Extremely Holding

[goldkingcoiner]

If this isn't some extreme form of holding, I wonder what it is then. According to the Twitter handle of Bitcoin Archive, 412Bitcoin worth $9.6m was moved from an address that was dormant for 11years. That means the owner just bought and "forgot" it there. While for some of us who have been holding for the past 3 months, it's seems like a century.This is gentle nudge that if someone has done it then you can(that is, if this is your goal).
How long do you think you can hold?

I can hodl forever. Bitcoin is my new money. Fiat is trash. Swap it for Bitcoin while you still can.

Although, I would probably not be able to bear the shame if I forgotten or even lost a large amount of Bitcoin on some wallet somewhere. Although it has happened with smaller amounts which I later rediscovered so its not a completely impossible thought.

The 11 year old dormant Bitcoin does not necessarily mean it was lost or forgotten, though. 11 years worth of hodling is a commendable length of time but its not unthinkable. Perhaps he/she did not wish to move the coins?

[noorman0]

It's not new, it must be an ancient holder. Since they have their own savings arrangement, one cannot be sure that they only have one collection of bitcoins that actually persisted in one wallet up to this point or that they have other addresses with regular transactions. But it can be another preference that some old bitcoins are still active and some hodler has not lost access.

How long do you think you can hold?

Until my target is touched.

[dansus021]

personally, i work full in crypto just by doing bounty so when i need money i withdraw it, and its very luck to see people hold for such a long time.

but if you are not using the money its better to keep it and hold it, but even tho I work full crypto I not gonna withdraw it all of it and fact 80% of my money in form of crypto right now  

[xSkylarx]

or that person just found his or her private key and opened up after 11 years, or he or she just needed money. But if he really plans to hold for 10 years or more, then that would be really extreme, and he has control over his emotions, which makes him very patient even if the price reaches its ATH in previous years. I admit that I am not that patient, so I am not sure how long it will take because mostly when I really need money, I need to withdraw it unless it is my extra money.

[laurenB7742]

Indeed, he has taken a long time to reap the benefits. I still wonder the faith on how long this person must have has and never been tempted to sell the coin all these years. One fascinating aspect of these early adopters is that they didn't care about bitcoin and are so wealthy that they don't even value the bitcoin in their wallets. Holding for this long can only be done by those who have so much wealth that the value of bitcoin is insignificant in comparison.

I believe cases like this happen, one is, as you say, they are very rich and have a lot of money, so there is no need to spend that money in 11 years.
Or the second case is people who used to buy bitcoin but forgot, and in the past 10 years they have not been exposed to news about bitcoin, so they do not know the value of the bitcoins they bought.

For investors like us, who keep an eye on the market every day, I don't believe anyone can ignore the temptation of seeing their wealth increase by thousands of percent without selling their bitcoins. It's really hard to believe.

[Fivestar4everMVP]

While for some of us who have been holding for the past 3 months, it's seems like a century.This is gentle nudge that if someone has done it then you can(that is, if this is your goal).
How long do you think you can hold?

I think one and major reasons why most investors don't hold for long is,not having a good source of income to keep them going while holding, buying crypto assets and forgetting about them for such a long time is very easy to do if the investor has a good source of income as their major source of earning money.
But in a situation where the investors is buying bitcoin with a mindset of the price going up almost immediately so they can sell, such a person would have their eyes fixed on the price 24/7 and for people in this category, it is pretty difficult to hold for even 6 months, not to talk of 11 years.

[davis196]

If this isn't some extreme form of holding, I wonder what it is then. According to the Twitter handle of Bitcoin Archive, 412Bitcoin worth $9.6m was moved from an address that was dormant for 11years. That means the owner just bought and "forgot" it there. While for some of us who have been holding for the past 3 months, it's seems like a century.This is gentle nudge that if someone has done it then you can(that is, if this is your goal).
How long do you think you can hold?

