Challenges many investors face as long term holder

[George Edward]

Well, most people here on this forum, which is the original bitcoin forum, dated back to the beginning are all holders. A lot of them have long term goals, some bought bitcoins back in the days and till date still not touched even a dime. I don't think it was that easy considering the challenges that exist as an investor in crypto.

Many of these challenges which includes, choosing the right storage, avoiding getting scared of when the market dips "FUD" and for a very long time, refuse to continue it's bullish direction, scams and now things like kidnapping of crypto investors is becoming rampant.The  Bitcoin og's understood that true wealth in bitcoin often comes from patience. While many altcoins offer fleeting pumps, Bitcoin has consistently shown its longterm value and resilience. It's a testament to the idea that slow and steady often wins the race in the world of bitcoin investment.
 With thousands of altcoins promising huge, fast gains, it's easy for new investors to get sidetracked from a longterm strategy. These quick gains, often lead to significant losses, making it hard to stick with more stable, long term investments like Bitcoin.

 It really makes me wonder, with so many new quick gain cryptocurrency, can today's investors develop the same strong resolve as the early Bitcoin OGs? I doubt that. But they should know that bitcoin is the future currency, and we see how many countries are now accepting bitcoin. For long even the government disliked the idea of decentralisation, but I guess they have shifted their mind set today and want to embrace it.

[DubemIfedigbo001]

It really makes me wonder, with so many new quick gain cryptocurrency, can today's investors develop the same strong resolve as the early Bitcoin OGs? I doubt that. But they should know that bitcoin is the future currency, and we see how many countries are now accepting bitcoin. For long even the government disliked the idea of decentralisation, but I guess they have shifted their mind set today and want to embrace it.

It's their choice, they can either choose to gamble away their funds in worthless shitcoins that can be rugged anytime and their funds would sink or remain dedicated to their accumulation of bitcoin.

In my case, I'm once bitten, twice shy. Having made mistakes with bitcoin earlier in life and being victim of rugged shitcoins, I found no better peace until my decision to accumulate and hold bitcoin. Bitcoin is more valuable than any distraction of a shitcoin and its foundation and potentials are noteworthy. There are people who still hold and have decided to continue holding, even new investors who are currently accumulating and holding. These are the ones who have made the most important decisions both for the present and for their future financially.

Not only government, but most big enterprises have also come to identify with the potentials of bitcoin and are enlarging their portfolio on a steady.

[Merit.s]

I feel that you are wrong about these new bitcoin adopters unable to hodli their coins like the early bitcoin investor because the people who are adopting bitcoin are seeing it as a long term asset which can give them good profits overtime. Bitcoin is seen more like an investment and not a currency because it has proven to be a store of value overtime. The market comprises of traders and holders who always keep the market going. Therefore, we must have short-term investors and long-term investors.

[Joy- maker]

can today's investors develop the same strong resolve as the early Bitcoin OGs? I doubt that.

@George Edward the answer to your question is YES, today  investors can develop the same strong resolve as the early Bitcoin OGs, so you don't have to doubt. the investors of now can still strongly stay committed to their bitcoin investment and overcome challenges and still achieve their goals in bitcoin like the old OGs, because we are all sticking to what the old OGs has spoken so far about bitcoin, why because they have gained knowledge and insights through experience, and we have also witness testimonies from people on how bitcoin made them rich today and we have also see bitcoin creating new ATH's.

[BitHodlers]

can today's investors develop the same strong resolve as the early Bitcoin OGs? I doubt that.

@George Edward the answer to your question is YES, so you don't have to doubt. the investors of now can still strongly stay committed to their bitcoin investment and overcome challenges and still achieve their goals in bitcoin like the old OGs, because we are all sticking to what the old OGs has spoken so far about bitcoin, why because they have gained knowledge and insights through experience, and we have also witness testimonies from people on how bitcoin made them rich today and we have also see bitcoin creating new ATH's.

You are most mistaken. If the question is whether new investors can develop strong resolve relating to Bitcoin, then sure a minority of newcomers become committed holders. The number of people who HODL continues to grow with each cycle. If we are talking about overall people in crypto, the answer is a strong no. There are individual exceptions, but the overall trend is negative. Do you not see what is happening in altcoin land? Most people are split into 2 groups, bagholders who refuse to admit that they have made a mistake and their portfolio is dying along with the blockchain or token that they are invested in. The other group consists of people who have very little commitment and are jumping from narrative to narrative. The difference within this group lies only in the type of investment vehicle that they have chosen. For example, those that invest in layer 1 blockchains tend to require more time to switch to another compared to those that invested in meme tokens.

