Topic: [FUD] ANYONE HODLING? (Read 1416 times)
I'm holding. Sold some at $1000 and now I'm sitting back and watching bitcoin do its crazy thing.
perhaps HODLERS are beginning to feel the FUD creep in and need this thread to comfort each other and spam "to da mooon"
If most bitcoiners did day trading, bitcoin swings would be insane. Hodlers keep the price somewhat in check.
I disagree. I am a holder and sometimes I see the exchange rate increasing too far, too fast (even for Bitcoin). If there was an exchange I could trust, I would be able to decrease volatility by selling some coins when this happens, knowing there will be a violent correction some time in the future. Then when the violent correction occurs, I could repurchase my bitcoins helping reduce the violence of the correction. I would earn additional bitcoins by providing this service (volatility reduction).
It seems the "herd" likes to follow others and buy like madmen when the exchange rate is going up, and sell like scared children when the exchange rate is going down. Playing against the herd is how you make money, I don't care how many people say, "The trend is your friend".
Unfortunately I don't trust any exchanges, and by holding I add to the volatility of Bitcoin by not being able to act when things get out of control (in either direction).
TL;DR: Holders do not add liquidity, which is needed to help reduce volatility.
Edit: Oh, regarding the OP: Yes, I'm holding. The current situation is annoying, but it doesn't break Bitcoin. Sorry for those trolls who keep saying it does.
Very insightful. And the conclusion that unconditional holding ultimately *adds* to volatility is (sorry if that sounds condescending, it isn't meant like that) especially remarkable since you're a "holder" yourself.
That "spike" beginning on dec 19 till now is a HUGE bulltrap!
Never reached a ATH. A very loooong dead cat bounce.
Never reached a ATH. A very loooong dead cat bounce.
Hodling fiat since I sold @ 1050$
Waiting for cheap coins. Just watch 2, 4, 6h charts. We will go down 100-250$ more (without spikes). Spikes could go as low as 250-300$.
Waiting for cheap coins. Just watch 2, 4, 6h charts. We will go down 100-250$ more (without spikes). Spikes could go as low as 250-300$.
Finally, someone here with a brain.
I am.
Hodling fiat since I sold @ 1050$
Waiting for cheap coins. Just watch 2, 4, 6h charts. We will go down 100-250$ more (without spikes). Spikes could go as low as 250-300$.
Btw: I sold on dec 5. Bought back partially (all coins under 600$)
At every new level down, I add about 5% of my funds to my hodl allocation in codl storage and cryptsy, in case that is the bottom, and I don't touch it. I am up to 25% now. Does this count as hodling?
MAXIMUM HODL
At every new level down, I add about 5% of my funds to my hodl allocation in codl storage and cryptsy, in case that is the bottom, and I don't touch it. I am up to 25% now. Does this count as hodling?
Always sodl shotr, never hodl!
I am hodling. I have not sodl. I try to be bodl. My bitcoins are in a codl wallet. I will not fodl. I treat mine like godl. So now you've been todl.
I disagree. I am a holder and sometimes I see the exchange rate increasing too far, too fast (even for Bitcoin). If there was an exchange I could trust, I would be able to decrease volatility by selling some coins when this happens, knowing there will be a violent correction some time in the future. Then when the violent correction occurs, I could repurchase my bitcoins helping reduce the violence of the correction. I would earn additional bitcoins by providing this service (volatility reduction).
It seems the "herd" likes to follow others and buy like madmen when the exchange rate is going up, and sell like scared children when the exchange rate is going down. Playing against the herd is how you make money, I don't care how many people say, "The trend is your friend".
Unfortunately I don't trust any exchanges, and by holding I add to the volatility of Bitcoin by not being able to act when things get out of control (in either direction).
TL;DR: Holders do not add liquidity, which is needed to help reduce volatility.
Edit: Oh, regarding the OP: Yes, I'm holding. The current situation is annoying, but it doesn't break Bitcoin. Sorry for those trolls who keep saying it does.
It seems the "herd" likes to follow others and buy like madmen when the exchange rate is going up, and sell like scared children when the exchange rate is going down. Playing against the herd is how you make money, I don't care how many people say, "The trend is your friend".
Unfortunately I don't trust any exchanges, and by holding I add to the volatility of Bitcoin by not being able to act when things get out of control (in either direction).
TL;DR: Holders do not add liquidity, which is needed to help reduce volatility.
Edit: Oh, regarding the OP: Yes, I'm holding. The current situation is annoying, but it doesn't break Bitcoin. Sorry for those trolls who keep saying it does.
I was thinking more of the current downtrend situation. Hodlers act as bitcoin's plunge protection team. Imagine if all those twitchy/weak handed r/Bitcoin users traded often.. it would be insane.
