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Author Topic: Wonder how many people can hold BTC for more than 3 years  (Read 3680 times)
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October 29, 2017, 06:31:44 PM
 #21

BTC was around $300 3 years ago.

Wonder how many people can hold BTC for more than 3 years and enjoy the amazing profit in this period Smiley
I for one will be incapable for holding bitcoins fr that long but i have recently made up my mind to start holding bitcoins for the foreseeable future because i see that i have missed some good opportunity by not saving but rather spending my BTC.

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October 29, 2017, 07:19:39 PM
 #22

Well, if they bought em for around $15 each, I don't think they would have a hard time holding on to them. They can just take out some every now and then and keep most of it. Even if prices crashes anyway, it's not like they'd lose much considering how dead cheap they bought their bitcoins.
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October 29, 2017, 09:59:24 PM
 #23

Let is calculate and predict the bitcoin price in the upcoming three years. You said the bitcoin price was 300$ three years ago. And now, it is around 6000$. In three years, it has risen by 5700$. So if we multiply 5700$ with 3, we will get 17100$. That will be the price of bitcoin in three years.

It is just a prediction based on the movement of bitcoin in three years. Nothing is true. But I strongly believe it will go beyond that price and reach 20k$.
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October 29, 2017, 10:03:02 PM
 #24

There is so many people having the possibility to hold bitcoin for more than 3 years. Already there are already few people started holding since 2011 and they keep their bitcoins until now despite the price rising.
This people believe in bitcoin as the currency of their future, so they hold it for years.


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October 29, 2017, 10:29:00 PM
 #25

Well, if they bought em for around $15 each, I don't think they would have a hard time holding on to them. They can just take out some every now and then and keep most of it. Even if prices crashes anyway, it's not like they'd lose much considering how dead cheap they bought their bitcoins.
That might be true, but some people, well, just like me, always seeing the price of bitcoin after buying some, and always have a thinking of selling it when pumps occur, and it seem that holding for more than 3 years
from my perspective, kinda hard to do.
Pretty sure that most of those people who ended up being millionaire from bitcoin are just don't care about their bitcoin, let it be, and magic pop out, the price increasing so signficantly, while im here, always monitoring the price 24/7

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October 30, 2017, 12:55:06 AM
 #26

BTC was around $300 3 years ago.

Wonder how many people can hold BTC for more than 3 years and enjoy the amazing profit in this period Smiley
If I would have had money to invest in bitcoin I would have kept my bitcoin in the wallet until now. The problem is that I dont have money to invest in anything so everytime I get some bitcoins in my wallet I exchange it for fiat.
It is pretty hard to keep bitcoin when you see that the price is going up so much because you are afraid of not losing it. But there is no reasons to worry. The price will go up in next 5 years.

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October 30, 2017, 01:40:25 AM
 #27

Let is calculate and predict the bitcoin price in the upcoming three years. You said the bitcoin price was 300$ three years ago. And now, it is around 6000$. In three years, it has risen by 5700$. So if we multiply 5700$ with 3, we will get 17100$. That will be the price of bitcoin in three years.

It is just a prediction based on the movement of bitcoin in three years. Nothing is true. But I strongly believe it will go beyond that price and reach 20k$.
This is an interesting calculation.
But in the last 3 years, we have a lot of bad news about bitcoin exchanges plugged in at market prices.
If in the next 3 years news about bitcoin shows that positive things, then this calculation we duplicate to X5 Smiley
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October 30, 2017, 01:52:18 AM
 #28

if we are refereing this to the number of forum members here since the beginning i'm sure the older member and the earlier adaptors are the sure holder of btc because they already know how it works and how importance is the bitcoin and its blockchain. thru thick and thin die hard bitcoin supporter and long term holders are proved to be the next billionaires.
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October 30, 2017, 02:23:35 AM
 #29

I purchased by first mBTCs in 2014. And I am holding a part of them ever since (it is a little bit complex, as most of my Bitcoin earnings came from signature and bounty campaigns). But between 2014 and 2017, I was forced to sell a lot of my coins, and most of the time at extremely low prices. But then, I was not financially very sound and there were hardly any other options.

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October 30, 2017, 02:34:41 AM
 #30

Let is calculate and predict the bitcoin price in the upcoming three years. You said the bitcoin price was 300$ three years ago. And now, it is around 6000$. In three years, it has risen by 5700$. So if we multiply 5700$ with 3, we will get 17100$. That will be the price of bitcoin in three years.

It is just a prediction based on the movement of bitcoin in three years. Nothing is true. But I strongly believe it will go beyond that price and reach 20k$.
This is just speculation you are not including any barriers to now only country to ban is china there are rumours again they will resume trading again but what guarantee is there that in future no other country will go against btc.

Well, if they bought em for around $15 each, I don't think they would have a hard time holding on to them. They can just take out some every now and then and keep most of it. Even if prices crashes anyway, it's not like they'd lose much considering how dead cheap they bought their bitcoins.
Oh boy  $15 each that's a pretty dope rate many early investors had sold most of their hold but cheers to you for still holding on.

BTC was around $300 3 years ago.

