The problem with bagholders... | Bitcointalksearch.org

pooya87

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Quote from: spazzdla on May 26, 2015, 02:50:49 PM

Is when there are too many of them the price doesn't drop past a certian point.

i don't see this as a problem, the fact that baggolders [as you put it] don't dump their coin and keeping it and also accumulating more is a good thing.

besides the too many of them are just holding small bags while the big whales have the big bags and they are currently accumulating for the future rallies.

RodeoX

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Quote from: 1Referee on May 26, 2015, 05:48:51 PM

Quote from: randy8777 on May 26, 2015, 04:30:17 PM

it's not a problem. there isn't a problem. why can't people not just accept that bitcoin won't go up each time just to give you profit. current price is exactly right. no reason to go higher now.

This.

Glad there are people who know how things work. There are a lot people saying "the price is very low". Which isn't true. The price is at a very normal level.

+1
Every minute of every day there is a contest to discover the "price" of a bitcoin. Thousands of people state what they will accept as the lowest price, while thousands state the highest price they will pay. Where they meet is the price. Perhaps not the price you want, but the overall agreed upon valuation.

Torque

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Quote from: spazzdla on May 26, 2015, 02:50:49 PM

Is when there are too many of them the price doesn't drop past a certian point.

This is a silly notion.

Ever wonder during a bubble pop and subsequent downtrend where all the hundreds of thousands of bitcoins are coming from and being dumped continuously on the exchanges? Seems like an endless supply, amiright?

There are whales that bought thousands of coins off exchange. Likewise miners and early adopter traders that hold thousands and continue to accumulate as we speak.

So why don't they continue to dump now? Why not just dump bitcoin into the ground?

1. It wouldn't make the charts look 'attractive', and they need that to 'sell' bitcoin again in the future.
2. They have the luxury of waiting until Bitcoin becomes 'fashionable' again (aka, another future rally).

I'd be WAY more worried in the future about these folks, than a few retail bagholders.

LFC_Bitcoin

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Long term hodler here, we hodl to the death Grin

Well for at least another 5 years, the price is nowhere near attractive enough to sell atm.
Give it another 2 halvings until you even think about selling.
You'll only regret it when we enter another bubble.
Bitcoin is still, no matter what anybody says, in it's infancy, I exoect widespread mainstream adoption to materialise 10 years from now.
HODL at least 5 bitcoin people, it might be the best thing you ever do Wink

Neg

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Quote from: spazzdla on May 26, 2015, 02:50:49 PM

Is when there are too many of them the price doesn't drop past a certian point.

Why is that a bad thing (though it's not really true any way).

Quote from: randy8777 on May 26, 2015, 04:30:17 PM

it's not a problem. there isn't a problem. why can't people not just accept that bitcoin won't go up each time just to give you profit. current price is exactly right. no reason to go higher now.

How do you know what the 'right price' is exactly? I don't mind it being stable and would rather it was than falling that';s for sure, but I think bitcoin is undervalued personally. Especially for the potential it has.

Quote from: EternalWingsofGod on May 26, 2015, 06:34:17 PM

Quote from: Amph on May 26, 2015, 03:27:51 PM

they are also useless to help the price climb in the market, the best are the one that are trading constantly but they have the aim at raising the price by few % each time, without just dumping their coins and buying at a lower price

The best way to retain your Bitcoin wealth is to sell and then buy back at lower prices given the yearly trend
Of course that requires a lot of patience watching your asset and I'm sure some traders have been burned thinking a reversal was incoming only to see the price drop even lower over this year.

