Long Term BTC Holders Who Still Haven't Cashed Out Any Big Profits?

[macson]

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Now my other question is are there people that have say 10 btc or more even and are living paycheck to paycheck and have close to little in the bank but just pays their bills every month but just keep their btc as their life savings and rarely touch it unless you absolutely have to?  I got to assume very few people are like this right if they have say 10 btc or more?  Let's say whatever amount of money that person make a year and after taxes, they barely have enough to pay their living expenses and they are lucky to save even $1000 a year to put in the bank.  Let say this person has $5,000 in the bank only which isn't much for most Americans but then again, a good portion of Americans don't even have $1000 in the bank.

i'm sure there are members on this forum who continue to hold on to the bitcoin they have for a long time, they do that because they don't need money by selling the bitcoin they have, they must already have a permanent job out there that pays them well.  i always tell anyone that the best way to get good profits from bitcoin is by trading, investing or opening a business related to bitcoin.  Michael Saylor is a good example of a bitcoin investor who until now has not sold the bitcoin he bought through his company Microstrategy, he can do that because his company has made big money from their best-selling products.

[Rengga Jati]

So I'm curious.  Are there people here who bought btc or altcoins... but mainly the big altcoins like eth etc... that bought these coins years ago... let say at least 5 years ago or more and still haven't cashed any real profit at all?  Or is someone like that very rare?  Now let's say they might have cashed a few hundred dollars in profit at the most or 1000 dollars profit which isn't that much for at least 5 years.  Thus they haven't cashed out real big profit.  

If it's 5 years or more, I don't seem to be in it. Because personally, if I'm not mistaken, I started really investing in crypto starting in late 2020 or early 2021. And it was also a really small investment. It was only a few years ago and I still hold these coins. The main reason is because the price did not meet expectations and there was also a delay in taking profits during the bullish era last season. Some of these coins are BTC, Eth, BNB, LTC, and ADA. but indeed with a very small nominal amount

[Baofeng]

snip
Now my other question is are there people that have say 10 btc or more even and are living paycheck to paycheck and have close to little in the bank but just pays their bills every month but just keep their btc as their life savings and rarely touch it unless you absolutely have to?  I got to assume very few people are like this right if they have say 10 btc or more?  Let's say whatever amount of money that person make a year and after taxes, they barely have enough to pay their living expenses and they are lucky to save even $1000 a year to put in the bank.  Let say this person has $5,000 in the bank only which isn't much for most Americans but then again, a good portion of Americans don't even have $1000 in the bank.

i'm sure there are members on this forum who continue to hold on to the bitcoin they have for a long time, they do that because they don't need money by selling the bitcoin they have, they must already have a permanent job out there that pays them well.  i always tell anyone that the best way to get good profits from bitcoin is by trading, investing or opening a business related to bitcoin.  Michael Saylor is a good example of a bitcoin investor who until now has not sold the bitcoin he bought through his company Microstrategy, he can do that because his company has made big money from their best-selling products.

Yes, really depends on the individual on how they will look or how long they are going to hold. For sure we have a lot of long term holders here, who might not have sold even if we reaches all time high because they don't need the money and they just wanted to hold as long as they can.

But for the majority of us here, let's say average joe, it's good to at least experience one bull-bear cycle, buy and then hold and see how it goes for you. If you don't sell and take profits then good for you. But I think and this is just my opinion that there are investors that are going to sell their stash at any bull run and then take the profits and enjoy it and then repeat the process.

[mirakal]

So I'm curious.  Are there people here who bought btc or altcoins... but mainly the big altcoins like eth etc... that bought these coins years ago... let say at least 5 years ago or more and still haven't cashed any real profit at all?  Or is someone like that very rare?  Now let's say they might have cashed a few hundred dollars in profit at the most or 1000 dollars profit which isn't that much for at least 5 years.  Thus they haven't cashed out real big profit.  

