The power of Bitcoin HODLing

[imstillthebest]

If you save Bitcoin from a few years ago and sell it this year, then you are sure to make a big profit because of the patience you have. Yes he is fortunately storing Bitcoins. The world's largest cryptocurrency has delivered over 300% returns this year.

The problem is that not a lot of people knows the future and it will always be uncertain even if we see bitcoin right now as promising as it's going to be. Plus, there's nothing wrong with trading, you can still make some money out of it although you have to be a good trader but it's definitely worth the shot.

If you have a passion for trading and can read the current cycle of the bitcoin price when it will go up and when it will go down, you are very good at trading, but if you don't read and predict market prices, just hold on and make a profit later on. because many people have been successful through patience before for not selling at the old price and selling at the current price.

Yes we should know if where we are good at  .
trading can be hard but its advantage is that you can sell and profit without needing to wait longer but holding is easy tho you are required to become a patient person .

[thecodebear]

Yes HODLing is the most powerful strategy.

I sold my original amount of btc a bunch of years ago, after first whittling it down through trading haha. But I've been holding my more recent accumulation the past few years.
Now I'm at the point where I'll start selling a tiny bit every year or two for life purposes, but in general long term HODLing for decades to come.

[el kaka22]

Honestly selling bitcoin is a lot more likely outcome during the same period. Sure 1000 dollars invested could have been 139k, that is a great income, and 1 dollar invested could have been 800k as well, that is great too. However how many people who invested 100 dollars in 2010, that could have owned 80 million dollars, would have still hold it?

I am pretty sure I would have sold as soon as it hit 1k for example, 10x is more than I could even imagine, I actually kind of did that, I owned bitcoin from 150-300 range, and sold it when it reached 3k, because I am an idiot. Where you end up selling could change based on person but it would be very hard to still hold it today. So, what I think the most likely outcome would be people making somewhere between 10x to 100x at most and nothing more, that is the kind of return that people are happy to get out.

[Roidz]

Traders actually lose a lot of their money or even get less profit than when they dare to hold their assets for a long period of time and we will certainly avoid the volatility and psychological nature of the crypto asset market which tends to fluctuate, so that we will be able to get higher profits multiplied when the price of the crypto we hold rises high enough, I personally prefer to keep bitcoin and some altcoins for a long time and I really believe in the next few years the price of bitcoin will be 3 times today, for me the Hodler is a winner.

[blockman]

It is powerful. Others find it not that effective because they don't look at how it's doing for the past years. But with this strategy, it is what we're hoping to give us decent profit in the near future. Maybe with the next halving, we're going to see every price for bitcoin at 6 digits and that makes it a stable price there, and with another halving, maybe sort of near to 7 digits for which everyone finds it impossible before. But now, we're all looking forward to that day until it happens.

[Slow death]

if the price of bitcoin was at $1000 no one would be remembering the past, to be whining because you didn't buy sooner is a big mistake, that's because the market is still working and it always has ups and downs so that the person can buy low and sell high and with that also have a lot of profit at the end of a certain period. hodl is not the only strategy to profit in the cryptocurrency market and this has to be in the minds of many people who are in despair thinking that as the price is already high then there is no longer any way to profit in the market, when this is not true

[anti-dot]

Imagine, $1 invested in Bitcoin in July 2010 is worth $800,000 today.




Twitter: https://twitter.com/michaelbatnick/status/1348071853617782784


Look at the value of $1,000 invested in bitcoin five years ago




Twitter: https://twitter.com/JonErlichman/status/1373638414227156992


Not HODLing can be hazardous!




Twitter: https://twitter.com/adam3us/status/907404159179268096


A lesson for a lifetime. I learned my lessons, how about you? are you?

This is a nice topic that I obviously overlooked all the time. The last graphic is so true, holding vs trading. I made that mistake over and over again. Sold because I hoped to buy back a little bit more in BTC at cheaper prices when it dips. Often times my timing was bad and it didn't dip and I ended up buying back less BTC then I sold for the same amount of money. It is tough though to really hold and just do nothing but wait and believe in something. You can't even considerably contribute like you can when you are an entrepreneur. Sure you can spread the word, but the influence one has is marginal. Congratulations to those who really showed they have balls of steel and just held onto their BTC no matter what. That deserves a wow.

