Topic: Anyone else think "long term" hodlers are idiots? - page 16. (Read 27268 times)
It all depends on the investor's strategy. It doesn't matter whether you do short term trading or hodling for long term investment, what matters is your own goal and strategy. Profit is still a profit. Do not let greed take over and learn from your mistakes to be a better and wiser investor/trader.
HODL = GOOD
TRADE = GOOD
GREED = BAD
TRADE = GOOD
GREED = BAD
Someone who bought 1,000 BTC for 1 USD each and is still holding qualifies as a greedy person. That person could cash now 14,000,000 $ (14 Million!), but if he is holding just because he expects the price to go higher still, that's greed, plain and simple.
Being greedy can be very risky, because one can see reduced his gains if BTC crashes to the half, like the current trend seems to show.
No that person has a vision and doesn't think in fiat terms, what is the dumbest thing you can do in times of massive inflation in each nation state currency!
Not everyboy is in Bitcoin just for the money!
This is not why Bitcoin was created! Hodlers who are holding for many years now and studied Bitcoin know what it is really about!
A global financial renaissance with sound money which provides you financial sovereignty and total freedom!
Not everybody is in Bitcoin just for the money! ==> Agreed.
I am talking about the holders that ARE ONLY because of the money. And they very likely outweigh in number to those that are there because of the philosophy behind bitcoin (which I really like, by the way)
only idiots will think this. Long term hodlers are always winners and short term sellers are always losers.
This trend will continue until halving around 2019
This trend will continue until halving around 2019
HODL = GOOD
TRADE = GOOD
GREED = BAD
TRADE = GOOD
GREED = BAD
Someone who bought 1,000 BTC for 1 USD each and is still holding qualifies as a greedy person. That person could cash now 14,000,000 $ (14 Million!), but if he is holding just because he expects the price to go higher still, that's greed, plain and simple.
Being greedy can be very risky, because one can see reduced his gains if BTC crashes to the half, like the current trend seems to show.
No that person has a vision and doesn't think in fiat terms, what is the dumbest thing you can do in times of massive inflation in each nation state currency!
Not everyboy is in Bitcoin just for the money!
This is not why Bitcoin was created! Hodlers who are holding for many years now and studied Bitcoin know what it is really about!
A global financial renaissance with sound money which provides you financial sovereignty and total freedom!
HODL = GOOD
TRADE = GOOD
GREED = BAD
TRADE = GOOD
GREED = BAD
Someone who bought 1,000 BTC for 1 USD each and is still holding qualifies as a greedy person. That person could cash now 14,000,000 $ (14 Million!), but if he is holding just because he expects the price to go higher still, that's greed, plain and simple.
Being greedy can be very risky, because one can see reduced his gains if BTC crashes to the half, like the current trend seems to show.
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.
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.
We've been having this discussion since bitcoin first started trading back in 2011.
I guess it depends. Some of the early bitcoiners thought like you and when they sold the coins they bought for $2 for $32, that they were making a smart move. But the guys who held till $15,000 were smarter.
The question is, will we ever see gains like we have seen in the last 9 years. If you think the answer is No, then selling is the right thing to do. If teh answer is yes, then holding is the right thing to do.
My personal view is that while holding worked well in the past, if bitcoin can't fix it's fee problem, it will get bypassed and we've therefore seen the highs and it's downhill from here.
I don't have anything against anyone who decides to hold for a long term and with all suggestions for everyone else to do so as well, don't get me wrong I'd be holding btc as well if I had the conditions to do to, but with the situation like that right now where most of the people who have btc are holding it, don't deny that bitcoin is turning into an investment asset.
Sadly, it's probably what will ti remain as in the future, but no, I don't think that long term holders are idiots. They've turned out to be huge winners in btc case.
I believe that those long term hodlers are the ones who have benefited the most from the huge growth of bitcoin. We all know that and calling them idiots because of that is absurd. In fact, many people are envy for those who have the chance to hold as much and as long as they can and wishes that somehow they have also known bitcoin at that time. We know that because the price of bitcoin reaches a new level for this year, its popularity has also grown and for those who have their bitcoins in their wallet for a long time surely have made a fortune out of it. Sadly, it's probably what will ti remain as in the future, but no, I don't think that long term holders are idiots. They've turned out to be huge winners in btc case.
Some stocks did well in 2015 and 2016. Nintendo had some good runs. Not 10x unless you used leverage.
I remember being a Pokemon Go early adopter and seeing how big and magical it was and knowing that I should buy Nintendo shares right then. But all my money was in fucking hodl. After that Nintendo went up 100-150% in days.
I remember being a Pokemon Go early adopter and seeing how big and magical it was and knowing that I should buy Nintendo shares right then. But all my money was in fucking hodl. After that Nintendo went up 100-150% in days.
This forum in general inspires very little confidence regarding the financial capabilities of people.
Your comment has a few problems:
1) It's nigh on impossible for people to perfectly time entering and exiting the market at recent historical high/lows - if you could do this with such great accuracy on Bitcoin you would probably do better day-trading shares.
2) No non-speculative (i.e. irrationally risky) investment offers a 10x return over 2 years. At least not to the general public - there might be exceptions if you had particular knowledge in the finance industry, and had a very large investment pool to play with.
You know how is really laughing? Someone who sold BTC at $1100, multiplied those gains by 1000% with some other investment, instead of the funds sitting hodl limbo during crypto winter for 2 years, and THEN used those proceeds to rebuy 50 times more coins at $180.
