Life is reality, not if, and no chance to travel to the past.

Many people only are fearful and regret later but they repeat it many times, and never join this market. They only can change themselves and if you already gave them advise, but they can not change themselves, you can not do anything more.

If they don't sell their bitcoins, they are not rich.

See the HODL wave and you can assume there are many whales from the past, either lost their bitcoin or still holding their bitcoins.
https://www.bitcoinmagazinepro.com/charts/hodl-waves/

I don't know bubble chart but I know rich list and some charts.
https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

Whale Shadows https://www.bitcoinmagazinepro.com/charts/whale-shadows/
Addresses with balance > 1000, 10000 BTC
https://www.bitcoinmagazinepro.com/charts/addresses-greater-than-1000-btc/
https://www.bitcoinmagazinepro.com/charts/addresses-greater-than-10000-btc/

First of all, if someone is willing to invest on Bitcoin the person should think long-term, except the person is thinking of going into trading which is a short-term goal and is very risky compared to buying and holding Bitcoin for long-term. However there are some poor people who seized the opportunity to buy Bitcoin at a particular entry and made good profits for instance someone who bought at $4k and the price went up to 17k and further got to $60k, that's a very good profit and what i expect from such person is to take some money from their profits and diversify into a good business, maybe daily paying or weekly paying business thereby giving him or her a capital to continue buying and holding Bitcoin using the DCA method. Automatically that person has solved the problem of poverty and even got a steady income to continue investing on Bitcoin. Concerning the question of the teacher, Michael Saylor is very rich but yet his company keeps buying Bitcoin, so I'll continue investing on Bitcoin regardless of how rich I got through investing on it when the price was lesser. Well I won't say all whales where rich before they bought Bitcoin because some whales got rich cause they invested when the price was much more lesser and got rich after years of holding and price pumped while some are rich people who had enough capital to invest and saw the potential of Bitcoin hence they invested on it.

It really depends on your financial status since 2020 till this very minute that we are talking about, and most importantly, the mindset you had back then in 2020 also determines if you would've still be holding or might have sold some/every thing along the line.


I don't think every adopter needs to be rich before he/she can hodl for a long period of time. Like I pointed out in my first reply above, your financial status along the line matters alot. If you have something doing, let's say a good source of income, that has been providing for your personal needs and even funds for your Bitcoin investment, then I don't think it's going to be hard to hodl, most especially if your mindset from day one is to hodl for long, and you actually stick to that mindset of yours by being disciplined with your decisions.


All still boils down to my financial status. If my job(source of income) is still very much intact, then I might still be holding, but if not, I might just sell. Surviving is more important.


Interesting question. But let me try to give a good answer from the current happenings in my country. You see, in my country, teachers are underpaid, so the salary difference between 2018 and 2024 isn't that massive, and inflation rate keeps increasing. So, seeing the constraints on ground, which is a problem to the financial status, I think I will definitely sell some, probably to start up a business or something.


It's not necessarily being rich. Just that their financial status is okay to some point where they can still afford basic needs while still holding a massive amount of Bitcoin. But when you compare them to those who don't really have something that provides for them, then it should be a difficult task for them to hold.

Why not? You are perhaps thinking only in terms of fiat values when you hear the term "rich." You are rich if you own valuable art, real estate, vehicles, diamonds, gold, agricultural land, stocks, a drinkable water source, and bitcoin, of course. Any of these assets increase your wealth and you can sell them as long as there is a market willing to pay to purchase them from you.

The investing part aside, bitcoin is freedom money. It allows you to use it in any way you want. Traditional digital money only works if the trusted custodian is ok with how you spend "your" money. It's not really yours if you must ask permission to spend it.

I would say treat Bitcoins as an investment. I am sure many of us are investing in mutual funds. What happens in mutual funds is that we pay each month a fixed amount, and based on the market conditions, we get interest that is compounded annually. Similarly, I have also set a budget for Bitcoins. Like mutual funds, I also buy Bitcoins every month. I have set a target of 4x profit, and until and unless that is achieved, I will keep on buying the Bitcoins. In this manner, I won’t regret selling the coins and will hold them till the target is achieved.

Not all whales are rich. Those who were able to mine and hold a lot of it were too focused on the future and they believed in the potential of BTC.

And with that, they're being rewarded for that patience that they have. I understand what you're trying to say that someone holds for so long but along the way needs to sell what he's got for some reason.

It's okay, that's the purpose of investing so that we're able to profit and use it for the purpose that it's intended to be for the situations that we face.

It is a no brainer, those who needed money will sell it, while those who wanted to take profit may also sell it.  It is a logical move to sell our Bitcoin holdings when we are in profit because we can never realize the profit if we don't sell.  The thing is, after selling at a higher price, we can always re-enter the market by repurchasing Bitcoin when it is in the bear market.  Bitcoin always have windows for re-enter especially during the price drop in its bear market.



If the teacher has enough, I think both will have no problem holding BTC.  But I think it is ok to sell their BTC holdings during the peak if they know they can repurchase it when the Bitcoin enters the bear market.  They should not have any problem whether to hold or to sell because either way, Bitcoin price movement will always give them the opportunity to sell at a higher price and buy at a lower price.



We do not know because we don't know their financial history, but saying a person as a whale is holding hundreds to thousands of BTC, we can consider them rich.  Btw, remember Bitcoin in its early days aren't worth $1  each so anyone could afford buy it whether they are rich or poor.

I think that many people have are actually getting this idea of holding bitcoin for a very long term wrong. I have read threads around and I have seen whenever someone talks of sell some members see it as something that is wrong but ideally selling off bitcoin is an essential part of holding that same bitcoin, the most important part of holding itself is actually having a selling plan, this might be in partials and not necessarily selling all, there is no specific rule of holding that Says one shouldn’t sell, the only excuse is selling at a loss other than that selling your coins is a good idea except if you’re holding a post retirement benefit.

Let’s look at big investors like even Microstrategy they sell off at a high price and then buy back at a low price after they most have taking some profits. Imagine been in a position of buying at $4k and then selling at $60k yiu could still get more when the price drops after selling. If I was the one i would have sold at that $60k i mean some fractions and then still buy same quantity sold at $40k and then have some of the extra profit as my upkeep or channel it into other small scale businesses for a little diversification

From 2020 till date is a long time and in this period, many things would have likely happened, some of which would have tempted someone who has plans to keep their bitcoin to change their plans. I do no see any problems with selling your bitcoin, do not just sell all that you are have with the intentions not to invest again, and do not sell too early. If you sold all the bitcoin you had some years ago,  you will be sad hearing others do well.