HODL bitcoins, you can do it! Look at HODL camp map to build up strong hands

[tranthidung]

If you are a Bitcoin investor, and read news on social media or in Bitcointalk forum, I am sure you already know about the term 'HODL'.

What is this and what does it mean?

I always recommend newbies to Search before posting and if they practice it, they will find some resources about HODL term.

• [Guide] Searching effectively

They can find results in this forum or on other sites like Coinmarketcap.

• I AM HODLING is where this term was born, by @GameKyuubi, in Bitcointalk forum.
• Understanding HODL (Coinmarketcap)

HODL = Hold On Dear Life.

Above is for the first question.

The second question, for Bitcoin investors, can be explained with the following chart.

• https://hodl.camp/
• Click on some icons at the top right corner to customize color of the chart.
• As of writing, the HODL line is 5 year and 1 month. This line changes with Bitcoin prices and with time, stay updated by using the chart.

I quote the guide from HOLD camp.

Welcome to Hodl Camp.

This is an interactive graph on the profitability of hodling bitcoin. Read the whitepaper here.

Time flows diagonally, from the upper left corner to the bottom right corner.
It starts on 2010-07-18 and ends on 2023-12-20.

By moving the mouse or tapping the heat map, you will traverse all historical entry and exit dates. Pin the marker by clicking and move around with WASD keys.

Moving vertically changes the entry date. Up is earlier, down is later.
Moving horizontally changes the exit date. Left is earlier, right is later.

Where the lines cross, the color shows the profitability, green for positive and red for negative.

The green scale is log10, the red scale is linear.

One pixel is one day. Zoom in () to see more detail. Zoom out () to see the bigger picture.
Drag or scroll to move around.

Next to bitcoin denominated in U.S. dollar, it's also possible to plot the price of bitcoin denominated in troy ounces gold (XAU). This eliminates the influence of price fluctuations of U.S. dollar and instead uses a hard money: gold.

Change the color map () if green/red doesn't work for you.

Now, let's see the chart with default settings.

You can click on the Eye icon to change color settings. Below are some of color settings and how it looks. Choose one color setting you like to use.

When you hover mouse on the HODL map chart, you will see Entry date, Entry price, Exit date, Exit price and Profit/ Loss. This feature is a quick tool to check profit, loss with an assumption that you buy bitcoin at a past year, hodl it like 1, 2, 4 years and how it turns out to be Profit or Loss for you.

If you don't like this HODL map, you can use alternatives like

• https://dcabtc.com/
• https://costavg.com/

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[MusaPk]

If you don't like this HODL map, you can use alternatives like

• https://dcabtc.com/
• https://costavg.com/

You can also add this site to DCA list of websites.

• https://dcacryptocalculator.com/bitcoin

Results from dcacryptocalculator and costavg converge and give more detail of DCA then dcabtc. For instance if you want to calculate DCA results of investing 100 dollars into Bitcoin every week for last 3 years or from Dec 25, 2020 to Dec 25, 2023 then dcacryptocalculator shows that you have ROI of +44.10% and costavg shows that you have ROI of +42% while dcabtc says you have a loss of 20%.

It's good to use these websites to have a quick overview but if you are accumlatng Bitcoin in DCA manner then always do calculations from your own pen and paper.

I think that my point is to make sure that you do your own calculations, and sure there could be some reliance that the amount invested and the amount of BTC accumulated during that period of time would be in the ballpark of being correct,,,

[Kemarit]

Or maybe everyone should look at this list: (https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html)

And see where your current HODLing at and maybe you can project yourself where you want to be in that chart. So you can build your strong hands thru DCA and then in conjunction with this site, align yourself so best of luck. 

[tranthidung]

You can also add this site to DCA list of websites.

• https://dcacryptocalculator.com/bitcoin

Thank you. I know there are many websites for Dollar Cost Averaging but I did not intend to list all of them here but anyway, I am thankful for the information.

Results from dcacryptocalculator and costavg converge and give more detail of DCA then dcabtc. For instance if you want to calculate DCA results of investing 100 dollars into Bitcoin every week for last 3 years or from Dec 25, 2020 to Dec 25, 2023 then dcacryptocalculator shows that you have ROI of +44.10% and costavg shows that you have ROI of +42% while dcabtc says you have a loss of 20%.

I did not notice it because basically they are only tools to look backwards and only can be used to imagine what you can get if you apply DCA and with another assumption that Bitcoin will not change historic habit.