[asrinur]

If you save Bitcoin from a few years ago and sell it this year, then you are sure to make a big profit because of the patience you have. Yes he is fortunately storing Bitcoins. The world's largest cryptocurrency has delivered over 300% returns this year.

The problem is that not a lot of people knows the future and it will always be uncertain even if we see bitcoin right now as promising as it's going to be. Plus, there's nothing wrong with trading, you can still make some money out of it although you have to be a good trader but it's definitely worth the shot.

The benefits of investing are much greater than just trading. If you invest in bitcoin from 2019, it is certain that your assets have increased by almost 40%. but if you trade, every day you can get only 1-3%.

[Ziskinberg]

This is to imply that holding valuable coins could surely give you a decent reward in the future but this was mostly just ignored by many until such a time they will get shocked seeing the price in doubled, tripled, or even more.
Holding could be a sort of sacrifice and full of hopes that one day we can make a profit from it. That is why only a few people manage to take that risk wasted and giving their trust because most, or the majority are doubted. I can't deny myself and yeah, but this was just an option, and certainly I couldn't call myself as a long-term holder but just only as a short-term holder. So every time the market will pump, I take this chance, maybe I was wrong but never to regrets it as I dare to choose that kind of strategy.

[rodskee]

Imagine, $1 invested in Bitcoin in July 2010 is worth $800,000 today.

Damn this is the reason why i am supporting the invention of time machines , so one day i could turn back the time and buy bitcoin in 2009 or 2010 , and return back to this day in which i will become a billionaire lol.

I truly appreciate your pictures with the analysis of how holding is far better and risk free when compared with trading in any form. Not being able to hold for a long time has cost me a lot while I was going through my previous transaction on my remitano account. If to say I was able to hold just 50% of what I was holding in 2017 I wouldn't have remain in this forum as a hunter anymore. Please people! Try as much as possible to hold whatever you are currently holding so that you not regret like myself.

holding is always been what the oldies telling us, HODL as long as you can afford to wait and all your effort and risk will surely be rewarded .

[Kittygalore]

~

If you have a passion for trading and can read the current cycle of the bitcoin price when it will go up and when it will go down, you are very good at trading, but if you don't read and predict market prices, just hold on and make a profit later on. because many people have been successful through patience before for not selling at the old price and selling at the current price.

Trading isn't necessarily an art, passion isn't enough to trade, just willingness to trade is enough to keep you going, it's difficult to read the cycles in the market because of volatility but it's doable and yes it will help you if you can get a small margin of error in your reads. Patience is a big help but it's not useful for traders who banks on short-term fluctuations in the market.

[Ngemmeng]

a very valuable lesson from this thread is investing in bitcoin is a very profitable investment. $1 investment in 2010 would be $800k today. it is possible that the same scenario will occur in the next 10 years, meaning that the money you invest now will increase 800k% in the next 10 years.

[zanezane]

a very valuable lesson from this thread is investing in bitcoin is a very profitable investment. $1 investment in 2010 would be $800k today. it is possible that the same scenario will occur in the next 10 years, meaning that the money you invest now will increase 800k% in the next 10 years.

It's not like we know what the future might hold plus, at that time people are still uncertain and the Internet was still rife with scams so the people don't trust new things from the Internet immediately plus the FUDs were really strong back then, bitcoin being used for scams, black market, and drug trafficking, any sane person will doubt it's credibility when something like this happens.

[perfect999]

It's not like we know what the future might hold plus, at that time people are still uncertain and the Internet was still rife with scams so the people don't trust new things from the Internet immediately plus the FUDs were really strong back then, bitcoin being used for scams, black market, and drug trafficking, any sane person will doubt it's credibility when something like this happens.

I know it may not be as profitable to hold it now as it was back in the day, but can you really doubt bitcoins rise? I have seen many people who doubt it, but I have made a lot of money over their doubts. Bitcoin is something that will go up, it could have downs here and there time to time but we all know it will be a lot more than what it is right now.