I don't think that this case falls under the category of "extreme HODLing". Most likely the owner simply forgot his password or private keys, but he found out about them recently. I also don't think that this guy would have missed the opporunity to sell his Bitcoins at 60K USD during the last big bull run back in October/November 2021. How much where 412 Bitcoins worth back in 2011-2012? A thousand dollars? This guy seems like an early BTC miner or something. I don't believe that he had spent a thousand dollars buying Bitcoins back in 2011-2012, when almost nobody knew anything about Bitcoin.

[boyptc]

but if you are not using the money its better to keep it and hold it, but even tho I work full crypto I not gonna withdraw it all of it and fact 80% of my money in form of crypto right now  

This is what I do. If I still don't need money, I'll keep on holding it. And when I need it any moment of time, I'll withdraw but it doesn't come as a whole.

How long do you think you can hold?

Until my target is touched.

That's also my goal on how long I shall hold. Learning from the past, I've sold too early for some instances but I just have to forget those moments and learn from it.

As for my target, I've got high prices in my mind and hopefully those will be reached soon.

[Vickysagar]

For how long? It's hard to say. I think until $100K or so. I'll 5x my current investing, and that could be a good time to withdraw. When it drops below I'll buy it again.

[Edwardard]

For how long? It's hard to say. I think until $100K or so. I'll 5x my current investing, and that could be a good time to withdraw. When it drops below I'll buy it again.

It doesnt matter for bitcoin to just 5x "your" portfolio then drop again. If it goes to 100k, it'll probably go to 500k too (to beat the old gold). I would suggest instead of having such mindset, just have a fundamental knowledge of the upcoming events and go step by step. You can just trade it once in a month (when you are sure about an event's circumstances), increase your stack and buckle up again instead of waiting for 100k by doing nothing!

[crypticj]

I bet people like this will keep holding for another 20 years and end up being billionaires while some people are selling their btc on every dip 

[salad daging]

We don't know what happened to the owner, whether he really held bitcoin for more than a decade or indeed he forgot the password so he just remembered it now and moved it after 11 years, and it's clear from the bitcoin value of tens of dollars to tens of thousands of dollars it has now become a fortune for owners who dare to hold bitcoin long term.

That's why we have to be able to hold bitcoin as long as possible for long-term investment or it can become a retirement fund later by accumulating through DCA from now on, we have to be able to hold it for more than 5-10 years so it will be the strongest holder in the future, don't ever feel tired of holding bitcoins because after all we have to have goals in the future with bitcoin which will be even higher in price.

[Tony116]

or that person just found his or her private key and opened up after 11 years, or he or she just needed money. But if he really plans to hold for 10 years or more, then that would be really extreme, and he has control over his emotions, which makes him very patient even if the price reaches its ATH in previous years. I admit that I am not that patient, so I am not sure how long it will take because mostly when I really need money, I need to withdraw it unless it is my extra money.

Or he's a wealthy man and doesn't need the money, so he can hold it that long. All of us, who have survived bear seasons and are still in the market today, are patient people. But to do like that guy is really impossible, I will not be able to escape the temptation when my assets increase many times without selling.
The average I buy is around $20,000, and I will sell when bitcoin hits 100,000, this is too much profit for me to sell, I really can't wait longer than that.

[serveria.com]

If this isn't some extreme form of holding, I wonder what it is then. According to the Twitter handle of Bitcoin Archive, 412Bitcoin worth $9.6m was moved from an address that was dormant for 11years. That means the owner just bought and "forgot" it there. While for some of us who have been holding for the past 3 months, it's seems like a century.This is gentle nudge that if someone has done it then you can(that is, if this is your goal).
How long do you think you can hold?

Many hodlers (including myself) have certain goals they're trying to reach with their stash. Time is not important here. Once my goal is reached, I will cash out a certain portion. Will it happen in 2 years or 10 years? I don't really care! 

