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Author Topic: Who has held bitcoin for more than 5 years?  (Read 623 times)
jacobjorden
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December 08, 2020, 10:57:35 AM
 #41

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!


May Many People Not held  for 5 Years Because Is Trading.

When So Profile More You Sell Your Coin
Lucius
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December 08, 2020, 11:45:48 AM
 #42

Thanks for your reply and everyone for their inputs.

You're welcome Wink

Unfortunately, to a certain extend I believe BTC is being manipulated at every bull and bear cycles.


We might call it manipulation, but some would say that it is just a natural process of something that is still relatively new and many investors are not yet quite sure how to proceed at certain times. Different phases of growth and correction have had different catalysts, and we are currently in a phase marked by large funds like Grayscale or private companies like MicroStrategy or PayPal. At this point, it’s hard to say if they have long-term plans (which seems logical), or if we’ll have a brutal correction again after the next bull run.

Anyway, the ones that has held on more than 5 years, or even 3 years are true believers. Hats off to you guys, shows character more than financial gains. Well Done.

What would you tell about those who have been holding since 2009/10 - and believe me, there are such believers Wink

Code:
https://www.blockchain.com/btc/address/19PYG68GkQ9nY99QeUSyUFy6vWxSyPmXA8 
https://www.blockchain.com/btc/address/1NWRrbPwHhpp28eQeman5YRV84D2aYe1Yw
https://www.blockchain.com/btc/address/15RJkhWxG3PP5AzfR1AHVWovZxFt3nFysN

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Noctis Connor
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December 08, 2020, 12:15:02 PM
 #43

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 you can't know people who held their bitcoin for that long or maybe they just forgot that they have bitcoin in their wallet  open it, i started bitcoin when i was high school i think it was 2013 and it was my really good investment where i supported my self to graduate in high school until i graduated college i also have small business now that came from bitcoin this is reason why i keep solding half of my bitcoin and if i keep that bitcoin for that long maybe i am not who i am today.
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December 08, 2020, 12:21:08 PM
 #44

I’ve held for over 5 years & continued buying over the whole time too. Despite a couple of bad bear markets bitcoin travels upwards in price over a sustained period. Fiat currencies are losing value over time & bitcoin is clearly gaining in value. 

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December 08, 2020, 01:32:22 PM
 #45

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!


What do you mean by "sold out"? if you mean selling all of your Bitcoins, then I guess no one will sell all of his Bitcoin in one go to make more profits, unless he really needs the money.

I am holding my Bitcoin and Altcoins for about 3 years already since the last bull run. I've just sold few of it to sustain my everyday needs and to pay my bills. Selling it all out means you just killed the chance of making profits in the long run. So if you'll hold, you must also know how to take advantage on that.

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December 08, 2020, 02:04:19 PM
 #46

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 still have a full coin from 2015 (that makes it five years!) I remember betting with a friend about that! I should have bought and held 10 full coins not only one from 2015! I was already very skilled in terms of how to use btc but I didn't go the extra mile. Still, I feel good today knowing I was able to extend and preserve my wealth and hopefully that of my kids.
But there's no assurance that the market price will continue increasing in the future, so doing so won't benefit you, just my two cents.
But that depends on your goal as an investor. If you are just aiming to experience having an amount of it, then holding for a longer period of time would be fine. But if you are into profit, I won't suggest holding for that long, because there's still a possibility for its market value to depreciate. Thus, it would be better to analyze the market, perhaps in this case.
It's clear that we both have two completely different approaches because I do not wish to sell anything and, actually, I am accumulating as much as I can and I am glad I was able to get a nice buy during the super drop which occurred in March 2020 after the covid-19 outbreak. I trust bitcoin will continue to progress both on the development and adoption level, hence I have no incentives to sell anytime soon.
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December 08, 2020, 02:24:45 PM
 #47

.....
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.


Or there is another variant - lots of people who bought Bitcoin at the very beginning, just lost their keys to wallets or their computers because of different reasons, and they can be named still like holders, but their assets are locked for them. Completely agree that too few people will answer such questions -  how many? When bought? And when and what the amount sold? - rich people prefer privacy about their finances. Assets like to be counted and silence.
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December 08, 2020, 02:55:02 PM
 #48

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 believe that person who bought bitcoin 5 years ago had already sold their bitcoin  back in 2017 when they Kept the Holding for 2 years and that should be a Multiple value from the time of Buying so who would still Hold when you have already gain too much amount?and even if you wanted to hold for long yet you will take the advantage of selling first then Buy again in cheaper price because that year bitcoin has been proven to go upside down so practicality wise to sell High then Buy Low.

and also you are correct that those wallets that still holds bitcoins for that long might have been a dead wallet meaning keys cannot be found anymore.

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December 08, 2020, 03:27:59 PM
 #49

Of course the old holders still have some of it because the price per unit can be reached by the middle economic class. With the current price for 1 bitcoin compared to 5 years ago, spending it by degrees will certainly meet their needs. Unlike nowadays, its impossible to buy just 1 bitcoin and expect the price to increase by 100x in the next 5 years.

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December 08, 2020, 03:33:19 PM
 #50

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 believe that person who bought bitcoin 5 years ago had already sold their bitcoin  back in 2017
Firstly, the OP is asking a private question which cryptocurrency holders are advised not to provide in other for them not to be attacker target, that aside you can't speak for every Bitcoin holder, and the last time I checked people like Anthony Pompliano will keep their holding. Mind you, those that sold all their holding in the year 2016 ATH have already blame themselves and the best thing to do in every ATH market is to sell 50% of ones holding because anything can happen now the crypto market is going mainstream.

