Topic: People keep saying HODL but are they really hodling? - page 2. (Read 425 times)
Some may not be holding but there are also others that are holding their coins for some time now. The current price drop basically are because these whales are playing with the market, so for newbies who barely does not know how the market works and sees bitcoins price going down some can not control their emotions and would panic then would sell their holdings thus pulling the price down even more.
i don't know what market capitalization has anything to do with anything directly that you keep repeating it but the thing about people is that those who know what to do, usually never keep announcing it. if they wanted to sell they would have done it a while back at a much higher price and those who don't want to do that simply won't and keep holding.
it is the panic sellers who are always most vocal and panic sell into pockets of the whales and they always do it way too late when price is already lower than the price they should have sold.
it is the panic sellers who are always most vocal and panic sell into pockets of the whales and they always do it way too late when price is already lower than the price they should have sold.
I think those who say that you should just hold your coins are long term investors who believe that coin will grow more in the future. but nowadays people prefer to do short term trade or investment because it is also a good way to avoid losses whenever there is a crash or price correction happening and you can always buy the dips.
i think their motivation behind "don't sell, hodl" is to warn people for excessive loss. even if bitcoin falls sharply time to time, it can rise again much stronger. but this can take time of course. if you need cash or if you believe you will more loss if you don't cash out, so you can think about to leave.
I agree with this but not entirely. I could say that the term hodl is for people to avoid ANY loss on btc investments (not an excessive one) due to quick dips/corrections.
If you strongly believe that bitcoin will rise up again, then there is no reason to panic sell. You have nothing to lose if you'll just be patient. FUD > HOLD
If the overall marketcap is decreasing then it's not just bitcoin they're selling. We can't blame them if they want to sell their investment, people always change their decision they can come and go whenever they want. Experiencing some losses is just the part of the process. Last year almost all coins had too much ups now it's beginning to balance things out.
The people who are selling are not the people who say HODL
They could if they can't afford to lose everything from their investments. It's always easy to say hold.
Usually these people who are keep saying to hodl and dont panic are a long term hodler (just like me) who dont care of the dips/corrections happening currently. Weak investors cant stand to see the value opposite of what they expected it to be so they want to get back their capital and wait until the price recover again thats usually their mindset. I can comprehend with their acts because we cant coerce them to hodl if they dont want to its their choice by the way.
The people who are selling are not the people who say HODL
True, some people simply like to take out their profits or loses and theres nothing much we can do about it. I am holding my coins, not because I expect to be rich in future but because I believe in crypto being able to replace fiat by merchants starting to accept it as a currency, heck I even use to buy some services online because I can with it. Holding is like doing nothing productive, if you want to hold then simply buy some coins put them in paper wallet and come back to check price in few years - this is real holding, not like people today "I am gona hold" next thing he sees is crypto crashing he is looking for a way to exchange back to fiat....
I think not because if they hodling you won't see this correction/dip/crash(whatever you want to call it) many people are getting out of the boat because if not overall marketcap will stay the same even if they move from coin to coin to profit but instead marketcap is decreasing which tells me that people are actually cashing out.
That's how to manipulate all prices, so as not to get too much dump, and keep a good price to play the price, and share the benefits to everyone.
The people who are selling are not the people who say HODL
I think not because if they hodling you won't see this correction/dip/crash(whatever you want to call it) many people are getting out of the boat because if not overall marketcap will stay the same even if they move from coin to coin to profit but instead marketcap is decreasing which tells me that people are actually cashing out.
I think it's rather funny reading you should hold to keep the prices up and I will cash out.
Let them, bitcoin is created to control our own money. If they wanted to cash their money then decisions are up to them.
I just do not want reading those who are saying How can I earn more. It's like they earn and cashout for monetary means.
I salute those who HODL HODL HODL .
People who frequently say "HODL" or express their determination on here and Reddit are only a small fraction of people who hold Bitcoin.
A lot of the people who do that have been holding since a much lower price and are not particularly afraid of the recent fall in price. Those that aren't are often deeply immersed in their echo chamber and I suspect that most of them are not selling.
You would be correct in suggesting that saying "HODL" a lot will not prevent the price from fluctuating, but I don't think that the majority of these people are being dishonest.
A lot of the people who do that have been holding since a much lower price and are not particularly afraid of the recent fall in price. Those that aren't are often deeply immersed in their echo chamber and I suspect that most of them are not selling.
You would be correct in suggesting that saying "HODL" a lot will not prevent the price from fluctuating, but I don't think that the majority of these people are being dishonest.
i think their motivation behind "don't sell, hodl" is to warn people for excessive loss. even if bitcoin falls sharply time to time, it can rise again much stronger. but this can take time of course. if you need cash or if you believe you will more loss if you don't cash out, so you can think about to leave.
I think not because if they hodling you won't see this correction/dip/crash(whatever you want to call it) many people are getting out of the boat because if not overall marketcap will stay the same even if they move from coin to coin to profit but instead marketcap is decreasing which tells me that people are actually cashing out.
You have to take into account that many long-term investors (= people, who HODL) don´t have
their coins on exchanges, but rather store them in hardware wallets, other cold wallet solutions
or even with a custodial service for institutional investors. Therefore their holdings aren´t really
influencing the day-to-day price development except by the fact that they aren´t really traded
and therefore artificially reduce the liquidity on the exchanges.
In general the amount of Bitcoins that is traded on the exchanges is a fraction of the total outstanding
BTC supply. Besides, the volume numbers on these exchanges are highly misleading for newbies,
because the same coins are being traded over and over again (bots, arbitrage, ...). In order to
illustrate that point you could take a look at a random Bitcoin exchange of your choice. E.g. Bitfinex had
a trading volume of 1,588,052.80 BTC at the BTC/USD trading pair in the last 30 days. However, the total
balance of the Bitfinex cold wallet hasn´t exceeded 145,000 BTC during that timeframe. This isn´t even
10 % of the traded amount. Additionally, some exchanges offer trading on margin, which distorts
the volume statistics even more.
I´d argue that you can´t really draw conclusions on the behavior of long-term investors / HODLers
by viewing the short-term price development.
I think not because if they hodling you won't see this correction/dip/crash(whatever you want to call it) many people are getting out of the boat because if not overall marketcap will stay the same even if they move from coin to coin to profit but instead marketcap is decreasing which tells me that people are actually cashing out.
Holding is for long time. If some people are cashing out it is in their right to do so as in the bitcoin ecosystem the user has 100% freedom in deciding what's best for him.
The crash is a standard happening in the bitcoin ecosystem too, and the true winners are people who are not afraid of crashes and still hold their bitcoins. When price of bitcoin will reach new highs during this year or the next one as many do predict those people will be some happy people for sure.
I think not because if they hodling you won't see this correction/dip/crash(whatever you want to call it) many people are getting out of the boat because if not overall marketcap will stay the same even if they move from coin to coin to profit but instead marketcap is decreasing which tells me that people are actually cashing out.
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