Learn from others mistakes. Hodl

[Farma]

Well, learn from the past is very good, especially in a case like this. if you're able to not follow those who sell bitcoin, bitcoin might hold that you have to be very profitable.

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[Barbut]

In 1976 Ronald Wayne sold his 10% share in Apple computers for $800.  If he had held his stake today it would be worth $60,000,000,000 (60 billion).  This why i will never sell my Bitcoin for fiat, i'll keep it till i dont have to.  

https://www.youtube.com/watch?v=bvWh8sh_wPY

Your comparison is on place, and I watched about village in Florida where everyone have shares from coca-cola, some adviser told them to buy that and hold coca-cola shares more then 50 years ago, and I`m sure there is bunch of other similar cases in history. But there is one little catch, not everyone of us is in position to wait and hold. While you wait and holding live is passing, there are expenses and needs, and not to mention critical and accidental situations where we need to pay something a lot more then we can afford to pay. First you need to have enough money to pay bills, to have for food, clothes, and fun with your family, maybe to afford some vocations, and only then you can think about saving, but man I work for less then 4000 $ a year... its less then 4 bitcoins each year at the moment, from where to save?
Edit: Yes I can save from my gambling, but then I will ruin even that one chance for making a bit more money then I currently earn.

[BitDane]

We cannot tell that to those who earn bitcoin like in signature campaigns here to pay their bills. I hope everyone hold as well because of the rise in price but its not true to others.

Honestly they can still do that (paying bills from the BTC they earned) but we can at least suggest them to save at least 5% of their BTC earning (to not have much impact if it is one of their main source of income)  5% when saved in a very long time can be a big amount too.

[jbreher]

What if Bitcoin reaches $10k and you have a lot of coins (20+) wouldn't that be a good moment to live your life,...

Whatevs. What is a couple hunnert thousand (a couple years first-world salary) against potentially life-changing money? I'm riding this charger as far as it will take me. Better live either as a king or a pauper rather than to merely retire a few years earlier.

What if you have 100 coins, and it hits $10k.

I would probably retire...

That could work in some parts of the world. For me, I'd need several times that. As in some single-digit multiple.

[thresher]

Learn from other's mistakes, sold lows 20s amount of coins (mostly bought in 200 range) I believe around Jan last year at a little over $400.  Been through too many pump and dumps and didn't want to have to pay attention to btc anymore.  Sucks, but i'm glad to see btc at a high level regardless. 
I mean it is a better option for Chinese billionaires than stock piling aluminum or whatever they are doing these days, so up we go             

[CyberKuro]

In 1976 Ronald Wayne sold his 10% share in Apple computers for $800.  If he had held his stake today it would be worth $60,000,000,000 (60 billion).  This why i will never sell my Bitcoin for fiat, i'll keep it till i dont have to.  

https://www.youtube.com/watch?v=bvWh8sh_wPY

Your comparison is on place, and I watched about village in Florida where everyone have shares from coca-cola, some adviser told them to buy that and hold coca-cola shares more then 50 years ago, and I`m sure there is bunch of other similar cases in history. But there is one little catch, not everyone of us is in position to wait and hold. While you wait and holding live is passing, there are expenses and needs, and not to mention critical and accidental situations where we need to pay something a lot more then we can afford to pay. First you need to have enough money to pay bills, to have for food, clothes, and fun with your family, maybe to afford some vocations, and only then you can think about saving, but man I work for less then 4000 $ a year... its less then 4 bitcoins each year at the moment, from where to save?
Edit: Yes I can save from my gambling, but then I will ruin even that one chance for making a bit more money then I currently earn.

That's why people keep buying while others selling their coins, to pay the bills and daily expenses or invest in somewhere else (business). Indeed, some has resources to hold but others don't. Same condition to bitcoin holders, make people trade to get profits instead of waiting for a long term. I'm facing the same process, but I've tried to hold and sell just a bit to cover my expenses and manage to save big portion of my bitcoin.

[The Sceptical Chymist]

We cannot tell that to those who earn bitcoin like in signature campaigns here to pay their bills. I hope everyone hold as well because of the rise in price but its not true to others.

