Who has held bitcoin for more than 5 years?

[SLS163]

Hey Guys,
Just curious to see who has held bitcoin on this forum for more than 5 years?
And also, if you've sold it, when did you got in and when did you sold out?

Cheers!

[Yogee]

Hey Guys,
Just curious to see who has held bitcoin on this forum for more than 5 years?
And also, if you've sold it, when did you got in and when did you sold out?

Cheers!

Why is this important to you?

I think many people who have been here for five years or more value their privacy and wouldn't divulge information like that for security purposes too.
Some lunatic could start hunting holders here even if users are supposed to be anonymous.

[SLS163]

Hey Guys,
Just curious to see who has held bitcoin on this forum for more than 5 years?
And also, if you've sold it, when did you got in and when did you sold out?

Cheers!

Why is this important to you?

Because I feel most people has sold out.

Its good to have some understanding of the trading history.

[bryant.coleman]

Hey Guys,
Just curious to see who has held bitcoin on this forum for more than 5 years?
And also, if you've sold it, when did you got in and when did you sold out?

Cheers!

I first purchased BTC in 2012. The during 2012-2013, I received a lot of BTC from various faucets and other give-away sites such as Rugatu, Bittrivia and Bitcointalk signature campaigns. Unfortunately, in 2013 I lost around 60% of my coins when LitecoinGlobal closed down. And again, in 2015 I was facing some financial hardship and I had to sell around 75% of my remaining BTC for $200 per coin.

Then from 2016 to current date, I continue to sell some of my remaining coins.

Now I have around 10% of the coins that I held in 2013.

[SLS163]

Hey Guys,
Just curious to see who has held bitcoin on this forum for more than 5 years?
And also, if you've sold it, when did you got in and when did you sold out?

Cheers!

I first purchased BTC in 2012. The during 2012-2013, I received a lot of BTC from various faucets and other give-away sites such as Rugatu, Bittrivia and Bitcointalk signature campaigns. Unfortunately, in 2013 I lost around 60% of my coins when LitecoinGlobal closed down. And again, in 2015 I was facing some financial hardship and I had to sell around 75% of my remaining BTC for $200 per coin.

Then from 2016 to current date, I continue to sell some of my remaining coins.

Now I have around 10% of the coins that I held in 2013.

Thanks for the elaborated input!
So from 2016 to date, you have not bought any only selling?


I feel like during the downs, most have sold out. The whales scoped up and took it to new highs and when fomo kicked in, average joes jump back in and the whales dump the coins and the cycle starts again.

People who held onto Bitcoin for more than 5 years are the true believers. Everyone else are only speculating and only get stung by the big players.

[pooya87]

Because I feel most people has sold out.

Of course. It's a pretty safe assumption that only a small minority actually held bitcoin throughout the years(and throughout all the price dumps), and there's really nothing we can do about that. The true enthusiasts will stay while the get-rich-quick speculators(or the people who needed the money) will get out eventually.

There is actually no way to know how many people did what, let alone speculate whether they are the minority or the majority. In fact if I had to guess most people who have stuck around for long are already aware of these so called "price dumps" and aren't making rash decisions like the newcomers do. For example someone who has bought bitcoin at $200 5 years ago has never been concerned about price dropping to $3000 because why would they be?!!

[bryant.coleman]

Thanks for the elaborated input!
So from 2016 to date, you have not bought any only selling?


I feel like during the downs, most have sold out. The whales scoped up and took it to new highs and when fomo kicked in, average joes jump back in and the whales dump the coins and the cycle starts again.

People who held onto Bitcoin for more than 5 years are the true believers. Everyone else are only speculating and only get stung by the big players.

The last time I purchased Bitcoin was in 2012 (at that time, the exchange rate was around $10 per coin). Occasionally I received coins through signature campaigns and other avenues, but never purchased any after that date. I regret that I sold most of my coins when the prices were low, but you run out of patience after so many years. Fortunately, I still have some coins remaining in my wallet and I am happy for that.

[AGD]

I am into both options since 2013. I am always there to stack more Satoshis, when the bears come out to play. Buying low, selling high and stacking some profits to hodl long term.  Some of the Bitcoins went into shopping at pump times, some I have given as gifts to newbies, some I have lost due to bad investments (gold for example was one of these in 2014 - shittiest investment I have ever made).

[franky1]

got in: 2012
hoard average price: $6/coin
am i hoarding: yep

when will i fully sell out: never set a date. no time soon. no set min value. .. probably when i become too old to care about bitcoin

losses/learning experiences: only small percentage of hoard
                                          300btc in bad ASIC deal 2013
                                          3btc per exchange that cried "we been hacked" 2014-5

i never put whole hoard into an exchange and these loses are acceptable. yes 300btc loss seems massive now but at the time it was valued at only $2k cost to me. so oh well. lessons learned

[Yogee]

.....
Because I feel most people has sold out.
Its good to have some understanding of the trading history.

Make what you want of these reports
- July 2019: https://coinmetrics.substack.com/p/coin-metrics-state-of-the-network-cf2
- Nov 2019: https://bitcoinexchangeguide.com/its-been-five-years-since-21-6-of-bitcoin-has-moved-reaching-an-all-time-high/

I still doubt that many members here would openly admit that they are still holding the bitcoins they bought at few hundred bucks or less which are now worth million/s in USD. There's also a good chance that they already left the forum or became inactive for years.