It's good to use these websites to have a quick overview but if you are accumlatng Bitcoin in DCA manner then always do calculations from your own pen and paper.

If you actually invest in Bitcoin, you will need to use some sites for Portfolio Trackers like

• Coingecko
  
  • Free & Powerful Crypto Portfolio Tracker
  • Be Smart and Manage Your Crypto Portfolio With Trading Tools
• Coinmarketcap
  
  • Portfolio Tracker
  • How to use the Coinmarkecap Portfolio Tracker?
• If you want open source?
  
  • Portfolio Performance [Open Source] - Keep track of your Crypto Portfolio!

I think that my point is to make sure that you do your own calculations, and sure there could be some reliance that the amount invested and the amount of BTC accumulated during that period of time would be in the ballpark of being correct,,,

I agree.

DCA saves time and headache but more important, it is more effectively than trading and other investment methods if you take your health benefit into consideration.

• JJG has his thread on this investment strategy. JJG's Bitcoin Investment Ideas (Sustainable Withdrawal / Portfolio Maintenance)

[Barikui1]

I just want to add to what you have already said, holding sometimes can be challenging due to so many factors, but as an investors as we are, we need to look for a way to navigate our way in the crypto space for us to be successful.
I suggest we take a look at this thread I created about holding https://bitcointalk.org/index.php?topic=5477689.msg63316374#msg63316374

[salad daging]

HODL has become inherent among investors, for HODL is the power to keep adding to bitcoin holdings.

I still find it difficult to understand the graph here https://hodl.camp I am more another DCA calculation calculator as mentioned above, even so, I always record every bitcoin purchase on Coinmarketcap so that I know the average price purchased and the ROI I get now, so this is not too much of a headache for me.

[avikz]

HODL has become inherent among investors, for HODL is the power to keep adding to bitcoin holdings.

I still find it difficult to understand the graph here https://hodl.camp I am more another DCA calculation calculator as mentioned above, even so, I always record every bitcoin purchase on Coinmarketcap so that I know the average price purchased and the ROI I get now, so this is not too much of a headache for me.

Yeah it's better to not get into all this technical staffs unless you really want to learn it. HODL should be simple. Just keep on accumulating and forget about them unless you have an emergency and you need the money at once. Don't ever check Bitcoin price on a regular basis. That creates a FOMO and people usually fall for it.

Bitcoin is like bluechip stocks. The longer it stays in your account, the better return it gives. You can use any simple portfolio apps simi6to the CMC one. Keep it simple!;

[Aanuoluwatofunmi]

One of the best means to make a profitable Investment with bitcoin is when we decided to hodl the coin for some time, this is not because we are not interested about using it to serve for its purpose as a digital currency we use for making payments or as a means of exchange, but we wanted to hodl all because we also have the opportunity of using bitcoin as an asset we could Invest on hodl for a particular time to yield profits instead of turning a liability provided we have the tenacity for doing that.

[Sim_card]

I just want to add to what you have already said, holding sometimes can be challenging due to so many factors, but as an investors as we are, we need to look for a way to navigate our way in the crypto space for us to be successful.
I suggest we take a look at this thread I created about holding https://bitcointalk.org/index.php?topic=5477689.msg63316374#msg63316374

Hodli is very simple and needs less skill, which makes it the best way to increase your bitcoin hodling. As long as you know how to save money in a bank, which is a practice that many of us have tried in different times in our lives. Id you see that the money is very important to achieve something good, you will save it so that you can achieve your goal. This is the same thing with bitcoin, the money that you are saving in the bank, just use to to buy bitcoin and keep piling them up in your self custody wallet until you have reached your bitcoin target. It is good to have a bitcoin target as this will give you a better chance to increase your bitcoin portfolio and also be patient with hodli.

[hugeblack]

The HODL camp map may be a non-illustrative map or we are not used to seeing it, so it is difficult to read, but its philosophy is simple, which is that profit is achieved within more than 4 years. Losses occur if you decide to buy after 6 months of halving with the intention of selling in the short term, so it is a representation in a way Or another for the 4-year bitcoin cycles.

Thanks for the information, this is the first time I know that there is an application for this word as charts.

[GbitG]

Hmm, OP interesting Topic
Just as Hodl words are easily discovered, so it gives profit easily. Well, as you rightly said, Hodl can give you profit easily, like your name, i.e., words. Invest in BTC for long-term investment and enjoy life by earning a profit. By the way, HODL is a unique strategy that can give you a profit. However, even if you don't know much about cryptocurrency and know some basics, HODL can organize your profit. Just simply buy the Dip and HODL will give you a profit in return.
 
