What about others?
...
well-known old users? Are they crazy rich living in their own castles or did they lost their coins,
still hoarding since 2012
im 'explorer rich' (funds calculated to fiat via explorer view of funds) analogy: 'rich on paper'
but not had the desire or reason yet to sell the whole hoard, so not yet ready to buy castles
i have took some out to cover a comfortable life, travel and leisure, but not really much in the scheme of things
that said i have had many many years without the burden of trying to kiss some managers ass for a wage, or having to charm some employer to pay me to do their dirty work. so bitcoin has offered me many freedoms to be myself and do what i wanna do, which to me has been worth more than the small allotments i has played with along the years
Am I correct in my understanding Sir, you started saving or holding Bitcoin since the year 2012 and until now you have not sold any of the bitcoins you hold? Because if none of your possessions have been sold, you are one of the millionaires today. Because in those years 2012, the value of Bitcoin was still very cheap, it is impossible to imagine how many bitcoins you held or bought at that time, which in fact if you sell it now, its value in dollar terms is terrible has bitcoin in the market at present.
Then maybe the early adopters of bitcoin, most of them were sold or they lived with their wallet balance until now. There are probably only a few people like you who have not sold a single bitcoin since you started doing it in 2012, you have been storing your Bitcoin for more than a decade. Have you been thinking about 20 years or 30 years, do you intend to store what you have before selling it in the market? how much is one bitcoin?
ive only sold a small percentage, mainly i was in 2012-16 day trading small percentages on different exchanges to increase my yield and occassionally taking fiat out on those day trade profits (small percentages of small percentages)
i have not sold my main hoard so i dont consider myself a millionaire. because i dont have my hands on actual millions of fiat. though value wise of bitcoin would suggest otherwise.
i dont live an extravagant life nor need to show off or act like an elitist or pompous richguy. yea i got the freedom to live and travel without a asshole manager/boss/employer. so i live a good life not a rich life, and im happy
..
looking deep at my mindset of the years.
i started off when btc was about $6
and when it leaped to over $100 and then $1200 in 2013 and then back down to $200-$400 in 2014. my mind transitioned to the thought that the price was above my initial acquisition costs so im not at a loss so no need to stress or worry or rush to sell. so i didnt sell on the $1.2k high.
i was planning for the 5-10 year involvement.
so i just thought of it as a retirement plan,
where no matter what i 'could' sell out and always make a profit, but i had no need to sell my hoard.
i have what i need go where i like and dont wanna waste any headaches on taxes and fiat crap just to hold it in fiat. so why sell out just for receive fiat headaches
then i just stopped looking at the total value/price of my hoard, because i always knew it was in profit so no need to keep checking on it daily. much like people dont check on their pension plan account balances daily
so i just put it aside and stopped worrying/caring/concerning myself with thinking about.
i just used a very small amount for entertainment play on exchanges day trading. and using profits of the small percentage to cover any real life desires.
in the years of 2014-16 i did lose few a coins to defunct exchanges(the usual "we been hacked see ya never" excuses of crappy exchanges) and some asics that become obsolete quick.. and looking back, yea i could have got upset about the value of those spend/lost coins at todays value. but then again those lost/spend coins were only a small % so its not a big deal in the grand scheme of things.
yep 60coins for a 2nd/3rd gen asic of only a few hundred ghash, would now seem like a huge waste in todays value. especially when network difficulty/hashrate was rising so high so fast the hash competition didnt return all ROI
but oh well .. its still a good foot stall and room heater even today.(i dont use it for that purpose. but i could)
i have never traded via emotion or hope/dream. i trade via logic. its seen me good when day trading to increase my yield over the years. and also cover real life stuff.
heck i have the hoard and dont need to increase it. yet even this year when the price calmed back down and corrected from the $70k bubble back down to reasonable cheap coin for this cycle/era. yep i threw in a few thousand in spare fiat to buy more coin for a medium term ROI when the next cycle spins up. because, why the hell not take the opportunity. buy low sell high. and again not need to touch the main hoard