[Joy- maker]

can today's investors develop the same strong resolve as the early Bitcoin OGs? I doubt that.

@George Edward the answer to your question is YES, so you don't have to doubt. the investors of now can still strongly stay committed to their bitcoin investment and overcome challenges and still achieve their goals in bitcoin like the old OGs, because we are all sticking to what the old OGs has spoken so far about bitcoin, why because they have gained knowledge and insights through experience, and we have also witness testimonies from people on how bitcoin made them rich today and we have also see bitcoin creating new ATH's.

You are most mistaken. If the question is whether new investors can develop strong resolve relating to Bitcoin, then sure a minority of newcomers become committed holders. The number of people who HODL continues to grow with each cycle. If we are talking about overall people in crypto, the answer is a strong no. There are individual exceptions, but the overall trend is negative. Do you not see what is happening in altcoin land? Most people are split into 2 groups, bagholders who refuse to admit that they have made a mistake and their portfolio is dying along with the blockchain or token that they are invested in. The other group consists of people who have very little commitment and are jumping from narrative to narrative. The difference within this group lies only in the type of investment vehicle that they have chosen. For example, those that invest in layer 1 blockchains tend to require more time to switch to another compared to those that invested in meme tokens.

I think I missed the part you quote me that am mistaken, the truth is am not mistaken that part you felt am mistaken, I thought I have added that part already, because when I was writing my phone refreshed, so thanks for the observation the mistake has been corrected.

[Z390]

With thousands of altcoins promising huge, fast gains, it's easy for new investors to get sidetracked from a longterm strategy.

These quick gains, often lead to significant losses, making it hard to stick with more stable, long term investments like Bitcoin.

Altcoins we're never meant to be hold for long term.

How is making it hard to stick with more stable long term investment like Bitcoin a problem because a investor believed too much on high risk assets like altcoins?
You got me there because it sound confusing, if newbies lost a lot of money investing in altcoins it means one thing only.

Bitcoin is the most reliable digital asset in the world, they should learn to accept Bitcoin the way it is as the safest out there.
It's a delusional mindset that Bitcoin is too costly. Like most newbies thinks, many have been thinking the same way since $1,500 per Bitcoin.

[Obim34]

I feel that you are wrong about these new bitcoin adopters unable to hodli their coins like the early bitcoin investor because the people who are adopting bitcoin are seeing it as a long term asset which can give them good profits overtime. Bitcoin is seen more like an investment and not a currency because it has proven to be a store of value overtime. The market comprises of traders and holders who always keep the market going. Therefore, we must have short-term investors and long-term investors.

Back then it was all about pushing Bitcoin to be currency, what we see in recent adoption is Bitcoin identifying as an investment. Not too many OGs are still holding their Bitcoin from years ago, talking about holding with the recent knowledge the whales and investors today are more concerned for long term investment, including governments who are getting closer to making Bitcoin reserves all make arrangements for holding long term.

[BitHodlers]

Altcoins we're never meant to be hold for long term.

How is making it hard to stick with more stable long term investment like Bitcoin a problem because a investor believed too much on high risk assets like altcoins?
You got me there because it sound confusing, if newbies lost a lot of money investing in altcoins it means one thing only.

Bitcoin is the most reliable digital asset in the world, they should learn to accept Bitcoin the way it is as the safest out there.
It's a delusional mindset that Bitcoin is too costly. Like most newbies thinks, many have been thinking the same way since $1,500 per Bitcoin.

The thing is, we are not debating here what is Bitcoin and how much better it is compared to altcoin. We want to discuss what this is going to have as an impact on people. People who get burned on all kinds of scams in altcoin land are likely to leave crypto altogether. Do you really think that the average person is aware just how different Bitcoin is compared to altcoins? No, of course not. The scams that are allowed to exist are hurting the whole industry and they have been slowing down adoption a lot. Countless people have been burned in the last cycle, and they are not coming back anytime soon. As you can see, Bitcoin is at ATH while retail sentiment is very low.

[Jewan420]

In the beginning, no one considered Bitcoin as an investment asset and they did not intend to hold it. Rather, the main purpose of the OGs buying Bitcoin in the early days was a decentralized transaction system. The main purpose of creating Bitcoin by Satoshi Nakamoto was also a decentralized financial system. But in recent times, we have turned Bitcoin into an investment asset. I think the educated investors of recent times can develop a stronger determination than the OGs. Because back then they did not use it for holding.