Anywhere when I hear about HODL, I am delighted because, from the beginning till now, I have made the most profit in HODL, i.e. Bored in Buy the Dip and HODL. I had also made a profit by diversifying his portfolio under DCA for HODL. So I was a little excited after hearing about HODL. Everyone else has their own choice; some prefer holding, some prefer trading.

[tranthidung]

I always record every bitcoin purchase on Coinmarketcap so that I know the average price purchased and the ROI I get now, so this is not too much of a headache for me.

You are doing good practice but if any newbie is still curious and wondering that DCA is good or bad for their investment, they can create an account on Coinmarketcap and do regular DCA with their demo account. They will see DCA effects that are good for investment in long term but they will miss some time and chances to do it with demo DCA.

Bitcoin is like bluechip stocks. The longer it stays in your account, the better return it gives. You can use any simple portfolio apps simi6to the CMC one. Keep it simple!;

Perhaps you did not mean it, your account, I hope it means your non custodial wallet, not exchange account.

• Reminder: do not keep your money in online accounts

The HODL camp map may be a non-illustrative map or we are not used to seeing it, so it is difficult to read, but its philosophy is simple, which is that profit is achieved within more than 4 years. Losses occur if you decide to buy after 6 months of halving with the intention of selling in the short term, so it is a representation in a way Or another for the 4-year bitcoin cycles.

Bitcoin market cycle is about 4 years but the map shows us an interesting fact, if hodlers can hold their bitcoins more than 5 years, they surely get profit so far.

Because each hodler can have different entry and exit time and consequent prices so they can enter at very high price, stuck there and if they only hold their bitcoin like 4 years, they might have loss, even it is very small chance to fall into that minor cases.

If they can think bigger than only one market cycle, longer than only 4 years, they will have a safer investment strategy and also get better opportunities to gain profit.

• Bitcoin Profitable Days
• % profitable days holding Bitcoin: 94.1%

[MusaPk]

I agree.

DCA saves time and headache but more important, it is more effectively than trading and other investment methods if you take your health benefit into consideration.

I just have a small working on DCA vs LUM SUM Profit.

DCA:
If you invest 100 dollars per week into bitcoin starting from Dec 27, 2019 to Dec 27, 2023. Then your total investment is 20900$ in Bitcoin and ROI after 4 years will be +119% or your total investment goes up to 24870$

LUM SUM investment and HODL:
If you invest total 20900$ in Bitcoin on Dec 27, 2019 and HODL for 4 years then today your ROI will be +505% or investment goes up to 105690$.


https://dcacryptocalculator.com/

Likewise if you go to https://dcacryptocalculator.com/ and play with figures then you will notice that Lum sum investment also gives good result if you are willing to HODL for longer duration.

[JayJuanGee]

I always record every bitcoin purchase on Coinmarketcap so that I know the average price purchased and the ROI I get now, so this is not too much of a headache for me.

You are doing good practice but if any newbie is still curious and wondering that DCA is good or bad for their investment, they can create an account on Coinmarketcap and do regular DCA with their demo account. They will see DCA effects that are good for investment in long term but they will miss some time and chances to do it with demo DCA.

Personally, I do not get very excited about any kinds of demo or practice accounts, except maybe if somehow you are prohibited from using real money.. but then you better figure out some way to use real money in order to make any kind of experience more real..

So personally I believe that it is better to practice with real money, and sure maybe you have some trouble getting to the minimum order size and sometimes if you are real poor then the fees might end up being higher because there might be various fees such as flat fees and percentages that end up causing the transaction to cost higher, so there frequently will be desires, especially for more financially challenged folks to find ways to save on fees and other transaction costs.

Bitcoin is like bluechip stocks. The longer it stays in your account, the better return it gives. You can use any simple portfolio apps simi6to the CMC one. Keep it simple!;

Perhaps you did not mean it, your account, I hope it means your non custodial wallet, not exchange account.

• Reminder: do not keep your money in online accounts

Over the past year, and maybe even the last 3 months we have seen that there might be practicality to accumulate BTC on an exchange prior to creating a UTXO, especially for poor people.

I also do believe it is best to try to minimize your exchange exposure, but you also need to look out for your own best interest in terms of balancing how much to leave on exchanges versus various current or future potential transaction costs that might come through creating a bunch of small UTXOs.

