Your post is misleading. There is not one type of HODLer. There are many different reasons to become a "HODLer".
However, I tend to distinguish two kinds of underlying characteristics for strong HODLers:
a) rational
b) irrational
Irrational is mainly driven by greed and speculation, and is usually fueled by the "hope" that bitcoin valuation will be greater in the future. These people are subject to emotional barriers and run the risk of cashing out at the wrong time.
Rational is mainly driven by wealth creation strategies which are mainly based on risk management strategies. E.g. if you have invested $10k in bitcoin in 2011 and have cashed out $10k by now your "investment risk" is zero. Of course this assumes that you do not count your remaining bitcoin position towards your liquid or cash-based assets. Also there are a lot of "rational" investor strategies which do not result in HODLers - it really depends on your underlying investment philosophy. For an example of a rational HODLing strategy read this post: https://bitcointalksearch.org/topic/sss-a-sane-and-simple-bitcoin-savings-plan-345065
Topic: The psychology of a HODLer - page 5. (Read 5919 times)
Attempting to spread FUD on here at what may turn out to be near the turning point (in the hope of buying in lower) is pretty low.
Never attribute to malice that which can adequately be explained by stupidity.
Don't assume he's intentionally spreading FUD. He might actually believe that nonsense he was spewing.
I imagine most people hold a speculative asset that has consistently risen over the medium term because they expect it to rise over the long term.
We could all be wrong and it may fall to zero. That's called risk. Next silly question.
Attempting to spread FUD on here at what may turn out to be near the turning point (in the hope of buying in lower) is pretty low.
Never attribute to malice that which can adequately be explained by stupidity.
Don't assume he's intentionally spreading FUD. He might actually believe that nonsense he was spewing.
These boards at its finest again. I guess I've seen enough. Such hostility again
. Question is why? What is it? Desperation? Total mania? Tell me. I just can't explain it anymore.
Once their position turns deep into red, they all become "long term investors".Later, they desperately sell their position near the price bottom. It's magic.
Attempting to spread FUD on here at what may turn out to be near the turning point (in the hope of buying in lower) is pretty low.
Never attribute to malice that which can adequately be explained by stupidity.
Don't assume he's intentionally spreading FUD. He might actually believe that nonsense he was spewing.
You posted a load of bollocks on here yesterday, too.
You have sold. Attempting to spread FUD on here at what may turn out to be near the turning point (in the hope of buying in lower) is pretty low.
You have sold. Attempting to spread FUD on here at what may turn out to be near the turning point (in the hope of buying in lower) is pretty low.
Well to be honest, I wont even consider buying back even if Bitcoin hits double digits. This experiment isn't alive among the people and is only being talked about by a select few that are 'convinced' that Satoshi reinvented the wheel.
But to summarize the part that actually dealt with this topic: you believe that people HODL (only) for 'the long run'? Curious.
Do you have any idea about what was the main problem bitcoin had solved as trustless/consensus/cryptology protocol ?
You posted a load of bollocks on here yesterday, too.
You have sold. Attempting to spread FUD on here at what may turn out to be near the turning point (in the hope of buying in lower) is pretty low.
You have sold. Attempting to spread FUD on here at what may turn out to be near the turning point (in the hope of buying in lower) is pretty low.
Well to be honest, I wont even consider buying back even if Bitcoin hits double digits. This experiment isn't alive among the people and is only being talked about by a select few that are 'convinced' that Satoshi reinvented the wheel.
But to summarize the part that actually dealt with this topic: you believe that people HODL (only) for 'the long run'? Curious.
You posted a load of bollocks on here yesterday, too.
Nothing goes straight up. Look at the chart going back further than December 2013 to get an idea why bitcoin aficionado's hope for further returns in the future.
Scarcity coupled with adoption means unless bitcoin fails its price will rise, and likely rise significantly.
Everyone on here knows bitcoin is a high risk investment. Those of us who hold btc as part of a portfolio do so expecting returns over years rather than hours or days.
You have sold. Attempting to spread FUD on here at what may turn out to be near the turning point (in the hope of buying in lower) is pretty low.
Nothing goes straight up. Look at the chart going back further than December 2013 to get an idea why bitcoin aficionado's hope for further returns in the future.
Scarcity coupled with adoption means unless bitcoin fails its price will rise, and likely rise significantly.
Everyone on here knows bitcoin is a high risk investment. Those of us who hold btc as part of a portfolio do so expecting returns over years rather than hours or days.
You have sold. Attempting to spread FUD on here at what may turn out to be near the turning point (in the hope of buying in lower) is pretty low.
First of all: I'm no hodler. I cashed out when things got a bit too scary for my taste. Second of all: I feel bad for everyone that has lost money or is on the verge of losing money. You have my sympathy.
Bitcoin is in a prominent bear market at the moment and the current exchange rate might just be a pitstop on the road downwards. What amazes me however is that so many people, people that can actually read a chart, really feel entitled to another quadruple digit rally. Wait, check that. They are sure it is going to happen. Even amidst the chaos of the last days I can still see people claiming that it will reach 10.000 dollars; some even say it will reach that number in three months already.
What I find so curious is that many HODLers here seem to have a very religious devotion to Bitcoin, despite the serious situation Bitcoin is in. Some seem to be even more devoted to their own religion of Bitcoinism than the pope is committed to the Roman Catholic Church. I believe this to be a very dangerous attitude, given the risks involved. It wouldn't surprise me if quite a few posters on these boards are all in with all their life savings - or have even indebted themselves - and are sure shitting themselves at this moment. It might be a religious, god revering response to look up and say to yourself: 'Everything will be all right, I just know it'. They discard any possibility that some guy will come around with a new, superior protocol in as short as the next few years and just blatantly ignore the fact that Bitcoin is not alive at all among the vast majority of the population. Next to that: they probably have a good feeling that governments will not allow capital to flow unrestricted and out of their scope, but still they ignore it.
Question is why? What is it? Desperation? Total mania? Tell me. I just can't explain it anymore.
Bitcoin is in a prominent bear market at the moment and the current exchange rate might just be a pitstop on the road downwards. What amazes me however is that so many people, people that can actually read a chart, really feel entitled to another quadruple digit rally. Wait, check that. They are sure it is going to happen. Even amidst the chaos of the last days I can still see people claiming that it will reach 10.000 dollars; some even say it will reach that number in three months already.
What I find so curious is that many HODLers here seem to have a very religious devotion to Bitcoin, despite the serious situation Bitcoin is in. Some seem to be even more devoted to their own religion of Bitcoinism than the pope is committed to the Roman Catholic Church. I believe this to be a very dangerous attitude, given the risks involved. It wouldn't surprise me if quite a few posters on these boards are all in with all their life savings - or have even indebted themselves - and are sure shitting themselves at this moment. It might be a religious, god revering response to look up and say to yourself: 'Everything will be all right, I just know it'. They discard any possibility that some guy will come around with a new, superior protocol in as short as the next few years and just blatantly ignore the fact that Bitcoin is not alive at all among the vast majority of the population. Next to that: they probably have a good feeling that governments will not allow capital to flow unrestricted and out of their scope, but still they ignore it.
Question is why? What is it? Desperation? Total mania? Tell me. I just can't explain it anymore.
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