Topic: Hodlers are unscrupulous parasites. Here's why (Read 1509 times)

Your point is valid in some way but I dont think saying parasites to the hodlers is justifiable as everyone cannot do trading (may be due to lack of knowledge of TA or time constraints or some other reasons) so they want to be part of this space (for the sake of money may be not the tech behind it and to be frank most of the people here are for money if it was not like that then we would not have been seeing bitcoin at this level).

And for the buying with bitcoin part let me tell you bitcoin is not yet globally traded as currency for everyone to use it as an alternative of fiat currency to buy the necessities.

what the OP is talking about is not HODLers.. but fiat investors.

HODLers hold and want to keep bitcoin.. HODLers can even spend bitcoin. but they then get more bitcoin because they want to stay with bitcoin as their main currency.. what they have as their assets is majority bitcoin and not much fiat. and they dont wish to hold fiat..

but those only looking for a great time to exit bitcoin and be fiat rich are not HODLers

i think insulting HODLers is wrong. call what your describing by its real term and insult them.. FIAT LOVERS

Basically, they are expecting that the price will grow as they sit idly on their hands. But this growth is not possible without other people actively using bitcoin, paying with it and selling for it - all those people who help create real value of bitcoin. And I know what hodlers are going to say in reply. That they diminish the supply and thus also contribute to this growth.

Everyone who is holding the bitcoin is just to make profits but they can make profits in terms of buying the products directly that is what they are supposed to do when they converted into fiat so if they have option of buying their needs with bitcoin they no need to other options like fiat.But still the process may take much longer and lots of people will sell their coins in the middle to buy the things what they wanted and it will make the adoption much slower even but they are not going to stop the adoption.

You obviously see only one end of the stick or one side of the coin. Holding and hodlers as such wouldn't be a problem (strictly speaking, they still would be but for other reasons) if they never sold their coins. You evidently assume that they buy a bunch of coins and are never going to part with them. This is not the case. Well, some of them, especially early adopters and true believers are in fact waiting for a second coming (of Satoshi Nakamoto, let me guess) when they will be able to exchange their coins directly for real goods.

But this is not the case with the total majority of hodlers, which are ultimately going to sell their stashes for fiat as they hope to book handsome profits one day. And this part of the picture is the one you are so innocently missing as when they sell they sell it hard.

Don't you think hodlers are the most useful type on the market? They do not allow the price to fall even lower. Yes, they do not participate in the development of bitcoin, but they do not allow the price to fall even lower.

You do realize that Bitcoin is not exactly stable and is prone to extreme fluctuations, don't you? This is not exactly the ideal payment method at the moment which is why the volatility needs to go down over time so that Bitcoin is treated as an ideal payment method.

Parasites derive sustenance at the host's expense. That doesn't really work in this case. Hodlers aren't hurting anyone. They seem more like free riders to me, since they benefit from common usage and transaction liquidity but they don't contribute to it. If everyone were a hodler (so no one was using BTC, only hoarding it), BTC would have no value. A network needs usage and liquidity in order to be useful for anything.

So, I agree with the sentiment here but if you think about it, they're just being rational. If you're not going to use BTC (for example, as a medium of exchange), but you think its price will rise, should you buy it or not?

First of all, they can't in any way contribute to real growth which is caused by genuine adoption. All they do is add up to volatility. Second, if their words were true, that would mean that more holding would lead to higher prices. In real life though, it means that a coin (in this case bitcoin) will get abandoned and lose all its value eventually.

Therefore, if we are to bravely face the harsh and unpleasant truth and call things their real names, these people who proudly call themselves hodlers are in fact hoping to get something out of nothing, to get a share of the common pie when they themselves didn't bring anything to the table in the first place. Sounds familiar? So who are they if not parasites?

Broadly speaking, we all are unscrupulous parasites in one way or another as we are ruthlessly exploiting nature without thinking twice what we leave behind us unless it starts to backfire (like with global warming, pollution, etc). But in this case we are all in the same boat, so it doesn't really matter who is to blame and who is to be blamed.

But this is different with the so-called hodlers. By these I don't mean early adopters who wait paiently until they can spend their coins directly without fiat. I mean those who bought bitcoins (or some other coins) and hope to sell them at hefty profits later when bitcoin gets universal recognition and adoption. So why are they parasites? The answer is simple.

Basically, they are expecting that the price will grow as they sit idly on their hands. But this growth is not possible without other people actively using bitcoin, paying with it and selling for it - all those people who help create real value of bitcoin. And I know what hodlers are going to say in reply. That they diminish the supply and thus also contribute to this growth.

But this is a lame excuse. First of all, they can't in any way contribute to real growth which is caused by genuine adoption. All they do is add up to volatility. Second, if their words were true, that would mean that more holding would lead to higher prices. In real life though, it means that a coin (in this case bitcoin) will get abandoned and lose all its value eventually.

Therefore, if we are to bravely face the harsh and unpleasant truth and call things their real names, these people who proudly call themselves hodlers are in fact hoping to get something out of nothing, to get a share of the common pie when they themselves didn't bring anything to the table in the first place. Sounds familiar? So who are they if not parasites?