All Bitcoin Legends have one thing in common: they held

[art3m1s_37]

They didn't trade,
They didn't sell just to buy back later,
They didn't follow the 4-year cycle,
Nothing.

Just HODL.

Simple as that. Replicate them.

[fikrett]

Who holds you from doing that anyway?

Each road is different from the other.

And you can't know for sure which one is the best, that's why you look at others and come up with your own ideas about the process.

I also hope this one post of yours is not taken from somewhere.

[Z-tight]

Laszlo Hanyecz is a legend in the BTC community, he didn't just hold. He spent 10,000 BTC on two boxes of pizza. Gavin Andresen, i believe you remember the name, he created a website, a BTC faucet that gave away BTC's to people. These two events and many others of people who spent or used their BTC's contributed immensely to the success of BTC. And it is part of the reason why you can even recommend that people should never sell their BTC today.

If you want to hold forever, that is fine. Your keys, your coins. But i don't like the idea of telling people what they should do with their own coins, even if i do not like what they do.

[xLays]

Laszlo Hanyecz is a legend in the BTC community, he didn't just hold. He spent 10,000 BTC on two boxes of pizza. Gavin Andresen, i believe you remember the name, he created a website, a BTC faucet that gave away BTC's to people. These two events and many others of people who spent or used their BTC's contributed immensely to the success of BTC. And it is part of the reason why you can even recommend that people should never sell their BTC today.

If you want to hold forever, that is fine. Your keys, your coins. But i don't like the idea of telling people what they should do with their own coins, even if i do not like what they do.

It looks like you misunderstood what OP was trying to say. OP isn’t talking about being legend like Laszlo or Gavin because this two didn't HOLD, they did trade.. OP’s point is different. OP is simply highlighting type of holder those who didn’t trade, didn’t sell and didn’t follow cycles as he said. They just HODLed and that strategy alone worked for them.

So OP telling to us what to do with their coins. But yeah what you’re explaining is valid, I get your point, but it’s not the same point OP was making. Right?

[Don Pedro Dinero]

Well, that happens with investments in general. In the end, the ones who earn the most are those who do not sell and hold onto their investment for a long time, provided that what they have bought is top quality, such as Bitcoin.

I remember hearing from a fund manager in the US that the most profitable accounts were those of people who had died and many years had passed before their heirs claimed them, basically because the investment had been left untouched. It's the magic of compound interest that starts to explode after two or three decades. And if we look at Buffett's net worth, the same thing happens. He made almost all of his fortune after the age of 50. He has become so rich because he has lived to a very old age and has not died.

[Rruchi man]

Just HODL.

Simple as that. Replicate them.

It is not exactly so simple. There are some challenges that some of them may have had while hodling. But those challenges, even though it pushed some of them into selling some or even using it to purchase something, they had the culture of investing and increasing the amount of bitcoins they already have, and that was more than what they have spent out of what they have. Even if you face some challenges while hodling, don't let it stop you from keep hodling.

Don't think the process of hodling is simple so that when you face challenges, you will not be surprised and possibly get discouraged because you did not expect challenges.

[hd49728]

They didn't trade,
They didn't sell just to buy back later,
They didn't follow the 4-year cycle,
Nothing.

Just HODL.

Simple as that. Replicate them.

There are Bitcoin ogs and legends who lost their bitcoins by personal reasons, and they regreted about their bitcoin losses which triggered them to become scammers.

Many Bitcointalk's donators or VIP members in this following list turned to scammers.
https://bitcointalk.org/donate.html

The Bitcointalk 50 BTC VIP club. Where are they now ? Complete list.

[YellowSwap]

They didn't trade,
They didn't sell just to buy back later,
They didn't follow the 4-year cycle,
Nothing.

Just HODL.

Simple as that. Replicate them.

There are Bitcoin ogs and legends who lost their bitcoins by personal reasons, and they regreted about their bitcoin losses which triggered them to become scammers.

Many Bitcointalk's donators or VIP members in this following list turned to scammers.
https://bitcointalk.org/donate.html

The Bitcointalk 50 BTC VIP club. Where are they now ? Complete list.

