Anyone else think "long term" hodlers are idiots? - page 11.

STT

legendary

Activity: 4088

Merit: 1452

Quote from: Wilhelm on January 18, 2019, 08:12:33 AM

Bought araound $80 and it's currently $3600 so yes I'm an idiot Tongue

But true that selling at $19k would have been better...

Taking an absolute view for or against is not the best choice. Selling at the timing of this thread would not given the best price, it had risen 300% from the previous peak but still was not near its highest price. The sensible thing is not to sell all but make sure your holdings are distributed some.

I dont especially agree with only hold but its not been a bad strategy for what is a unique new technology overall. Nobody was able to estimate it exactly and it was widely dismissed, holding was far from the worst strategy to have. Likely thats going to be repeated.

I would argue overall that people should adjust their portfolio to match gains seen. So if Bitcoin were to double in pricing then move at least some small percentage to long term currency like gold. Having your mortgage reduced so you are a larger percentage owner in your own house is a good arguable strategy for security. Money is security ultimately, some see it as luxury but having been poor many times in life I can tell you the most valuable money is what pays for food, security and all the basics taken for granted.
Always the best gains are stabilised across all your various costs, like rent, etc lopsided purely to growth, high risk products is dangerous ground

peter0425

sr. member

Activity: 2618

Merit: 439

Quote from: Dreamchaser21 on January 26, 2019, 06:59:15 PM

Quote from: NavI_027 on January 25, 2019, 08:42:12 AM

For me, long term holding is not an idiocracy it was only the product of not having an option. As you will noticed, most of the long term hodlers are small investors only. They don't have any choice but to hodl because that small amount of money in their hands is all they hand thus cannot afford to lose it. Even some of them want to try trading, unfortunately, they still can't because their money might not be a good starting capital.

Situtions like this will force us to hold because if we sold, we will lose our money. But for me holding is alright as long as you have limits on that and holding doesn’t mean you’re an idiots you just believe on long term investment and no one will force you to do trading because they want to. Always stand for your own decision.

Technically, Holding coins doesn't lose you money, so why would you sell in the first place? I don't think they are idiots, they are using their brains and just waiting for the right time to sell. Of course its wise if they have sold at $19K, but it doesn't matter 1 BTC is 1 BTC, no matter what, its jus the dollar value that changes when you're going to liquidate it.

shesheboy

full member

Activity: 714

Merit: 114

Quote from: NavI_027 on January 25, 2019, 08:42:12 AM

For me, long term holding is not an idiocracy it was only the product of not having an option. As you will noticed, most of the long term hodlers are small investors only. They don't have any choice but to hodl because that small amount of money in their hands is all they hand thus cannot afford to lose it. Even some of them want to try trading, unfortunately, they still can't because their money might not be a good starting capital.

Quote

For me, long term holding is not an idiocracy it was only the product of not having an option.

hodling is a choice . its an act of investing and many people choose this path because this is more safer and easier to do than trading or any other risky activities out there .

Quote

As you will noticed, most of the long term hodlers are small investors only.

alot of long term investors are average to rich people . few were only poor but its not a problem anymore because all who enters this scene are here to earn a profit .

Quote

They don't have any choice but to hodl because that small amount of money in their hands is all they hand thus cannot afford to lose it.

Its not because they dont have any choices but the main reason why they chose to hodl is because the current market situation is not really suitable for trading or selling . its also a golden rule that we must only invest what we can afford to loose

Dreamchaser21

full member

Activity: 686

Merit: 108

Quote from: NavI_027 on January 25, 2019, 08:42:12 AM

For me, long term holding is not an idiocracy it was only the product of not having an option. As you will noticed, most of the long term hodlers are small investors only. They don't have any choice but to hodl because that small amount of money in their hands is all they hand thus cannot afford to lose it. Even some of them want to try trading, unfortunately, they still can't because their money might not be a good starting capital.

Situtions like this will force us to hold because if we sold, we will lose our money. But for me holding is alright as long as you have limits on that and holding doesn’t mean you’re an idiots you just believe on long term investment and no one will force you to do trading because they want to. Always stand for your own decision.

kateycoin

full member

Activity: 882

Merit: 104

I think hodler for long term is not idiot they know what they doing that's why they hodl what they have because they believe to that coin and I think they know that it will be a good future to that coin that's they hodl it. It's not bad to choose a long term because it will give you more profit that ti daily basis.

romero121

legendary

Activity: 3234

Merit: 1214

Vave.com - Crypto Casino

Till date each and every long term hodlers have profited out of bitcoin. Even if they've missed one opportunity, surely they'll get another opportunity to profit out of the same. All that required is the patience to hold till the next price bumping happens. In very few cases long term hodlers have encountered loss which is purely based on their situation upon which they were not in a situation to hold it anymore.

