From 10,000 to 100,000 USD! How to hold on to Bitcoin? Just do these 3 things

Question

The first time you hear about Bitcoin is often when you have the most Bitcoin.

Image source: Deep Tide TechFlow

First of all, congratulations to BTC for officially reaching 100,000 US dollars today. Here's a fun fact for you.

In January 2018, I wrote an article about how to survive in a Bear Market.

Back then, they were indeed shameless in their boasting. The most crucial part of it (ridiculed harshly by a commenter in the section) is:

"It's only a matter of time before BTC reaches $50,000."

Since I know BTC has risen to $50,000, all operations are now aimed at increasing the quantity of BTC. Why do you want to Cut Lossstop loss now? Where is the loss?

The commentator in the comments section said, "After the host made a decision, did he conclude that BTC could reach $50,000?"

Image source: Deep Tide TechFlow

Forgot to mention, that day BTC was 11,000 US dollars.

It's fun afterwards - -

This brother has some backbone, and that comment remains un-deleted.

But with BTC breaking through 20,000, 30,000, 40,000... and now surpassing $100,000, every time it breaks an integer, someone will go there specially to mock him [😂], this small comment is becoming a famous tourist attraction.

As a generation of netizens, this kind of tough joke, coupled with the amazing performance of the magical currency on the Internet, naturally feels comfortable.

----Dividing Line----

A famous picture, I think everyone has seen.

Image source: Deep Tide TechFlow

Your imagined HODL

Image source: Deep Tide TechFlow

HODL in practice

Many people have even corrected that the second picture should be:

Image source: Deep Tide TechFlow

Actual HODL 2.0

Actually, there is a third image of this meme that many people don't know about. To be honest, it is also the most touching image for me over the years:

Image source: Deep Tide TechFlow

HODL 3.0 in practice

Is it? Is it really that simple to hold BTC?

Why are there still so many people who haven't held on?

If I were in 2018, I might have eagerly answered this question: Yes, it's really simple to hold BTC, just do one thing: store it in a cold wallet.

But!! Actually, this sentence is only half correct.

After drifting in the industry for seven years, I finally realized the second half of the truth myself.

Today, in 2024, I will tell you the truth:

Holding BTC is still simple, but actually requires three things:

Deposit into Cold Wallet

Regularly replenish faith

Live a good life

The first thing is cold wallet, I believe no explanation is needed.

Secondly, worth mentioning.

Actually, I really appreciate everyone who spreads the word about Bitcoin.

Faith is something that will gradually weaken over time and experience, and you need to replenish it every once in a while.

Otherwise, your BTC will be lost to the market in countless forms of swing trading.

No one can establish a 'steel-minded imprint' with their flesh and blood, not even MicroStrategy's CEO Michael Saylor, who secretly sold some BTC at the bottom of 16,000, attempting to do some tax evasion-focused swing trading.

And the most terrifying thing about the encryption industry is that it always manages to push the ugliest part of the industry in front of the world.

You can see scammers, ugly people, romance, and beggars appearing one after another;

You can always see one eyewash after another, one Ponzi scheme after another, and collapse.

VC fund raised by the big shots

As small as the PVP initiated by group members

It's only natural that you're disappointed with this industry, as there are thorns all the way.

If you can still maintain a passionate heart, to be honest, I would doubt your sincerity.

So, you need to replenish your faith regularly.

Next comes the time of faith.

Image source: Deep Tide TechFlow

This round of BTC launch is not a one-step process, but like a multi-stage rocket, one stage after another, layer by layer To The Moon.

Pre-phase: The curtain falls on the three swindlers (SBF, Su Zhu, Do Kwon) + the freezing of the Fed's interest rate, jointly welding the iron bottom of BTC at 16,000 points.

Later, BTC has three major contributors from the previous bottom of 16,000 to the current 101,600.

First-stage rocket: 16,000-30,000, thanks to Grayscale for consistently absorbing BTC like a legendary creature, and obtaining a crucial victory in the SEC lawsuit.

Second-level rocket: 30,000-60,000, thank ETF, especially BlackRock and Fidelity, two traditional institutions bringing their users and hot money from the US stock market into BTC.

Third-level rocket: 60,000-100,000, thanks to MicroStrategy. In fact, it is difficult to break through key integer levels, especially with the invisible pressure of various technical indicators. However, MicroStrategy's faith and determination allowed them to use cash from issuing bonds and selling stocks to aggressively eliminate pressure and bring BTC into the vacuum zone.

