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Author Topic: Just HODL  (Read 18612 times)

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Just HODL
« on: December 19, 2023, 01:45:57 AM »
10 years since the soundest strategy in crypto was announced !!
Just HODL
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Just HODL
« on: December 19, 2023, 01:45:57 AM »

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Re: Just HODL
« Reply #1 on: December 19, 2023, 02:17:51 AM »
If only Greg Schoen was brave enough to wait and build a golden hand to hodl a little long he would have been the one of the richest Bitcoin Hodler on earth.

It took more than 5 years for the early adopter to make profit so if you're considering HODLing I advise anyone to hodl it for at least 5 years long.

We're 2nd generation Bitcoin adopters, so we're still early. Hodl some Bitcoin like your life depends on it.  :D

Happy 10th anniversary


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Re: Just HODL
« Reply #2 on: December 19, 2023, 04:11:49 AM »
If only Greg Schoen was brave enough to wait and build a golden hand to hodl a little long he would have been the one of the richest Bitcoin Hodler on earth.

It took more than 5 years for the early adopter to make profit so if you're considering HODLing I advise anyone to hodl it for at least 5 years long.

We're 2nd generation Bitcoin adopters, so we're still early. Hodl some Bitcoin like your life depends on it.  :D

Happy 10th anniversary




wow! 1700 btc is a big amount at the current price of Bitcoin. Even though he would have kept at least 500 btc in the amount of Bitcoin and then the 500 btc, imagine if he sells it now for 42 000 dollars. One bitcoin is still a lot of money.

It's just that he sold everything for 0.3$; maybe that person regrets a lot, or maybe he's still stressed. It's possible because maybe he can't fully imagine that Bitcoin will reach the price it has now, and then it has the potential to be 100k$ per Bitcoin when the bull run arrives.
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Re: Just HODL
« Reply #3 on: December 19, 2023, 05:58:03 AM »
10 years since the soundest strategy in crypto was announced !!
Just HODL
Yep. It is already 10 years since the term of HODL is introduced for the first time.
Now, HODL is very popular word among the Bitcoiners. We even prefer to say HODL dan HOLD.  :)
For me, HODL is a part of important things in Bitcoin investment. It is like something that can bring spirit to continue keeping our Bitcoin assets.

If only Greg Schoen was brave enough to wait and build a golden hand to hodl a little long he would have been the one of the richest Bitcoin Hodler on earth.
Greg Schoen isn't the only person who regrets because he doesn't have strong mentality to HODL his Bitcoin investment. There are too many Bitcoiners who failed to get potential big profits with Bitcoin investment in the future because they don't really believe in Bitcoin. This is a big lesson for every Bitcoiner to feel optimistic about our Bitcoin investment. We don't waste the time to buy Bitcoin at cheap price and keep hodling it for a long time. The price always increases from one bullrun to another bullrun season.

Well, happy HODL day everyone!!  :D


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Re: Just HODL
« Reply #4 on: December 19, 2023, 07:58:30 AM »
When ever I listen this word HODL. My mind always set itself to one word that is Bitcoin.

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Re: Just HODL
« Reply #5 on: December 19, 2023, 11:47:29 AM »
Damn nothing  like hodl just imagine keep 1700 BTC at Bitcoin current price that's alot of profit if you where patient enough just imagine the number of people that have used this word "had I known" with too much regret. Like trading even though you patient with no skills there's still high chances you lose everything. Though still got its risk but if you're patient enough expecially in Btc investment you are already ensure to make great profits irrespective to the funds invested.
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Re: Just HODL
« Reply #6 on: December 19, 2023, 01:47:50 PM »
I fear that the day will come when 1 Bitcoin will be a large amount and not many people will be able to buy it, something between $300,000 and $600,000.
The first time I heard about Bitcoin, the price had risen to $2,000, and I thought that time had passed and that the price was very high.

SO Just HODL
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Re: Just HODL
« Reply #6 on: December 19, 2023, 01:47:50 PM »


Offline Igebotz

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Re: Just HODL
« Reply #7 on: December 20, 2023, 01:43:24 AM »
It's just that he sold everything for 0.3$; maybe that person regrets a lot, or maybe he's still stressed. It's possible because maybe he can't fully imagine that Bitcoin will reach the price it has now, and then it has the potential to be 100k$ per Bitcoin when the bull run arrives.

Buying at $0.06 and selling at $0.3 is still a huge profit, those who became early Bitcoin billionaires were mostly those who lost access to their coins and later found it when the price was already up.

I fear that the day will come when 1 Bitcoin will be a large amount and not many people will be able to buy it, something between $300,000 and $600,000.
The first time I heard about Bitcoin, the price had risen to $2,000, and I thought that time had passed and that the price was very high.

SO Just HODL

Basic economics; Scarcity increase price.
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Re: Just HODL
« Reply #8 on: December 20, 2023, 10:22:29 PM »
If only Greg Schoen was brave enough to wait and build a golden hand to hodl a little long he would have been the one of the richest Bitcoin Hodler on earth.

It took more than 5 years for the early adopter to make profit so if you're considering HODLing I advise anyone to hodl it for at least 5 years long.

