don't know in modern era there are people who's willing to hold the same timespan as they do because way back then bitcoin is so cheap compare to now bitcoin is much expensive so maybe a person will doubt to let their huge money sleep for long time span since they might lose due to inflation or other bad things that could happen.

Are you sure you can do it? are you sure you will never check bitcoin price or news about bitcoin in 10 years? Even if you delete the app but if you still check its price every day you will not be able to avoid the temptation if your fortune increases unless you stop using the internet in those 10 years.

I have 8 year old coins myself. 11 sure is a dedicated investor because at that time you were able to get bitcoin from faucets. Those were good times when you could get free money.


Unless he lives in Beverly Hills, NY, Silicon Valley... Or many other places. Come on man, it looks like a big amount but it's only 8 million USD. For many people that's pocket change. SBF was spending more with one hand while picking his nose with the other. Bernie Madoff was able to get 30 million investments into his scam from some of his wealthier investors. 8 million may be a lot for a normal person, but for an actor or a football player it's just a payment for a contract.

If it's not an extreme form of holding then it can be a wallet that has been hacked or cracked. I already some people who are in a mission of doing it in an old Bitcoin wallet which has a good number of Bitcoins inside them. It's also kinda impossible if the users of those coins will just buy it and forget if after so many years. They either have perished already from an unfortunate event or they already forgot an access to their Bitcoins.

There are some who threw away their old computers with Bitcoin on it. Three months of holding is not a joke and if the people isn't used to this then it's normal that they will feel that hodling their coins is like a century already.

The owner moved the bitcoin and not that he sold it. It will be ok to say he did not need the cash from that wallet and am believing that it is possible the owner will have other wallets he has been selling from. Nobody keeps that huge amount of money somewhere and not reduce his risk by selling some. That is my opinion.

Honestly, I wouldn't be able to HODL my stash for so freaking long since I give in to the temptations to sell for quick profits quite often at any point of time due to the extremely volatile nature of BTC.

I lost bigger profits due to these crazy temptations which is alright in my opinion since any profit is still profit at the end of the day which is what truly matters at the end of the day.

Also, most people who HODL for many years are usually investors who completely forgot about their investments.

At first glance this may look like an extreme case of buying early and holding for a long time, I'm not so sure.  There are probably a lot of people who use their Bitcoin on a last in first out basis.  I suspect that is what happens when we hear stories like this.  The owner of that address probably kept stacking BTC for a long time after getting those funds.  This to me is a sign that the user has exhausted the rest of their coins and are resorting to moving coins from old wallets, or perhaps it was a form of proof of funds for some sort of loan or other business arrangement.  I think the odds that someone made a purchase, forgot about it for 11 years, and then decided to sell it now are very low.

Holding is a very decisive aspect where one needs to think and rethink before concluding because one can not be in a situation where one will need financial rescue and you have such funds kept some where and you can not access it. It takes discipline to do such when you are in that kind of situation.ost people holding must have an extra source of income whereby you can depend on it without touching your bitcoin for long irrespective of the market ups and downs. Instead of withdrawing you set a monthly target for yourself where by you would be taking advantage of the market by buying in fractions bit by bit to as to increase your volume of holding.
In conclusion, I think people with extra source of income can likely be the ones who can hold for a long time but those without any source of income would barely hold because they would definitely fall back to their savings for rescue.

We would really come into a time on which we do really need to have some money due to some emergencies or really badly in need of funds on which it is really impossible for you to ignore and impossible for you

not to care that much on converting your investment that you do have and you do know that you do have it and you would really be going into a point which you would be needing to sell it up along the way.
This is why it is really that hard to make out some conclusions in regarding about holding it for long term specially with these conditions and even there's none and you do see that the market is continuing
to pump then you would really be always have the tendency.This is why it is really that hard even when you are just purely holding up.

Well, Satoshi still owns a million bitcoins and it has been sleeping there since the beginning so what we can say about that obsession with holding? ;D

We have to decide until when we are going to hold our crypto assets which varies from one to another depends on their needs and goals, for someone who is very rich and have lot of sources to make revenue then they can wait patiently when one of their asset is bleeding to death, so life is not same for everyone.

Bitcoin holding can ve was taken as a psassivething, as much as I work for money I will keep holding bitcoin because my funds are held in bitcoin especially if the assets are held in a cold wallet.
Bitcoin is for a lifetime which is why I won't give any time frame for Holding Bitcoin, for as long as I have the chance to accumulate more wealth in bitcoin, I will keep holding.

