The power of HODLing BTC

[Qwertykk]

https://talkimg.com/images/2024/03/27/V2xlj.jpeg

So I just saw this on platform X and it really got my attention because when I reasoned it, it's actually quite crazy but real too and many Bitcoin HODLers today don't really know the power and benefits behind this particular thought of action.

Here is the link from 0.20$ to $70k

HODLing of Bitcoin is probably the most talk and deliberated matter on the crypto space and even here in the community. And it's funny how many people have turned a blind eye to this and some persons are feeling that Bitcoin price today is too big to buy well the thing is that everytime is a good time to buy, that's if you are a long term holder and I for one, am shocked at seeing how Bitcoin has been held for almost 14 years now although I know they are still some folks still HODLing and even planning to keep for longer terms maybe when Bitcoin reaches $200k to $500k before they actually sell off.

I think there's probably a reason why they say patience is virtue and it's something most humans don't have and in the case of Bitcoin journey, it's something that everyone needs to actually achieve that financial boost goal in the HODLing of our Bitcoin.

So I bring this for some folks to actually share atleast boost our spirits in the HODL journey especially those newbie to the space, that if someone out there is still HODLing why not HODL?.

Note:: remember to keep your coins safe too that's base on the preference of a non-custodial wallet or cold wallet if you are HODLing for long term

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Holding is quite a problem for some people.

Some people get choked up with little issues in life and sees no way out other than selling theirs.

Some feel content with whatever value is above their cap...

[RockBell]

HODLing has always been the best resort for most Bitcoin investors because it's proven to be one of the safest way to keep staying profitable with only very little risk involved in it but other method  although has been really good but has been risky especially talking about trading, it's away of making money almost quickly from cryptocurrency buy has aswell been seen to be very risky due to volatility which sometimes isn't what the reader will be able to handle because they may not be knowledgeable enough to handle such situations so it's best they stick to buying, Hodling and seeling at higher price to make profits.

If you HODL you reduce your chances of being at risk of a loss or been at risk of loosing your asset even when there's volatility, hodling reduces the risk attached even with all the volatility that may come along side while hodling your assets.

When you look at whales, all they do is hold whether the price is rising or falling. I was imagining what would happen to the market if any whale decided to sell. So, as holding is favorable, I considered the other side of it. People choose to retain because they believe that if the price falls, it will recover. And that is why you see a lot of people want to hold. They are trying to aviod the risk behind trading and they don't have to do much of market study. That is why many people will continue to prefer to hold rather than trade. Less risk, less worry, and much more. All have their advantages. You will make money based on how effectively you specialize in your field. It is up to you to buy when the price is low and sell when the price is high.

[Negotiation]

Holding minimizes risk a lot and is very powerful investors who have become multi-millionaires through this holding just have to wait patiently. Durable results never go bad there are many investors who unknowingly sell small profits but later regret it. Now is the time to become millionaires for those who have held bitcoin since the beginning. Being able to hold on for so long has reached the pinnacle of success.

[blckhawk]

Woah. That is indeed crazy. Such a huge respect to whoever that person
for having the patience and trust in bitcoin. They have gained so much profits.
Makes me kind of jealous I was not yet aware of bitcoin at 2010 but hey, at least
now I am holding it and I intend to hold it for dear life

Definitely biggest respect, if this person really did hodl this long then that means that this man trusted the process and that they believe in the technology and the utility of bitcoin. I guess your faith in bitcoin doesn't really need to be that strong but you need to have that faith because if you did, bitcoin would eventually deliver and give you the profit that you deserve for hodling and waiting it out. That person is probably ecstatic right now with the value of the bitcoin that they've got, they're celebrating right now even if they don't sell anything right now.

[GideonGono]

I'm curious about how did they made it this far, did they just invest in early stage and forget about it or did they really endured the greed of taking profit from all those year.
Honestly I know that I couldn't do that kind of move, even if the money that I've invested is just an excess from my salary, I would surely move it or take profit when it fly high.

[Dunamisx]

If we are investing in bitcoin and are ready to hodl, then its most likely that we are going to be profitable in it because it appreciate over time and there's no way bitcoin can be influenced negatively by the impact of inflation on the economy, also, if we are to look in the way bitcoin appears, its a decentralized digital currency that doesn't have the influence of the centralized economy on its network or market price.

[BABY SHOES]

The news will come again that the first HODLer BTC will take out his old wallet.

Imagine that bitcoin used to be priceless now become millionaires if they have thousands of bitcoins that used to be HODL until now, this is important to remind us to keep investing when the price is as low as possible, then imagine into the future 14 years from now will bitcoin go to $500K? Still very possible.

2010 did not know anything and many outsiders have known bitcoin since early on, I don't feel sorry because it's a different life but now it will slowly know how important bitcoin is for HODL.

[Tmoonz]

Holding is powerful because it gives you the compounding value of yourself investment over time, any that one considering Bitcoin in his portfolio should have that certain level of preparedness that will accompany him or her in the investment journey in other not to sell too soon but hold in other to experience the power of compounding value of his investment over time.