We're 2nd generation Bitcoin adopters, so we're still early. Hodl some Bitcoin like your life depends on it.  :D

Happy 10th anniversary




this guy would never have held
this guy is regretting the 30c sell because he wanted to sell at 8$
thus imagine how many times this guy would have already sold
not saying it's bad to take profits, but hodl a bit as well.
At your service.

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Re: Just HODL
« Reply #9 on: December 21, 2023, 01:53:31 AM »
There will be a time when I have 1 BTC and say I'm going to HODL for 10 years.
The word HODL is still very inspiring in the bitcoin circle, we will never forget what we have bought at the base price so keep accumulating bitcoins and then HODL for a long time.

this guy would never have held
this guy is regretting the 30c sell because he wanted to sell at 8$
thus imagine how many times this guy would have already sold
not saying it's bad to take profits, but hodl a bit as well.
He probably never thought that bitcoin reached the highest in the next 5-7 years instead with the price rising to $0.3 was a profit at that time so he sold and enjoyed the results.

Maybe he sold all at once, we never know but the tweet indicates that HODL in bitcoin is very important for the future.
Many people sold in the past, they started off thinking bitcoin was garbage, but now it is changing the world economy.

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Re: Just HODL
« Reply #10 on: December 21, 2023, 06:26:13 AM »
In the case of Bitcoin, what is predicted is often reflected in reality. It may be a few days earlier or later. We have reported 10 million speculations about Bitcoin, maybe not possible now but when Bitcoin reaches $100000, Bitcoin will move in that direction.

Those who didn't invest when the Bitcoin price was in the $5000 in the past will understand the importance of holding Bitcoin and those who have Bitcoin but who gave up their Bitcoin for a small amount of money also understand the importance of holding. After all it is still possible to hold Bitcoin for those who are outside of these two categories of people. I think once Bitcoin reaches $100,000 then it will be beyond the purchasing power of the average people. General people will not have the ability to own a bitcoin at that time. Those who hold at this time will reap its benefits. There is no alternative of holding.

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Re: Just HODL
« Reply #11 on: December 21, 2023, 03:31:33 PM »
That is a legendary term.

Honestly, years ago when I read HODL, I thought it is a typo but then, I know it is not.

Coinmarketcap has its Glossary are and there is one article for HODL.

What is HODL? What does it mean? The origin of HODL.

HODL = Hold On Dear Life.

By the way, I would like to introduce a HODL chart that is helpful for any newbie who want to become a hodlder.
  • https://hodl.camp/
  • You can click on some icons at the top right corner to customize color of the chart.
  • The HODL line is 5 year and 1 month.

Quote
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.

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Re: Just HODL
« Reply #12 on: December 21, 2023, 05:30:09 PM »
Each person has a unique risk/return appetite, so they often make different Hold and Sell decisions. Similar to potential stocks of Amazon, Apple or Meta, Bitcoin has increased in price a lot in the past 10 years and made many investors regret it. The same thing may happen again in 10 years when we will think about the present moment.

I believe that this person's miss is an opportunity for others who are more deserving, or we have used our money for the most reasonable purposes at the time. Instead of buying 500 BTC, I also used $1K to buy a Sony Vaio laptop and it has been helping me in studying and working.

BTC is just an asset to use, let's have fun and move forward.
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Re: Just HODL
« Reply #13 on: December 21, 2023, 09:06:47 PM »
Each person has a unique risk/return appetite, so they often make different Hold and Sell decisions. Similar to potential stocks of Amazon, Apple or Meta, Bitcoin has increased in price a lot in the past 10 years and made many investors regret it. The same thing may happen again in 10 years when we will think about the present moment.

I believe that this person's miss is an opportunity for others who are more deserving, or we have used our money for the most reasonable purposes at the time. Instead of buying 500 BTC, I also used $1K to buy a Sony Vaio laptop and it has been helping me in studying and working.

BTC is just an asset to use, let's have fun and move forward.
As for the price of Bitcoin, it is not known where it will be after 10 years. People who bought and sold bitcoins 10 years ago are surely regretting how much more profit they would have made if they had held their bitcoins. So after exactly ten years it can happen to us too, but the opposite may also be the case that after 10 years the price of Bitcoin will not necessarily increase as much as it has in the last 10 years. This is the cryptocurrency market where anything can happen. The purpose of Bitcoin investment is not to invest all our capital in Bitcoin, but we should also spend it for the things we need.

 You did very well to buy a laptop, because we have to fulfill our daily needs as well. So we shouldn't get so obsessed with Bitcoin or investing that it disturbs our daily routine. Holding bitcoins is a good strategy but it is not meant to keep us even if we get good returns. We should always prioritize our profits, buying and selling them is part of the market.

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Re: Just HODL
« Reply #14 on: December 22, 2023, 07:44:12 AM »
When ever I listen this word HODL. My mind always set itself to one word that is Bitcoin.

If we are talking about long-term, yes, bitcoin is really suitable for holding, but there is a condition, and that is that you must hold at least 0.5 btc or more bitcoin. Because if not for that amount, I can't recommend investing in Bitcoin if you want to get rich from it.

However, if your only goal is to find out if it's true that you can make money with Bitcoin, it's possible no matter how much you hold it long-term. There's no problem because you're only looking for experience.
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MIX.NOW
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