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Author Topic: Wonder how many people can hold BTC for more than 3 years  (Read 4067 times)
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February 23, 2018, 09:11:01 PM
 #261

Not all can, but some can. Buying when cheap and selling when it high is a good thing and im sure the profit will be huge. For me, I dont think I can hold for three years.  Well maybe if I have enough or more than enough which I will, then I can hold.

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February 23, 2018, 09:40:13 PM
 #262

This is a tough question because it takes statistics to answer this question. But one thing is for sure and that is plenty. Alright, I'll give an estimation. In a span of 3yrs, there were times that for how many times in a year, bitcoin price changes. And I believe that every time it changes, it changes the bitcoin holder as well


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February 23, 2018, 09:50:00 PM
 #263

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 remember it was just two years ago when the price of bitcoin was around $350 and I started to work in bitcoin community. At that time I was well aware that the price of bitcoin will reach too much higher but due to the expenditures on me I was unable to hold all my earnings but still I have some from time to time and in that I have some amount for which I am very happy and Thankful to God.
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February 23, 2018, 10:21:42 PM
 #264

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 few people can do that because as of now lots people that want to buy and sell than to hold their bitcoin. Some of them have weak hands once they know that they get a profit they sell it.

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February 23, 2018, 10:35:01 PM
 #265

If you arrived in late 2013 then you would've recorded a loss had you not held for more than three years.

My average was considerably lower than that peak but I was underwater for very long periods. I fully expected some wobbles when I got in, but I certainly wasn't banking on that much brutality.

Anyone getting in now and hopefully not planning to trade needs to make their peace with the idea that there'll be some alarming periods. If you're panicking on a minute by minute basis then you're doing it all wrong. Go for a stroll and come back in 2020.
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February 24, 2018, 09:03:23 AM
 #266

What we are experiencing right now with bitcoin i don't think some of the investors who have invested won't hold their bitcoin for three years to gain profits as long as they can earn a small.profit I'm pretty sure that they gonna sell it.

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February 24, 2018, 09:19:40 AM
 #267

What we are experiencing right now with bitcoin i don't think some of the investors who have invested won't hold their bitcoin for three years to gain profits as long as they can earn a small.profit I'm pretty sure that they gonna sell it.


Well, i think its not essential to hold bitcoin for more than 3 years because most people here in a crypto world have purely smart trading. As i notice them commonly a wise man they are one of people do buy low sell high pretty hard that 3 years will make it.
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February 24, 2018, 04:12:42 PM
 #268

I agree, it is easier said than done when holding Bitcoins with all the things it had to survived in the past, but I believe these holders made the right decision and are now enjoying the fruits of their patience. I believe a lot of them are here, sharing their stories and lessons they have learned from Bitcoin.
Long term holding is always very helpful to acquire good profit in bitcoin and if world know the exact high value of bitcoin after three years they will never sell their coins now everyone will hold till that value,
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February 24, 2018, 05:31:21 PM
 #269

I would if my living situation wasn't so messed up, and for that reason I will withdraw a tiny % after one year. However, once getting a solid amount out after one year I don't envision myself withdrawing for a couple more years and by that time BTC may become worldwide accepted currency, which would be thrilling!

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February 24, 2018, 06:12:33 PM
 #270

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

This is a really interesting topic you raised. Although, most people tend to trade their bitcoins once they are a able to get a few bitcoins, there are so many others who prefer to hold their bitcoins over a long period of time.
There are a lot of people who venture into bitcoin in the early years of its inception and held it for more than three years. They are the ones that owned a lot of btc now.

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February 24, 2018, 07:01:46 PM
 #271

in addition to billionaire bitcoin tyler and cameron Winclevoss brothers.
I'm sure there are many more who buy bitcoin in 2013 and hold it until now.
and those who do so, will enjoy huge profits at this time.
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February 24, 2018, 07:17:24 PM
 #272

I think people who kept Bitcoin that long are those who maybe didn't even have the intention to cope with Bitcoin seriously on long term. Maybe they have bought it and just forgot about it and left it to sit idle in some wallet.
I seriously doubt that all of them are visionaires who knew how the Bitcoin price will develope and thus they were speculating. But if they did that now they are more than happy with their decision.

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February 24, 2018, 09:38:18 PM
 #273

I think people who kept Bitcoin that long are those who maybe didn't even have the intention to cope with Bitcoin seriously on long term. Maybe they have bought it and just forgot about it and left it to sit idle in some wallet.
I seriously doubt that all of them are visionaires who knew how the Bitcoin price will develope and thus they were speculating. But if they did that now they are more than happy with their decision.


