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Topic: Has trading ruined the day for HODLERS? - page 2. (Read 2824 times)

legendary
Activity: 1176
Merit: 1000
November 08, 2014, 07:01:48 AM
#14
The whole point of bitcoin is to squeeze the most fiat and the most profits out of it. Only bag holders and cultists don't seem to understand that.

I don't think you understand bitcoin at all.

No, you don't. But don't listen to me, you just hodl, while others make money at your expense (I'm talking real money, like dollar, euro, pound)

I am guessing you are a young man with few assets. I wish you good luck trading up your holdings.

All I can say to you, wealth is not measured in bitcoin, it is measured in dollar (and other fiat). You're not wealthy how much bitcoins you have, you're wealthy how much dollars they're worth.

So what you are saying is assets can be priced in different currency units? What if one doesn't live in the US?
sr. member
Activity: 1246
Merit: 261
★ Investor | Trader | Promoter
November 08, 2014, 06:54:59 AM
#13
The whole point of bitcoin is to squeeze the most fiat and the most profits out of it. Only bag holders and cultists don't seem to understand that.

I don't think you understand bitcoin at all.

No, you don't. But don't listen to me, you just hodl, while others make money at your expense (I'm talking real money, like dollar, euro, pound)

I am guessing you are a young man with few assets. I wish you good luck trading up your holdings.

All I can say to you, wealth is not measured in bitcoin, it is measured in dollar (and other fiat). You're not wealthy how much bitcoins you have, you're wealthy how much dollars they're worth.
member
Activity: 63
Merit: 10
November 08, 2014, 06:51:32 AM
#12
Those who are in it for the long run do not care about this. I am one of those. Couldn't care less.
legendary
Activity: 1176
Merit: 1000
November 08, 2014, 06:48:53 AM
#11
The whole point of bitcoin is to squeeze the most fiat and the most profits out of it. Only bag holders and cultists don't seem to understand that.

I don't think you understand bitcoin at all.

No, you don't. But don't listen to me, you just hodl, while others make money at your expense (I'm talking real money, like dollar, euro, pound)

I am guessing you are a young man with few assets. I wish you good luck trading up your holdings.
sr. member
Activity: 1246
Merit: 261
★ Investor | Trader | Promoter
November 08, 2014, 06:29:34 AM
#10
The whole point of bitcoin is to squeeze the most fiat and the most profits out of it. Only bag holders and cultists don't seem to understand that.

I don't think you understand bitcoin at all.

No, you don't. But don't listen to me, you just hodl, while others make money at your expense (I'm talking real money, like dollar, euro, pound)
legendary
Activity: 1176
Merit: 1000
November 08, 2014, 06:26:44 AM
#9
The whole point of bitcoin is to squeeze the most fiat and the most profits out of it. Only bag holders and cultists don't seem to understand that.

I don't think you understand bitcoin at all.
sr. member
Activity: 1246
Merit: 261
★ Investor | Trader | Promoter
November 08, 2014, 06:21:39 AM
#8
The whole point of bitcoin is to squeeze the most fiat and the most profits out of it. Only bag holders and cultists don't seem to understand that.
legendary
Activity: 980
Merit: 1040
November 08, 2014, 06:04:46 AM
#7
There are several significant BTC stashes that will be liquidated soon.
The FTC seized and got permission to liquidate iirc something like 25K BTC from butterfly labs. The Australian government is about to auction 9K silkroad coins. There is the strong possibility that Tim Draper will begin cutting some losses on his 30K auction (or is already doing so). So in the short/medium time, I wouldnt be surprised if the price dropped further or at best remained flat.

Doesnt matter to me, Im still hodling. Ive been progressively selling fractions of my stash from $~10 all the way up to ~$1000 and down to $600. Ever since it dropped below that, I stopped selling. If it drops below $200 I will start buying again for the first time in forever, and I wont resume selling before its above $600 and then continue doing so each month until Ive sold half my initial stash. The rest is a long term pension fund Smiley.
legendary
Activity: 1470
Merit: 1007
November 08, 2014, 05:39:26 AM
#6
*shrug* Hodlers gonna hodl. So long as the coin isn't needed for life expenses, it doesn't really matter how long it takes the hodl to fodl; it's in a (mental) vault. Traders are short-term and I assume they more-or-less balance each other out, where their influence is really more in creating stability than manipulating any long-term trends (unless there's a significant number with large stakes about to be burned).

Came here to write a long essay on how OP suffers from a misunderstanding of what 'trading' vs. 'holding' does, but looks like you already answered it better than I could have.

Here's my own version of a similar argument anyway:

Traders don't fundamentally change anything. They add a bit of volatility at the beginning of a trend (momentum following), they take a bit of it away at the other end (mean reversion), and first and foremost, they add a modicum of second-level predictability to the market by preying on the first-level predictability of the 'purely intuitive' market participants.

None of that changes the larger fundamental question every market faces: is buying pressure dominating, or selling pressure?

For the past year, it was the latter, and that can't be the fault of traders - they, like anyone else, can only sell a coin they own once before buying it back again.
hero member
Activity: 560
Merit: 500
November 07, 2014, 11:02:06 PM
#5
HODL'ers haven't realized their capital gains/losses by definition. Traders are playing in their own zero sum game with each other. So neither group has won or lost, nor do they need to at each other's expense. The losers are the ones who are neither - i.e. those that exited with a realized loss.
sr. member
Activity: 756
Merit: 250
Infleum
November 07, 2014, 10:34:36 PM
#4
Traders gonna trade hodlers gonna hodl. I like this explanation. Sooner or later bitcoin is going to explode again or die. There's no other outcome.
donator
Activity: 1218
Merit: 1015
November 07, 2014, 09:51:40 PM
#3
*shrug* Hodlers gonna hodl. So long as the coin isn't needed for life expenses, it doesn't really matter how long it takes the hodl to fodl; it's in a (mental) vault. Traders are short-term and I assume they more-or-less balance each other out, where their influence is really more in creating stability than manipulating any long-term trends (unless there's a significant number with large stakes about to be burned).
legendary
Activity: 1414
Merit: 1000
HODL OR DIE
November 07, 2014, 09:43:54 PM
#2
There were traders aplenty at all price points above $1. THere were serious shenanigans going on when the price was $3-$15. I remember when it broke $5 the manipulator (aka the trader with the most money) probably got slaughtered.
sr. member
Activity: 533
Merit: 251
November 07, 2014, 09:38:34 PM
#1
Clearly traders are taking out a chunk whenever possible out of Bitcoin's rise in price. Here is some news about bots trading its pants off automatically:

http://www.coindesk.com/stopcoin-turns-coinbase-account-automated-trading-bot/

Given the dramatic rise in price end of last year, traders rolled into the game and have been chopping off peaks as soon as they can, keeping the HODLERS from making any headway!

Hopefully the economic recovery may draw traders away and leave Bitcoin to a steady rise.
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