NavI_027

full member

Activity: 1232

Merit: 186

For me, long term holding is not an idiocracy it was only the product of not having an option. As you will noticed, most of the long term hodlers are small investors only. They don't have any choice but to hodl because that small amount of money in their hands is all they hand thus cannot afford to lose it. Even some of them want to try trading, unfortunately, they still can't because their money might not be a good starting capital.

Kiir

jr. member

Activity: 83

Merit: 1

Quote from: Sevvero on June 25, 2017, 02:17:38 PM

Funny how every time the market is in a recession and losers keep holding on to their losses they magically become "long term" holders.

God damn it, "long term" is such a stupid meme. Admit it, you wanted to get rich quick and once you realised you are too dumb to swing trade you suddenly became a "long term" loser.

Such idiocity.

You think Dan Balzerian held anything "long term"?

Long term is for losers.

You suffer from the "Every coin is the same, thus whatever I think about one, applies to other ones" even if you don't know it Wink

When you find a coin that has long term plans and you research it and decide to buy cause if those plans happen down the road, you'll make money....it's only logical to hold on.
If the plans will take..let's say 7 years. Why not hold if we think the price will be the highest then?

ethereumhunter

hero member

Activity: 2912

Merit: 541

Leading Crypto Sports Betting & Casino Platform

Quote from: Wilhelm on January 18, 2019, 08:12:33 AM

Bought araound $80 and it's currently $3600 so yes I'm an idiot Tongue

But true that selling at $19k would have been better...
Then again having a cold wallet is the safest place for very long term instead of trusting exchanges like MtGOX and BTCe

The cold wallet can be a great solution for people who can buy bitcoin at $80 and not leave his bitcoin at the exchange especially if he has more than 1000 bitcoin. I never think that the holders are idiots because they are thinking about their future and if somehow, they can get a great investment like bitcoin, I am sure that they will want to save as much bitcoin as they can because bitcoin has a great future.

freedomgo

legendary

Activity: 3248

Merit: 1160

Playbet.io - Crypto Casino and Sportsbook

Quote from: gabmen on January 21, 2019, 08:31:20 AM

Quote from: Wilhelm on January 18, 2019, 08:12:33 AM

Bought araound $80 and it's currently $3600 so yes I'm an idiot Tongue

But true that selling at $19k would have been better...
Then again having a cold wallet is the safest place for very long term instead of trusting exchanges like MtGOX and BTCe

Well everyone who's heard of mt.gox should find it necessary to have cold wallets if they're planning on long term. And however said hodlers are for idiots are probably just trolling or have lost a lot of money holding the wrong coin at the wrong time. If you ask me, it's the safest method of dealing in this market.

You only consider yourself an idiot if you are not benefiting in holding.
I can see that there are a many investors who benefited from holding, they have the reason to hold because most of the early
investors are very successful with just holding, that's effortless if you'll ask me but they have the confidence that's why they make easy money.
When you bought at $1 and you are still holding now, I guess you are a genius although you did not sold during ATH, but ATH will again come.

gabmen

hero member

Activity: 1246

Merit: 529

CryptoTalk.Org - Get Paid for every Post!

Quote from: Wilhelm on January 18, 2019, 08:12:33 AM

Bought araound $80 and it's currently $3600 so yes I'm an idiot Tongue

But true that selling at $19k would have been better...
Then again having a cold wallet is the safest place for very long term instead of trusting exchanges like MtGOX and BTCe

Well everyone who's heard of mt.gox should find it necessary to have cold wallets if they're planning on long term. And however said hodlers are for idiots are probably just trolling or have lost a lot of money holding the wrong coin at the wrong time. If you ask me, it's the safest method of dealing in this market.

Wilhelm

legendary

Activity: 1652

Merit: 1265

Bought araound $80 and it's currently $3600 so yes I'm an idiot Tongue

But true that selling at $19k would have been better...
Then again having a cold wallet is the safest place for very long term instead of trusting exchanges like MtGOX and BTCe

omonuyak

sr. member

Activity: 882

Merit: 269

I will not said I am idiot as a long-term holders but I can said we really make a terrible investments decision. I have decided to trade bitcoin base on a particular market conditions and not just buying any coins and keep holding them. Investors are not going to make bad investments decision if we are short term one as long holding do results in loses.

deisik

legendary

Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: Silberman on January 16, 2019, 12:59:33 PM

Quote from: Sevvero on June 25, 2017, 02:17:38 PM

Funny how every time the market is in a recession and losers keep holding on to their losses they magically become "long term" holders.

