Why Some People think that long term Bitcoin holding is a dumb idea?

Viscore

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Quote from: pooya87 on October 06, 2022, 03:45:05 AM

I honestly have not seen anybody who actually thinks holding bitcoin in long term is a bad idea! There are definitely a lot of idiots who spread FUD but even those people don't think that since they are buying bitcoin themselves, specially in the dips.
13 years of going up and more up has proven that.

It will always be an individual’s choice whether you’re up for bitcoin long term hodling or not. If you are not in a rush to make profits, then always go for bitcoin long term hodling as it’s proven already that it’s value will always grow and develop in time. No one gets rich from short term hodling, but you can reap huge profits and become even a millionaire if you stay patient holding your bitcoin for years. Just trust the process.

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Quote from: fennic on October 06, 2022, 02:55:01 AM

I saw some people saying that long term holders are dumb because they keep holding on the losses and this is a stupid meme. But i don't agree with that, since we believe btc will grow even more. What do you think?
In my opinion that Both short term and long term have their own advantages and disadvantages. With long term, you may get bigger reward without taking much hassle. On the other hand, with short term, you have to follow a lot of things.
Long term investments are sometimes risky in case of cryptocurrency space, you know a lot of altcoin have disappear and it's possible that your holding will not be existed someday. On the other hand, short term investors can move anywhere since they are updated with the market.
I personally prefer long term holding but of course only the top ranked coin.

Still not got any merit, just kidding 😂

Just let those people on what are their views and beliefs about bitcoin or crypto as a whole.If they do think that holding is a dumb idea then just let them be.There are people who do really stick out into their plans

to achieve their goals.Its none of our business on how they would really be gonna spending up their money.Some do make out short term decisions and some do really tend to hold for long.

Market is totally unpredictable, there's no way that you could really able to know on where it would be going.If you do hold and invest on the money which you can afford to lose then you wouldnt
really make yourself easily freaked out even if you do see it on negative.

Finestream

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Quote from: crwth on October 06, 2022, 03:01:08 AM

People who say something like that only look at a small part of the whole picture. They probably think they can time the market with all the opportunities it gives, and just dollar cost averaging bitcoin is a bad idea. That is just a short-term mindset; we need to be looking forward.

If the holders had sold their positions, they wouldn’t have probably been where they are now, enjoying the fruits of holding it.

To make it easier, just do what you want, believe in, and don't care about what other people say.

If you have the faith in bitcoin, you don’t have to doubt about long term hodling. Bitcoin is for long term hodling since it will always grow overtime, and you know its value will always increase every year. However, if there are chances to make profits even at a short term hodling, then do sell, but if you aim for higher profits, then go for long term hodling as its value never fail to increase every year.

len01

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some people choose short term investments for the daily profit they may always get. but on the other hand, short-term investment has a weakness in ourselves which will always panic and worry when the price dump when we can't control our emotions.
but if you invest long term and choose the right coin like bitcoin, you will surely get big profits in the future regardless of the market situation whatever happens.
but if long-term investment in coins that are not right on altcoins, surely there will be no profit in the future, only losses will remain

ethereumhunter

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Holding bitcoin for the long term is a good idea because looking at the history of bitcoin's journey, its price will start to increase and it will reach its next high. So if people still hold their bitcoins today and continue to buy while the price has not increased, they will have a chance to make huge profits in the future.

But some people use this moment to buy and sell and make a profit. Indeed, it will be risky because whatever decision we take will have an impact on the results we will receive later. So for those who think holding bitcoins for the long term is stupid, they will regret saying it because later on, there will be people laughing happily at the profits they make.

piebeyb

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usually small traders prefer to play with short term trades to look for quick profits but usually it tends to be more risky because they have to control emotions in trading all the time, but if they are big traders put their money it's easier and don't have to control emotions and think your money is safely stored in your wallet, even though the price is going down of course this is a very important moment to buy it cheap and people who tend to invest long term calmer also get big profits, check the wallet in the next 3 to 4 years when buying cheap now and keep it in the wallet, the portfolio value will increase drastically, there is nothing stupid when you invest long term

isaac_clarke22

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Quote from: fennic on October 06, 2022, 02:55:01 AM

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Some have their own pacing and people need to understand that. Maybe the short-term trading works for you, great! However the boundary is that not all of these things apply to anyone. You could be stressed out in your 9-5 job and you would not have a single time to trade even more or trade actively therefore just call it a "long-term hold".