What fud? What happened now?
I don't know where I'd sell, lol.
Gox, so I never get my fiat and have to sell at a huge discount?
Coinbase where if the price tanks they'll cancel my sell and claim its high risk, so its as good as not selling anyway?
btc-e where they completely trolled me yesterday and wouldn't let me trade/withdraw or even chat for 4 hours for no adequately explained reason?
About the only option left is bitstamp, but unfortunately I'm not verified there. If i need to sell I guess I'll just short with 1/10th of my BTC position at btc.sx and eat the interest, the crash will be over in probably no more than 3 more days anyway.
Gox, so I never get my fiat and have to sell at a huge discount?
Coinbase where if the price tanks they'll cancel my sell and claim its high risk, so its as good as not selling anyway?
btc-e where they completely trolled me yesterday and wouldn't let me trade/withdraw or even chat for 4 hours for no adequately explained reason?
About the only option left is bitstamp, but unfortunately I'm not verified there. If i need to sell I guess I'll just short with 1/10th of my BTC position at btc.sx and eat the interest, the crash will be over in probably no more than 3 more days anyway.
You could try BitSimple (forum user DeathandTaxes' business). BitSimple will get a cut for making your life easy, but they will make your life easy.
I don't know where I'd sell, lol.
Gox, so I never get my fiat and have to sell at a huge discount?
Coinbase where if the price tanks they'll cancel my sell and claim its high risk, so its as good as not selling anyway?
btc-e where they completely trolled me yesterday and wouldn't let me trade/withdraw or even chat for 4 hours for no adequately explained reason?
About the only option left is bitstamp, but unfortunately I'm not verified there. If i need to sell I guess I'll just short with 1/10th of my BTC position at btc.sx and eat the interest, the crash will be over in probably no more than 3 more days anyway. But Im not sure I trust them entirely, I think they might have BTC in gox.
So basically I'm "panic holding" or more accurately "panic withdrawing."
Gox, so I never get my fiat and have to sell at a huge discount?
Coinbase where if the price tanks they'll cancel my sell and claim its high risk, so its as good as not selling anyway?
btc-e where they completely trolled me yesterday and wouldn't let me trade/withdraw or even chat for 4 hours for no adequately explained reason?
About the only option left is bitstamp, but unfortunately I'm not verified there. If i need to sell I guess I'll just short with 1/10th of my BTC position at btc.sx and eat the interest, the crash will be over in probably no more than 3 more days anyway. But Im not sure I trust them entirely, I think they might have BTC in gox.
So basically I'm "panic holding" or more accurately "panic withdrawing."
perhaps HODLERS are beginning to feel the FUD creep in and need this thread to comfort each other and spam "to da mooon"
If most bitcoiners did day trading, bitcoin swings would be insane. Hodlers keep the price somewhat in check.
I disagree. I am a holder and sometimes I see the exchange rate increasing too far, too fast (even for Bitcoin). If there was an exchange I could trust, I would be able to decrease volatility by selling some coins when this happens, knowing there will be a violent correction some time in the future. Then when the violent correction occurs, I could repurchase my bitcoins helping reduce the violence of the correction. I would earn additional bitcoins by providing this service (volatility reduction).
It seems the "herd" likes to follow others and buy like madmen when the exchange rate is going up, and sell like scared children when the exchange rate is going down. Playing against the herd is how you make money, I don't care how many people say, "The trend is your friend".
Unfortunately I don't trust any exchanges, and by holding I add to the volatility of Bitcoin by not being able to act when things get out of control (in either direction).
TL;DR: Holders do not add liquidity, which is needed to help reduce volatility.
Edit: Oh, regarding the OP: Yes, I'm holding. The current situation is annoying, but it doesn't break Bitcoin. Sorry for those trolls who keep saying it does.
perhaps HODLERS are beginning to feel the FUD creep in and need this thread to comfort each other and spam "to da mooon"
If most bitcoiners did day trading, bitcoin price swings would be insane. Hodlers keep the price somewhat in check.
I think we're only one more "bad news" event away from full on panic, even amongst the HODLers. People are going to break out the shovels soon to frantically dig up their paper wallets from the backyard hiding places. We're really going to be tested soon in ways we've never seen before.
im hodling thru fud and shitstorms
perhaps HODLERS are beginning to feel the FUD creep in and need this thread to comfort each other and spam "to da mooon"
If most bitcoiners did day trading, bitcoin price swings would be insane. Hodlers keep the price somewhat in check.
sold 7.51, this is the end 
perhaps HODLERS are beginning to feel the FUD creep in and need this thread to comfort each other and spam "to da mooon"
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