Bitcoin Forum

I was browsing several topics about bitcoin here and found the term "hodler". I know it is someone who prefers to hold coins, I presume to sell it for higher price later. And also I heard of "speculators"... btw how can someone speculate whole market, or at least a part of it like a cryptoexchange? In my mind being a speculator means you agree to set the particular price(lower or higher) with other speculators like you to manipulate market participants. Am I right?

And so I come to the topic of behaviour of people. Recalling a piece of book I read about economy, all people have demands driving their actions the certain way. So, what patterns of behaviour are there in btc market? More simply, what people buy and sell coins and in which cases? Who are all those hodlers, speculators, and how do they behave? I hope I asked clear question and we won't have misunderstanding about it.

Sell or buy something with it, ideally only with a small portion (smaller every year as price increases in an ideal scenario).


No, where did you get that idea?

https://dictionary.cambridge.org/dictionary/english/speculate

speculator
noun [ C ]
UK /ˈspek.jə.leɪ.tər/ US /ˈspek.jə.leɪ.t̬ɚ/
a person who buys goods, property, money, etc. in the hope of selling them at a profit

Speculators are not people who can contril prices, speculators are only people who buy things and hope to get profit. You mean speculator more precisely called manipulators, they try to control things for personal advantage and usually done with bad or dishonest.

source : https://dictionary.cambridge.org/dictionary/english/manipulator

People who buy BTC want to earn profit from prices movements usually this is done by traders with short or middle term targets, if their long-term targets as I know they are not active traders only buy when BTC is still cheap and keep it, will sell when the specified price has been achived.

Since when did speculators collaborate with other fellow speculators in controlling the market? They are called speculators because they set expectations of possible changes in the market and try to move with those expectations of theirs.. You could literally look it's meaning up.

Hodlers are just long term investors , waiting for the best possible time to sell BTC while speculator expect different changes and try to profit from those changes by taking note of situations they could take into their advanrage.

maybe you mean traders who have large capital, maybe they can influence prices but don't manipulate prices, when traders open a large number of positions it can be the beginning of a trend that is followed by small traders.

That only shows that he has still a lot to learn in this crypto space. But yes, just by simply searching in google, he should have get the appropriate meaning of the terms. But it is already a good start, now he knows what speculator really is.  :P Give him time and I hope he will not claim to be a crypto/blockchain expert.  Because many are!

There are many strategies carried out by speculators to make profits, most notably daily trading, Hodling, and others.
Each of these strategies has its pros and cons so it is better for you to learn more about trading and these are some books that will give you more information.

 - Bitcoin For Dummies
 - Bitcoin Trading and Investing: A Complete Beginners Guide to Buying, Selling, Investing and Trading Bitcoins Benjamin Tideas

There are no specific rules for those strategies, but just getting a profit is a win.

It depends though. I have seen a lot people who call themselves a hodler and will hodl for ever.... that's not them being investors, but irrational noobs who think Bitcoin will replace all existing fiat currencies.

Investors don't refer to themselves as hodler, where I am sure that many of the so called hodlers dislike investors and speculators. Overall, everyone expecting gains is a speculator by definition.

I used to be a hodler who thought that Bitcoin would replace fiat, but I'm glad that I no longer think like that. It's not just unrealistic, but it doesn't even make sense. I have a target set and will sell whenever that target is met.

A brief glossary (the way I see them) of the types of Homo Cryptus:

Hodlers (holders) are very long term BTC bulls/Maximalists. When they lose faith they become "longs"and human again.
Investors want to see a (passive) return on their savings, with as little risk as possible. Neither of those are available in crypto.
Traders buy and sell based on their own view of the markets. Or someone else's. 78% suffer from remorse/poverty eventually.
Speculators usually end up broke. Most speculators are broke to start with.
Gamblers usually call themselves investors.
Experts usually aren't.
Advisers were parasitic worms in previous lives. And in this one.
Scammers are.....everywhere.

How about the behavior of them first as a human being.  ;D
I don't see where this is going though.
You want to analyze the btc market thru the behavior of what they call themselves? Like one is a hodler so there should be something that he acts normally or repeatedly?

What is really the purpose of this behavioral questions?

Behaviors aren't a norm here. Basically, hodlers are those who holds crypto for quite a long time waiting for the market to change into their idea for them to sell in a price where they would get a profit, while speculators are those sophisticated investors who are working in a shorter time frame that executes strategies to get profit from market changes.

In short, holders are definitely speculators, but speculators are still not necessarily holders, because not everyone who speculates holds btc, sometimes they only analyze and research it. Holder is able to make changes to the market directly like the whales, but speculators are not able to make changes to the market directly.

Speculators are people who looks for opportunity to make quick money here in the market. So they're traders who love to short and squeeze profit whenever they can.

While holders are those individuals who keeps buying in dip, make their wallet fatten and wait for the right time to unload their stash to make a good and handsome profit.

The same behavior patterns as virtually all markets.

Markets boil down to trading/investing psychology, which is why they tend to follow repetitive accumulation-distribution cycles: https://www.investopedia.com/trading/market-cycles-key-maximum-returns/

https://www.stocktrader.com/wp-content/uploads/2009/05/investor-stages-emotions.jpg

Bitcoin follows these same cycles. As for its historical uptrend, I think that's explained by its strong monetary properties and extremely scarce supply. Hodlers see that value and are buying up the supply before the price gets marked up again, like it did in 2017.

If anyone knows what will the exact pattern and movement in Bitcoin probably that man is the most riches on earth can make a multi-million dollars in Bitcoin. So no one knows when it comes to the behavior on Bitcoin. When it comes to buying points we really dont know when is the perfect time, also in selling. We have here called "whales", they are having a big pocket that can invest a large amount of Bitcoin that can play the market price but they aren't controlling the market price. Bitcoin price relied on demand and supply, more demand or have massive adoption it means Bitcoin will go up.

Speculators also monitor what is happening in the market, the rate and the range of how the prices goes up and down. They have their own interpretations and understanding on what's happening inside the market. They are good in analyzing and predicting possible expectations on what to do next in
managing events in market.


While hodlers are just a play safe investor who doesn't want to spend their investment in a garbage ways without thinking. They are the one who is seizing the moment when the price of BTC goes boom! Their patience is really extreme and they only wait for the right time to come and then they will now sell BTC in a much higher price. That's a good technical analysis in graphs and good strategy in cryptocurrency exchange.

Those have their different role, different advantages and disadvantages in crypto world.