Post
Topic
Board Bitcoin Discussion
Re: The power of HODLing BTC
by
Hatchy
on 27/03/2024, 01:36:54 UTC
Woah. That is indeed crazy. Such a huge respect to whoever that person
for having the patience and trust in bitcoin. They have gained so much profits.
Makes me kind of jealous I was not yet aware of bitcoin at 2010 but hey, at least
now I am holding it and I intend to hold it for dear life Grin

It's not the first time I've seen a longterm holding address, nor is it the largest. It really takes a lot of courage to hold onto Bitcoin for a long time, and for those who've been around since the beginning, they're the true Bitcoin believers. Many people feel tempted to sell their Bitcoins when the price suddenly drops. That's why it's important for longterm holders to check the market less often. This helps prevent fear and the panic that often leads investors to sell in the short term.

Note:: remember to keep your coins safe too that's base on the preference of a non-custodial wallet or cold wallet if you are HODLing for long term
Certainly, holding onto your coins for a long time without fully securing them could result in losing them. As a Bitcoin user, ensuring the security of your funds should be your top priority since you have control over them, not a third party. Utilizing cold storage methods such as hardware wallets or airgapped devices is the most effective way to achieve this and safeguard your funds.