Why Some People think that long term Bitcoin holding is a dumb idea? - page 2.

Kemarit

legendary

Activity: 3080

Merit: 1353

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.

Of course, only those who have been in the market for so long known this, for those who are saying that long term holders are dumb, probably are those short term speculators and traders or those who missed the boat and wanted to buy at cheap price by creating this idea that holders should sell. I'm not sure about altcoin, but if you have seen bitcoin tremendous growth just like in the last bear and bull run, from $3k to $69k, that is a huge profit already for holding like 3 years.

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Long term holding is good but cycling the money to buyback at the low and selling at the high also needs to be done to keep the profit flowing in every few weeks. There needs to be a good balance between these two because the stupid thing to do here is to convert to day trading a few days after starting long term, which is commonly done by impatient newbies.

Nothing is stupid as long as you are making money from it. If you are making it work, you are the boss. I found buyback and selling at the top in fractions of the entire portfolio worked and hence I am confident about it.

Hyphen(-)

hero member

Activity: 1022

Merit: 744

Long-term Bitcoin investors have a high level of trust in Bitcoin and believe that it will be worth more than what people expect, which is why they buy Bitcoin to hold for an extended period of time. Imagine people who bought Bitcoin in early 2009/2010 and are still holding today; if they are still holding, they would be multi-millionaires; some of them are still holding because they trust the process.
There is no doubt that both short-term and long-term investors profit, but long-term investors benefit more.

Oasisman

hero member

Activity: 2716

Merit: 552

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.

I'm kinda confused whether you're talking about Bitcoin or you're talking about altcoins lol.
Both have their own risk though.
Those who says Bitcoin hodling is a dumb way of investing are either anti Bitcoin or trying to drag down Btc's price.
But then again, I'm kinda confused whether you're talking about Bitcoin or altcoin. Does these people mean hodling Bitcoin is dumb? Or altcoin? Lol.

348Judah

hero member

Activity: 714

Merit: 521

DGbet.fun - Crypto Sportsbook

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

I want to believe that this same set of people does not invest in bitcoin, but have you personally make some moves or attempts to find out the reality with choosing bitcoin, holding it and then the appropriate time to selling it, if you may need a good positioner to learning this then the bitcoin history right from 2009 price to 2022 current price will give you every solution and answers to counter those people saying what they don't know,

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

In my opinion that Both short term and long term have their own advantages and disadvantages

We need to fish out the truth here, there's no magic in dealing with bitcoin, if you don't know how to trade don't start yet until you learn, if you want to invest as well, give it time to mature and during that process, seek to acquire more knowledge on bitcoin investment, if you do it the wrong way you will always loose and have bad result, so either long or short term investment needs adequate knowledge to when you need to buy, sell, hold and the strategies involved, your first security asset is your knowledge.

mirakal

legendary

Activity: 3108

Merit: 1290

Leading Crypto Sports Betting & Casino Platform

I'm not sure but I think they don't mean bitcoin alone because if that's what they are thinking, what could be their basis to say that hodling long-term is a bad idea. It's the exact opposite, long-term will give you the profits you want but enduring the seasons will always test you and your patience especially if you're that someone who often looks at the market situation and price.

bakasabo

legendary

Activity: 2520

Merit: 1218

People that are new to cryptocurrency (bought Bitcoin at $69k, year has passed, not price is $20k, long term holding is a failure), can only think of such think or people to whom "long term = several months". Such people see that during several months the price of Bitcoin barely changed, then they look on inflation chart and make their "smart" conclusions that "inflation > Bitcoin price growth = long term holding is dumb".

pooya87

legendary

Activity: 3472

Merit: 10611

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.

lovesmayfamilis

legendary

Activity: 2072

Merit: 4265

✿♥‿♥✿

You write in the section about Bitcoin. So I think it's the other way around. Those who are ready to hold bitcoin will make a profit. Bitcoin will not go anywhere, which cannot be said about alternative coins. Honestly, I only read such nonsense from you, so you need to reconsider your views. You probably still do not understand the full value of Bitcoin.

Asiska02

hero member

Activity: 1008

Merit: 702

Whether you hold investments for the long term or the short term, it depends on your point of view and how mentally prepared you are to begin investing. Both have benefits and drawbacks.

As a long-term investor, you'll have a thorough grasp of the market and be able to avoid losses and gain profit when the time is right. Depending on how dedicated you are, these methods may take you longer for you to learn and begin reaping the benefits.

Investors that invest for the short term should be willing to lose what they can afford; they don't risk their whole savings account in the hopes of making a quick, large profit. Let me suggest that it's a 50/50 chance for you, more like gambling. Investors in short-term investments don't require a thorough understanding of the market because they can sell their investments as soon as they have made a small profit.

crwth

copper member

Activity: 2940

Merit: 1280

https://linktr.ee/crwthopia

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.

fennic

member

Activity: 126

Merit: 39

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 😂

Topic: Why Some People think that long term Bitcoin holding is a dumb idea? - page 2. (Read 368 times)