[Furious 7]

I think there's probably a reason why they say patience is virtue and it's something most humans don't have and in the case of Bitcoin journey, it's something that everyone needs to actually achieve that financial boost goal in the HODLing of our Bitcoin.

So I bring this for some folks to actually share atleast boost our spirits in the HODL journey especially those newbie to the space, that if someone out there is still HODLing why not HODL?.

Note:: remember to keep your coins safe too that's base on the preference of a non-custodial wallet or cold wallet if you are HODLing for long term

This is a form of seriousness from investors where what is done is not only based on words about bitcoin is a good innovation and worth doing but he actually takes action where he continues to buy while he can and collects without caring what happens in the temporary movement of bitcoin whether it goes up or not he doesn't really care about that because the long term is the target that is really wanted.

He is a legendary where because it is very strong to hold until now and is not too affected by the value that occurs and I think it will be very rare for us to find something like this because it is indeed a rarity where in the end when the mindset of most people immediately sells bitcoin when it has profited several times but he continues to hold with the belief that bitcoin can be even higher in the future.
 

[_BlackStar]

-snip-

Holding is quite a problem for some people.

Some people get choked up with little issues in life and sees no way out other than selling theirs.

Some feel content with whatever value is above their cap...

Problems are more likely for anyone who fails to properly prepare their investment plan - meaning you should never invest without planning. New investors are very likely to invest their entire budget without realizing how important an reserve budget is - this can cause them to make changes to their investment plans including having to sell all their investment assets rather than hold them long term.

Without a reserve budget or emergency budget - you will most likely mess up your investment plans due to lack of other solutions other than selling assets. This is the importance of an reserve fund - it can at least give you a temporary solution before selling investment assets and this depends on how much budget you need. Set a limit on your investment budget - set aside a few percent of it as an reserve fund.

[tottong]

If we are investing in bitcoin and are ready to hodl, then its most likely that we are going to be profitable in it because it appreciate over time and there's no way bitcoin can be influenced negatively by the impact of inflation on the economy, also, if we are to look in the way bitcoin appears, its a decentralized digital currency that doesn't have the influence of the centralized economy on its network or market price.

It is a common understanding that investing in bitcoin for the long term will produce profits because the strength of bitcoin will look better if it is held for the long term.
But this applies to people who already understand the conditions of bitcoin's journey because there are many people out there who still don't believe in bitcoin as a step to achieving financial freedom.
Bitcoin is a source of strength in a bad economy and even due to the impact of inflation, Bitcoin is still one of the best assets that is able to maintain its value. That's why the power of bitcoin has been so tested that it has achieved widespread adoption and this happened because people saw the best opportunity that bitcoin had.

[suzanne5223]

Holding is powerful because it gives you the compounding value of yourself investment over time, any that one considering Bitcoin in his portfolio should have that certain level of preparedness that will accompany him or her in the investment journey in other not to sell too soon but hold in other to experience the power of compounding value of his investment over time.

Holding is indeed powerful but it's not something easy to do as some people view it because 70% of all holders of Bitcoin later sell it along the line and it's not because they don't understand the power of holding with the benefit it entices. It is because they don't understand or have the knowledge of what they ought to do so they can continue keeping their bag and overcome emergency selling.

[Hypnosis00]

That looks unbelievable for a person who really has the guts to to hold and keep holding for many years without touching any from it even during the ATH. I'd feel the real trust there and he strongly believes that the price of Bitcoin will continue to rise which makes that person hold and have no intention of selling for now.

Well, if you are really a rich person, we can't just think about it because we have not only focused on a single investment. That is a big factor in why some people especially the person behind that wallet never touched his/her Bitcoin until today. If he is just an average or poor person, I don't think we can still see that amount, that certainly emptied every bull season.

[Vincom]

Holding minimizes risk a lot and is very powerful investors who have become multi-millionaires through this holding just have to wait patiently. Durable results never go bad there are many investors who unknowingly sell small profits but later regret it. Now is the time to become millionaires for those who have held bitcoin since the beginning. Being able to hold on for so long has reached the pinnacle of success.

Early Bitcoin holders have achieved truly impressive profits, however I can also imagine the hardships they endured when deciding to continue holding when the price reached ATH or when the crypto market entered a crypto winter with a 70-80% decline of BTC price. In addition, the most important thing they did was make the wise decision to choose the right asset to hold: BTC, the crypto king! If they had held other tokens that were once in the top 10 such as Peercoin (PPC) or Namecoin (NMC), their profits would have turned into losses.

Currently, investors are also faced with the decision of whether to hold BTC for the long term, about 10-15 years. I believe that the majority will prefer to invest in altcoins to get higher profits in each altseason. That could also be the reason why many people who used to have a lot of BTC but couldn't hold and become millionaires.