[Su-asa]

Currently the new investors are developing a better mindset about Bitcoin investment, like the story of Laszlo Hanyecz that used his Bitcoin to purchase pizza that him and his child ate, this is because Laszla did not have a solid knowledge of Bitcoin investment and he do know have trust in the investment process that's why he used ten thousand Bitcoin to purchase pizza, despites the rate Bitcoin was during that time, if he had a good knowledge of Bitcoin he wouldn't have sold it, he would have spend just little and not that huge figure. But today, because of how Bitcoin is valuable, no body will ever try making such mistakes, the only stories you might hear is how scammer scammed an investor or how someone sent his Bitcoin to a wrong address. Am just emphasizing in the fact that nowadays investment have more knowledge than the older ones. If not Michael Saylor and some other unknown investors wouldn't have continue buying Bitcoin.

[KingsDen]

...It really makes me wonder, with so many new quick gain cryptocurrency, can today's investors develop the same strong resolve as the early Bitcoin OGs? I doubt that. But they should know that bitcoin is the future currency, and we see how many countries are now accepting bitcoin. For long even the government disliked the idea of decentralisation, but I guess they have shifted their mind set today and want to embrace it.

No!
Today's investors cannot develop same strong resolve as early bitcoin OGs for some reasons;
The early adopters didn't buy bitcoin with huge amount of money. A few hundreds maybe. But today, you have to hodl in thousands to be sure if great returns. Someone who invested $100 could forget it forever, but this cannot be said about someone who invested $100k.

So there is a paradigm shift and it's between different generations of crypto. So, I do not expect so many people to hold more than two circles.

[Nwada001]

But they should know that bitcoin is the future currency, and we see how many countries are now accepting bitcoin. For long even the government disliked the idea of decentralisation, but I guess they have shifted their mind set today and want to embrace it.

Bitcoin is the future; we are already in that future, Governments don't like decentralisation and privacy, and still they don't like it even till now. You might see governments buying and accumulating bitcoin, but that does not mean that they embrace it for its decentralised features but because of the financial gain they want from the market; they have seen how profitable it is to hold bitcoin for the long term, and they also want to benefit from it.

[EL MOHA]

No!
Today's investors cannot develop same strong resolve as early bitcoin OGs for some reasons;
The early adopters didn't buy bitcoin with huge amount of money. A few hundreds maybe. But today, you have to hodl in thousands to be sure if great returns. Someone who invested $100 could forget it forever, but this cannot be said about someone who invested $100k.

So there is a paradigm shift and it's between different generations of crypto. So, I do not expect so many people to hold more than two circles.

Part of the reason why today’s investors cannot also develop the strong resolve like the early adopters is simply because majority of them came with the mindset or narrative that bitcoin or cryptocurrency at large is a get rich quick scheme and that they can make it with some years of holding, this is practically why you see bitcoin dipping from little news that shouldn’t be making them even shiver because the mindset was wrong right from the start.

The early adopters were people that actually believed in the project and weren’t all about the profits it will come up with that’s why most of them are even the main propagators of using bitcoin as payment option uptil now, so the early adopters resolve will hardly be matched by this new adopters because the mindset isn’t the same

[Zigabel]

It really makes me wonder, with so many new quick gain cryptocurrency, can today's investors develop the same strong resolve as the early Bitcoin OGs? I doubt that. But they should know that bitcoin is the future currency, and we see how many countries are now accepting bitcoin. For long even the government disliked the idea of decentralisation, but I guess they have shifted their mind set today and want to embrace it.

Not liking the idea of decentralisation sounds like one aimed at helping them achieving their selfish interest on cryptocurrency. Decentralisation is and has been the best tool crypto has used to gain the heights its gotten since it's inception. These quick scheme currencies are obviously not actually coins but tokens with which some persons are using to promote projects and probably to facilitate an idea or building a community,  actual coins has got a way for which they organically grow their values.

Those taken are just there for toe who wants to get it quickly and double up their capital or flip their account to bigger balances of which is very risky and volatile and not one which we should consider as they are not often in the interests of the people who get to purchase them but to profit a few and the pioneer of the project.

[GreatArkansas]

It really makes me wonder, with so many new quick gain cryptocurrency, can today's investors develop the same strong resolve as the early Bitcoin OGs? I doubt that. But they should know that bitcoin is the future currency, and we see how many countries are now accepting bitcoin. For long even the government disliked the idea of decentralisation, but I guess they have shifted their mind set today and want to embrace it.

