Anyone else think "long term" hodlers are idiots? - page 21.

deisik

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Quote from: Supercrypt on June 28, 2017, 09:01:37 AM

Active traders must be the losers especially with respect to bitcoin markets. There are many common saying like losses also part of trading / no one will be capable of predicting exact high and low then holding long term must be a wise decision. Long term holding eliminates all these problems of usual trading.

Satoshi Nakamotto must be a good example here. He holds his bitcoins from day one of bitcoin ecosystem that is the reason, it is believed his positions must be valuing more than $3 billion.

This is a glaring case of selection bias (read more in Wikipedia)

If you want to consider Satoshi Nakamoto as an example here, you should also consider a few hundred creators of shitcoins (as well as thousands of shit coin bag holders) who didn't even remotely succeed at holding their coins. And you can be dead sure that the ratio is not in favor of Bitcoin. Apart from that, absolute holding without buying and selling from time to time is a losing strategy in the long term. Bitcoin is inevitably set to die one day (and that day may in fact be closer than you think), and if you keep your coins longer than that, you will lose all

Kimi80

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Quote from: freebutcaged on June 27, 2017, 06:04:40 PM

Quote from: agustina2 on June 27, 2017, 04:53:27 PM

Quote from: Kimi80 on June 27, 2017, 04:30:42 PM

My brother both 20 btc for 22 dollars couple of years ago and forget that he got them. Few months ago I talked to him about btc and my activity on this forum and price of bitcoin today. He was shocked, checked his wallet and pleasantly surprised. Now he got little less than 60 thousand dollars. Worked great for him, definitely not an idiot. Me, I am young in this story, equally spending and saving and hope to have some benefits from it in the future.

Couple of years ago? The price high for 2015 was about around $430 and price low was around $215. How is that possible that your brother both BTC20 for $22? Are you trolling here?

To OP, looks like your holding didn't go well. It's more like being an idiot if anyone will think that bitcoin is not good for long term holding. Trying to create a panic? It's impossible. To create a FUD you need to shake the market.

Did you make fun of him by typing both instead of bought or what mate you both are the same? anyways if holding was what idiots do then

I'm sure Satoshi should be feeling like a moron right now, but hey look at him, has billions of dollars just by holding, I suspect OP has lost some

Money because of the drop in price, but there is no need to panic you idiot just hold and enjoy when we reached $3000 in the coming week.

Auto typing mistake(both). Can happened. Yes 2015 price you said. I have never said what year, I said couple of years ago. I think that year was 2010...

lionheart78

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Well every person have their own perspective and idea when it comes to holding, I would say, I respect their idea and point of view. No need to argue or brag about it especially someone pretending to know it all. I am into a long term holding but would cash out in an instance if the needs arises. And I would have said the opposite of what OP had stated. Most who sold all their bitcoin during the early years are having the huge regrets of their life.

1Referee

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Quote from: spazzdla on June 28, 2017, 08:41:07 AM

Being up 200% in 4 years... I have smashed everyone in the stock market.. soo no I think I am a fucking god.

200% is obviously a very decent return, but in four years time I would have expected you to net more than that, how come? If you are the original creator of your account, you have had enough opportunities to buy a large number of coins below the $300 level back in 2015. If you combined that with some buying low and selling high, you would have made some great profits on top of that.

Supercrypt

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Active traders must be the losers especially with respect to bitcoin markets. There are many common saying like losses also part of trading / no one will be capable of predicting exact high and low then holding long term must be a wise decision. Long term holding eliminates all these problems of usual trading.

Satoshi Nakamotto must be a good example here. He holds his bitcoins from day one of bitcoin ecosystem that is the reason, it is believed his positions must be valuing more than $3 billion.

cryptocratic

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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.

Absolutely agree. I may suppose also that they just repeat what other people say, but don't realize those people bought it for 10-100 $, of cause for them it's just a small correction.

spazzdla

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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.

Being up 200% in 4 years... I have smashed everyone in the stock market.. soo no I think I am a fucking god.

tabnloz

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Quote from: Hyena on June 27, 2017, 02:20:12 AM

OP is prolly trolling. Everyone knows the long game is the winning game.

