A question to people who have been hodling their Bitcoins since early days

[libert19]

Any person would sell their stash at few 'x', what factors made you keep holding it?

[johnnathanexo]

I take a look at the quarterly and full-year guidance on future earnings and note how that guidance meets or misses. Then I take the decision to hold them or to trade.

[Upgrade00]

There is probably a realization that comes with experiencing multiple market cycles which I consider to be an important factor. Early Bitcoin holders most likely sold some of their stash very early on, but with time realized the worth and the growth pattern and as such tightened their grip on their holdings. Newer investors look at the chart, while earlier ones experienced those bull and bear cycles.

What factors made you keep holding it?

I would say;
• Understanding of the fundamentals; Knowing how valuable an asset is makes it easier to hold it when you consider it to be undervalued.
• Having an investment plan; planning what amount you hold based on how much you can spare and balancing your investment and fiat stash is an important factor, as you are less likely to panic sell.
• Building resolve; I have experienced one bear cycle and imo, that builds your resolve for the future and makes it easier to hodl.
• Finding ways to use Bitcoin as it is(merchants and outlets which accepts it) means you never really need to flip it inorder to spend a bit.

[pooya87]

I don't know if you consider 2014 to be early days but that is how long I have known and used bitcoin. I have also sold bitcoin but only small amounts just to get some fiat out enjoying the profit. Otherwise I always spend bitcoin instead of converting it then spending the fiat.
The reason is simply because I've never looked at bitcoin as something that gives me profit! But instead as a global censorship resistant currency that I can use however I want.

[Maus0728]

It's pretty obvious that you are having any second thoughts in selling your holding due to its current price I presume.

Well, perhaps one of the reason why I still keep holding bitcoin in my pocket is that somehow I believed that these institutional investors who are discreetly buying bitcoin and accumulating as much as they can from retails traders and and exchange companies like coinbase and I am certain that they are doing it for the long haul. However, If it turns out that they are selling tons of bitcoin then it would be a good opportunity to buy at a cheaper price.

Just want to share this quote from Eric Peters

Holding these assets over the long-term aligns yourself with the macro mega-trends of technological advance and currency debasement, both of which appear to be accelerating. And naturally, where this all leads, and to what valuations, will be determined by our collective imagination.

[kolesozw]

Any person would sell their stash at few 'x', what factors made you keep holding it?

To clarify, I'm holding since early days, at least nothing significant.

But a friend of mine, who loves jumping from project to project, was involved in mining 7-8 years ago when Bitcoin was around $300. He mined a couple of hundred coins. When he gets bored from mining, he jumped to the next project, claiming that he never sold the coins. When I spoke with him a month ago, he claimed that the coins are untouched... but here are one tiny details - his parent are multi-millionaires and he doesn't need the money

[OcTradism]

Any person would sell their stash at few 'x', what factors made you keep holding it?

They took profit with small of their bitcoin, got rich enough and are enjoying their lives. For the leftover of their bitcoin (bigger or smaller than the amount they took profit), they are holding it and wait for next halving day.

It is very obvious that they are real bitcoiners and have very strong belief in bitcoin. As bitcoin gets them rich, they won't have things to lose in the future.

If they are enjoying their lives, they likely don't visit the forum and don't see this topic.

[AicecreaME]

I've been hodling some of my Bitcoin since 2017 including altcoins, because I thought bull run will be forever, that a bearish market would just happen in a short period of time but my thoughts disappointed me. I've lost almost 90% of my portfolio by hodling alone, some of the Altcoins I do have got delisted already in the exchanges it could be trade on, so I've learned from my mistakes and moved on.

In Hodling, that doesn't mean you're going to literally just hodl and open your wallet after several years hoping it would pump. A consistent checking of updates is important as well, to avoid your token getting burned or delisted. Same goes to Bitcoin, you'll have to check the trend always so you could know when to sell.

[Crptomagma]

There are many reasons to hold your bitcoin and one of them is the ability to understand the value of what you have and the willingness to let go of it. Many people place more value to bitcoin and selling it is not a good idea for them but rather they seek for means to invest it or keep it as the value continue to appreciate.

[Yogee]

I'm not an "early day" holder but I'll probably become one five years from now. I'll be holding some and selling some for sure. What would let me keep holding some is the potential returns. Let's keep it real.

.... When I spoke with him a month ago, he claimed that the coins are untouched... but here are one tiny details - his parent are multi-millionaires and he doesn't need the money

Hehehe that was a nice little twist to the story. He won't bother touching them since he's not running out of fiat to spend with anyway unlike most people here who needs to pay some bills. I wonder when was the last time he checked his wallet and the value of his holdings?

[shaghayegh7496]

i want to hold my bitcoins to end of the year 

[figmentofmyass]

Any person would sell their stash at few 'x', what factors made you keep holding it?

experiencing 2 distinct bubbles (2013, 2017) is what did it.

in 2014, it was very easy to get pessimistic about bitcoin: merchant and consumer adoption was disappointing, nothing much exciting was happening in the development space, the price was bleeding and bleeding nonstop. there was a general feeling that, "maybe the naysayers were right, maybe it was tulip mania, maybe bitcoin is just a niche currency, maybe i should sell my coins."

fast forward to 2017, when i was holding a lot less coins. that 2nd bubble showed me that bitcoin was here to stay, that mass adoption was an eventuality. and my depleted stash of coins taught me to hold onto them for dear life this time, instead of worrying about the sky falling in a bear market.

that's what it took for weak hands to become strong hands, in my case at least.

[muenze]

Ive always held some and will always do because I thought it might keep going up and I wouldnt want to miss out. You know all this talk of bitcoin ruling the world and there is not enough bitcoin for everyone. But whenever I wanted to buy something or trade bitcoin for fiat i would still do it. I dont feel like I am hoarding them. Like the most fun thing for me is trying to find new projects that may have a value some day like bitcoin, and trading my bitcoin for them. And then actually putting the x50 or even x100 earnings back in bitcoin. I still think so far Bitcoin would be the safest store of value. Next to stablecoins of course which may be even better but also have alot of risks and downsides. Like 3 years from now a stablecoin might be gone or the dollar may be worthless, but your bitcoin will probably still be around and might have gained in value. Even if they will lose in value, they would probably still be above the USD.

[jrrsparkles]

Either they don't need any money right now or they simply believing bitcoin is much higher to go in the future in rare cases they might came from future.

[kolesozw]

I'm not an "early day" holder but I'll probably become one five years from now. I'll be holding some and selling some for sure. What would let me keep holding some is the potential returns. Let's keep it real.

.... When I spoke with him a month ago, he claimed that the coins are untouched... but here are one tiny details - his parent are multi-millionaires and he doesn't need the money

Hehehe that was a nice little twist to the story. He won't bother touching them since he's not running out of fiat to spend with anyway unlike most people here who needs to pay some bills. I wonder when was the last time he checked his wallet and the value of his holdings?

Exactly, he doesn't need to touch the Bitcoin to cover his daily (or other) needs. His parents are sponsoring everything he wants with almost no-questions asked. Unfortunately for us, not everyone is so lucky in life.