The power of HODLing BTC

[ndutndut]

HODLING any kind of cryptocurrency for a long period of time is easier said than done and I am speaking from experience especially if you are checking out the prices on a regular basis through various channels.

Some investors got really lucky and scored big thanks to forgetting about their stash completely and remembering at the perfect time. This is the easiest way to HODL for years.

That's right. Holding crypto is easy to say but when it comes to doing it is very difficult because there will be a lot of emotional pressure, fear and many other things that will continue to be on our minds, especially if we monitor the price all the time, of course it will affect our psychology in investing.

Therefore, before holding, we must first do research first so that it will be safer for us to invest because we know what the future of bitcoin is like. Bitcoin is an asset for the long term, and holding bitcoin is the right strategy to achieve success.

There are so many examples of the power of holding bitcoin that have succeeded and been financially successful, such as the example given by OP. So it's no wonder that if we already know what kind of Holding power we will be calmer when investing and usually we will also be more relaxed and don't need to check the asset price many times or every day because we believe in Bitcoin assets. In essence, this strategy will keep us calm and anti-anxiety even though the price is falling because we have confidence in our goals.

[bitzizzix]

HODLING any kind of cryptocurrency for a long period of time is easier said than done and I am speaking from experience especially if you are checking out the prices on a regular basis through various channels.

Some investors got really lucky and scored big thanks to forgetting about their stash completely and remembering at the perfect time. This is the easiest way to HODL for years.

That's right. Holding crypto is easy to say but when it comes to doing it is very difficult because there will be a lot of emotional pressure, fear and many other things that will continue to be on our minds, especially if we monitor the price all the time, of course it will affect our psychology in investing.

Therefore, before holding, we must first do research first so that it will be safer for us to invest because we know what the future of bitcoin is like. Bitcoin is an asset for the long term, and holding bitcoin is the right strategy to achieve success.

There are so many examples of the power of holding bitcoin that have succeeded and been financially successful, such as the example given by OP. So it's no wonder that if we already know what kind of Holding power we will be calmer when investing and usually we will also be more relaxed and don't need to check the asset price many times or every day because we believe in Bitcoin assets. In essence, this strategy will keep us calm and anti-anxiety even though the price is falling because we have confidence in our goals.

The anxiety in holding Bitcoin seems to be felt by almost all beginners who are new or just entering the world of Bitcoin, and maybe their expectations are too high because there are already so many investors who have profited from Bitcoin and also Bitcoin's extraordinary track record as a very promising and profitable long-term investment makes them interested. Therefore, it is very important for those who hold Bitcoin to have a strong mentality and sufficient knowledge to be able to do it well and calmly when the price of Bitcoin is falling because they already have a strong belief that whatever happens to the price of Bitcoin will definitely go up again, because that's how Bitcoin works because of several factors that cannot be known but in the end in the long term the price of Bitcoin will continue to increase. Therefore, it would be nice if we really have sufficient knowledge in terms of analysis, instill strong beliefs and patience in doing so so that everything goes according to plan. And most importantly, don't use money for needs.

[Zoomic]

HODLING any kind of cryptocurrency for a long period of time is easier said than done and I am speaking from experience especially if you are checking out the prices on a regular basis through various channels.

Some investors got really lucky and scored big thanks to forgetting about their stash completely and remembering at the perfect time. This is the easiest way to HODL for years.

That's right. Holding crypto is easy to say but when it comes to doing it is very difficult because there will be a lot of emotional pressure, fear and many other things that will continue to be on our minds, especially if we monitor the price all the time, of course it will affect our psychology in investing.

Therefore, before holding, we must first do research first so that it will be safer for us to invest because we know what the future of bitcoin is like. Bitcoin is an asset for the long term, and holding bitcoin is the right strategy to achieve success.

There are so many examples of the power of holding bitcoin that have succeeded and been financially successful, such as the example given by OP. So it's no wonder that if we already know what kind of Holding power we will be calmer when investing and usually we will also be more relaxed and don't need to check the asset price many times or every day because we believe in Bitcoin assets. In essence, this strategy will keep us calm and anti-anxiety even though the price is falling because we have confidence in our goals.

The anxiety in holding Bitcoin seems to be felt by almost all beginners who are new or just entering the world of Bitcoin, and maybe their expectations are too high because there are already so many investors who have profited from Bitcoin and also Bitcoin's extraordinary track record as a very promising and profitable long-term investment makes them interested. Therefore, it is very important for those who hold Bitcoin to have a strong mentality and sufficient knowledge to be able to do it well and calmly when the price of Bitcoin is falling because they already have a strong belief that whatever happens to the price of Bitcoin will definitely go up again, because that's how Bitcoin works because of several factors that cannot be known but in the end in the long term the price of Bitcoin will continue to increase. Therefore, it would be nice if we really have sufficient knowledge in terms of analysis, instill strong beliefs and patience in doing so so that everything goes according to plan. And most importantly, don't use money for needs.

