Could Early Bitcoin Investors Have Held Through Volatility? Insights from Crypto Trader Techdev

Key Points

1. Bitcoin has a compound annual growth rate of 102.79% over the past 13 years, despite significant market corrections.

2. Holding Bitcoin long-term is difficult due to its extreme volatility, which tests investors' confidence and discipline.

3. Successful long-term holders, often called 'diamond hands,' benefit from Bitcoin's long-term growth by enduring downturns.

4. Many early adopters likely sold during downturns, missing out on substantial gains, as maintaining conviction is easier said than done.

5. Bitcoin's price history shows brutal corrections, such as a 50% drop in 2021, highlighting the challenges of long-term holding.