God damn it, "long term" is such a stupid meme. Admit it, you wanted to get rich quick and once you realised you are too dumb to swing trade you suddenly became a "long term" loser.

Such idiocity.

You think Dan Balzerian held anything "long term"?

Long term is for losers.

Long term holding is for those that do not want to watch the market all day to get profits, maybe you cannot understand this but not everyone is interested in watching charts and trying to figure out what the market will do all the time, they have other stuff to do like working and spending time with their family and they see in long term holding a good option for them to invest and get profit

The short answer is it depends

The long answer is it depends on how deeply you are invested in crypto. If it is something which you can safely put to rest (the proverbial "invest what you can leave to rest"), it is one thing. And it is a completely different thing if you are a Warren Buffett of cryptoinvestments (in the terms of your obsession with them, not your success, obviously). In the latter case, you simply can't help watching the charts all day long and following the prices through restless and sleepless nights as well. If you want a life, just diminish radically your financial exposure to cryptomarkets to the point of being irrelevant and your life will be full again. But that may not be something which you might be really looking for

Silberman

legendary

Activity: 2534

Merit: 1338

Quote from: Sevvero on June 25, 2017, 02:17:38 PM

Funny how every time the market is in a recession and losers keep holding on to their losses they magically become "long term" holders.

God damn it, "long term" is such a stupid meme. Admit it, you wanted to get rich quick and once you realised you are too dumb to swing trade you suddenly became a "long term" loser.

Such idiocity.

You think Dan Balzerian held anything "long term"?

Long term is for losers.

Long term holding is for those that do not want to watch the market all day to get profits, maybe you cannot understand this but not everyone is interested in watching charts and trying to figure out what the market will do all the time, they have other stuff to do like working and spending time with their family and they see in long term holding a good option for them to invest and get profit.

ophyrim

sr. member

Activity: 994

Merit: 391

It depends on which coin/token do you have in your portfolio. And also the time frame of "long term". Because the "long term" is a relative.
But I think you should always hold BTC and also ETH in your portfolio. The small marketcap altcoins..... you are right.

UserU

hero member

Activity: 2128

Merit: 532

FREE passive income eBook @ tinyurl.com/PIA10

Quote from: Mr.grin on January 16, 2019, 02:18:14 AM

if someone who is an idiot is someone who holds their assets for more than 1 year, that includes me. well, I have held back the assets that I have had so far until prices fall like this. but, however, this is a risk that I need to face. well, maybe people say idiots, but basically we don't know what happens in the future. besides, this might be an important lesson for me, and a number of other people.

When your portfolio gets wiped out by 80% and you're still hodling...

... me too Cry

tisoysoy

copper member

Activity: 362

Merit: 1

Quote from: btc_angela on January 15, 2019, 10:15:03 PM

Quote from: bittraffic on January 15, 2019, 02:58:03 AM

Long term holders definitely lose the opportunity to profit in the declining market. I didn't hold my BTC, I have dumped mine sadly, I thought of only dumping few when it hit $19k when I should have go all the way. Now I lost it all. I could have been enjoying the money that I should have. But long term holders will also gain in the future.

I mean if you didn't sell the remaining bitcoin is your stack then technically you don't lose right? You also lose if you dump it at today's price which you don't do at all. Since you already hold on it for a long time then you might as well continue to do it in the next couple of years to maximize your profits.

You're quite right mate, since the market now is tremendously dropped all we have to do is to hold. There is no other solution aside from holding and must be patience.

Mr.grin

legendary

Activity: 1218

Merit: 1000

if someone who is an idiot is someone who holds their assets for more than 1 year, that includes me. well, I have held back the assets that I have had so far until prices fall like this. but, however, this is a risk that I need to face. well, maybe people say idiots, but basically we don't know what happens in the future. besides, this might be an important lesson for me, and a number of other people.

btc_angela

hero member

Activity: 2660

Merit: 551

Quote from: bittraffic on January 15, 2019, 02:58:03 AM

Long term holders definitely lose the opportunity to profit in the declining market. I didn't hold my BTC, I have dumped mine sadly, I thought of only dumping few when it hit $19k when I should have go all the way. Now I lost it all. I could have been enjoying the money that I should have. But long term holders will also gain in the future.

I mean if you didn't sell the remaining bitcoin is your stack then technically you don't lose right? You also lose if you dump it at today's price which you don't do at all. Since you already hold on it for a long time then you might as well continue to do it in the next couple of years to maximize your profits.

Topic: Anyone else think "long term" hodlers are idiots? - page 11. (Read 27268 times)