Your comment has a few problems:
1) It's nigh on impossible for people to perfectly time entering and exiting the market at recent historical high/lows - if you could do this with such great accuracy on Bitcoin you would probably do better day-trading shares.
2) No non-speculative (i.e. irrationally risky) investment offers a 10x return over 2 years. At least not to the general public - there might be exceptions if you had particular knowledge in the finance industry, and had a very large investment pool to play with.
Finally someone ride the same wave with me and understand what the real meaning of those two words "long term" 
Those who holds in long term, those people are thinking their future and the future price of bitcoin of course, they think bitcoin price will increase for up to $30k, and as of now we still have almost $13-14k, it drops after it hit $18k. But those who holds in long term take advantage with that dips to invest more than they have right now.
You know how is really laughing? Someone who sold BTC at $1100, multiplied those gains by 1000% with some other investment, instead of the funds sitting hodl limbo during crypto winter for 2 years, and THEN used those proceeds to rebuy 50 times more coins at $180.
The only idiots in here are the ones who are not holding.. not the ones who are holding bitcoins, there is a big, big difference in there.
I dont like the people who is sooo obsessed about bitcoin, but yes, the holders are good people and of course that most of them are wealthy guys.
I dont like the people who is sooo obsessed about bitcoin, but yes, the holders are good people and of course that most of them are wealthy guys.
idiot
The above word is a bit harsh, but you must know the people who sold, at least some BTC, above $19K and bought back below $15K are laughing at people like YOU!
Peace and LOVE to you this season.
The only idiots in here are the ones who are not holding.. not the ones who are holding bitcoins, there is a big, big difference in there.
I dont like the people who is sooo obsessed about bitcoin, but yes, the holders are good people and of course that most of them are wealthy guys.
I dont like the people who is sooo obsessed about bitcoin, but yes, the holders are good people and of course that most of them are wealthy guys.
I don't have anything against anyone who decides to hold for a long term and with all suggestions for everyone else to do so as well, don't get me wrong I'd be holding btc as well if I had the conditions to do to, but with the situation like that right now where most of the people who have btc are holding it, don't deny that bitcoin is turning into an investment asset.
Sadly, it's probably what will ti remain as in the future, but no, I don't think that long term holders are idiots. They've turned out to be huge winners in btc case.
Sadly, it's probably what will ti remain as in the future, but no, I don't think that long term holders are idiots. They've turned out to be huge winners in btc case.
try asking that question to someone who long term held from 2011/12 until now. they would laugh in your face and then probably spit in it too.
People who learned long time ago about bitcoin did the right thing with holding it, but we can't compare Bitcoin 2011/2012 against Bitcoin now, when everyone knows about it and the price is thousand times higher! I suppose those early adopters already cashed their coins this year, and made nice profits. But people who JUST entered the market and are planning to "hold" are too late to the party.
Some good reading:
https://www.clivemaund.com/article.php?id=4444
Quote
Let’s not be churlish about this, however, it is important to give credit where it is due. Those who got in early on this Bitcoin mania are true geniuses who have every reason to feel proud of themselves, having made themselves a fortune from even relatively modest stakes. The problem for many such investors though is that they don’t know when to call it a day and jump ship – many overstay their welcome and end up losing most of their gains. If you, dear reader, are one of these fortunate individuals you should get the hell out with the minimum of delay and consider yourself lucky. Sure you might miss some more gains short-term, but when this thing goes down it will be a lot faster than the Hindenburg and leave behind a massive impact crater, as unbridled greed changes in a flash into visceral fear and blind panic and all the recent lemmings disappear straight over the cliff edge – it will go into freefall and bids will evaporate.
I think there are people who buy bitcoin as a way to invest in the long term, but I think that only those who start now can be a bit more difficult to buy at the current price
You know I heard the exact same thing when BTC was at $200. Man it's just way to expensive to invest now... Really it's always to expensive to invest in anything if you look at it that way. All I did was take 200 a month and invest that in BTC or other Cryto's.. If you buy it , hold it. I'm kicking myself for dumping 2000 DASH back then. Bought it and didn't really know what to do with it. So just traded it in on a couple bitcoins and other coins. Today that would be about 100 btc.
See, little investment.. huge return for holding. Crappy return for trading.
Seems like many people think you are an idiot OP. Holding is the best way to go for most of us. Don't listen to this clown he only wants you to try trading and lose.
There is a place for traders but that is a select few that know what they are doing, calculate risks and don't get emotional where things go bad.
HODL = GOOD
TRADE = GOOD
GREED = BAD
Seems like many people think you are an idiot OP. Holding is the best way to go for most of us. Don't listen to this clown he only wants you to try trading and lose.
Another reason why HODLing is smarter.
YOU CAN STORE THEM OFFLINE IN A PAPER WALLET.
and never get goxxed...
Just keep the paper wallet away from fire, dogs, etc
YOU CAN STORE THEM OFFLINE IN A PAPER WALLET.
and never get goxxed...
Just keep the paper wallet away from fire, dogs, etc
Everyone has their own opinion.I personally believe in holding for long period of time so according to you I am also an idiot.If by being an idiot I am earning huge amount of profit then I would love to be an idiot only.You should ask from the people who are holding their BTC's from 2-3 months or even before that how their idiotism has helped them to earn huge amount of profits.According to me long term investments in Bitcoin are the best way to earn more profits because Bitcoin price is increasing and it has a very bright and positive future .So I don't consider "long term" holders as idiots.
hi.where are you and why did you leave your coin els....we truat you and no updates from you before monthes Jump to: