Someone who can save up 1 $BTC and hold onto it is definitely not just an ordinary retail investor casually talking.
First, you need to have some financial foundation—not necessarily being rich, but being able to set aside that amount of money without affecting your life. More importantly, there’s a cognitive threshold: you have to understand some cryptography principles, the underlying logic of blockchain, and at least know why this thing is valuable.
Just knowing the technology isn’t enough. You need a basic grasp of financial market rules—things like inflation hedging, asset allocation, liquidity traps—otherwise, you’ll lose your composure at the first sign of wild price swings.
The hardest part is the psychological aspect. A 20% daily swing in crypto assets is normal; can you dare to buy more when others are panic selling? Can you hold on during a black swan event? You need your own understanding of “fairness” and “luck,” and you have to accept that ups and downs are part of life.
Simply put, long-term holding is a practice that goes against human nature. Those who can do it either have deep enough understanding or a very stable mindset—both of which, frankly, are not common qualities.
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AirdropDreamer
· 15h ago
Sounds nice, but at the end of the day, you still need to have extra money. It's not that easy for ordinary people.
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NFTFreezer
· 15h ago
That's right, mindset is really the biggest test. I've seen so many people who were determined to hold long-term at first, but then panicked at the first major drop.
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MetaNeighbor
· 15h ago
Cognition and mindset are indeed two major barriers, but to be honest, what's even harder than these is not getting rekt.
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BlockchainBard
· 15h ago
That's right, very few people can actually hold on to a whole Bitcoin.
Someone who can save up 1 $BTC and hold onto it is definitely not just an ordinary retail investor casually talking.
First, you need to have some financial foundation—not necessarily being rich, but being able to set aside that amount of money without affecting your life. More importantly, there’s a cognitive threshold: you have to understand some cryptography principles, the underlying logic of blockchain, and at least know why this thing is valuable.
Just knowing the technology isn’t enough. You need a basic grasp of financial market rules—things like inflation hedging, asset allocation, liquidity traps—otherwise, you’ll lose your composure at the first sign of wild price swings.
The hardest part is the psychological aspect. A 20% daily swing in crypto assets is normal; can you dare to buy more when others are panic selling? Can you hold on during a black swan event? You need your own understanding of “fairness” and “luck,” and you have to accept that ups and downs are part of life.
Simply put, long-term holding is a practice that goes against human nature. Those who can do it either have deep enough understanding or a very stable mindset—both of which, frankly, are not common qualities.