...
So to anyone who bought over $1000 and held all the way to the bottom $150-ish, congratulations. And to anyone who bought all the way down to $150-ish, congratulations. If you continue to hodl, you will likely be well rewarded in due time. To anyone who feels the need to insult someone who hodl'ed all the way down, you are an idiot
There is nothing wrong with holding as an investment. After all, I have a cold storage. The difference is, holding an investment that is green and one that is in the red.. or very red. The cult-like attitude around here is what Bitcoins' downfall will be. There you go! You've ruined it. Thanks!
No one is insulting anyone except you. Did I call anyone an "idiot"? No, that was you, bro! I would never insult someone for a bad investment in either direction. I've made some, and it sucks. Why rub someones face in it? I asked a simple question as a rebuttal to someone who is setting up an obvious "lol @ bears" thread. That's not insulting? Likely just another double standard here...
Asking a very obvious bull (and likely a HODLR) the following question, "Are you one of those that bought above $1000? Did you hold all the way down?" clearly wasn't you trying to insult anyone was it?
And as an additional counter to, "The difference is, holding an investment that is green and one that is in the red.. or very red"
Bitcoin has been known to turn very very green in the blink of an eye. So your attempt at what appears to be investment advice = poop in the grand scheme of things.
Nobody knows with absolute certainty when bitcoin will turn green or red. HODLRS, however, can HODL and not look at the price for 4-5 years, and then come back and laugh at people who tried to trade the swings and lost. Ryan, if you happen to be a pro trader who is successful at calling the swings, then congratulations. *pats you on the back* But please don't go around asking derogatory and rhetorical questions like, "Are you one of those that bought above $1000? Did you hold all the way down?" if you don't like being called out for it.
Ehem... I guess I... Let me put it this way;
OP says, "Bears R dum, see how it feels to buy high". So I just asked to see if he was hurt like that in the past. Simple! No name calling or busting his balls. Just a question. Why is it ok for holders to laugh at the misfortune of others?
The "advice" wasn't meant as advice. Only that anyone who buys as an investment needs a plan. "Hold to the bottom" isn't what I would call a plan. If that's yours, or anyone else's "plan" then I guess I retract, but preservation of capital should be number 1 on any investors plan. Even if that capital is Bitcoin. If you set a stop at 20% max loss when the market can continue on a down trend for a year or more, you could have more BTC now. Even if that means buying back higher and having a little less, at least you buy back when it's trending up rather than the belief that it can't fall below X, and all the while, your worth doesn't change drastically. That is the mentality that traps shorter term investors as long term investors. I'm not telling anyone to daytrade. That is a decision that the individual must make. Just have a better plan than "riches for all!" or "Down with the ship" as the only exit strategies.
/OT Good day!
Ehem...ehemmmmmm... AHEMM. Excuse me. I had to clear my throat.
Surely your "question" didn't intend to be condescending to the OP.
OK, sure dude. Seem legit ;-)Likewise, it's not so clear why you would declare, "no one is insulting anyone except you." In my initial response, all I said was,
"To anyone who feels the need to insult someone who hodl'ed all the way down, you are an idiot"So, if you weren't insulting anyone, as you claim, then I obviously wasn't speaking to you was I?? Further more, if anyone is insulted by what I said, then they must have been insulting someone to begin with since I clearly stated,
"To anyone who feels the need to insult someone who hodl'ed all the way down..." The phrase, "Turnabout is fair play" comes to mind for some reason... ahhh but I digress.
The plan? You want to know what a HODLR's plan is? It's very complicated but I'll try to break it down for you.
HOLD. WAIT. TRICKLE SELL INTO SEVERAL BULL CYCLES. DON'T PARTICIPATE IN SHORT TERM MARKET MANIPULATION GAMES THAT YOU DON'T UNDERSTAND. DON'T SHOW YOUR HAND WITH TRADE AUTOMATION THAT YOU DON'T FULLY UNDERSTAND OR THAT COULD BE VISIBLE TO INSIDER WHALES WHO COULD POTENTIALLY TRADE AGAINST IT. ENJOY RICHES FOR LONG TERM. Bitcoin has to grow by something like a factor of 10 times before it matches PayPal's transaction volume. Hodlr Exit Strategy? Start selling small portions when Bitcoin approaches at least a large fraction of the volume from a company like PayPal. Then sell some more into the next rally. Then enjoy the success from longterm Hodling.