The best way to overcome this anxiety is to have a plan. For instance,  a person who wants to invest in bitcoin as a retirement plan will definitely be willing to invest for years without that urge to withdraw and start spending the money. The plan could be to invest for 2, 3, 4 years and above as the case may be because there is a goal to achieve. The investment decisions will never be thesame with someone without any set plan who just wants to to hodl till the value appreciates a bit and they withdraw immediately. You see this kind of people constantly checking the price of bitcoin because they don't want to be taken unawares.

Whether a person intends to invest for short term or long-term, a good investment plan should be able to help them remain focused on the goal or target they intend to reach. It is only an unserious investor that will invest without a plan and regret when others are making it big.

[Muba20]

A Bitcoin investor never loses in the long run. Even some investors who are exposed to short-term losses due to volatility or for the bearish markets can still benefit if they hold Bitcoin for the long term. There are many investors who think that the current price of Bitcoin is too high for them to buy. Because as time has passed since the discovery of Bitcoin, the value of Bitcoin has also increased. If we look closely at the price of Bitcoin from 2009 to 2024, we will see that those who hold Bitcoin do not lose. This trend will continue in future. There are many who will not be able to avail this opportunity.

If we look at the entire Bitcoin chart from 2009 to 2024, we can definitely say that Bitcoin holders are not harmed.



https://www.forbesindia.com/article/explainers/bitcoin-price-history/92523/1

[Dailyscript]

That's right. Holding crypto is easy to say but when it comes to doing it is very difficult because there will be a lot of emotional pressure, fear and many other things that will continue to be on our minds, especially if we monitor the price all the time, of course it will affect our psychology in investing.

Therefore, before holding, we must first do research first so that it will be safer for us to invest because we know what the future of bitcoin is like. Bitcoin is an asset for the long term, and holding bitcoin is the right strategy to achieve success.

There are so many examples of the power of holding bitcoin that have succeeded and been financially successful, such as the example given by OP. So it's no wonder that if we already know what kind of Holding power we will be calmer when investing and usually we will also be more relaxed and don't need to check the asset price many times or every day because we believe in Bitcoin assets. In essence, this strategy will keep us calm and anti-anxiety even though the price is falling because we have confidence in our goals.

I dont know what you meant by doing it in this context. But people indeed get pressured for various reasons in the crypto world. Especially with Bitcoin and one main reason is because of the fluctuations in the price. Meanwhile, that shouldn't be the reason why they should tamper with their investment or get pressured to sell them off without reaching their target.

The longer we hold our Bitcoin the higher we expect the result of it. Now, let's understand that if we hold a small portion of Bitcoin we shouldn't be expecting much in return even in the next 10 years because by then purchasing power would increase. What we can do now is to continue buying more if we have not reached a good amount in our portfolio. There are better opportunities now to buy and if we keep buying we will end up great.

[CryptoHeadlineNews]

The only time Bitcoin could go to $200K-$500K is if the USD crashes. But, if the USD crashes, so much other stuff will go down at the same time... the electrical grid or the Internet will probably go down, too. Nobody will be able to use their hodled Bitcoin.

If it happens like that, of course sir, where the feeling of storing USDT is no longer attractive and does not benefit them and it is the nature of their profit seekers to immediately move and put all their assets into the BTC instrument regardless of time and situation. However, related to the electricity network or the internet will also be down at the same time, it is beyond my expectations.

Yeah, I don't think it will happen during our lifetime, so, it's a speculation to be considered, but not in the upcoming cycles.
Of course, that's my opinion. And we should accumulate BTC regardless of what was described.

Every speculation has 50% chance of being actualized, and likewise 50% chance to not, which is why we shouldn't doubt if any speculation is made, most especially about digital currencies like Bitcoin, because the same way people in 2010 would never have believed Bitcoin will rise to $1000 per Bitcoin, and when it crossed, so where people also doubting Bitcoin wouldn't crossed $10,000, and it did, likewise Bitcoin at $50,000 and above. Hence, there is a high possibility of people crossing $200,000 bench mark in next 15yrs.

[Yaunfitda]

The only time Bitcoin could go to $200K-$500K is if the USD crashes. But, if the USD crashes, so much other stuff will go down at the same time... the electrical grid or the Internet will probably go down, too. Nobody will be able to use their hodled Bitcoin.