Think I remember his shitposting from the last bear market.

In general holding is a winning strategy because the market, like OP, is still going through puberty.

I mean, exchanges are still going down during dumps, ETH can't handle ICO load and dumps on 4chan Proof of Vitalik, Bitcoin has been debating scaling for years.

Big ups, big downs, but the bet is that crypto as a whole starts taking market cap from gold, forex etc etc.

Post 2020 halving should be the real deal Wink

Obito

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Quote from: European Central Bank on June 25, 2017, 02:52:04 PM

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.

Indeed, I don't think bitcoin holders are not idoit. Instead I salute those people who are hold their bitcoins for a long because they manage to wait and now they gain a high profit especially on who hold their bitcoin since 2009. Because of their patience they became rich so that don't underestimate the bitcoin holders.

veleten

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if you ask any "long term" bitcoin holder if they thought you were an idiot
I think they would nod or just smile into their bushy,millionaire,well groomed moustache
they are clearly not "idiots",they stuck to what they thought was right and got rewarded for it
not running around the yard-forum like headless chickens after every 10% price movement ,while the homegrown free range analysts
are predicting demise for bitcoin and cryptocurrencies in general every other day

maybe if you become a holder yourself now,in 10 years time,some aspiring newbie will post a topic like that,asking if 2017 holders are idiots

with bitcoin valued at 97.560.00 $ a piece,that is

deisik

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Quote from: freebutcaged on June 27, 2017, 06:04:40 PM

Quote from: agustina2 on June 27, 2017, 04:53:27 PM

Quote from: Kimi80 on June 27, 2017, 04:30:42 PM

My brother both 20 btc for 22 dollars couple of years ago and forget that he got them. Few months ago I talked to him about btc and my activity on this forum and price of bitcoin today. He was shocked, checked his wallet and pleasantly surprised. Now he got little less than 60 thousand dollars. Worked great for him, definitely not an idiot. Me, I am young in this story, equally spending and saving and hope to have some benefits from it in the future.

Couple of years ago? The price high for 2015 was about around $430 and price low was around $215. How is that possible that your brother both BTC20 for $22? Are you trolling here?

To OP, looks like your holding didn't go well. It's more like being an idiot if anyone will think that bitcoin is not good for long term holding. Trying to create a panic? It's impossible. To create a FUD you need to shake the market.

Did you make fun of him by typing both instead of bought or what mate you both are the same? anyways if holding was what idiots do then

It's his evil twin, obviously

Regarding Bitcoin being a deflationary currency as has been mentioned before, technically it is so, but it doesn't mean that its price is set to rise indefinitely. First, with prices rising price volatility is set to rise even faster, up to a point when the price would lose any meaning as a reference point. Further, we should not forget about altcoins, and if Bitcoin rises, they will rise too, and as is the case with volatility, they will rise faster, up to a point where they will start to receive more liquidity than Bitcoin (in absolute terms). In fact, both of these points have already been proven in practice. The bottom line is that Bitcoin price may hit a ceiling one day with the demand for it running dry

Shinpako09

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I never think long time holders are idiots. Maybe they are missing to get a profit by short term trading but we can't blame them if they don't want to take a risk on it. I actually admire them that they can resists not to touch their coins for a long time. And how many of the bitcoiners today can do the same thing, only few. I would do the same if i'm also holding a decent amount of btc.

Yuuto

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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.

I really do think that you are just salty that you didn't get into the bull run beforehand.

Obviously, short term trading is able to generate you more profit, but with that increased profitibility, comes a much larger risk.

Bitcoin is a disinflationary currency, meaning that in the long run, the supply will pretty much stablilize, and price will climb steadily as more people use bitcoin, demand goes up by supply cannot be altered.

If you are a trader, obviously you're going to go with short term to medium term trades. But if you are just an average Joe without the trading experience, then long term holding is a good idea as bitcoin is a store of value.

jvdp

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Quote from: Vishnu.Reang on June 28, 2017, 01:22:57 AM

Quote from: SaShiRaJaVu on June 27, 2017, 02:44:07 PM

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

Long term is for losers.

