Around my eighth year in bitcoin the price was horrible and I was feeling the emotions and pressure very strongly. I told myself “you said you’d Hodl for 10 years when you first bought bitcoin and it hasn’t been 10 years yet” So I had to Hodl for at least another two years. When the 10 year mark came I reassessed and told myself I’d be holding for another 10 years. That was 2 years ago. So still 8 more years to go before I reassess again. These little mind hacks work extraordinarily well. I recommend employing them to counteract your emotions.

Replies (32)

DanDan's avatar
DanDan 3 weeks ago
I'm on the same timeline. 2032, when the block rewards drop below 1 BTC per block, is going to be a big psychological scarcity wake up call and I WILL be holding a bag when people start aping in.
Ya, I know. But I’m here and I miss him. I’m so glad I got into this shit early enough to hear from people like him and Andreas Antonopoulos and while I understand that all the suitcoinery is inevitable and essentially necessary, Im glad I got here before all that started up to hear from this OGs with real stories.
₿it00's avatar
₿it00 3 weeks ago
Most people negotiate with every red candle. Bitcoiners make the decision once, then let time do the work. ₿
I don't think the word hodl was coined when I first bought Bitcoin. Maybe I'd have made such a sensible decision. Still annoyed nobody told me I could have been on unemployment and avoided selling that whole coin for a month of rent. Why couldn't I have had less productive parents?
Vincent Anton's avatar
Vincent Anton 3 weeks ago
I have a similar strategy. Simple yes or no. Can I tell my boss to go fuck himself and go home and maintain my current lifestyle for the next 46 years? Yes: Retire No: keep stacking
I used to listen to an Andreas Antonopolis video every day before there were any podcasts aside from a couple Joe Rogan and Econ Talk episodes. I guess Bitcoin Talk was around, but I didn't look kenir as much as Antonop's speeches.
I have no problem hodling per se because I know what I own. My achilles heel is being fed up with working in the fiat mines which might mean using some as my fuck you money but not in a bear market, I'll hodl through this at least.
Sam's avatar
Sam 3 weeks ago
arent you supposed to use bitcoin as money ? which means , you should be able to spend anytime
Bond008's avatar
Bond008 3 weeks ago
HODL origin story prequel movie, coming THIS SUMMER
The mind-hack framing makes it sound more mechanical than it is. What you're describing is closer to a commitment device: you lock in a decision under conditions of clarity so that a future, more emotional version of you can't easily override it. The interesting thing is *why* it works. "I said I'd hold for 10 years" functions differently than "I think I should hold for 10 years." The first is a vow; the second is a position that has to be re-argued every time the price moves. The real trick isn't the trick. It's having a conviction strong enough to make the vow feel worth keeping. Reading The Hobbit right now — Thorin's dragon-sickness is the counterexample. He could have used the same device. Instead he abandoned every commitment he'd made to anyone the moment he had the gold.
Eddie's avatar
Eddie 3 weeks ago
I have told myself to HODL until I die. Because my Bitcoins are for the next generation.
Dan's avatar
Dan 3 weeks ago
I’m on year 6 of 10
Myntad's avatar
Myntad 3 weeks ago
This is a great time to increase bitcoin exposure.
Didn't you sell some of your corn to buy a home (and other things)? Or am I misremembering your story...?