[boyptc]

That looks unbelievable for a person who really has the guts to to hold and keep holding for many years without touching any from it even during the ATH. I'd feel the real trust there and he strongly believes that the price of Bitcoin will continue to rise which makes that person hold and have no intention of selling for now.

Or possibly that he didn't care at all all of this time but he's aware of his holdings.

Usually, a person like this have got other source of income and have got a busy world on how they're going to spend their wealth.

Now, another good problem came out on how he's going to spend it again. 

Mad respect to the guy for holding this long.

[GreatArkansas]

That looks unbelievable for a person who really has the guts to to hold and keep holding for many years without touching any from it even during the ATH. I'd feel the real trust there and he strongly believes that the price of Bitcoin will continue to rise which makes that person hold and have no intention of selling for now.

Or possibly that he didn't care at all all of this time but he's aware of his holdings.

Usually, a person like this have got other source of income and have got a busy world on how they're going to spend their wealth.

Now, another good problem came out on how he's going to spend it again. 

Mad respect to the guy for holding this long.

True, a lot of people will relate. This person can be like cleaning then he/she finds some treasure
These days, it's now impossible to hold this very long if you know you have Bitcoins and can use them since 2010, a lot of roller coaster rides happened in Bitcoin that will shake emotions of people.

[MusaMohamed]

True, a lot of people will relate. This person can be like cleaning then he/she finds some treasure
These days, it's now impossible to hold this very long if you know you have Bitcoins and can use them since 2010, a lot of roller coaster rides happened in Bitcoin that will shake emotions of people.

Now in 2024 and in future, it is and will be more easier to have belief in Bitcoin to hold it for a long time as a solid asset for your portfolio and wealth.

In past years like 2009, 2010, 2013 and before the bull run of 2017, it was harder to hold Bitcoin because back in these years, Bitcoin still has big risk to fail and die. Since 2017 - 2018 bull run, when Bitcoin made its all time high to nearly $20,000, belief in Bitcoin became bigger and fact is Bitcoin already shown its very strong survival. Since then, it's more easily to hold Bitcoin and from 2017 to 2024, people like me have more reasons to hold my bitcoins.

[Out of mind]

OP, I saw this post of yours and my vision went up a lot with so many bitcoin holdings. It is really interesting that people are keeping their money invested in bitcoins or paying them more money, from which they have succeeded in making huge profits. If this is a space that goes from buying low-cost bitcoins to buying higher-priced bitcoins, then I think it's a whale wallet that has a lot of bitcoins. If this whale is holding so many bitcoins, then surely he has long term plans where he will get more profit. If the price of bitcoin holds until it goes up to $500k, then surely he is holding bitcoin for long term investment. And when Bitcoin goes to this level it's really fascinating how much it will gain, and I'm really attracted to this investment, of course it's held for the long term. The person holding so many bitcoins here must be a patient and wise person and I think he will buy more sales in future and hold it for long term.

[Asuspawer09]

I mean if they still have access to this Bitcoin, I gonna give them that one its a real dedication and its not a easy thing to actually do, holding for years is probably torture, I wouldn't say it wasn't smart at all since at the moment the value of this is just to the roof, probably could millions and billion of dollars in today's money, but hopefully they still have access to this Bitcoin because in those years its not easy to monitor it unless they are really aware and have knowledge on what is happening on Bitcoin and intentionally HODLing in years. We could maybe assume that most of this are lost Bitcoin already, I mean its already a common cases, since these addresses doesn't really have any movements for years already.

I watched a YouTuber reviews low-income people who actually become a millionaire before they die, there are some people there who invested 60$ back in a stock market company that is now valued at millions of dollars, which proves how powerful it is to hold on your assets, and these reviews are on stock market, which are companies that takes a long time before even having a huge movement on its price, compared to cryptocurrency that is more volatile that stock. I guess a lot of traders these days was just not patient enough on the market because they just want to make a quick cash expecting do always do a shortcut in the market become a millionaire in a short amount of time.

[Bravut]

Holding of BTC is the only way and proven approach to enjoy the immense benefit of bitcoin. Past track of price movement and data present shows that long term view in the bitcoin market is appreciative. Buying, accumulating the fuck out of bitcoin, and holding in space of 4yrs - up, that bitcoiners will surely see immense profits he would realise than others that  buy and sell once in profits in short term space.

While the whales keep soaring higher is as a result of them accumulating and holding enough bitcoins, they base on building huge portfolio than seeking profits on there holdings, bitcoin is not only a valuable digital asset but also Precious as Gold, Diamond and currently the most invested market with a market cap of $1,376,070,650,994 . It high time we look beyond and value your holdings.

Before one can say he has invested or making any investment plan, patience need to be tested because it wouldn't be all good, the value would be in ups and down.
Investment plan should have minimum of 4 years space time, not some 6mths, 2yrs plan.
So, while we buy, we hold and keep accumulating, when we want to sell, we sell off only part of the holdings mininum of 4yrs interval.