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December 08, 2020, 04:31:46 PM
 #51

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 held bitcoin for 10 years in this years. When i sold my bitcoin? I will sell my coin when i need money, so far i never sell btc except altcoin. But now i keep my coin in blockchain.com , but sure i have to check their rules everytime.

Keeping bitcoin for ten years is not easy for me guys, I move my coin from core wallet to another wallet because my i dont enough disk space and good connection to keep sync. I always move my wallet from wallet provider, from exchange wallet, paper wallet, hardware and etc. But now i keep my coin in blockchain.com , but sure i have to check their rules 4 month. I almost got stuck and can not login to my account when they upgrade their platform several years ago, so that's why i have to check them every 4 month
 
I think i got mental sickness, fear of loss my bitcoin. Although i kept my coin in blockchain.com i make several backup key, google 2fa, email, passwor, etc in hundred papers in my house. this is really annoying mental

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kamadazje
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December 08, 2020, 04:31:54 PM
 #52

Most of the holders who holds this kind of timespan are the big whales or we say the big investors or companies. But with regards to solo investors who accumulate not that much amount of bitcoin, I guess there are very few who holds this long like 5 years or more not only if they forgot that they have bitcoin in their wallet.

In my case, I am not a very term holder because I only hold if I think there are chances that the market will recover and once I can reach my target selling price then I will dispose my bitcoin right away and wait for the right time again to buy it back in a lower price.

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December 08, 2020, 04:37:52 PM
 #53

One of our founders bought BTC early 2016 and sold @ $19.5k in 2018, and then bought again in 2020 when it was $4.8k Roll Eyes if you are curious, you can find some of his posts about that on Twitter

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December 08, 2020, 11:13:14 PM
 #54

Such kind of people who have held Bitcoin for 5 years or more are really fantastic individuals for they have made up a right choice considering Bitcoin upon first purchase way back 5 years ago is still not that expensive compared to what it is right now that the price is rising over time. Many of those individuals are surely pleasantly happy that upon holding Bitcoin for 5 or more years, they have unexpected that from the price they have bought Bitcoin can give them a big profit when Bitcoin rises on the year 2017 coming from 3 digits on the first quarter going to 4-5 digits on the same year and up until now. Surely those are the patient ones and have truly believe of Bitcoin's capacity to rise up its price making them profitable about it.

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December 08, 2020, 11:56:51 PM
 #55

Unfortunately, not me. There may be many who keep bitcoins that long, and it is amazing for them.
I kept Bitcoin not that long. Only when before ATH in 2017, I bought about $500 for bitcoin and already took advantage of ATH in 2017.
I guess by then many were already selling it too. And enjoy the profits.
Now I collect Bitcoin from faucets and other campaigns although not much, and from savings as well, but it is not up to 5 years.

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December 09, 2020, 01:58:26 AM
Merited by vapourminer (1)
 #56

I started mining in 2011 and have held for almost 10 years. At the time, it was about supporting the network, not making money. Unfortunately for me, I sold a good majority on Mt. Gox in 2013 when it hit $1k. This was primarily because when I started it wasn't even worth $1 and I never imagined it would have the value it has today. I was earning 0.05 BTC/day CPU/GPU mining with a single desktop up until the first halving in November 2012. After that, it started taking about 3 months to earn the same payout with the same gear but I stopped in 2013 after killing multiple PSUs and getting sick of replacing them.

What I didn't sell was primarily only held because Slushpool had a minimum payout of 0.5 or 1 BTC at the time. Surprisingly, they never touched it despite me not logging in or mining for 4 years until ATH in 2017. Their terms allowed them to take my coins but they didn't. This is a reason why I still mine with them now and I am only still mining because of investing the dust that was left.

I sold again in 2017 and 2020 when it was $19k and bought again at various prices including $3k between December 2018-March 2019, $4k in March 2020, and my entire stimulus check in April 2020 at $6k.
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December 09, 2020, 06:09:44 AM
 #57

One of our founders bought BTC early 2016 and sold @ $19.5k in 2018, and then bought again in 2020 when it was $4.8k Roll Eyes if you are curious, you can find some of his posts about that on Twitter

So you are claiming that he sold his coins when the prices reached ATH and then again purchased them, when the prices had bottomed out. Theoretically, this is the best scenario which you can imagine. But in reality, it is almost impossible to do this. We never know when the peak prices will be reached and the same goes for the lowest level as well.
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December 09, 2020, 06:33:10 AM
 #58

I had been earning and using Bitcoin for more than 5 years now,
But I didn't just hold it I would trade it to take my profit and to use it from time to time and also invest in it.
So I don't really know how much I gain/loss in trading Bitcoin but one thing is for sure I am happy that I found it because it change my life.
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December 09, 2020, 09:39:17 AM
 #59

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.


He is just asking an easy question and not asking for a person's information, so I think he is just curious about bitcoin's existence and advantages before up to now.

I owned bitcoin for almost 3 years and it is a good run for me as I make it grow and earn profits from it based on my manipulation. I practiced trading, I sold effectively, and having a good memories and experiences with bitcoin will help you to grow more as an investor.

Always cheer up and keep your heads up if you feel like you're losing a huge amount because bitcoin is volatile and it is what it is.

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December 09, 2020, 10:09:29 AM
 #60

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!


Although I don't hold bitcoin for more than 5 years, I still held some bitcoin and this time, I think I will wait until the price can break $20k, and if the price can reach $25k-$35k, I will sell my bitcoin and enjoy the money. But I will not use all of the money for my life because I want to buy bitcoin again, especially if the price can drop too deep. I've sold my bitcoin because I need the money and that means for me. Everytime I need money, and I will sell some bitcoin.

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