Not liking the idea of decentralisation sounds like one aimed at helping them achieving their selfish interest on cryptocurrency. Decentralisation is and has been the best tool crypto has used to gain the heights its gotten since it's inception. These quick scheme currencies are obviously not actually coins but tokens with which some persons are using to promote projects and probably to facilitate an idea or building a community,  actual coins has got a way for which they organically grow their values.
(....)

I agree that true decentralization is what made crypto or Bitcoin itself strong and trusted from the start. Many of these fast profit tokens are just risky projects or hype that help only a few people get rich.
Real coins grow in value over time and are better for the whole crypto community, that's why recently, I just hold only Bitcoin.

[Luzin]

I agree that true decentralization is what made crypto or Bitcoin itself strong and trusted from the start. Many of these fast profit tokens are just risky projects or hype that help only a few people get rich.

But the current progress of the crypto industry is being utilized to create temporary hype. Irresponsible developers are creating tokens for one-off profits. But for those who are responsible they will continue to develop improvements and innovate so as to make their products last long term.

Real coins grow in value over time and are better for the whole crypto community, that's why recently, I just hold only Bitcoin.

It's been proven that Bitcoin thrives on trust, not temporary hype. More and more new users believe in Bitcoin. So if you are currently holding Bitcoin I think it's good. But the condition of holding it requires good emotional management, you must learn when we hold and when we will release.

[Smack That Ace]

Currently the new investors are developing a better mindset about Bitcoin investment, like the story of Laszlo Hanyecz that used his Bitcoin to purchase pizza that him and his child ate, this is because Laszla did not have a solid knowledge of Bitcoin investment and he do know have trust in the investment process that's why he used ten thousand Bitcoin to purchase pizza, despites the rate Bitcoin was during that time, if he had a good knowledge of Bitcoin he wouldn't have sold it, he would have spend just little and not that huge figure.

Laszlo Hanyecz is a programmer and made important contributions to the bitcoin ecosystem in the early days, when no one believed in the existence of bitcoin. He spent 10kBTC to buy 2 pizzas at that time to prove to the world that bitcoin is a real currency, not because he doesn't have faith in bitcoin. It could be said that at that stage, people were just trying to promote bitcoin as a currency, which is what it was originally intended to be. So just because they spend or sell bitcoin doesn't mean they are ignorant or don't trust it.

I bet if you or any of us knew about bitcoin at that time, you would have called it a scam, bullshit, let alone believed in it. Not to mention, the future is unpredictable so don't criticize or laugh at people who spent bitcoin at that time. Especially Laszlo because without him we might not be here today.

Let's appreciate what he and the early investors sacrificed to bring bitcoin to the success it is today.

[X-ray]

It really makes me wonder, with so many new quick gain cryptocurrency, can today's investors develop the same strong resolve as the early Bitcoin OGs? I doubt that. But they should know that bitcoin is the future currency, and we see how many countries are now accepting bitcoin. For long even the government disliked the idea of decentralisation, but I guess they have shifted their mind set today and want to embrace it.

I think we're still pretty early with bitcoin although the price might reflect otherwise but the fact that there's still low amount of adoption across the masses is an obvious sign that bitcoin still have a big potential.

New holders can be as faithful as the OG as long as they understand the long term vision.

If what they want just to profit from cyclical pump then they definitely aren't gonna be as faithful as the OG but I've seen plenty of new bitcoin hodlers that quite bullish about it going as far as hoping it will reach 1 million per bitcoin.

[notocactus]

Well, most people here on this forum, which is the original bitcoin forum

This forum is not an original forum. See
Bitcointalk's important historic changes.
Originally it is at http://bitcoin.sourceforge.net/boards/index.php

dated back to the beginning are all holders.

Not all beginners are holders, exited when they were not holders or they have never had plans of becoming holders.

A lot of them have long term goals, some bought bitcoins back in the days and till date still not touched even a dime. I don't think it was that easy considering the challenges that exist as an investor in crypto.

Nothing is easy in life including holding job of Bitcoin holders. It is only easy when we look back historical and see anything on paper, in theory with many assumptions to succeed while in practice, many things are uncontrollable and become no longer easy.

Many of these challenges which includes, choosing the right storage, avoiding getting scared of when the market dips "FUD" and for a very long time, refuse to continue it's bullish direction, scams and now things like kidnapping of crypto investors is becoming rampant.The  Bitcoin og's understood that true wealth in bitcoin often comes from patience. While many altcoins offer fleeting pumps, Bitcoin has consistently shown its longterm value and resilience.

They knew of The bullish case for Bitcoin  and actually absorb lessons in it.