Anyone else think "long term" hodlers are idiots? - page 22.

freebutcaged

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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.

agustina2

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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.

BitHodler

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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.

Exactly that. It wasn't that long ago that I have been reading through various articles that were advising to cash out the majority of your holdings as soon as we reach $1000 and higher ~ current price speaks for itself.

Seriously, it's basically like earning money while picking your nose, sleeping, staring out the window, eating. Cheesy

Anyone else who don't agree with this, is either too late, or they hodl an insignificant number of coins.

JimboToronto

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Quote from: deisik on June 27, 2017, 03:39:45 PM

Quote from: JimboToronto on June 27, 2017, 10:46:33 AM

So what is your point exactly?

And what does that have to do with Bitcoin?

My point was that by calling long-term holders idiots, the OP was calling Warren Buffett an idiot.

No, it's not Bitcoin specific. It's true for any asset.

He also was talking about the market shutting down, not the asset itself. The internet or blockchain failing would be the equivalent of a company failing or land sinking into the sea, not merely the market being frozen.

HeRetiK

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Quote from: deisik on June 27, 2017, 03:39:45 PM

Quote from: JimboToronto on June 27, 2017, 10:46:33 AM

So what is your point exactly?

And what does that have to do with Bitcoin? I don't remember that Warren Buffett said anything positive toward Bitcoin, let's be honest here (if I'm not mistaken, he has been one of the biggest critics of the coin). Or do you actually mean to say that Bitcoin is not the asset which anyone would be happy to have if the Bitcoin network went down for 10 years? After 10 years, when the network is back online, people will likely forget about Bitcoin completely, and it will cost next to nothing

I guess what he's trying to say is: Only invest in assets where you strongly believe in the fundamentals, regardless of short to mid-term price swings.

JL421

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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.

Hehe no doubt about that long term holders are the ones who make easy profit without much risks and literally without any work. The people who trade can surely make a lot but it involves lot of risk and sometimes many people lose it all during this process. If you have the time then go with trading otherwise continue trying your luck

Kimi80

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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.

CoinCidental

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Quote from: deisik on June 27, 2017, 03:39:45 PM

Quote from: JimboToronto on June 27, 2017, 10:46:33 AM

So what is your point exactly?

And what does that have to do with Bitcoin? I don't remember that Warren Buffett said anything positive toward Bitcoin, let's be honest here (if I'm not mistaken, he has been one of the biggest critics of the coin). Or do you actually mean to say that Bitcoin is not the asset which anyone would be happy to have if the Bitcoin network went down for 10 years? After 10 years, when the network is back online, people will likely forget about Bitcoin completely, and it will cost next to nothing

WB is the largest shareholder in wells Fargo Bank
How well would that do if it didn't bother opening for 10 years?

deisik

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Quote from: JimboToronto on June 27, 2017, 10:46:33 AM

So what is your point exactly?

And what does that have to do with Bitcoin? I don't remember that Warren Buffett said anything positive toward Bitcoin, let's be honest here (if I'm not mistaken, he has been one of the biggest critics of the coin). Or do you actually mean to say that Bitcoin is not the asset which anyone would be happy to have if the Bitcoin network went down for 10 years? After 10 years, when the network is back online, people will likely forget about Bitcoin completely, and it will cost next to nothing

CARrency

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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.

So many life of people was changed because of the change of bitcoin price in time. Who would've known that this would happen right? And I think that being patient is essential to investors because that is what they needed foremost. If someone will be hasty in something, they will be having times where they can't get a good profit.

SaShiRaJaVu

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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.

JimboToronto

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SimmonenY

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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.

Yeah, after a few comments I thought so too. Or maybe they are just jealous that they don't have balls to hold so they panic sell all the time)

Hyena

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

CoinCidental

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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.

Still have my $3 bitcoins , and a fuckload of cheap eth i bought for like $6 when something was hacked last year
but you keep smoking your resentment pipe son ,its obviously getting you ............somewhere Cheesy

tokeweed

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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.

It really depends on your strategy. If you want to invest for the long term then your only option is Bitcoin and maybe a couple of other cryptocurrencies like LTC and XMR. At least that's what I think that's good for long term storage.

If you want to use this type of strategy then where you enter will really matter a lot. Getting in as a long term holder when everything is over priced would be a stupid proposition, but going in ahead of everyone while a coin is undervalued would pay you more on average than day and swing trading, unless the day/swing trader is a pro. Which in these parts, there's not much of them.

ethereumhunter

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i don't think that they are idiots, i think they are really understand what the meaning of investment. they know and they believe that if they invest their money in something, they should wait for year, two year or more. once they see that their investment is grow then i am sure they will give a big smile and they will told us that "this is what i tell you in a few years ago but you didn't believe me".

Netnox

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I wouldn't consider them as idiots, but it also depends on how long your "long-term" is. Being a digital asset, Bitcoin is not going to last forever. Ultimately, it is going to get replaced with something better. So in my opinion, there is no point in holding your coins for 20 years or 25 years.

ilovefeetsmell

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

Long term is for losers.

Long term does mean you are a loser. It is okay of holding the Bitcoin for a long time but the big question is how you assure that your bitcoins are safe and secured.? Holding and saving your Bitcoin is the best way to earn big. If you think it is an idiot for you, Why are you here then? If you are not believing what a Bitcoin can do for the incoming years, so leave it. Find another way to earn money. Bitcoin helps people for their expenses in life. Called yourself an idiot for not holding bitcoin though.

Real_Person

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"Quietly Making Noise"

I have done a bit of stock trading and balance is the key. When a market is obviously overheated you can sell some gradually and hold at least 25% for the long-term. Then when you buy it all back on a big dip, you have more shares than before. Perfect timing is not possible, but you can be selling (at least some) at the top, and the same for buying at/near the exact bottom.

This is such good advice, I should be asking for tips. In respect of the memory of an old friend:
"Do not pay me, just remember to do something really nice for someone else someday".

Topic: Anyone else think "long term" hodlers are idiots? - page 22. (Read 27268 times)