HODL'ers lose. That is no surprise | Bitcointalksearch.org

wajik-tempe

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Quote from: wxa7115 on November 06, 2019, 12:14:59 PM

Quote from: RonF on October 27, 2019, 08:33:24 AM

No No No - I bought 250+ bitcoin 4 years ago and using it I bought free and clear a new farmhouse (which I fixed up the way I want using an additional couple hundred thousand dollars), a big imported Amish barn, on 40 acres of land with 10 acres of field and 30 acres of beautiful hardwood forest, a new tractor, new soapstone woodstove, many cords of firewood, tens of thousands of dollars in furniture - the list goes on.

I still have a couple million dollars of BTC .

Hodlers lose? LMAO. Here I am a multi-millionaire because of BTC. Did I lose? You be the judge.

I am glad that you did well RonF but I do not think it is a good idea to reveal your holdings, hackers are always trying to find victims for their scams, in fact I will not be surprised that since you posted this information you received many personal messages asking for loans, give outs, investment opportunities, scam attempts or even threats.

There are many ways to protect our coins and I trust you are already taking the necessary steps to do so but one of the easiest ways to protect yourself is by not advertising the amount of coins you have, or even better never tell anyone what you know about cryptocurrencies.

Cool success story, long time holding is worth when you hold more than 3 years (based on the history) , when you haven't hold that long don't make a speculation yet that we already lose in our investment. Just wait for 2 or 3 years more i'm sure the price would be rising up significantly so it will make profits for the long time holders before

AjithBtc

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This is not about holding, profiting with bitcoin happens upon the study we do on the market. Most of the users here are the one who missed the chance of profiting holding for a long time without understanding the market situation. Maybe if such scenario prevails further we all will benefit good. Hodlers loss when the expectation is beyond the reality.

shield132

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Quote from: RonF on October 27, 2019, 08:33:24 AM

No No No - I bought 250+ bitcoin 4 years ago and using it I bought free and clear a new farmhouse (which I fixed up the way I want using an additional couple hundred thousand dollars), a big imported Amish barn, on 40 acres of land with 10 acres of field and 30 acres of beautiful hardwood forest, a new tractor, new soapstone woodstove, many cords of firewood, tens of thousands of dollars in furniture - the list goes on.

I still have a couple million dollars of BTC .

Hodlers lose? LMAO. Here I am a multi-millionaire because of BTC. Did I lose? You be the judge.

Don't know whether your story is true or not (I mean buying of 250 coin, that's really much) but I agree with you, HODlers never lose, at least from this 11 years experience, we can proudly say that but at the same time I amn't fan of hodling because money mustn't be frozen, it has to be in circulation.

Quote from: wxa7115 on November 06, 2019, 12:14:59 PM

I am glad that you did well RonF but I do not think it is a good idea to reveal your holdings, hackers are always trying to find victims for their scams, in fact I will not be surprised that since you posted this information you received many personal messages asking for loans, give outs, investment opportunities, scam attempts or even threats.

There are many ways to protect our coins and I trust you are already taking the necessary steps to do so but one of the easiest ways to protect yourself is by not advertising the amount of coins you have, or even better never tell anyone what you know about cryptocurrencies.

Then almost entire forum knows that Ognasty was owning a lot of bitcoins, forum's treasure but anything happened? Also escrows own a lot of bitcoins but nothing happens. You'll receive such messages very often whether you really own coin or not. It's ok to state such thing there to my mind + no one knows how true is that information.

wxa7115

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Quote from: RonF on October 27, 2019, 08:33:24 AM

No No No - I bought 250+ bitcoin 4 years ago and using it I bought free and clear a new farmhouse (which I fixed up the way I want using an additional couple hundred thousand dollars), a big imported Amish barn, on 40 acres of land with 10 acres of field and 30 acres of beautiful hardwood forest, a new tractor, new soapstone woodstove, many cords of firewood, tens of thousands of dollars in furniture - the list goes on.

I still have a couple million dollars of BTC .

Hodlers lose? LMAO. Here I am a multi-millionaire because of BTC. Did I lose? You be the judge.

I am glad that you did well RonF but I do not think it is a good idea to reveal your holdings, hackers are always trying to find victims for their scams, in fact I will not be surprised that since you posted this information you received many personal messages asking for loans, give outs, investment opportunities, scam attempts or even threats.

There are many ways to protect our coins and I trust you are already taking the necessary steps to do so but one of the easiest ways to protect yourself is by not advertising the amount of coins you have, or even better never tell anyone what you know about cryptocurrencies.

Meowth05

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Quote from: erickastella on October 16, 2019, 09:50:36 AM

I don't think so, if you have known BTC since you first launched BTC, then you bought it, would you say that? of course not! For example if you buy BTC in 2017 when BTC is famous and touches 18,000 USD and then you hold it until now then you lose money because it lasts too long, basically bitcoin is for long term investment, not short term, if you take short term immediately you sell even if you make a little profit.
~ If you lust then lust will kill you.