I don't think this is the best way. It's actually quite risky. The best way is to just keep your bitcoins safe and hold. the price today will hopefully be smallfry compared to the potential price in the near future.

johnyj

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At current price level, I'm even paying to mine, so it is definitely too low

Today, majority of the hash power comes from those mining infrastructure investments that have already ROIed. But the electricity and cooling cost will rise under summer

If someone want to produce the current generation chips, he will always incur a loss, since his finished hashing power will be competing against similar chips on the network, but those chips have already ROIed and running at a close-to-electricity-cost profit margin, and the life expectancy is at least 2 years

Unless the new chip is 4x more efficient than existing chips, the investment have a high risk of failure

Amph

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Quote from: EternalWingsofGod on May 26, 2015, 06:34:17 PM

Quote from: Amph on May 26, 2015, 03:27:51 PM

they are also useless to help the price climb in the market, the best are the one that are trading constantly but they have the aim at raising the price by few % each time, without just dumping their coins and buying at a lower price

The best way to retain your Bitcoin wealth is to sell and then buy back at lower prices given the yearly trend
Of course that requires a lot of patience watching your asset and I'm sure some traders have been burned thinking a reversal was incoming only to see the price drop even lower over this year.

if those individuals can maintain the price in a certain range, without tanking it then ok, they are healthy for the market, otherwise not so much, the point should be to help the bitcoin price to raise not only helping your portfolio

NorrisK

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Quote from: Chef Ramsay on May 26, 2015, 10:42:45 PM

Confusing the terminology of 'bagholder' and the Bitcoin wealthy is hardly a decent comparison. Bagholder belongs to those that chose to keep fiat and bonds but eschewed the likes of Bitcoin for the future and have accepted the dismal fate that one assumes staying in bullcrap.

The New bagholding: Holding heaps of bitcoins and get rich holding those huge bags for a bit longer!

Fiat_Hodler

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only time will tell. I dont get why people are already locking in their conclusions before this experiment has had a fair go.

How about we observe the present and make conclusions at a future time when we will be able to be more certain about how things have happened.

Chef Ramsay

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Confusing the terminology of 'bagholder' and the Bitcoin wealthy is hardly a decent comparison. Bagholder belongs to those that chose to keep fiat and bonds but eschewed the likes of Bitcoin for the future and have accepted the dismal fate that one assumes staying in bullcrap.

Braino

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Quote from: ?? on ??

So your strategy is buy low sell high? Very insightful and pretty much what I was saying Roll Eyes

Can't go wrong with this strategy. Wink

tss

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hopefully we're all bagholders. some just got in at different prices than others.

Braino

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... is they tend to be butthurt complainers Kiss

Cconvert2G36

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Quote from: spazzdla on May 26, 2015, 02:50:49 PM

Is when there are too many of them the price doesn't drop past a certian point.

This makes zero sense. Bagholding describes a lack of activity, buying or selling. They don't have any effect unless they dollar cost average down by buying, or by selling their bags, neither accurately described by the phrase bagholding.

techgeek

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I dont think there would be any bagholders, since most of the bad events already have happened.

Unless something huge happens like a technical issue within the core itself, or like coinbase shutting down for no reason that effects the community.

EternalWingsofGod

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Quote from: Amph on May 26, 2015, 03:27:51 PM

they are also useless to help the price climb in the market, the best are the one that are trading constantly but they have the aim at raising the price by few % each time, without just dumping their coins and buying at a lower price

The best way to retain your Bitcoin wealth is to sell and then buy back at lower prices given the yearly trend
Of course that requires a lot of patience watching your asset and I'm sure some traders have been burned thinking a reversal was incoming only to see the price drop even lower over this year.

1Referee

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Quote from: randy8777 on May 26, 2015, 04:30:17 PM

it's not a problem. there isn't a problem. why can't people not just accept that bitcoin won't go up each time just to give you profit. current price is exactly right. no reason to go higher now.

This.

Glad there are people who know how things work. There are a lot people saying "the price is very low". Which isn't true. The price is at a very normal level.

mrhelpful

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You`ll drive yourself crazy, if you are looking at the price point daily.

Its valid to see it at that level though, but keep in mind to see it in another view, then just the price point. Like how other countries have too much financial pressure that needs this.

randy8777

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it's not a problem. there isn't a problem. why can't people not just accept that bitcoin won't go up each time just to give you profit. current price is exactly right. no reason to go higher now.

Amph

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they are also useless to help the price climb in the market, the best are the one that are trading constantly but they have the aim at raising the price by few % each time, without just dumping their coins and buying at a lower price

Topic: The problem with bagholders... (Read 1820 times)