Holders will determine how long it will hold. There are numerous factors to consider when holding Bitcoin. Because when owning Bitcoin, everyone has their own ideas and goals. When they succeed in their goal, they will sell it. I wait to sell till I make a decent profit. I advantage from the volatile. My aim is to build my Bitcoin holdings so that I may benefit well in the long run.

To be fair, I think he would've just sold it if he knew it was there to begin with. My inference is that he completely forgot he had bitcoin holdings and thus commencing this 11 year prop hunt with no whistles. Or perhaps he really is just waiting for 11 years due to some time lock on his wallet or something along those lines but that is implausible, same with him just outrightly waiting til 11 years has passed, when he could've just opened his stash a couple years prior when bitcoin is at an all time high and he could bag more millions.

Good for him, 11 years is a long time and holding through all the bull and bear markets since then must have taken some strong stomach. Only question I have is why sell now? At the moment it seems to me like one of the worst times to sell your coins. Maybe he needs some money, but why not only sell a fraction and at least keep some of the money for the future. If you hold your coins for such a long time you should always keep some. Also anybody who only holds his coins for 3 months can't be looked at as a HODL investors, for that you should be holding longer than a year. Personally I have traded bitcoins quite active in the past and moved on now, for me HODL is the only real option to save and grow my crypto portfolio. I am looking at crypto currencies and bitcoin in particular differently now, it's an asset that should be part of any portfolio. That is why I am planning to leave my coins forever and pass them down to my children and hopefully my grandchildren eventually.

It is also possible the holder of those coins found something wrong with the way they stored their coins and decided to move their coins to protect them, as it does not makes the most sense to try to move those coins now to sell them when the price is not as high as it was at the end of the previous bull market.

And even if they just found out a stash of lost bitcoin it makes more sense to wait for a few years and then sell it, as at that time they could obtain way more money than what they can obtain now.

Some people have it within their capacity to just buy bitcoins and keep holding for an unspecified period of time. People who have this ability and strong holding ability usually have two characteristics in common. First, if you do your fact finding properly, you will find out that most of these persons have other very viable sources of income that can sustain them enough not to think of touching their investments in bitcoins. The second character common to extreme holders is their ability to resist the urge and pressure to sell off some of their bitcoins both in times when they need money and when the market looks to be performing good or bad.

If you plan to hold BTC for the long term or until it is 100k usd, you may want to think over the choice of the wallet you claim you are going to use, if you want to hold BTC for the long period, it should not be in a hot wallet, i would advice you invest in a hardware wallet for the best security, or set up a wallet like electrum on an airgapped device and operate it offline in a safe enviroment. Do not hold your BTC in wallets or apps of centralized services and exchanges.

Almost everyone has this goal, a lot of people are waiting to sell their bitcoins for $100k. In my opinion, 100k USD is not too difficult for bitcoin, just one more bull season, bitcoin will easily reach that goal. I will also sell bitcoin for $100k or in the next bull season, depending on the situation I will make a decision.

Security is something you should not save on, it is better to buy a hardware wallet once and be sure that your funds are safe. Exchanges are good for buying coins, probably for today it remains the most profitable way.

But for long-term storage, this is not the best option. There are many examples and the recent FTX shows how dangerous this is. Those who think that they will have time to quickly withdraw their funds if something like this happens are mistaken. No need to repeat the mistakes of others, no need to lose money in order to learn this lesson.

Sometimes there are people who stay with bitcoin longer because their goal is to survive for more than 1 decade, there are also people who survive waiting for ATH with a 4-year cycle that also really depends on each other's targets, it's just that every time there is a decent profit, it must be taken because of the opportunity it will be a long time coming again so that moment must be used while we can survive with the right time.
Building bitcoin ownership from now on is much better. I also take advantage of this still low price. Therefore, when it reaches ATH in the next few years, we are ready to sell some of the bitcoins we have for profit.

Large Bitcoin investors will show patience during the bear season as well as glitch bulls that will close numerous trading accounts. Despite the significant loss in my portfolio, I continue to hold because I have not yet reached my goals. A bull run for Bitcoin up to $100,000 wouldn't happen overnight; the process would take time. Too much time passed during the bear season, and bitcoin owners are still reeling from the significant losses and cancellation of their trading accounts. One of the main goals for traders looking to earn huge gains with bitcoin or other cryptocurrencies in the market is likely the impending bull season. The single tactic that has prevented the liquidation of my account for me is calculated risk management.

Some people who hold for a very long time didn't do that om purpose. It could be that they forgot their keys or they forgot that had an investment and later recovered when the price is very high.
While some knows they have investments and decided to hold it for a very long time and those are the extreme holders. I don't intend to hold for ever. I will sell when I need money or when there is a major all time high.

