To me, holding in the long term is not an idiocy, it was just the result of not having an option. Many long-term hodlers, as you will note, are just small investors. They have no choice but to hodl because they can't afford to lose the small amount of money in their pockets. Although some of them are trying to trade, they can't, sadly, because their money may not be a good starting capital
How did they not have a choice?
First, they had a choice not to invest at all, and then to disinvest when there still was a window for that (to minimize their losses). Unless we are talking about investments in major coins, and not at their ATH's at that, these people most likely have already lost their small investments
Further, if you can't trade because you don't have a good starting capital, then there is nothing to worry about losing what you have simply because your investment is just too small on its own. You can't have it both ways
Thus if you are correct, I don't 'sweat' my obvious idiocy all that much don't ya know. Probably I am clueless indeed, but somehow it does not seem to bug
You were just lucky to buy (mine) very cheap to still see handsome profits. This is not the case with most so-called long-term holders (read, there is nothing to brag about)
A $5,131.80 investment on a KNC Jupiter Miner is not luck, it is called investing or the big boys call it 'venture capitalism' most folks I know heard and knew about BTC but did
not act. I heard about it in 2009 but was otherwise occupied with Real Life Issues. But did jump in about 2013. IMHO, everyone had the chance to get on the train in 2009 but
blew it off, thus, my come to papa moment happened earlier due to research again, most latecomers after I had the BAD LUCK not to revisit BTC and crypto till much later.
That is the way of Capitalism my friend, first at the table always eats the best.