For real this is truly human, I know someone who is ready to dine with the devil all because he lost a fortune and he has been a good person for years, but like seriously why do good people easily feel that everything they do should always turn well for them?

There are rewards for everything we do, both good and bad but I believe these people have lost their way of thinking, no one promised them that doing good or been good have a special reward, bad things happen to good people too, they don't have to take it out on other good people.

I would have loved this if they choose to deal with Bitcoin and crypto scammer, would be great if they can scam the bad actors in crypto space, 😔😔.

[john_egbert]

Times are different now.

You can't just buy 1 BTC and sit with it.

You need to work hard to keep the accumulation going.

[mrust_mobile]

Laszlo Hanyecz is a legend in the BTC community, he didn't just hold. He spent 10,000 BTC on two boxes of pizza. Gavin Andresen, i believe you remember the name, he created a website, a BTC faucet that gave away BTC's to people. These two events and many others of people who spent or used their BTC's contributed immensely to the success of BTC. And it is part of the reason why you can even recommend that people should never sell their BTC today.

If you want to hold forever, that is fine. Your keys, your coins. But i don't like the idea of telling people what they should do with their own coins, even if i do not like what they do.

I think we need hodlers as much as we need weak hands. It is the only way to form a healthy ecosystem. Some people have to sell so there will be liquidity in the markets. Some people has to hodl so there will always be price floor for the asset.

We simply cannot afford to lose either of those.

The pizza guy did everyone a major favor by buying that pizza for thousands of btc. He showed people that btc is a legit currency which you can use to purchase stuff.

Someone else who hedl his coins for a decade showed us it is possible to get rich hodling if you are patient enough.

[Sammye3]

Just HODL.

Simple as that. Replicate them.

Holding is not always easy as you say, Bitcoin does not just shoot up without a reversal, there were times where they lost hope and didn't expect much from Bitcoin, that's human psychology for you and it's very normal. Those who sold had reasons for selling, they panicked, they lose faith in Bitcoin and felt betrayed, I would not blame anyone who sold because it's never easy believing in something that you don't have control over.

But legends are found in the making right? They take the risk of trusting blindly, some even forgot they had holdings on Bitcoin, some took it as a lost project but they are called legends of today. There are people who bought Bitcoin then due to influence from friends without really understanding what it's all about. Are they still regarded as legends? I believe every holder who later sold still deserves some accolades, it's not always easy believing in a project.

[FortuneFollower]

Laszlo Hanyecz is a legend in the BTC community, he didn't just hold. He spent 10,000 BTC on two boxes of pizza. Gavin Andresen, i believe you remember the name, he created a website, a BTC faucet that gave away BTC's to people. These two events and many others of people who spent or used their BTC's contributed immensely to the success of BTC. And it is part of the reason why you can even recommend that people should never sell their BTC today.

If you want to hold forever, that is fine. Your keys, your coins. But i don't like the idea of telling people what they should do with their own coins, even if i do not like what they do.

I think we need hodlers as much as we need weak hands. It is the only way to form a healthy ecosystem. Some people have to sell so there will be liquidity in the markets. Some people has to hodl so there will always be price floor for the asset.

We simply cannot afford to lose either of those.

The pizza guy did everyone a major favor by buying that pizza for thousands of btc. He showed people that btc is a legit currency which you can use to purchase stuff.

Someone else who hedl his coins for a decade showed us it is possible to get rich hodling if you are patient enough.

Agreed, golden words.

Healthy coin is the coin that is used, not only hoarded to get more of it in the future.

BTCs initial purpose is as follows, to use it as an alternative currency to fiat and traditional systems.

[Cryptomultiplier]

Just HODL.

Simple as that. Replicate them.

Holding is not always easy as you say, Bitcoin does not just shoot up without a reversal, there were times where they lost hope and didn't expect much from Bitcoin, that's human psychology for you and it's very normal. Those who sold had reasons for selling, they panicked, they lose faith in Bitcoin and felt betrayed, I would not blame anyone who sold because it's never easy believing in something that you don't have control over.