     Well, that really does make sense. Because clearly, as what I understand it to be, if anyone is serious about something or is really into something, he will always want to have information about it. See it, monitor it etc., etc., etc.. Just like how a man takes care of his car, or a woman with her nails. Those are just a few examples. Now, out of all these examples, Do you think that bitcoins are any different from them? Because I most certainly do not think so. Which is why most of us often look at the prices of bitcoins on the market and get totally depressed when prices go down drastically or be so damn happy that we wanna throw a party when we see huge increase in prices. Therefore, I conclude that most of the people that have been able to hold their bitcoins for that long are people who have only invested very small amounts of money back then and doesn't really care about cryptos that much when bitcoins were still cheap as fuck.

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February 24, 2018, 11:20:35 PM
 #274

Many people cannot hold bitcoin for that long time. Because when they see a pump they tend to sell their bitcoins. Its hard to resist if you see that you can get a big payout when bitcoin pumps.

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February 25, 2018, 01:31:06 AM
 #275

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
Thats the key to success; being patient. If you will invest your money in bitcoin, it is better to be a long term investment since the longer you wait and hold your bitcoin, the larger profit you can have in the future. Do not do panic selling if bitcoin is experiencing crash because you will only lose a lot of money.

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February 25, 2018, 05:31:58 AM
 #276

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
Thats the key to success; being patient. If you will invest your money in bitcoin, it is better to be a long term investment since the longer you wait and hold your bitcoin, the larger profit you can have in the future. Do not do panic selling if bitcoin is experiencing crash because you will only lose a lot of money.

yes, I agree with you but some of us don't have patience and selling their bitcoin when the price is dropped too far. I think this is a mistake because we don't have to sell the bitcoin and we can buy another bitcoin if we still have money so we can increase the amount of bitcoin that we have and besides that, our average buy price will reduce so when the price gets back to increase higher, we can take a good profit if we decide to sell our bitcoin. there are many people still panic when they see the price is down and they cannot hold any longer and they only sell the bitcoin.



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February 25, 2018, 06:19:32 AM
 #277

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
Thats the key to success; being patient. If you will invest your money in bitcoin, it is better to be a long term investment since the longer you wait and hold your bitcoin, the larger profit you can have in the future. Do not do panic selling if bitcoin is experiencing crash because you will only lose a lot of money.

yes, I agree with you but some of us don't have patience and selling their bitcoin when the price is dropped too far. I think this is a mistake because we don't have to sell the bitcoin and we can buy another bitcoin if we still have money so we can increase the amount of bitcoin that we have and besides that, our average buy price will reduce so when the price gets back to increase higher, we can take a good profit if we decide to sell our bitcoin. there are many people still panic when they see the price is down and they cannot hold any longer and they only sell the bitcoin.
It is hard to hold more than 3 years. I think a person doing that have a another income in there daily needs. Because we all know that in times we need a money we want grab that price even thats not our target. All we want is higher price to have huge profit as well .Each one of us has different decision makings if we want to have a long term or a short term to hold BTC. Its up to us how we can handle it.
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February 25, 2018, 06:28:42 AM
 #278

Many people hold bitcoin for more than three years, because they know the potential of bitcoin and it brings them huge wealth.

Bitcoin is a long-term investment, so I've also stored some bitcoins for years to sell.
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February 26, 2018, 04:37:46 PM
 #279

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
Thats the key to success; being patient. If you will invest your money in bitcoin, it is better to be a long term investment since the longer you wait and hold your bitcoin, the larger profit you can have in the future. Do not do panic selling if bitcoin is experiencing crash because you will only lose a lot of money.

yes, I agree with you but some of us don't have patience and selling their bitcoin when the price is dropped too far. I think this is a mistake because we don't have to sell the bitcoin and we can buy another bitcoin if we still have money so we can increase the amount of bitcoin that we have and besides that, our average buy price will reduce so when the price gets back to increase higher, we can take a good profit if we decide to sell our bitcoin. there are many people still panic when they see the price is down and they cannot hold any longer and they only sell the bitcoin.
It is hard to hold more than 3 years. I think a person doing that have a another income in there daily needs. Because we all know that in times we need a money we want grab that price even thats not our target. All we want is higher price to have huge profit as well .Each one of us has different decision makings if we want to have a long term or a short term to hold BTC. Its up to us how we can handle it.

Yeah that's likely how thise people were able to hold that long. They don't monitor the price every now and then and probably have a bigger source of income that they can afford to not think about their portfolios. With btc's value today, that would be extremely hard to do

 
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fiulpro
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February 27, 2018, 03:20:52 AM
 #280

If someone have bought bitcoins from someone else's money or may be by borrowing money them they certainly cannot hold it for too long, let alone three years. There are people who do this. They get so crazg over the whole profit making thing and end up getting into debts for few or even parts of bitcoins. Such people wont be able to hold it for much longer as they need to payoff their dues and thus they will sell their holdings as soon as they see the prices rise a bit.

On the other hand, if someone bought bitcoins from some surplus amount them they dont have the fear of losin it or rather they can easily hold it for a longer period of time. Someone who have earner btc out of nothing can also easily hold it for long years in order to make good profit because they got nothing to lose, unless they are very greedy though.

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...#EndTheFUD...
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