Theymos may well be a bit off in his recommendation, especially when applied to some smaller accounts.

The HODL camp map may be a non-illustrative map or we are not used to seeing it, so it is difficult to read, but its philosophy is simple, which is that profit is achieved within more than 4 years. Losses occur if you decide to buy after 6 months of halving with the intention of selling in the short term, so it is a representation in a way Or another for the 4-year bitcoin cycles.

Bitcoin market cycle is about 4 years but the map shows us an interesting fact, if hodlers can hold their bitcoins more than 5 years, they surely get profit so far.

There is no guarantee to get a profit, even if the chart shows historically what the profit levels have been.

Because each hodler can have different entry and exit time and consequent prices so they can enter at very high price, stuck there and if they only hold their bitcoin like 4 years, they might have loss, even it is very small chance to fall into that minor cases.

Actually that is what I specifically like about the chart.  It does not really tell us about our own holdings, especially if we have a whole hell of a lot of transactions, but it tells us about the level of profits of any transactions on any particular day, to the extent that we are able to narrow in on a particular day.

If we have a bunch of transactions and various dates and various transaction amounts, we may well need to use a different tool to figure out our average portfolio costs.

Even though I really like the tool, there is some aspect of non-reality (or maybe bad recommendation) in terms some folks who might buy BTC and then just sit on their investment or if they fantasize about buying on one day or another and then what would have had happened.  That is kind of a trader and gambling mindset, and one of the smartest things is to actively manage your holdings by continuing to buy, whether that is lump summing, buying on dips and/or DCAing... and for sure if you lump sum at a certain point and then the BTC price goes down rather than up, it may well be a good idea to have some money left over to either be able to buy on the dip or to DCA.

On the other hand, if you buy and the BTC price mostly just goes up from the point of your purchase, then maybe you just sit on your investment for as long as you believe is necessary until you cash out.. in the event that you don't create some longer term BTC portfolio plans that might involve cashing out incrementally rather than concluding that you are justified to cash out a bunch at one time, even if you conclude it to be sufficiently profitable for your own likings.

If they can think bigger than only one market cycle, longer than only 4 years, they will have a safer investment strategy and also get better opportunities to gain profit.

• Bitcoin Profitable Days
• % profitable days holding Bitcoin: 94.1%

For sure there is compounding effect that comes from holding over more than one cycle, and sure it is possible that a person gets so much compounding effect merely in one cycle that he cannot resist except to sell, so that is understandable, yet in bitcoin there has been greater and greater compounding effects to hold longer and longer, rather than cashing out, yet of course, past performance does not guarantee future results, even if we should not conclude that bitcoin's investment thesis has gotten weaker (rather than stronger) over the past cycle or two... Bitcoin surely does seem to possess some Lindy effect qualities in which the longer it is in existence the stronger it seems to get.. or at least the more we might be able to conclude that it is is going to continue to exist, even if the returns might not be as great (in terms of percentages) as they were in the past, but part of any investment is not ONLY considering upside potential but also getting some value in the solidification that lesses downside potential... while still not guaranteeing any of these price performance matters in either direction.

I agree.
DCA saves time and headache but more important, it is more effectively than trading and other investment methods if you take your health benefit into consideration.

I just have a small working on DCA vs LUM SUM Profit.

DCA:
If you invest 100 dollars per week into bitcoin starting from Dec 27, 2019 to Dec 27, 2023. Then your total investment is 20900$ in Bitcoin and ROI after 4 years will be +119% or your total investment goes up to 24870$
LUM SUM investment and HODL:
If you invest total 20900$ in Bitcoin on Dec 27, 2019 and HODL for 4 years then today your ROI will be +505% or investment goes up to 105690$.

https://dcacryptocalculator.com/
Likewise if you go to https://dcacryptocalculator.com/ and play with figures then you will notice that Lum sum investment also gives good result if you are willing to HODL for longer duration.

You have to also presume some abilities to lump sum, which may well not be options, and I already largely responded to those ideas in this post.

[MusaPk]

You have to also presume some abilities to lump sum, which may well not be options, and I already largely responded to those ideas in this post.

I just revisited my calculations and went through your post and concluded you are right about Lump Sum.