If it happens like that, of course sir, where the feeling of storing USDT is no longer attractive and does not benefit them and it is the nature of their profit seekers to immediately move and put all their assets into the BTC instrument regardless of time and situation. However, related to the electricity network or the internet will also be down at the same time, it is beyond my expectations.

Yeah, I don't think it will happen during our lifetime, so, it's a speculation to be considered, but not in the upcoming cycles.
Of course, that's my opinion. And we should accumulate BTC regardless of what was described.

Every speculation has 50% chance of being actualized, and likewise 50% chance to not, which is why we shouldn't doubt if any speculation is made, most especially about digital currencies like Bitcoin, because the same way people in 2010 would never have believed Bitcoin will rise to $1000 per Bitcoin, and when it crossed, so where people also doubting Bitcoin wouldn't crossed $10,000, and it did, likewise Bitcoin at $50,000 and above. Hence, there is a high possibility of people crossing $200,000 bench mark in next 15yrs.

And that's what the part wherein we should be long term holders isn't it? As Bitcoin's past history tells us that it has a high chance to increased and see the price at least at this bull run to be around $100k in 2025 and probably this is what the OP meant about the power of HODLing. Although I believed that there could only be few individuals who has that mental power to hold for a long time and not sell every cycle. I'm talking about every 4 year cycle, we keep on saving at the bear market, and then sell at the bull run, and so it take years and years of doing DCA. So it might not be for everyone who are weak in their mind and can't go on to continue and hold for whole 4 year cycle. But for those, then congrats, you have indeed have a diamond hand.

[Outhue]

It is not as if holding Bitcoin is your sure way through heavens gate, or am I wrong? Everyone holds bitcoin for their own reasons, they don't have to hold for 10years, some even can't hold than two years Max, once they see high price they will sell, should I scold such people? No I guess, because everyone deserves to be happy with or without Bitcoin.

This person that OP is using as an example must have a better life already, if you are holding something that you know its worth for years to come and life is showing you what life is all about you won't see any reasons not to allow your BTC to come to the rescue.

My main point here on is we should all remember to breathe and live, not all Bitcoin whales are even alive today to enjoy their bag of Gold, if Bitcoin can come to your rescue while you are still alive its better to use it, one minute you are here and the next you are no more, having a better life is why we choose to strive using Bitcoin, don't let it be more than this.

[red4slash]

A Bitcoin investor never loses in the long run. Even some investors who are exposed to short-term losses due to volatility or for the bearish markets can still benefit if they hold Bitcoin for the long term. There are many investors who think that the current price of Bitcoin is too high for them to buy. Because as time has passed since the discovery of Bitcoin, the value of Bitcoin has also increased. If we look closely at the price of Bitcoin from 2009 to 2024, we will see that those who hold Bitcoin do not lose. This trend will continue in future. There are many who will not be able to avail this opportunity.

The fact is that as long as we hold firm in terms of stance when in bitcoin, those who invest for the long term will never be harmed when the way they do everything is in accordance with the concept that was held from the beginning.

Many of us fail when in bitcoin because they are too busy and focus on the price of value which in the end panic always occurs when bitcoin is in correction or decline due to several reasons. Whereas when we stick to the initial belief that we are doing this for the long term there is actually nothing to worry about from the decline that occurs because it is normal. It's just that when our focus is diverted to the price that is precisely what makes us less sure about what we are doing and considers that the scheme that is done is a mistake that makes you sell when the conditions are not favourable to do .

[CryptoHeadlineNews]

Every speculation has 50% chance of being actualized, and likewise 50% chance to not, which is why we shouldn't doubt if any speculation is made, most especially about digital currencies like Bitcoin, because the same way people in 2010 would never have believed Bitcoin will rise to $1000 per Bitcoin, and when it crossed, so where people also doubting Bitcoin wouldn't crossed $10,000, and it did, likewise Bitcoin at $50,000 and above. Hence, there is a high possibility of people crossing $200,000 bench mark in next 15yrs.

And that's what the part wherein we should be long term holders isn't it? As Bitcoin's past history tells us that it has a high chance to increased and see the price at least at this bull run to be around $100k in 2025 and probably this is what the OP meant about the power of HODLing. Although I believed that there could only be few individuals who has that mental power to hold for a long time and not sell every cycle. I'm talking about every 4 year cycle

Yes, that's true, and another factor that can contribute for one holding his or her Bitcoin for a long term, is when such individual has an alternative source of income, because there is no individual who for the fact that wants to hold his coin for long term, will wants to stay hungry, of which that would have only been possible if he had an extra source of income. Hence, it's very good for a Bitcoin enthusiast to have an extra source of income, while he strive to invest a certain amount of money he may not be in need for over a long period of time, probably 4yrs and above.