Next, there is also the fourth level rocket, which is the most powerful level rocket:

Considering the newly nominated encryption-friendly, even encryption-enthusiastic government officials by Trump, the BTC strategic reserve proposal in the United States is likely to become a reality.

And with the United States leading the way, is it possible that Europe, the Middle East, Japan and South Korea, South America, and even China could follow suit?

The once distant electronic 'golden' dream has now become attainable.

The biggest feature of BTC is that it will not change, which is a quality similar to gold.

The golden seals of Qin Shi Huang, the golden crown of Emperor Taizong of Tang Dynasty, and the golden palace of Emperor Taizu of Ming Dynasty are all made of the same gold.

What was the BTC network like in 2017, what is it like in 2021, and what will it be like in 2025? It's all the same BTC.

「Predictable」=「Trustworthy」=「Time-traveling」

You can never trust a project that dev is going to RUG in the next hour, you can't trust a protocol that updates a blueprint every 5 years, and you can't be sure that an entrepreneur who is currently diligent will become a ruthless CEO in N years.

But you can easily predict what the BTC network will look like in 10 years, what it will look like in 20 years - the answer is, just like gold, it will always be like this.

This is why these countries choose BTC (instead of others) as their "national strategic reserve".

---- Separator ----

You may ask, Teacher Todd, I seem to understand. But we came to this industry to 'turn over', and you tell me to hold BTC? How much more can BTC rise?

Image source: Deep Tide TechFlow

BTC vs Other

To be honest, I can't give you a prediction, and hardly anyone can give you an accurate prediction.

This is precisely my third point - living a good life.

Another major characteristic of this industry is that it is also good at showing you the most luxurious part.

You can easily earn 1M, 2M in a short time.

After a while, I will make another statement about leaving the circle;

A few days later, the person disappeared. It turns out they went on a world tour.

Of course, I dare not say that the bosses of the exchanges are indulging in Singapore and Dubai.

There are indeed fakes among them, with 75% being fake, 20% being poseurs, and the truly wealthy also exist, accounting for about 5%.

However, these things are too stimulating to the eyes. If they are as powerful as a great weapon, they cleverly bring out people's dissatisfaction and anger.

Image source: Deep Tide TechFlow

This is also why memes were born, and of course, there will be a chance to write more about memes later.

Recently, there was an account with a gorilla avatar that transferred 5M to the XRP contract, attracting many admirers. However, it was revealed that it was only virtual trading, aiming to deceive others into paying fees.

Do you know how ironic it is when you once faced a fake Photoshopped image, silently shed tears and cursed yourself for being timid, and then retaliated by opening a huge lever?

The key to HODL is that people need to learn to live well.

How to live a good life:

Frequently use text to record yourself

Accept the fact that others earn more than you do

Focus on the present

Eat well

Set realistic and achievable goals

Challenge negative thinking

Good sleep

Cultivate positive self-talk

Practice gratitude

Helping others

Only when you live your life well can you hold on to BTC.

On the contrary, if you don't live a good life and fall into the emotional honeypot carefully designed by altcoin issuers, and start fantasizing about adopting radical strategies to overtake on the curve, the outcome will be ----

Your Bitcoin will all end up in the hands of those altcoin issuers.

Image source: Deep Tide TechFlow

In recent years, I have a rough feeling that maybe only 5% of people are becoming less coin-centric.

Occasionally there are those who go against the tide, not exceeding 5%, and without exception, they are individuals with extremely prosperous fortunes.

Do you still remember that phrase?

"The first time you hear about Bitcoin, it is often when you can own the most BTC." Finally, let's review the three true ways to hold onto BTC:

Deposit into a Cold Wallet
Regularly replenish faith.
Live well

Time flies, 7 years have passed in a blink, and BTC has increased 10 times when exchanged to USD.

However, 1 BTC = 1 BTC, still the same.

The past is like this, and the future is like this.

Please HODL your BTC and don't wait until BTC reaches $1 million to understand.

【Disclaimer】There are risks in the market, and investment needs to be cautious. This article does not constitute investment advice. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their specific circumstances. The investment based on this is at one's own risk.

This article is authorized to be reproduced from: 'Shenzhen Tide TechFlow'

Original Author: 0xTodd

'From 10,000 to 100,000 Magnesium! How to hold BTC? Just do these 3 things' This article was first published in 'encryption city'