Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Economics
Re: Wonder how many people can hold BTC for more than 3 years
by
Baofeng
on 12/04/2018, 20:03:56 UTC
Quote from: South Park on April 11, 2018, 04:36:10 PM
Quote from: maichimoto on April 08, 2018, 10:37:59 AM
Quote from: windsee on October 29, 2017, 10:44:34 AM
BTC was around $300 3 years ago.

Wonder how many people can hold BTC for more than 3 years and enjoy the amazing profit in this period Smiley

exactly my point. Well I'm in for this, not with Btc but mainly with other tokens. Short term fud doesn't affect me at all. If all people were like that, the price would have been now at least $40k Smiley
It will be nice that everyone in the market had the same strong confidence that many holders have but you need to understand that our goals are different and that is why our behaviors are different as well, as a long term holder of bitcoin for the long term even if bitcoin were to reach my target goal I probably will not sell at all I will keep some just in case it goes even higher than that, but for a short term trader obtaining 1% to 2% per trade is good enough so losing money in a crash is not really an option for them.

Exactly, and I'm sure that last December alone, there are a lot of huge bag holders who have decided to offload some of their stash because the price is really that high and probably most of them became millionaires by selling some of their bitcoins.

But to hold in for 3 years though is mentally tough, maybe others just put enough bitcoins for long term hold in their hard wallets and put it somewhere or hide it so and will just revisited their investment when bitcoin again hits all-time-high and take some profits once again.