Most of the holders are already tempted to sell bitcoin way back when it reached its ATH while its price was constantly dropping. If they still had the keys, but they forgot them and later discovered it after like 11 years, then that is the possibility they sold it immediately. Even myself in the past ATH, I am sure I am really tempted to sell it since I bought it cheaper which you will gain massive profit that time, but if you lost your private key, then you have no choice but to continue holding and hoping to recover it.

Well, we do not know if satoshi is even alive of not, but other than satoshi, there are number of wallets (of course we do not know whom wallets), that are holding bitcoin and never sell even at the top of bull market.

These are the two true holders and bitcoin reward the most to those who can hold it for the longest time period.

Not only Extremely Holding but that's quite Extremely Interesting. While the address wasn't included in original post, I did quick research and find out that this is the address we are talking about: 1MMXRAo6CZQ5KuLkboQ3tULhZZtj3ovmjT

This person has been active from the very first day, i.e. since 2012. This is the time when he created wallet.
Here is the list of his transactions (click on image for higher resolution):
https://i.imgur.com/XxkbjSa.png (https://i.imgur.com/XxkbjSa.png)

What makes me kinda curious is that why did he decide to withdraw coins right now instead of bitcoin halving days? If he sold during peak times and bought during the fall when it was floating between 16K, he would truly have tremendous amounts of coins. Transaction from an old address would also attract some attention and create a little hype during that time.

I have to say I haven't done this yet, and I have been around for 10 years or so, and I failed to see how much it can go up. But I learned from my mistakes and bought some in 2018 and been buying some constantly whenever I get some money as well. I have three coins, bitcoin, ethereum and bnb, and I trust them a lot, I do not have much bnb, just one, rest is in bitcoin mainly and a bit of ethereum. I have been doing this for nearly 5 years now, sold some at some times, and recently sold all of it to send donations to earthquake victims in our nation, but I did it for 5 years before I had to sell, and I could have hold even longer if I didn't do that, which is why I believe that it is not really unlikely for people to hold for that long at all.

There is no doubt about it, more longer you hold then the reap will be higher but how long to hold is too much long just for the sake of asking and excluding the users who treats 1 btc = 1 btc no matter what.

I know a man who has been storing his bitcoins for more than five years and is still not going to sell them, his plan is to wait for the next major growth, he believes that the price will be 100 thousand and until then he will continue to increase his savings.There are people who clearly follow their plan.

It is really interesting to think of the reason why the owner of that address decided to move the coins right now since if the intention of the owner is to sell those coins then he just need to wait another two years in order to get the possible maximum profit for those coins.  But well, we don't know if the person have the emergency and in need of a huge fund  to cover the needed amount.


True many of us think that the coins in the given satoshi wallet address is unmoved because satoshi is not in this world anymore.  So it would be a huge surprise if those coin become active all of a sudden.

I have seen stories of dormant wallets coming to life like this from time to time.  Sometimes I think it's just lost wallets that have been found, sometimes it's people who truly had been holding that long out of pure will, etc.  Either way I think it's important to know it's smart to hold, have strong hands, but that goes for all investments.  I personally think it's important to spend bitcoin too.  Help out with it's ecosystem.

That sounded pretty incredible, because I'd never heard of such a thing before. But is a man holding huge amounts of Bitcoin waiting for a $100K price growth? Because if you only keep it in a small amount, I don't think it will be extraordinary enough for him even if the Bitcoin price reaches $ 100K later. If he was a big man with a lot of capital and still really believed in Bitcoin, surely he would try to add more Bitcoin savings before the $ 100K price happened to Bitcoin.

Doesn't matter how much they have compared to us, it matters how much he has compared to his old self. Which means, if he is living in a poor nation and making a small amount, that means even if he turned 50 dollars into 500 dollars that could be a good amount to have on the side, or turning 500 into 5k would be a life changing thing for them maybe.

I know that people are confused how 5k could change a life when it is one months salary for many people, but the truth is most of the world lives under 500 dollars a month, and that would be nearly a whole years worth of salary all at once and could change someone's life if they live in a country like that.

The reasons not because people can not hold there Bitcoin for a long time as like many of the whales had been holding for long, the main reason is that many  of us are not too financially bouyant that is why it does look like we are not going to hold for a long since all pockets are not thesame. Some persons pocket is wide while some are narrow. The market is very competitive so we have so many options for us to buy any cryptocurrency we like that is why many of us are not bothered of holding large quantities of Bitcoin. We don't have to worry but to buy Bitcoin according to our pocket.