[jaberwock]

The best way to overcome this anxiety is to have a plan. For instance,  a person who wants to invest in bitcoin as a retirement plan will definitely be willing to invest for years without that urge to withdraw and start spending the money. The plan could be to invest for 2, 3, 4 years and above as the case may be because there is a goal to achieve. The investment decisions will never be thesame with someone without any set plan who just wants to to hodl till the value appreciates a bit and they withdraw immediately. You see this kind of people constantly checking the price of bitcoin because they don't want to be taken unawares.

Whether a person intends to invest for short term or long-term, a good investment plan should be able to help them remain focused on the goal or target they intend to reach. It is only an unserious investor that will invest without a plan and regret when others are making it big.

Yeah, if you have a set plan and you just follow it, then you do not have to worry about what's going on, you just need to do what you are willing to do and if you can make that work then there won't be a reason to be worried about it. I understand that people may sometimes feel like it's something bigger but in reality it is not that big and we can just keep on holding with a plan, with a goal.

If we can do that then when the market moves, up or down, then we won't care about it because we would be focused on our situation and nothing more, if we can make that work then I am going to see this changing all the way differently and that is why I believe that we are going to see this growing to be something much bigger in the end. I feel like we are going to see this changing that would make it better, hence we should be considering how this could be some different thing then what we are seeing right now and we could totally make some money from it.

[red4slash]

That's right. Holding crypto is easy to say but when it comes to doing it is very difficult because there will be a lot of emotional pressure, fear and many other things that will continue to be on our minds, especially if we monitor the price all the time, of course it will affect our psychology in investing.

Because when we are in bitcoin actually selling and buying is a convenience but maintaining is another situation because we must have a much stronger determination therefore many people are in bitcoin but not everyone can get the results of what they expect in bitcoin because of a lack of mentality and confidence so that they cannot maintain properly the assets they have.

Actually hodl will look easy when we only theorize but it will be much more difficult when we practice it because sometimes there are always some things that make us indecisive from the situations we receive such as the desire to sell when it is profitable or panic when the market goes down.
Things like this can happen but when we are confident and make it our process in investing then I think it will still go well.

[Wakate]

Every speculation has 50% chance of being actualized, and likewise 50% chance to not, which is why we shouldn't doubt if any speculation is made, most especially about digital currencies like Bitcoin, because the same way people in 2010 would never have believed Bitcoin will rise to $1000 per Bitcoin, and when it crossed, so where people also doubting Bitcoin wouldn't crossed $10,000, and it did, likewise Bitcoin at $50,000 and above. Hence, there is a high possibility of people crossing $200,000 bench mark in next 15yrs.

And that's what the part wherein we should be long term holders isn't it? As Bitcoin's past history tells us that it has a high chance to increased and see the price at least at this bull run to be around $100k in 2025 and probably this is what the OP meant about the power of HODLing. Although I believed that there could only be few individuals who has that mental power to hold for a long time and not sell every cycle. I'm talking about every 4 year cycle

Yes, that's true, and another factor that can contribute for one holding his or her Bitcoin for a long term, is when such individual has an alternative source of income, because there is no individual who for the fact that wants to hold his coin for long term, will wants to stay hungry, of which that would have only been possible if he had an extra source of income. Hence, it's very good for a Bitcoin enthusiast to have an extra source of income, while he strive to invest a certain amount of money he may not be in need for over a long period of time, probably 4yrs and above.

Long term holding can be very profitable for people that have large holdings with the intention of keeping their portfolio for as long as possible. Investors that don't have the financial strengths to buy large number of Bitcoin are the ones that are faced with the challenges of selling once the price of Bitcoin shoot a little. Their are huge profits in buying large holdings and keeping them for a long time. Since we have different types of investors in the market, the whales are only interested in holding for years while non whales can decide to buy and sell with in the intervals of months or weeks.

[syedakhlaque]

It is true that bitcoin has a great potential in it. It has the ability to change your circumstances. It can Change the entire structure of your life. And it has happened in the past. People who have hold the Bitcoin in the past , Today they are millionaire and their style of living and life has been changed. They are doing good business today in crypto market.
Altcoin are the sub coin or children of bitcoin.some people purchase them for business purpose, stalk them and sell them as their price rise and touch the peak .These people also earn well through stalking. So their are different ways of earning and the person who is in this business know all these techniques.