They can have very strong belief and diamond hands with lot of patience to hold their coins for many years without selling. Another possibility is they lost access to those coins, lost forever. It can happen with both bitcoin and altcoins.

You can see the HODL waves chart and make your estimations of those inactive coins that can be lost forever, part of those inactive ones.

Bitcoin: Addresses Holding > X BTC by Year provides some more information too.

They could be hodling their precious coins for retirement so surely, they would continue to hold it as long as they can and only sell it when they will be needing it badly during their old age. But I also agree that those who have not been selling their coins for 10 years or more have probably lost already their wallet's seed phrase and until now they are still struggling to recover it so they can finally benefit their coins.

Worst is, those who have stacked a lot of coins that until now are still in their respective wallets, might not be alive anymore and sadly, their families or loved ones have not been aware that their family member was holding a lot of valuable and highly profitable coins or investments.

[Mauser]

Are there many people that have say at least 3 or 5 or 10 btc or even more where they haven't cashed out profit at all and been in this for at least 5 years?  So if you bought that much btc back at least 5 years ago, you are in profit with the current prices today pretty much no matter what unless you bought at the peak.  And if so, what is the reasoning for these people?  Is it because they want enough to retire?  Enough to buy a house? They don't want to dip into their btc unless they absolutely have to?

I wish I had such kind of Bitcoins in my wallet, unfortunately I am still among the smaller traders here. Either you joined the crypto world really early when prices where much lower, or you just have a lot of money through work/gambling or trading that you can buy so many coins. In any case I think there are plenty of people today who still hold large amounts of BTC and are not selling. The first reason why is that prices have been much high in the past and many of the long-term investors didn't sell their coins at the ATH above 60k USD. So, why should they be fine now to sell at 40k USD? Another point is that prices are not dropping sharply. I would expect prices to dip again if there are many investors selling their coins at once. And the last point that speaks against most investors selling their coins at the moment is the halving is only coming up next year. If you don't really need the money at the moment, wouldn't you rather wait for the next halving to push prices even further? Thinking about retirement might be a good idea as well.

[Promocodeudo]

So I'm curious.  Are there people here who bought btc or altcoins... but mainly the big altcoins like eth etc... that bought these coins years ago... let say at least 5 years ago or more and still haven't cashed any real profit at all?  Or is someone like that very rare?  Now let's say they might have cashed a few hundred dollars in profit at the most or 1000 dollars profit which isn't that much for at least 5 years.  Thus they haven't cashed out real big profit.  



Are there many people that have say at least 3 or 5 or 10 btc or even more where they haven't cashed out profit at all and been in this for at least 5 years?  So if you bought that much btc back at least 5 years ago, you are in profit with the current prices today pretty much no matter what unless you bought at the peak.  And if so, what is the reasoning for these people?  Is it because they want enough to retire?  Enough to buy a house? They don't want to dip into their btc unless they absolutely have to?



Now my other question is are there people that have say 10 btc or more even and are living paycheck to paycheck and have close to little in the bank but just pays their bills every month but just keep their btc as their life savings and rarely touch it unless you absolutely have to?  I got to assume very few people are like this right if they have say 10 btc or more?  Let's say whatever amount of money that person make a year and after taxes, they barely have enough to pay their living expenses and they are lucky to save even $1000 a year to put in the bank.  Let say this person has $5,000 in the bank only which isn't much for most Americans but then again, a good portion of Americans don't even have $1000 in the bank.

There are people that has invested for a very long time, selling or even withdrawing a little is not an option for them instead they continue accumulating more, actually bitcoin investment was not meant for quick decision maker, it is invested for long run thinkers that has other forms of earnings that can adapt in the system, bitcoin is not a get rich fast investment, since the halving period happens every four years and in this period bitcoin is expected to uptrend in price, I think every good bitcoiner should be targeting to invest more two years before that year comes in other to at least get a little profit but withdrawing it should be personal, a strategy for investing in bitcoin is investing and forgetting for a long period of year's.