It boggles my mind that that actually occurs, but  it shouldn't surprise me.  Even the campaign I'm in now pays >$20/week, and that's not chump change by any means.  I have a regular job in real life that pays the bills, so I'm doing my best to just hold onto whatever bitcoin I get--and hope my campaign doesn't drop their rates like Secondstrade did a few times (though it's understandable). 

I've definitely made the mistake of not holding bitcoin.  The buy-and-hold strategy doesn't work for everything, but I'm a believer in bitcoin.  I think HODLing is the best strategy.

[pixie85]

What if Bitcoin reaches $10k and you have a lot of coins (20+) wouldn't that be a good moment to live your life,...

Whatevs. What is a couple hunnert thousand (a couple years first-world salary) against potentially life-changing money? I'm riding this charger as far as it will take me. Better live either as a king or a pauper rather than to merely retire a few years earlier.

What if you have 100 coins, and it hits $10k.

I would probably retire...

That could work in some parts of the world. For me, I'd need several times that. As in some single-digit multiple.

You're greedy.
I know that what works for someone doesn't really have to for the rest of us, but $1 million is a serious sum. Most of us won't hold this much cash ever.
Given this much money I would retire or hire people to work for me.

[erik m.]

I think in the long run all fiat currencies will be worth less in the future, because they are centralized and highly inflationary currencies. Considering these aspects, I also feel more secure holding Bitcoin.

[cellard]

Same, today we are pioneers of the new economical sistem. HODL!

Yes we are, but most people will get desperate and they will give in to the temptation of selling and buying a nice car or a nice house. They will not wait the 10 to 20+ years to see the big big millions, so 21 BTC holders will become increasingly more elite with time, also consider all the coins that constantly get lost and there you have it, that is why me and a lot of pother people dream with 21 BTC long term position.

[jbreher]

What if Bitcoin reaches $10k and you have a lot of coins (20+) wouldn't that be a good moment to live your life,...

Whatevs. What is a couple hunnert thousand (a couple years first-world salary) against potentially life-changing money? I'm riding this charger as far as it will take me. Better live either as a king or a pauper rather than to merely retire a few years earlier.

What if you have 100 coins, and it hits $10k.

I would probably retire...

That could work in some parts of the world. For me, I'd need several times that. As in some single-digit multiple.

You're greedy.
I know that what works for someone doesn't really have to for the rest of us, but $1 million is a serious sum. Most of us won't hold this much cash ever.
Given this much money I would retire or hire people to work for me.

You can call me greedy if you so choose. I will neither agree nor disagree. I will say however that if I am greedy, that I am not maliciously so.

Current wisdom (such as it is) from Certified Financial Planners in the USA (where I live) is that, if one retires at a 'normal' age (e.g. 65 or so), you can likely spend about 4% of your initial nest egg per year without the money running out before your telomeres do. So for a Million, that's $40,000 a year. And that percentage would need to go down if you retire earlier, or your death will be hastened by the fact that you've run out of money. I agree that $40K/yr would be fine for some people. For me, that would be a step backward. Why would I stop working if I'd have to curtail my fun activities to do so?

[CraigWrightBTC]

In 1976 Ronald Wayne sold his 10% share in Apple computers for $800.  If he had held his stake today it would be worth $60,000,000,000 (60 billion).  This why i will never sell my Bitcoin for fiat, i'll keep it till i dont have to. 

https://www.youtube.com/watch?v=bvWh8sh_wPY

Yes it is real business and I have started put some profit from trading on bitcoin, ETH, ETC
and other altcoins that has big marketcap more than 100millions,
I took reference from http://coinmarketcap.com/ I think the coins will grow up like on real business Apple computer.

[maydna]

it is always a good lesson for us if we can learn from others mistakes and i think it would give me some good information that if there are ane new thing that come to me, i would not getting to fast giving a judge and it will be good if i am thinking more deep about the information so i am not make any mistake like what Ronald Wayne do with his shares in apple. and if this is related with investment with some company, i think we deserve to thinking for a while before we made decision because its related with our future in that company too. thank you for good informations and i will listen and considering this as my lesson too.

