One of those successful cases of bitcoin hodling was a friend of a friend. They (a couple) took an important risk by investing 60k of a dismissal compensation into bitcoin and making a x100 on it before selling half. I do not know what they did with the rest. Now, these people were not rich, they took an enormous risk compared to their total wealth. They had to really believe on the project and pass though some of bitcoins usual "tests of faith".
For someone with let´s say, a net worth of 1M USD or more plus house, hodling 60k until they became 6M would have been not that much of an stress. Do you think it was easier to benefit economically from bitcoin if you were already a bit up in the ladder?
I like this question.
The answer is yes.
Let us pretend a 64 year girl has 1 btc in a wallet. Put it in when coins were 32k.
Lets say she mines and is clearing 3k a month....... sells 2k holds 1 k
Lets say she has a small pension 2k a month
Lets say her wife has a good pension 4k a month. Thats right she has a wife.
Lets say they have "safe" 401k and IRA worth 350K.
Lets say 0 debt
Lets say all gear mining is worth 100k
Lets say a fixed up home in a low crime area fully paid for is worth 425K
How easy is it for her to hodl that 1 btc until she turns 70?
really fucking easy.
And why is that?
ratio of at risk is 32k/37k
upside is 250k or more.
ratio of safe is over 800k in 2027
In 2027 BTC is way up close to the same or ways down so 10,000 vs 37,000 vs 250,000+
IRA + 401K = 375k with shit interest
Home = 500K
Yes inflation may eat at the 401k+IRA
And home price rise may not do well against inflation
but at risk ratio of 37.5/750 is 20 to 1 Very easy to hodl
Not is those lucky lesbians have 40 btc right now with the same "safe" money holding is harder
since at risk is 40 x 37.5= 1,500,000 to 750,000
I would argue it is the high risk to low risk and you age that determines your hodl ability.