As long as you're willing to lose what you invested anyway, it is fine regardless. Lose it? It's okay. Gained? Better.

Quote from: fennic on October 06, 2022, 02:55:01 AM

Still not got any merit, just kidding 😂

Yikes. I know you're kidding, OP(hopefully) but the more you mention merits, the less people would be willing to award you one. They will probably award you a space in their ignore list most likely.

Franctoshi

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Most newbie investors would definitely prefer short term holding and profits, while legendary investors would HODL, But basically for me I do Prefer holding Bitcoin and Ethereum for the long term perspective, while I can play around with other cryptos and holdl the above listed two cryptos, precisely Bitcoin which has historically proven to be more profitable in the long run than the short term and secondly, it's more secured and decentralized than every other cryptocurrency out there and that gives me more confidence to particularly hold Bitcoin for long term.

pawanjain

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Whether it be short term or long term, both of them have their own advantages as well as disadvantages.
We cannot really say either of them as the best one but as per history people who have been holding for a long term have got more profits especially in crypto.
One can try doing both and can find out which one works well for them.
I have tried both as well but for me long term holding have made good profits when compared to other trading methods.
That is why I prefer sticking to long term trading.

Bitstar_coin

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Different stroke for different folks, anyone who think like that has his/her reasons. Going by the history of btc price movement, holding is never a dumb idea, the only dumb thing is not holding at all.
Some people think this way because they feel holding btc won't give you the opportunity to accumulate more unlike traders and flippers can accumulate. Those who sold their btc at ath can now buy twice or more btc than if they had hold it without selling.
Holders on the other hand, don't usually sell at ath, they keep holding through to the next bull market which they are unable to accumulate more except they dca during the bear market.
Which ever approach a person decide to use is their choice not because they are dumb. And each approach will still yield a positive result long term.

fennic

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Quote from: KaliLinux on October 06, 2022, 06:51:39 AM

Quote from: fennic on October 06, 2022, 02:55:01 AM

What you are talking about in terms of the risk of losing your crypto assets in long-term investment is actually true for Alts but that does not relate to Bitcoin investment. In fact, your best option with Bitcoin INVESTMENT is of LONGTERM and anything short of this is trading. investing in Bitcoin, especially in times like this, the bear market, and holding till the next ATH before taking profits in part or whole Investment is my strategy and not daily or short-term trading.

Of course I can agree with you cause We do not what can happen with Alternative cryptocurrency because anything can happen with Alternative cryptocurrency. For example recently terra Luna was a big scam and that raised many questions and that just sucks and that's not too good. That's why BTC holding in long term can be beneficial.

KaliLinux

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Quote from: fennic on October 06, 2022, 02:55:01 AM

I saw some people saying that long term holders are dumb because they keep holding on the losses and this is a stupid meme. But i don't agree with that, since we believe btc will grow even more. What do you think?
In my opinion that Both short term and long term have their own advantages and disadvantages. With long term, you may get bigger reward without taking much hassle. On the other hand, with short term, you have to follow a lot of things.
Long term investments are sometimes risky in case of cryptocurrency space, you know a lot of altcoin have disappear and it's possible that your holding will not be existed someday. On the other hand, short term investors can move anywhere since they are updated with the market.
I personally prefer long term holding but of course only the top ranked coin.