Wonder how many people can hold BTC for more than 3 years and enjoy the amazing profit in this period Smiley

It is not necessary to hold for 3 years to make that much profit. Alternatively, one can do smart trading. Buying low and then selling high. In this way, person can make much more profit than 20x in such long period as of 3 years.
I am doing something similar from last 10-15 months and able to make much more profits than what I would have made if simply hold the Bitcoins.
Yes exactly i was looking for someone to say this simply holding btc isn't a good choice at all i do get the fact btc has way to many risks involved weather you decide to trade or gamble but if you are someone who bought btc at $5k in order to double your profit it can take upto a year or even more with smart trading you can surely get your profit more faster.
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October 30, 2017, 04:46:56 PM
 #31

Well if you'd give me a bitcoin, yeah, I can hold on to that for 3 years. I got it for free anyway. People only get scared and sell if they didn't buy it during a plunge. They worry that if they don't sell during a spike, they might lose money. It would take a lot to destroy bitcoin permanently now.
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October 30, 2017, 04:54:17 PM
 #32

Whenever bitcoin price skyrocket, rise over $500 or $1000 within few months, most people tend to sell bitcoin due to 2 reasons;
- time to extract profit
- fear of missing out
It's inevitable for people which intrigue by the higher price of bitcoin, especially whoever buy it in the dip.
I can't hold btc for more than 3 years obviously, I prefer to sell it at the peak or in case I need cash.
But, prefer to sell bitcoin partially, not all at once.

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October 30, 2017, 05:12:33 PM
 #33

Well, if they bought em for around $15 each, I don't think they would have a hard time holding on to them. They can just take out some every now and then and keep most of it. Even if prices crashes anyway, it's not like they'd lose much considering how dead cheap they bought their bitcoins.
Oh boy  $15 each that's a pretty dope rate many early investors had sold most of their hold but cheers to you for still holding on.
No, I didn't buy at that price, though I wish I heard about it years ago, ahaha.
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October 30, 2017, 06:07:42 PM
 #34

BTC was around $300 3 years ago.

Wonder how many people can hold BTC for more than 3 years and enjoy the amazing profit in this period Smiley

In 3 years Bitcoin should have very good gains, but I don’t expect it to double each year. There could we a down year or a year where the growth is flatter than this past year. I think Bitcoin will have success but not at the pace of the past year. I agree that holding is the key to making us wealthy. If we can hold one Bitcoin for 10 years, it will probably be worth somewhere in the six figures.
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October 30, 2017, 08:14:35 PM
 #35

You have to be really optimistic and have a strong belief in the future of Bitcoin to do so. Let's suppose you bought 10 BTC and the price got doubled in a year, how can you handle the stress when the price start going down for some reason? how can you stop your self from selling your BTC to cut the losses?
Any ordinary person that can't handle such situations, it will be wise to buy bitcoin with money that he don't really need and just forget about it for a long time.

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October 30, 2017, 09:31:56 PM
 #36

BTC was around $300 3 years ago.

Wonder how many people can hold BTC for more than 3 years and enjoy the amazing profit in this period Smiley
I don´t think there are that many holders of the cheapest coin. There is always a psychological point where people sell and then can re enter with part of the profit off course.

Just think of yourself buying lets say monero now for 80 dollars or eth for 300 or any other example... will you be able to hold it to 6k without selling? evrything inside you will advise you to take profit before it goes that high.

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October 30, 2017, 09:45:23 PM
 #37

BTC was around $300 3 years ago.

Wonder how many people can hold BTC for more than 3 years and enjoy the amazing profit in this period Smiley
I don´t think there are that many holders of the cheapest coin. There is always a psychological point where people sell and then can re enter with part of the profit off course.

Just think of yourself buying lets say monero now for 80 dollars or eth for 300 or any other example... will you be able to hold it to 6k without selling? evrything inside you will advise you to take profit before it goes that high.
Indeed, for the people who have been using bitcoin for quit some time, at some time in thier jornney have had an urge to exchange their coins or at least a part of it and get it in cash, or the ones have hold it for a long time probably got it when it was about 300$ but back then they didn't even dream of reaching 6000$ like tody, so probably as soon as it hit 1000$ or maybe less they sold it, and the small percentage of poepel who have held it all this time probably forgot they even had bitcoin.
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October 30, 2017, 10:15:06 PM
 #38

BTC was around $300 3 years ago.

Wonder how many people can hold BTC for more than 3 years and enjoy the amazing profit in this period Smiley

I'm sure there are a lot of early holders out there, I'm sad I didn't even knew bitcoin back then, but I think it's a lot easier to be a holder now, than it was a few years back. There is more trust around bitcoin now than it was back then. Early adopters would have to survive the MtGox scandal, and the silk road scandal as well. Also bitcoin is getting regulated, which means that is gets easier to trust it now. There is no reason not to hold in these days. I think we are not to late though, since this is just starting. We are also early holders!
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October 30, 2017, 10:52:19 PM
 #39

 Smiley i think I can not count but it's a bit because of the size of bitcoin when it comes to people who work for three years it means that there are many who hold bitcoin youngest first person here to work for so long .now that they have been leading campaign's to do every work here in bitcoin...
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October 31, 2017, 01:00:28 AM
 #40

there are a handful of long term holders of bitcoin here, but the initial amount of that btc was already traded but they still do buy-back method, like if they had 20 btc at a start worth 300 USD each and its worth 6000 USD initial investment 3 years later the BTC surge to 3000 USD, so what they do is sell-off like 3 to 5 btc and they get 15k USD, so they made a profit more than 200 % percent out of 3 btc, they will buy back if the btc drops to 3k below like 2.5k. and bought 1 btc again, if it hit again like 5k or 6k then the same process they will do. 
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