You have a point. Perhaps OP doesn't see Bitcoin what was like it before, probably he has only a few experiences in this industry. Way back 2009 bitcoin was priceless but suddenly when 2017 comes there's a big difference occur, from 0-20 USD in instant. This is the prove that Crypto is getting and getting bigger, there might have been some dip for bitcoin but it won't die that easily.
For me, HODL is the most effective way to earn profit yet less risky because all you need to do is to wait till for uptrend comes then sell, to be honest, I prefer to earn this way however this will takes time.

Febo

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Quote from: UnDerDoG81 on October 16, 2019, 07:31:36 AM

I bought @150 and @600 and hodled ever since. Not sure how I lost?

You lost compared to Binance CEO. I read his tweet today . He said he sold house and bought at $600. So similar as you. Then he did not hold but start an exchange with that Bitcoins 2-3 years latter. You gained towards some, and lost toward others.

RonF

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HODL is the key to wealth

Well in August I got for free the same amount of bitcoin cash for every bitcoin I had. The bitcoin cash became worth a couple thousand dollars each - many of which I also sold. Oh yes, I have millions in property, bitcoins and bitcoin cash left.

Bitcoin is destined to become worth far more. Tell me again why you think holders will lose out.

Dabs

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Hey RonF, that's interesting, if you still have a couple million dollars left, that means you bought way more than 250? Or just about 250 and spent 50, still have 200?

Awesome for you man, just take care of it, the usual advice, not your keys, not your coins, and I'm sure you are aware of whatever security measures you need to keep HODLing.

RonF

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HODL is the key to wealth

No No No - I bought 250+ bitcoin 4 years ago and using it I bought free and clear a new farmhouse (which I fixed up the way I want using an additional couple hundred thousand dollars), a big imported Amish barn, on 40 acres of land with 10 acres of field and 30 acres of beautiful hardwood forest, a new tractor, new soapstone woodstove, many cords of firewood, tens of thousands of dollars in furniture - the list goes on.

I still have a couple million dollars of BTC .

Hodlers lose? LMAO. Here I am a multi-millionaire because of BTC. Did I lose? You be the judge.

Ferris419

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Sorry, you are wrong here! Only true believers and real experts believe that Bitcoin's price will recover! It will take a long time though. But I agree with you that this forum was full of experts who always suggested to hodl! I never listened to them, my strategy is very simple. If you need money, don't think twice, just sell your Bitcoin! If you are afraid of dump, just convert your BTC in DAI or USDT and look carefully the market movement to pick the perfect time to convert again in BTC!

Silberman

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Quote from: UnDerDoG81 on October 17, 2019, 05:38:43 AM

Of course I calculated a lot of times that I could have doubled or trippled my coins if I would have sold at the peak and buy back low. But I tried that once back in 2015 and lost one Bitcoin. Sell high buy low. That was the first and the last time I tried to trade.

This is the greatest advantage that holding has over trading, it is very easy to think that if you trade you are going to multiply your coins quite easily but the reality of this market or any market in general is that the majority of traders lose money and this happens most of the time because they cannot control their risk, so holding offers the possibility of multiplying your capital without the need of doing much, this can be very attractive not only for those that cannot trade but also for those that do not really have the time to monitor their coins all the time.

Slow death

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Quote from: erickastella on October 16, 2019, 09:50:36 AM

I don't think so, if you have known BTC since you first launched BTC, then you bought it, would you say that? of course not! For example if you buy BTC in 2017 when BTC is famous and touches 18,000 USD and then you hold it until now then you lose money because it lasts too long, basically bitcoin is for long term investment, not short term, if you take short term immediately you sell even if you make a little profit.
~ If you lust then lust will kill you.

This is a point that people should reflect a lot, if someone bought in 2017 when the price was $18000 and that person keeps hold (note that it will already be 2 years hold and taking big losses) hoping to make high profits, these person risks spending years hold something that is causing losses. The price may be as high as $25000, but for this person who bought for $18000 in 2017, that means he spent two years and made $7000 in profit. What if it arrives in December 2021 and the price is $ 8000? This means that this person who bought bitcoin in 2017 and hold for 3 years will continue with losses. Hold may not always be a good strategy, and you need to know how long to hold? Hold to sell when the price reaches what price?

UnDerDoG81

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Quote from: FlamingFingers on October 17, 2019, 12:38:35 AM

Quote from: UnDerDoG81 on October 16, 2019, 06:28:38 PM

Quote from: FlamingFingers on October 16, 2019, 03:19:13 PM

Quote from: UnDerDoG81 on October 16, 2019, 07:31:36 AM

I bought @150 and @600 and hodled ever since. Not sure how I lost?

