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Author Topic: Wonder how many people can hold BTC for more than 3 years  (Read 3680 times)
wolfgang56
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April 22, 2018, 01:57:41 PM
 #421

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 think 1/4 of the population in the world holds bitcoin right now because as you can see bitcoin's popularity is rising than before. So it's quite good if many people will use bitcoin because it rises its value in the market because the more the bitcoin has many users the more the chance that people need bitcoins so it can rise its price.

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EnricoGomez
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April 22, 2018, 01:59:20 PM
 #422

I think not that much.
Financial needs of the people varies from one to another, you cannot really say what can happen tomorrow and what you will need - someone can cash out as he wishes to.
I would say that part of the population is rich enough to sustain his needs without cashing out.
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April 22, 2018, 02:00:39 PM
 #423

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.
There's nothing wrong with spending some bitcoins here and there. This creates more transactions and that means that bitcoin is alive, we are using it because of it's advantages over other forms of payment. But I hodl the majority of my bitcoins for future purposes, maybe buying an apartment and so on.

I think most of the Bitcoin holders has their own reason and the most popular reason is that the price will be expensive in the future so we must hold now. I am also aiming to have my own house so my family can have our own space, I am saving for it and I need the money the reason I hold some of my Bitcoins now, most of them I plan to invest.

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yonjitsu
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April 22, 2018, 02:29:08 PM
 #424

It's a good challenge for both bitcoin and crypto hodlers worldwide to hold their crypto assets for such long duration of hodling. If you can just hold it for such a long time, then you can really have a big amount of money in your wallet because as time goes by, bitcoin's market price is getting higher too.

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April 22, 2018, 07:17:01 PM
 #425

It's a good challenge for both bitcoin and crypto hodlers worldwide to hold their crypto assets for such long duration of hodling. If you can just hold it for such a long time, then you can really have a big amount of money in your wallet because as time goes by, bitcoin's market price is getting higher too.
Holding a coin is not an easy task for sure. It requires a deep knowledge of the coin ad all those people who don’t have any good idea regarding the digital market, they fail to keep their coins during dip. Many people have suffered loss due to this reason. But one thing is for sure, those who hold their bitcoin for a long duration of time, their live standards improve greatly. Holding is the key.
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April 22, 2018, 07:49:09 PM
 #426

Not less than half of the people. Not even me. I mean it could be somehow get useful now as a currency but it is still covered in smoke on that kind of possibility. I will continue to hold whenever things get rough in crypto. 3 years is too much for me to hold my coins. The base amount I have could still be there but most of it will be sold before 3 years arrive.

Why?

Do you have additional financial pressures or you just don't want to do it? It's not hard sitting there and doing nothing. Go and get a pilot's licence or gain 50kg of muscle in the meantime.

3 years will be well past the next halving and there's a strong possibility the price will be considerably higher than it is now.

I don't get why someone would set themselves an arbitrary limit when the possibilities beyond that limit may well be epic.

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April 22, 2018, 07:59:15 PM
 #427

Holding is the hardest thing anyone can.....that's why I salute those guys who bought bitcoin when it had started and are still holding... I don't know if I can hold for more than a year buy yah am trying it with some altcoins
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April 22, 2018, 08:02:33 PM
 #428

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 think 1/4 of the population in the world holds bitcoin right now because as you can see bitcoin's popularity is rising than before. So it's quite good if many people will use bitcoin because it rises its value in the market because the more the bitcoin has many users the more the chance that people need bitcoins so it can rise its price.
that's a bloody lie and using even the supply of bitcoin on average, not even 1/100 in the world own bitcoin and I think less than 3% of the world know about it
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April 22, 2018, 08:05:16 PM
 #429

Bitcoin is not for fainthearted though  Grin
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April 22, 2018, 08:16:19 PM
 #430

I got the first look at Bitcoin when Bitcoin price was just $5 it was around 2011 but I missed it and without lack of understanding of it I just avoided it. It took me a year or two to get back to the system and to understand it in order to make money. For a kid, this thing is pretty Complex but it taught me how to make money, how the money works Under the Hood and how to do learn from the internet it's a life-changing event for me. At that time there are few people in the community but today there are millions of people and many people have decided to hold their coins for under 10 years.


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April 22, 2018, 08:38:39 PM
 #431

I believe that in a living and dynamic economy like the one that today characterizes bitcoin, there should be no place for the old belief that "hodling" is the best thing we can do with our bitcoins. Perhaps those who feel unable to generate bitcoins continuously through their efforts and skills feel a special fear of spending their bitcoins, but those of us who have integrated bitcoin into our real economy should not have a problem when buying and selling bitcoins permenently, regardless of the price that it has.

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April 24, 2018, 10:46:45 AM
 #432

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.
Holding of the bitcoin and that too for longer period is indeed one of the most difficult job to do and that it can only be done if you are having some good patience level but the sad part is not all of us are having this much patience level to keep on holding their bitcoins for this much time. however, if you somehow managed to do so, then you will surely be able to make some huge money.

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