[mk4]

There is actually no way to know how many people did what, let alone speculate whether they are the minority or the majority. In fact if I had to guess most people who have stuck around for long are already aware of these so called "price dumps" and aren't making rash decisions like the newcomers do. For example someone who has bought bitcoin at $200 5 years ago has never been concerned about price dropping to $3000 because why would they be?!!

Of course there's no way, hence why I said it's an assumption. But yea, I misunderstood the question a bit. Initially misunderstood it as "people who held bitcoin 5 years ago". Whoops.

[samputin]

Not me obviously. Just got here on 2017 and started accumulating bitcoin on the mid of 2018. So even though I'm here for more than three years already, I don't have much savings yet. But considering that I have already accumulated some bitcoin, I think I'd be holding it for a while. After another two years, I think I'd still be holding some bitcoin and by that time, I can say that I'm one of those people who hold bitcoin for more than 5 years.

[mich]

Hey Guys,
Just curious to see who has held bitcoin on this forum for more than 5 years?
And also, if you've sold it, when did you got in and when did you sold out?

Cheers!

Well I have held on to bitcoins for more then  5 years but since I bought some of my sats at high prices and sold at low I am down overall in bitcoin investments.

When i sold my bitcoins I tried to buy some back and got myself in a lots of trouble.  With the fees that I had to pay I lost more money.

[acener]

I first bought some BTC back in 2017 when it was just around $800 back then I thought that it was already high price for a 1 whole piece of coin,
But I was wrong the price of Bitcoin could get even higher and because of it I took my profit along with some Sats that I gain from faucets and winnings on gambling.
I don't hold BTC for a long time or I couldn't since I would always convert it into Fiat to take profit.

[NeuroticFish]

Because I feel most people has sold out.

I think that you are missing an important aspect: quite a big number of people who will answer you here are actively earning Bitcoin (especially from signature campaigns, but also other types of jobs too). Many may not be aware that they are indirectly buying Bitcoin. At least this is my opinion.

This being said, I've sold indeed Bitcoin, but especially in the last 2-3 years I've sold a bit less than I've earned.
And my first satoshi are also about 5 years old. I've bought some in 2015. I wish I would have bought a couple Bitcoin back then, not just sats, but I didn't. I went by the rule "only invest what you afford to lose".

[Tingtong]

Hey Guys,
Just curious to see who has held bitcoin on this forum for more than 5 years?
And also, if you've sold it, when did you got in and when did you sold out?

Cheers!

After five years i hope it price can be 50k+. I know btc when it 300$ but today it price 20k. If you sell now after 5 years you will be tell sad story in your friend and family.

[davis196]

Hey Guys,
Just curious to see who has held bitcoin on this forum for more than 5 years?
And also, if you've sold it, when did you got in and when did you sold out?

Cheers!

I've never held Bitcoin for more than 5 months and I can't imagine hodling Bitcoin for 5 years.
I can't share all the information about how many times I sold my BTC,because I don't think that this is useful for anyone and I actually don't remember lots of transactions,that I've made in the past 5 years.
Why are you asking this question?Do you plan to hodl Bitcoins for 5 years?I wouldn't advise you to do so.
Anything can happen in 5 years and I'm not an optimist about the future of human civilization.

[bitzizzix]

I got to know bitcoin in mid-2017 so it hasn't been 5 years, but it seems like a little to those who have held bitcoin for 5 years.
Personally, although I have not known and used bitcoin for 5 years, I have bought and sold bitcoin many times for reasons of need and sold it when the price went up from the price before I owned it.
and the reason I didn't hold it for long is because bitcoin can solve my financial problems and can change my life for the better especially in the economy.

[Astvile]

Hey Guys,
Just curious to see who has held bitcoin on this forum for more than 5 years?
And also, if you've sold it, when did you got in and when did you sold out?

Cheers!

My bitcoin journey started back in 2016, If I remember correctly bitcoin was only worth $400-$500 back in the day and I got lucky on all the things that I am doing and I'm earning good amounts of bitcoin and when the bull run happened back in 2017 that is where I sold almost all of my bitcoins.

So far the longest time that I held onto my bitcoins is for almost 2 years or less I guess. I started accumulating bitcoins after the bullish trend ended in 2018 and recently sold most of my holdings this recent pump of bitcoin.

[drlukacs]

Hey Guys,
Just curious to see who has held bitcoin on this forum for more than 5 years?
And also, if you've sold it, when did you got in and when did you sold out?

Cheers!

Why is this important to you?

Because I feel most people has sold out.

Its good to have some understanding of the trading history.

I have understood the purpose of your question. The majority of investors here cannot hold for more than 5 years because the Crypto market is considered a manipulative market and it is ingrained in everyone's subconscious. I believe so.
I was also an early Bitcoin investor investing in it back in 2014 and unfortunately I bought BTC at around $ 800. After I bought Bitcoin, it dropped more and more and I completely lost faith in it and sold all BTC at $ 325 by the end of 2014. From then on, I lost interest in BTC until five 2017.
It can be concluded that there were a lot of investors in BTC early on but not everyone has the patience and confidence to hold it over a 5 year period. And of course, not many of them are now rich