Are you trying to say that you bought bitcoin at $150 and $600 per 1 bitcoin and you did not sell at $20k??
Wow! You are truly a Hodler gang, at least I would have taken profit at almost when bitcoin was close to $20k

Yeah I was not giving much shit about money that time to be honest. Afterwards its easy to say "you should have..."

I'm very sure that you will be calculating the amount of money you should have made right now after not selling when bitcoin was at all time high, anyway you are still on huge profit, your holding will definitely pay up, because bitcoin is certainly not done in moving to a new all time high

Of course I calculated a lot of times that I could have doubled or trippled my coins if I would have sold at the peak and buy back low. But I tried that once back in 2015 and lost one Bitcoin. Sell high buy low. That was the first and the last time I tried to trade.

Fredomago

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Quote from: FlamingFingers on October 16, 2019, 03:19:13 PM

Quote from: UnDerDoG81 on October 16, 2019, 07:31:36 AM

I bought @150 and @600 and hodled ever since. Not sure how I lost?

Are you trying to say that you bought bitcoin at $150 and $600 per 1 bitcoin and you did not sell at $20k??
Wow! You are truly a Hodler gang, at least I would have taken profit at almost when bitcoin was close to $20k

That might also be a comparison since the topic is about holding. Though it's also possible for someone to hold until now especially those who are inside back then in his early age of developments.

I admire those people who strongly believe that Bitcoin will go this far and will continue to be progressive. There's always a big future for people that understand the value of long term holding. But in the end it's the users and holders understanding if how they will take the opportunities.

FlamingFingers

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Quote from: UnDerDoG81 on October 16, 2019, 06:28:38 PM

Quote from: FlamingFingers on October 16, 2019, 03:19:13 PM

Quote from: UnDerDoG81 on October 16, 2019, 07:31:36 AM

I bought @150 and @600 and hodled ever since. Not sure how I lost?

Are you trying to say that you bought bitcoin at $150 and $600 per 1 bitcoin and you did not sell at $20k??
Wow! You are truly a Hodler gang, at least I would have taken profit at almost when bitcoin was close to $20k

Yeah I was not giving much shit about money that time to be honest. Afterwards its easy to say "you should have..."

I'm very sure that you will be calculating the amount of money you should have made right now after not selling when bitcoin was at all time high, anyway you are still on huge profit, your holding will definitely pay up, because bitcoin is certainly not done in moving to a new all time high

UnDerDoG81

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Quote from: FlamingFingers on October 16, 2019, 03:19:13 PM

Quote from: UnDerDoG81 on October 16, 2019, 07:31:36 AM

I bought @150 and @600 and hodled ever since. Not sure how I lost?

Are you trying to say that you bought bitcoin at $150 and $600 per 1 bitcoin and you did not sell at $20k??
Wow! You are truly a Hodler gang, at least I would have taken profit at almost when bitcoin was close to $20k

Yeah I was not giving much shit about money that time to be honest. Afterwards its easy to say "you should have..."

shield132

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Old thread but still interesting to discuss. Hodlers lose? Well, to be fair I don't like when people hold because I mention a lot of times: Money has to be in circulation, not stoned or frozen. But let's say truth: Hodling works well for getting great profit on long term. And hodling doesn't mean hold for some months (how can you blame bitcoin so quickly). What about to wait for 1-2 year? If bitcoin won't be able to recover in 2 year, then I would say you were 100% true but at the moment I can't agree with you because according to 10 years experience, hodling works.

FlamingFingers

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Quote from: UnDerDoG81 on October 16, 2019, 07:31:36 AM

I bought @150 and @600 and hodled ever since. Not sure how I lost?

Are you trying to say that you bought bitcoin at $150 and $600 per 1 bitcoin and you did not sell at $20k??
Wow! You are truly a Hodler gang, at least I would have taken profit at almost when bitcoin was close to $20k

Triffin

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Quote from: ?? on ??

i dont think that HODL'ers lose , market do some correction , i hope everyone buy and not sell ,even if it happens that selling is more than buying like these moment for sure there is always who buy bitcoin in the end the loser is seller

That is the real fact that those who lost their hope and sold bitcoin were the loser because if they hold those bitcoin a little bit more time then they would recover their loss but unfortunately they get panic and everybody knows that panic selling is always a loss. In my case I hold my bitcoin in that panic situation so now I have recover my profit because the market is green now again and as usual the holder do not lose.

erickastella

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I don't think so, if you have known BTC since you first launched BTC, then you bought it, would you say that? of course not! For example if you buy BTC in 2017 when BTC is famous and touches 18,000 USD and then you hold it until now then you lose money because it lasts too long, basically bitcoin is for long term investment, not short term, if you take short term immediately you sell even if you make a little profit.
~ If you lust then lust will kill you.

Topic: HODL'ers lose. That is no surprise (Read 3858 times)