People who trust this and invest accordingly made enough money to be happy about it, and there are people who didn't make any money at all from this because they were doubting bitcoins capability of going up. I believe in the long run bitcoin will always go up, even if there are 50% drops like we had recently from 60k to 30k, eventually it will always go up, the new ATH at around 64k will be broken, the price will be higher than that, I just do not know when but I know it will happen. This is why I keep buying bitcoin as much as I can with the money I have, in order to keep investing into it, I do not know when I will be capable of selling it, I could now and still profit, but I just believe it will go up so I do not sell.

[pinggoki]

Well to be fair bitcoin was literally dirt cheap with no prior use-case basis way back in 2010 so it's no surprise not many of us were able to bank in bitcoins at that early of a period. Then again it shouldn't disencourage people who are just about to enter into bitcoin thinking that the price is too high now and that it is already too late, because if there is anything investments told me it's that it will only be late if you haven't invested in it yet. So might as well invest in a very established coin like bitcoin as much as possible and see it flourish in 5 years time.

a very valuable lesson from this thread is investing in bitcoin is a very profitable investment. $1 investment in 2010 would be $800k today. it is possible that the same scenario will occur in the next 10 years, meaning that the money you invest now will increase 800k% in the next 10 years.

It had become a profitable investment yes, but let's be real here not a lot of people really saw bitcoin for what it is now back then when you would need to pay a thousand of it to buy a pizza. And had it not been for multiple instances that lead to bitcoin's rise in value, we wouldn't see it at the top of the market today. Not saying all of this is mere coincidence, but I believe we must pay credit where it's due and that is to the early adopters and believers who despite the oppositions of people, still pushed through knowing there is a powerful potential to be harnessed in bitcoin.

[wheelz1200]

No matter what people say hold is always the best route to take.  If you day trade you pretty much guarantee less bitcoin on the backend unless you get lucky with one of the pumps.  Just keep stacking sats bit by bit and as it keeps on increasing in price your portfolio will grow exponentially. 

[Ngemmeng]

a very valuable lesson from this thread is investing in bitcoin is a very profitable investment. $1 investment in 2010 would be $800k today. it is possible that the same scenario will occur in the next 10 years, meaning that the money you invest now will increase 800k% in the next 10 years.

It's not like we know what the future might hold plus, at that time people are still uncertain and the Internet was still rife with scams so the people don't trust new things from the Internet immediately plus the FUDs were really strong back then, bitcoin being used for scams, black market, and drug trafficking, any sane person will doubt it's credibility when something like this happens.

2018 says bitcoin price will reach $50k is considered impossible.
many people also say that in the future there will be a lot of bad news that will hit bitcoin and will kill bitcoin, but the fact is that until now the price of bitcoin continues to grow rapidly and bitcoin is increasingly popular.

[BobK71]

I recognize holding is very difficult task for every investors. Those who are holder they are not seller though the market condition goes to the down stair. A good holder never think what will be happen after a long time of his coin or assets. He treats that he has nothing. I have seen a few days ago one tweet form CZ Binance CEO utter that "If you can't hold, you won't be rich".

[Sanugarid]

No matter what people say hold is always the best route to take.  If you day trade you pretty much guarantee less bitcoin on the backend unless you get lucky with one of the pumps.  Just keep stacking sats bit by bit and as it keeps on increasing in price your portfolio will grow exponentially. 

Depends, what if crypto is the only way you make money for a living? You can't afford to starve just to wait for it to go up really high and enjoy a big profit margin. It's a circumstantial thing and we don't have too much control over it.

[7788bitcoin]

~
2018 says bitcoin price will reach $50k is considered impossible.
many people also say that in the future there will be a lot of bad news that will hit bitcoin and will kill bitcoin, but the fact is that until now the price of bitcoin continues to grow rapidly and bitcoin is increasingly popular.

When Bitcoin started no one would believe it could have any valuation but once the value started it was hard to imagine the price to cross $10 and then $100. So these curiosity is not new and no one would have thought back in 2018 that the price of Bitcoin would reach $50k in 2021. Yes it another surprise for everyone, i never had a doubt about the price reaching hundred thousand but it is hard to predict when and it will touch those values when we are least expected.