But legends are found in the making right? They take the risk of trusting blindly, some even forgot they had holdings on Bitcoin, some took it as a lost project but they are called legends of today. There are people who bought Bitcoin then due to influence from friends without really understanding what it's all about. Are they still regarded as legends? I believe every holder who later sold still deserves some accolades, it's not always easy believing in a project.

Hodling works best when an investor has a good source of income. It also works best if the investor is a disciplined spender, good visionary and understands the principles of budgeting so that in times of emergencies or want, they always have a ready fund in hand or in the physical bank that they can fall back on without even thinking of touching their Hodling investment.

[uchegod-21]

They didn't trade,
They didn't sell just to buy back later,
They didn't follow the 4-year cycle,
Nothing.

Just HODL.

Simple as that. Replicate them.

These guys gave us good examples to follow.  During their time, holdling unto a coin the world was not yet sure of was not an easy thing to do. These guys were disciplined; they ignored all the noise and ignored market cycles. They were just focused on hodling unto their investments because that was the only strategy they knew about.

It may seem easy but it is actually not. Hodling requires high level of discipline and consistency. I will not fail to add that anyone who does not have a job or a stable source of income may not be able to hodl. Discipline, consistency and self control will be possible if the hodler will not be relying on his bitcoin investment to pay his bills and every other financial need. More reason why if we are going to encourage anyone to hodl bitcoins, we should also encourage them to have a job.

[melinoe]

^ They had their beliefs and they stayed by them no matter who said what.

It applies not only to BTC, but to any coin - if you believe, and you can argue why you do it - you should.

[Cgrexp]

It is not enough to just hold it, of course, his investment should be within the income under consideration. Because if this limit is not met, he may have to break the investment to meet daily expenses in the future, which can cause losses in the long run. In reality, most people do not have any other source of investment except a fixed income. So the DCA strategy is safer for them. It gives them the opportunity to invest in Bitcoin regularly on a weekly or monthly basis according to their income, so that financial stability is maintained. Success in investment is mainly based on the person's mentality, risk-taking ability and financial situation. Therefore, maintaining investment stability and maintaining one's limits is very important.

[melinoe]

It is not enough to just hold it, of course, his investment should be within the income under consideration. Because if this limit is not met, he may have to break the investment to meet daily expenses in the future, which can cause losses in the long run. In reality, most people do not have any other source of investment except a fixed income. So the DCA strategy is safer for them. It gives them the opportunity to invest in Bitcoin regularly on a weekly or monthly basis according to their income, so that financial stability is maintained. Success in investment is mainly based on the person's mentality, risk-taking ability and financial situation. Therefore, maintaining investment stability and maintaining one's limits is very important.

We put what we can afford to lose basically into crypto and BTC alike, it's basic risk-management.. Without it, if there is an emergency, we will have to basically panic sell our BTC.

[sunsilk]

They didn't trade,
They didn't sell just to buy back later,
They didn't follow the 4-year cycle,
Nothing.

Just HODL.

Simple as that. Replicate them.

Everyone held and keep on HODLing. That's the real score of what the legends do. But it doesn't mean that none of them have sold.

Many have sold but they understood that they shouldn't sell everything all at once. They've got windows of when they're going to sell at different prices.

And the majority of them have something left for themselves to be held for a very long time like an entire retirement fund from holding bitcoin.

[Solosanz]

If I have a skill to trade or have more courage to flip my coins, I would trade or sell-buy my coins at some period of time because those way will help me to maximize my profit.

However since I didn't have one of them, I choose to hold my coins till now. But, if I bought Bitcoin when the price was just below $1K, I will choose hold instead. The profit I earn would be very much and I don't really need to risk too much to grow my wealth, that's why the OGs choose to HODL.

[Agbe]

Not all investors Op if they are trading you won't know. But they don't mixed the two at anytime. They don't use the investment funds in trading side . They use extra funds for trading and they continue investing and holding for a long time. But I will disagree on the part that they are not selling, nobody keeps their investment money there forever, they would be a Bull Market time that they would like to sell their coins and make good profit from it.