What you are talking about in terms of the risk of losing your crypto assets in long-term investment is actually true for Alts but that does not relate to Bitcoin investment. In fact, your best option with Bitcoin INVESTMENT is of LONGTERM and anything short of this is trading. investing in Bitcoin, especially in times like this, the bear market, and hodlin till the next ATH before taking profits in part or whole Investment is my strategy and not daily or short-term trading.

kryptqnick

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I don't know which meme the op is referring to, but I believe whether hodling makes sense depends on a situation and a coin. If it's an altcoin which suffered from an exit scam or something very similar, then it's best to cut the losses and pull out. The chances of it being fixed and recovering are low and losing more is making things worse. If it's Bitcoin and nothing truly devastating happened to it (which is so far the case), then the chance of recovery seems very high and thus hodling through the bear market gives a real prospect of making profit instead of cutting losses. As for dependence on a situation, I think a person should sell if the money is truly needed or if a person could use it now (not urgent, but still significant) and it's not at a big loss or is at some profit.

bitzizzix

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Perhaps what people mean by saying long-term bitcoin holders are stupid is that long-term holders are stupid for not notifying or inviting them at the time. So they feel jealous or regret when the bitcoin price reaches 60K more than the very low price.
I don't understand people saying that, because the bitcoin price trail is proof that long term is a smart choice. And also evidence that a lot of new rich people or those who are already rich are getting richer because of bitcoin, because they are long term holders or strong hands.

Rockstarguy

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The problem people have about bitcoin they try to predict the time when they can make profit from bitcoin. Bitcoin is volatile which no one can predict how the market is going, when these set of people lost their patience to them they totally give up on bitcoin and feel like what they want from bitcoin can't be achieved. People who always complain about bitcoin are just greedy set of people who are not ready to understand that bitcoin is always profitable when it is invested for long-term.

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Quote from: fennic on October 06, 2022, 02:55:01 AM

I personally prefer long term holding but of course only the top ranked coin.

Bitcoins remain the best option for long-term holding, and it is adviced that you hold for as long as possible if you wish to enjoyed for benefits and reward for your patience and holding onto bitcoin over the years. And it would remain that many people do not have the understanding of the importance to hodl, hence they will criticize and speak bad about others who have been holding for long time.

Quote from: fennic on October 06, 2022, 02:55:01 AM

I saw some people saying that long term holders are dumb because they keep holding on the losses and this is a stupid meme.

Also some of people do not have the discipline to hold for long-term so they say all these sort of things to make themselves feel better.

SquirrelJulietGarden

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I can say the opposite, if you don't hold your Bitcoin long enough, you are dumb enough.

Holding your Bitcoin and in the meantime, you can still work to get salary. The Bitcoin you hold will be like your saving. If you want to hold your Bitcoin, you must avoid to store it on exchanges. Because if you look at it every day, you will almost impossible to hold it long enough.

Emotionally, who can reject to take profit if price of Bitcoin increases 30% or 50% but you won't get rich if you take profit at 30% or 50% rate.

Frankolala

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I don't think your are talking about bitcoin because bitcoin price is volatile, long term has benefits in so many trade how much about bitcoin holdings. The volatility is its nature and in every bull or bear market the advantages are always more than the disadvantage.

The people that bought when its bull market are now regretting because they don't understand how bitcoin works if no,t why will they be in a rush to sell,long term means a long period of time. Let people stop giving wrong information on bitcoin since they are not bitcoin analyst.

8rch7

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If anyone thinks that holding bitcoins long term is a stupid idea, then I can confirm that people who make such statements are actually stupid, maybe they are saying that because they want to provoke people holding bitcoins to scare people, in fact everyone already knows . that long-term investments are made as a way to get big profits from time to time, we also don't need to monitor market movements every minute, like trading, of course the profits we get are different, because they are different from trading.

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Quote from: fennic on October 06, 2022, 02:55:01 AM

Long term investments are sometimes risky in case of cryptocurrency space, you know a lot of altcoin have disappear and it's possible that your holding will not be existed someday. On the other hand, short term investors can move anywhere since they are updated with the market.

Who did suggest you to hold shitcoins for long term purpose? there's no reason to hold shitcoins for long term due to it's high risk.

Quote

I personally prefer long term holding but of course only the top ranked coin.

Actually top ranked coin doesn't guarantee the coin wouldn't become scam or dead coin. Have you remember with LUNA? it's a coin which ever reach top 10 on CMC before, but after they suffered hack, now the coin price is worthless and drop to 33th position. Most of investors has no choice rather than hold it until the price can came back like the previous ATH.

Don't get blinded with the position on CMC, it's useless. Just stick with Bitcoin.

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