• If somebody had Lump Sum invested 20k$ on Nov 8, 2021 when price of Bitcoin was ATH of 67k$ then he defiantly will be in loss at the moment. Even after 2 years of that Lump Sum investment.
• Even if you back to Dec 2019 when price of Bitcoin went high to 19k$ then investing 20k$ at that time would be hard to recover.

Case of DCA will be different and will produce positive results if calculated over a period of longer duration.
Just like we can't compare Apple with Oranges, so better not compare DCA with Lump Sum.

[JayJuanGee]

You have to also presume some abilities to lump sum, which may well not be options, and I already largely responded to those ideas in this post.

I just revisited my calculations and went through your post and concluded you are right about Lump Sum.

• If somebody had Lump Sum invested 20k$ on Nov 8, 2021 when price of Bitcoin was ATH of 67k$ then he defiantly will be in loss at the moment. Even after 2 years of that Lump Sum investment.
• Even if you back to Dec 2019 when price of Bitcoin went high to 19k$ then investing 20k$ at that time would be hard to recover.

Case of DCA will be different and will produce positive results if calculated over a period of longer duration.
Just like we can't compare Apple with Oranges, so better not compare DCA with Lump Sum.

I don't have any problems comparing them, but yeah, they are different categories of things and each of them can work well under certain kinds of circumstances, and surely a person who has a lump sum available has options regarding how to consider investing, whether that is lump sum all of it or to perhaps lump sum part and maybe even DCA other parts and buy on dips with other parts.

A person who does not have a lump sum available has to just deal with cash as it comes in, and in some cases, there are folks who do not have good habits of saving and/or investing and maybe they don't even really know how to do it, so DCA would likely be better for them because they can just choose an amount to invest over whatever period of time that is based on how much disposable income that they have, and if they were to save it in cash and then invest it later, then that may or may not be practical, but it could end up being a form of lump sum that is buying on dip if they really think that there might be utility in terms of waiting when they get into BTC.. which it is never really clear when those periods of long and deep correction are going to happen and at the same time, even if they happened in a certain pattern in the past, it is not even close to assured that such long and deep corrections are going to happen in similar ways in the future... even though bitcoin's ongoing volatility is likely inevitable, we just can never really be sure of the direction (especially in the short-to-medium term, even if even if we can develop theories and even probabilities). 

[CODE200]

Bitcoin market cycle is about 4 years but the map shows us an interesting fact, if hodlers can hold their bitcoins more than 5 years, they surely get profit so far.

There is no guarantee to get a profit, even if the chart shows historically what the profit levels have been.

Definitely no guarantee of profit especially if you didn't hodl or buy any bitcoin before the price of bitcoin reached an all time high besides not investing though I don't see how it doesn't guarantee a bitcoin hodler any profit when the chart is consistent that at this X period is the time where the price likely to hit it's all time high or something.

On the other hand, if you buy and the BTC price mostly just goes up from the point of your purchase, then maybe you just sit on your investment for as long as you believe is necessary until you cash out.. in the event that you don't create some longer term BTC portfolio plans that might involve cashing out incrementally rather than concluding that you are justified to cash out a bunch at one time, even if you conclude it to be sufficiently profitable for your own likings.

If you don't include buying back after cashing out then hodling until the desired price shows is going to be the most sufficient of them all and if you don't sell at an increment then wouldn't it mean that you're getting more profit compared to someone that's profiting albeit in small amounts because they sell a small part?

[JayJuanGee]

Bitcoin market cycle is about 4 years but the map shows us an interesting fact, if hodlers can hold their bitcoins more than 5 years, they surely get profit so far.

There is no guarantee to get a profit, even if the chart shows historically what the profit levels have been.

Definitely no guarantee of profit especially if you didn't hodl or buy any bitcoin before the price of bitcoin reached an all time high besides not investing though I don't see how it doesn't guarantee a bitcoin hodler any profit when the chart is consistent that at this X period is the time where the price likely to hit it's all time high or something.

On the other hand, if you buy and the BTC price mostly just goes up from the point of your purchase, then maybe you just sit on your investment for as long as you believe is necessary until you cash out.. in the event that you don't create some longer term BTC portfolio plans that might involve cashing out incrementally rather than concluding that you are justified to cash out a bunch at one time, even if you conclude it to be sufficiently profitable for your own likings.

If you don't include buying back after cashing out then hodling until the desired price shows is going to be the most sufficient of them all and if you don't sell at an increment then wouldn't it mean that you're getting more profit compared to someone that's profiting albeit in small amounts because they sell a small part?

