Lies Bagholders Tell Themselves.

[sdmathis]

If you look in the ANN thread of just about any alt coin whose price has been falling for any appreciable length of time, there will always be one guy (sometimes more) who claims that whales are driving the price of their favorite coin down so they can get in cheap. Of course there is no whale driving the price down. There just aren't enough whales in crypto to drive the price of almost every altcoin down at the same time (there are other reasons as well why whales aren't driving the price down, but that's not the subject of this thread). This is just one of many lies that we tell ourselves to make us feel better about our losses.

What are some of your favorite lies that bag holders (or maybe you) tell themselves to make them feel better about a coin that's losing them money?

[JackRipper]

My favorite is when they blame trolls for all their problems. Sometimes they will even leave BCT and start their own forum. They seem to believe that will stop their price from going down.

[doc12]

Not here for the quick buck, hodling long term  

[sdmathis]

Not here for the quick buck, hodling long term  

If I only had a quarter for everybody that I've heard say that. Or even worse, that they are not in it for the money at all. I'd have a lot of quarters.

[BlindMayorBitcorn]

Cheap coinz!!!1

[TheMystic]

Some talk about how undervalued the coin is and then point to the market cap of Doge.

[sdmathis]

Cheap coinz!!!1

When I'm researching a coin, I'll go through the ANN thread and if I see the comments "Cheap Coinz!!!", "Chomp, Chomp, Chomp!", or anything like that, it raises a red flag in my mind and I will rarely invest in that coin. Definately a danger sign.

[Starin]

Not here for the quick buck, hodling long term  

That is mostly true. A pure hype attempt. But you sometimes really like a coin and have some spare bitcoins and you prefer holding even the price drops. I am sure each of us had such a experience.

[bitcoin_bagholder]

Cheap coinz!!!1

You nailed it. The biggest and most often used lie of the bagholder.

[MRKLYE]

In a free market full of FUD and hype its often difficult to distinguish If ones a bagholder or not.
I've seen alot of coins become popular and go to.. Leaving "bagholders" wondering if they'll ever get paid..

Sad state of crypto. I myself have been a bag holder in the past.

[MicroGuy]

Cheap coinz!!!1

When I'm researching a coin, I'll go through the ANN thread and if I see the comments "Cheap Coinz!!!", "Chomp, Chomp, Chomp!", or anything like that, it raises a red flag in my mind and I will rarely invest in that coin. Definately a danger sign.

I think there are bargains out there, but they are few and far between. Look for coins with active/innovative development, strong communities, and ridiculously low prices. Diversify across a few of those then work to better the currencies you support.

[Kimowa]

dont rub it in 

if you like cryptos you will bag hold as future promise

[Stouse49]

After we get cheap prices for our favorite coins for a while, then a while longer, I tell you that my favorite coins will shoot to the moon after the next block reward halving!

[sofu]

A dump doesn't matter in the long run

Thx for the cheap coins. Omn nom nom

I bought more on this shakeout


 

[DecentralizeEconomics]

"It's safer than a Swiss Bank Account!"

[spartak_t]

Just look over the threads of some of the latest coins with the "mighty" masternodes and you will probably find few new expressions.

[Snail2]

Bear/noob trap! It will go to da moon next week!

...and an old classic: LTC on Gox in two weeks!

But i like the "Cheap coins!" stuff too .

[tokeweed]

"This so and so coin will gain adoption... etc etc.." Then they proceed to flame you for making them realize that their bag holding and they also blame you for the coin's downfall because "you're not doing your part"... Wut?

Also, "the tech is better than every coin out there, so it will rise soon".  LOL

[Braino]

Lies (Butthurt) Bagholders Tell Themselves...

"My butt doesn't hurt that much. Now excuse me while I bend over to pick up some more coins form the trading floor"

[nutildah]

Howabout lies that devs tell their bagholders:

"Its OK guys, we're about to publish a roadmap that details when our whitepaper and plans for integration are going to be released... Stay tuned!"

"Its so-and-so's fault for FUDding the community. If there wasn't so much FUD, this coin would be the next bitcoin by now!"

"We've recently implemented a new anon mixing and encrypted messaging service."