[yazher]

It sounds like someone found a massive stash of Bitcoin that was just sitting there for 11 years! Can you imagine forgetting about that much money? And the fact that they were able to get that much Bitcoin in the first place just shows how much faith the early adopters had in crypto. Crazy, right?

There's a possibility that he might forget this huge amount of bitcoins and remember it now because if it really was a man patiently holding his BTC, he could have sold it all in the last bull run but he kept it until now. Maybe he just remembers his passwords or something like that, for him to be moving it right now. Nevertheless, it's just nothing but a win-win situation for him and he is considered one of the most successful veteran BTC holders. I wonder how many people are still there, patiently waiting for the right time to sell their BTC.

[aoluain]

Probably bought Bitcoin 11 years ago and just forget about it since is has no value at that time and now, he finally retrieve the wallet and enjoying the huge profit from his decision to buy 11 years ago. This is not new because there's a lot of dormant wallet started to move since the pump of Bitcoin, we can consider them as a extremely hodler and the early buyer of Bitcoin. Better for him to continue holding it and just wait for a new ATH, that can be more worth it.

or maybe didnt forget at all! maybe knew all along where his wallet was and the amount
of Bitcoin. Just because it was unmoved for 11 years doesnt necessarily mean it was
forgotten about. That is seriously professional HODLing though!

I think the guy has no monetary problem since he is able to leave his Bitcoin untouched for several years.  I also think that at some point the owner forgot about it but whether he forget about it or not, it is the owner who only knows.

Yea he probably didnt have any monetary problems since 2012, which is difficult to
imagine, most of us run into tough times at some stage and TBH since 2012 I certainly
have. Would I have been able to HODL the full 412BTC? probably not but I would
like to think I would have the vast majority of it.

Back around September 2012 Bitcoin was valued at around $12, so to buy or receive
412 would not have been life changing at all, so early on HODLing was easy.

[fadhilz123]

For how long? It's hard to say. I think until $100K or so. I'll 5x my current investing, and that could be a good time to withdraw. When it drops below I'll buy it again.

If you ask about how long. Actually it depends on your own target to hold it for how long, because when the profit you will have is more than enough even though the price has not yet reached $100K. You could also sell it and wait for another drop to buy back at the bottom. So this is a very simple thing actually and you don't need to think about it in a more complicated way if you are really sure about the investment.

[inthelongrun]

I don't know how long will I hold because it also depends on my financial situation. I have goals of purchasing something big in the next bull run so I am not sure how much is left to hold. Although they are not very close to me, I do know two people that first accumulated bitcoin around 2010 to 2012 and both of them continue to hold hundreds of bitcoins each. One of them I cannot forget is his words saying someone does not deserve the high-value price of bitcoin if they cannot hold strong during a bearish season.

[LogitechMouse]

~
How long do you think you can hold?

It all comes to discipline.

If you are always thinking of you're holdings, you will feel that 3 months = 3 years. If you always think of the possible profits that you can get in holding Bitcoin, you will feel that 5 days = 5 years. You get my point. I guess the owner of that address just forgot that he got that amount of Bitcoins, and I don't know if we can consider him as lucky because he still got the private keys after more than a decade, or he really kept the keys for a reason.

How long can I hold? 5 years is the minimum, but I can still hold it even longer when needed. I mean I know that past performance doesn't mean it will happen in the future, but I believe it will and if that happens, all Bitcoin holders will be happy.

[Gcrypto786]

If this isn't some extreme form of holding, I wonder what it is then. According to the Twitter handle of Bitcoin Archive, 412Bitcoin worth $9.6m was moved from an address that was dormant for 11years. That means the owner just bought and "forgot" it there. While for some of us who have been holding for the past 3 months, it's seems like a century.This is gentle nudge that if someone has done it then you can(that is, if this is your goal).
How long do you think you can hold?

I can barely hold it until I get my investment back and if there is some reason to sell it at a loss then I go for it because we all know that there is no actual/certain time for the Crypto to move according to your conditions.