Don't get me wrong.  I am surely for the idea of ongoing investing into bitcoin and long term holding, yet you are not going to get me to agree that there is any guarantee that your BTC will be profitable, even though historically all coins held at least 5 years have ended up being profitable.

I also recognize and appreciate the asymmetric nature of bitcoin, in that there are a lot of folks who have accumulated bitcoin for years, and of course there are a lot of folks who have been holding bitcoin for many years and have gone through many doublings of their coin value which has a certain kind of compounding and/or exponential effect on those kinds of BTC holders, so many times we are thinking small potatoes if we  are merely considering whether some day coins might be profitable in stead of the longer that people have been holding their coins the more likely that they are going experience many doublings and ongoing compounding effects..  while at the same time there are no guarantees.

I personally started out in bitcoin when prices were around $1,100 to $1,200 in late 2013, so I frequently considered my BTC holdings in terms of the average cost per BTC, and I likely brought my average cost per BTC down to quite a bit below $500 per BTC by the time late 2016 had come, but at the same time I made some mistakes along the way including having some sim-swap problem, so I frequently like to just proclaim that my coins have around a $1k per coin average cost, even though there coudl be other ways that I could frame the matter or even taking some coins and grouping them with other coins that were bought around the same time and various kinds of subdividing of my BTC stash; however, I am not even sure how useful that is, even if the the tax man frequently forces us to jump through those kinds of accounting hoops.

In any event, many of us who have been a long time in bitcoin have also experienced upside and compoundings (and exponential growth) of the value of our BTC holdings, but you are still not going to get me to suggest that any particular coin that is bought now, in the future or even past coins are guaranteed to be in profits in the future or even including that past coins that are currently in profits are going to continue to be in profits, even if there is a whole hell of a lot of cushion between current price and the cost basis. 

On the other hand, I do have a lot of reliance in the 200-week moving average, even with my own calculation of personal strategies and even attempt to provide frameworks for how to think about the value or our BTC stashes (looking at my ideas behind sustainable withdrawal).. and so in that regard, the 200-week moving average has always gone up, and its worst performance period was between about June 2022 and November 2023, even though it still went up 20% on an annualized basis during that time (as you can see from my entry-level fuck you status chart).  Another thing is that the 200-week moving average is not guaranteed to continue to go up even though right now it is going up around $25 per day and likely to on track to having at least a 30% annualized performance for our current six month period between December and May.. 

So even though I consider BTC going up as not guaranteed, I still consider that any of who have stacked enough BTC could likely employ BTC stack management practices that allow us to have good chances of being able to withdraw BTC at higher rates than we would be able to sustainably withdraw in traditional investments, so I largely use 6-10% as sustainable withdrawal, even though I throttle those values if the BTC spot price start to get to become less than 25% higher than the 200-week moving average... so surely I consider there to be a lot of power and value in terms of building a BTC stack, but you are still not going to get me to claim that there are guarantees of UPpity BTC price moves, even if the 200-week moving average (which is a lagging indicator) has never (so far in BTC's price history) gone lower than 20% annualized.

[bettercrypto]

When we hold Bitcoin in real life, we see that it has both advantages and disadvantages. If we look closely, owning Bitcoin for a long time can provide possible rewards.

One of these advantages is that it provides high profits and inflation protection, but it also involves large risks due to volatility, regulatory uncertainty, and security issues. Before making any investing decisions, think about your risk tolerance, financial objectives, and understanding of the bitcoin market.



Referrence:

https://www.creditkarma.com/investments/i/pros-and-cons-of-bitcoin
https://www.cointree.com/learn/pros-and-cons-of-bitcoin/

[tranthidung]

When we hold Bitcoin in real life, we see that it has both advantages and disadvantages. If we look closely, owning Bitcoin for a long time can provide possible rewards.

One of these advantages is that it provides high profits and inflation protection, but it also involves large risks due to volatility, regulatory uncertainty, and security issues. Before making any investing decisions, think about your risk tolerance, financial objectives, and understanding of the bitcoin market.

Volatility is only a big concern if you plan to hold bitcoin in short term. If you hold it long term, like about 5 years, volatility is not your concern because price is strongly upward.

ROI chart shows this fact https://casebitcoin.com/charts#roi_chart
Choose different time frame like 1 year, Year to date, 2 years, 3 years, 5 years and see different ROIs. With 5-year ROI chart, I am sure you will see no concern with Bitcoin volatility in short term.