[Red-Apple]

In 1976 Ronald Wayne sold his 10% share in Apple computers for $800.  If he had held his stake today it would be worth $60,000,000,000 (60 billion).  This why i will never sell my Bitcoin for fiat, i'll keep it till i dont have to. 

https://www.youtube.com/watch?v=bvWh8sh_wPY

this is a pretty interesting comparison between bitcoin and Apple shares. and it is actually a comparison that i used a couple of times before too.
although i don't like the idea of never selling. i am always buying bitcoin and earning more at the same time but i also sell some, for example if i win something in a dice game or when i am paid i withdraw some of it and convert to fiat to use and hold the majority of my coins.

[BitHodler]

In 1976 Ronald Wayne sold his 10% share in Apple computers for $800.  If he had held his stake today it would be worth $60,000,000,000 (60 billion).  This why i will never sell my Bitcoin for fiat, i'll keep it till i dont have to. 

https://www.youtube.com/watch?v=bvWh8sh_wPY

this is a pretty interesting comparison between bitcoin and Apple shares. and it is actually a comparison that i used a couple of times before too.
although i don't like the idea of never selling. i am always buying bitcoin and earning more at the same time but i also sell some, for example if i win something in a dice game or when i am paid i withdraw some of it and convert to fiat to use and hold the majority of my coins.

It's impossible for people to never sell. They either trade or use their coins to purchase something. If you fully utilize the possibilities that the volatility is offering, then you can put your coins to work in form of trading.

Our main task is to increase the number of coins that we have, right? At least, mine is. In order to do that, you take advantage of the occasional pumps and dumps that the market is experiencing from time to time.

If I just focused purely on hodling without trading from time to time, my coin count would probably be 40-50% lower than what it is right now. That's why I never see dumps as something negative. It's an opportunity.

[Teraboy]

I think in the long run all fiat currencies will be worth less in the future, because they are centralized and highly inflationary currencies. Considering these aspects, I also feel more secure holding Bitcoin.

But it seems bitcoin will be semi-centralised in the future. I don't think if all of the cryptos are centralised. But what's your aspect to make a conclusion about the centralised of a crypto?

[Victorycoin]

We cannot tell that to those who earn bitcoin like in signature campaigns here to pay their bills. I hope everyone hold as well because of the rise in price but its not true to others.

i've seen enough people writing about what they do with their sig campaign earnings. alot of them are squandering it immediately on buying games and stuff.

i fully support people who are participating a bitcoin economy, but damn that is a wasteful move that'll haunt them in the years to come.

Well in an economic sense, all those activities can equally be said to be a participation in the Bitcoin economy. There has to be buyers and sellers at every point in time in any market to provide the necessary volume and liquidity, without which a market could lose its appeal. All bitcoiners  cannot simply hold tight to our coins till it gets to the moon because that's what stands in the way of sustainable growth.

[Dimelord]

In 1976 Ronald Wayne sold his 10% share in Apple computers for $800.  If he had held his stake today it would be worth $60,000,000,000 (60 billion).  This why i will never sell my Bitcoin for fiat, i'll keep it till i dont have to. 

https://www.youtube.com/watch?v=bvWh8sh_wPY

Yes, Bitcoin is the digital gold.I would personally advice every one to hold their bitcoins as we are the early birds to this bitcoin world.Late comers would definitely regret for them being late to this digital gold.But who are running out of their expenses, they could not hold bitcoins.Hope bitcoin holders would be millionaires in the future.

[HabBear]

I'll just sell some Bitcoin when the price goes down again and buy when it goes up.
There's no reason for me to just hold them without earning some extra Bitcoin with the capital.

I believe you mean sell while it's up and buy when it goes down again.

When the price pulls back...don't be sore, buy some more!

[Teraboy]

I think in the long run all fiat currencies will be worth less in the future, because they are centralized and highly inflationary currencies. Considering these aspects, I also feel more secure holding Bitcoin.

It is not true because all of the people around the world is need the fiat currency and we can't erase it from the world.  But i think you still need the fiat currency to keep your life too.