Hope you have seen the articles of people making millions for the coins they were holding for years,if you have read those articles just google it and read it and understand how they earned their millions by investing just thousands of dollars and then come to a conclusion whether losers are the one holding the assets for a longer time.

I tend to agree. In the early days, a lot of the users were spending their Bitcoins very carelessly. The story about the 50K pizza purchase is very famous. Only a select few decided to save their coins. Almost all of them are millionaires now.

We have no choice to agree this.Why because the cost of bitcoin is keeps on increasing now a days. If u keeps your bit coin for longer. Whose know even u may become a millionaires. Their is a chance to become a millionaires too.No one can judge the price of the bitcoin in future.

Vishnu.Reang

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Quote from: SaShiRaJaVu on June 27, 2017, 02:44:07 PM

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

Long term is for losers.

Hope you have seen the articles of people making millions for the coins they were holding for years,if you have read those articles just google it and read it and understand how they earned their millions by investing just thousands of dollars and then come to a conclusion whether losers are the one holding the assets for a longer time.

I tend to agree. In the early days, a lot of the users were spending their Bitcoins very carelessly. The story about the 50K pizza purchase is very famous. Only a select few decided to save their coins. Almost all of them are millionaires now.

Herbert2020

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Quote from: Barbut on June 28, 2017, 12:34:36 AM

This question have many sarcastic answers, like it should have. Someone can try to trade, someone can try to gamble, some people are earning and saving and there is nothing bad in that, what more this strategy can be very good for the long run, people who save (just to point out that I'm not a saver) are thinking about future, but for 5 - 10 or more years into the future, not like me from today for tomorrow.
Long term holders, or hodlers are not idiots, its their choice and we need to respect it. Everyone have a right to decide what will do with earned bitcoins: spent it, save it, or try to make more from what you have, what ever choice you make its good and there is no discussion about it.

when people make statements like OP they are bound to receive these types of answers too.
and there is always going to be advantages and disadvantages to any method you choose. the comment above you had a good point for example. for trading, you first need a reliable place to trade at and i don't think there is anyone that doesn't know bitcoin exchanges are not reliable at all!

it is not just the risk of them turning into a new Mt Gox but it is all the delays, the downtimes and the bugs they have. bitstamp went down yesterday at the peak of trades, i think a couple of others did too although it was very short. poloniex always goes down when altcoins are dumping....

you see the reliability is not there so you can't really blame people for not wanting to go through all the agony of trading Cheesy

Barbut

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This question have many sarcastic answers, like it should have. Someone can try to trade, someone can try to gamble, some people are earning and saving and there is nothing bad in that, what more this strategy can be very good for the long run, people who save (just to point out that I'm not a saver) are thinking about future, but for 5 - 10 or more years into the future, not like me from today for tomorrow.
Long term holders, or hodlers are not idiots, its their choice and we need to respect it. Everyone have a right to decide what will do with earned bitcoins: spent it, save it, or try to make more from what you have, what ever choice you make its good and there is no discussion about it.

Sniper44

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next time you are trying so hard to connect to an exchange that is down because of DDoS or whatever, and price is falling and you miss selling or when price is rising and you miss buying, at that moment remember this topic and this comment and know that these hodlers who you call idiots are laughing at you Wink

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Quote from: Hyena on June 27, 2017, 02:20:12 AM

OP is prolly trolling. Everyone knows the long game is the winning game.

The long game works on a few selected cryptocurrencies, not all of them. The best example would be Bitcoin. It's the first and the most adopted of them all. Despite it's shortcomings and all the drama going on with it, it's still proven to be the best model to follow as far as success in crypto goes. All these new models being deployed by the new generation of ICO's remains to be unproven. Give them a few years.

john2231

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This is another way to encourage other people to sell their bitcoin just to push the price down and you know op will buy bitcoin for a cheapest price that is why he just encourage other people to sell you are idiot if you sell your bitcoin for low price..
Bitcoin is always experience the same thing many thread made that bitcoin will be die soon or any that can push other people to sell...
The fact that bitcoin is really still alive and strong and the value is really high valued. wait for more month you can see the price increase more..

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