ITT: We laugh at idiot HODLers [OFFICIAL THREAD]

[Sevvero]

Here we laugh at idiot hodlers who are too dumb to sell the peaks and buy the dips and instead hodl like the stupid meme sheep they are.

So DUMB!!!

[FlamingFingers]

Other than the 'hodlers' mistake, I don't think they are idiots. They are just going the safe route. They hold their funds (in cryptocurrencies) as long-term investments for the future, and forgetting about the whole thing, instead of buying and selling which require guts, have risks, and emotions. At the very least, they won't panic about every drop in price.

[colombuszka]

Here we laugh at idiot hodlers who are too dumb to sell the peaks and buy the dips and instead hodl like the stupid meme sheep they are.

So DUMB!!!

Retard alert.

[ParabellumLite]

Other than the 'hodlers' mistake, I don't think they are idiots. They are just going the safe route. They hold their funds (in cryptocurrencies) as long-term investments for the future, and forgetting about the whole thing, instead of buying and selling which require guts, have risks, and emotions. At the very least, they won't panic about every drop in price.

It's because they told themselves Bitcoin will continue to rally forever, mostly on what they've read on boards like these. That's the only reason they can stay content with themselves - and the same reason why they'll likely lose everything in the end. Holding is a two-sided sword: it protects people from panic selling, yet it also obstructs profit taking and cutting losses. It is absolutely no 'safe route' as you describe it: it's a route that requires one to shut his/her eyes and ears, and not act on any external stimuli that runs counter to ones own observation.

I do laugh at them a little, but feel sorry for them at the same time. It's mostly the people that have no idea what they're doing in my opinion that settle down to become a 'hodler', because it feels safe.

As I write this, there will be hordes of them thinking at this very moment: 'Yeah, but Bitcoin went back up after late 2013/2014, so it must happen again!'. There is no such guarantee, and if Bitcoin gets overtaken by new technology - something which appears to be already happening (given how much Bitcoin's market share dropped in a mere few months!), they will very likely end up holding the bag. Those people deserve to hear this perspective as well, so that they again start weighing their options and do the right thing.

[zikabra]

There is no such guarantee, and if Bitcoin gets overtaken by new technology - something which appears to be already happening (given how much Bitcoin's market share dropped in a mere few months!), they will very likely end up holding the bag.

So what is your suggestion? To sell all bitcoins we have? That sounds like advice from someone who want to buy some cheap bitcoins, nothing more.

[ParabellumLite]

There is no such guarantee, and if Bitcoin gets overtaken by new technology - something which appears to be already happening (given how much Bitcoin's market share dropped in a mere few months!), they will very likely end up holding the bag.

So what is your suggestion? To sell all bitcoins we have? That sounds like advice from someone who want to buy some cheap bitcoins, nothing more.

None: everyone should make their own decisions.

Your response is one of the things I've been worried about most in this board since 2013: the lack of (self-)criticism to challenge certain viewpoints, and the tendency to immediatly paint those that utter it as people spreading FUD, or that have some other interest that involves seeing Bitcoin die.  It has enhanced the cult-like behavior here, as valid criticasters at some point get tired from talking against a brick wall.

Hodlers are nothing but a victim of the climate it creates.

[European Central Bank]

and some holders have made such huge profits that it's too much of a pain in the ass to sell and rebuy because they'd be nailed by capital gains.

meanwhile the people who spend 22 hours a day timing markets and looking at pictures of lines are probably worse off.

[electronicash]

there is only 8 billion difference between BTC and ETH. In crypto, 8 billion is nothing which means ETH can surpass btc in no time in terms of marketcap. now when did btc started as compare to when ETH started?

its up for you to decide still

[leowonderful]

Nice thread. Sometimes not everyone has time to look at a computer screen showing the price for ten hours a day. Everybody gets to make their own choices, HODLing is easy, fun and profitable.

[topper26]

Spare me your pitty, I am up 130% this year alone by hodling, we will see a rebound then a new ath eventually. Right now there is a sale on bitcoin and it is time to buy more.

[JimboToronto]

Is this the thread where we laugh at idiot TARDers?

Some simple aren't smart enough to realize they're being played for fools by exchange operators and are foolishly risking their money by leaving it exposed on the internet.

Others are simply compulsive gamblers who get antsy at the thought of long-tern compounded growth and feel the need to play with their money.

What a waste. Sigh.

[Denker]

Here we laugh at idiot hodlers who are too dumb to sell the peaks and buy the dips and instead hodl like the stupid meme sheep they are.

So DUMB!!!

You must be extremely bored or just trolling for whatever reason!
Who is "we" you talking about by the way?
A hodler doesn't lose any money as long as he doesn't sell! And not everybody is interested in making more coins by any bigger move the market is doing!I know guys who own 500+ coins and do not trade. And still they made crazy gains over the last 4 years.
Different people have different strategies or aims.
So I don't get your point here.

[Sevvero]

Here we laugh at idiot hodlers who are too dumb to sell the peaks and buy the dips and instead hodl like the stupid meme sheep they are.

So DUMB!!!

A hodler doesn't lose any money as long as he doesn't sell!

haahahahhHAHAHAH SUCH STUPID COPING MECHANISM

YES, HOLD ON TO YOUR MAGIC INTERNET MONEY AS ITS VALUE DROPS BY THE SECOND

SUCH STUPIDITY, YOUR FAMILY WILL HATE YOU

[JimboToronto]

You must be extremely bored or just trolling for whatever reason!

Probably the latter.

Then again, maybe he's in denial about his gambling addiction and is just rationalizing, trying to justify his behavior.

edit: He was posting in all-caps while I was typing. That pretty well proves my point. 

[maku]

Op, it is not really a secret that if you would successfully sell your coins at every ATH and then rebuy more coins with fiat, you would achieve the best possible trading efficiency.
There is a problem with this strategy - you can fail, miss ATH, miss maximum downward trend - in short there might be major fuck up along the way.
Some people are just not confident enough in their trading abilities and in opt to be safer rather that richer.

[cpfreeplz]

Here we laugh at idiot hodlers who are too dumb to sell the peaks and buy the dips and instead hodl like the stupid meme sheep they are.

So DUMB!!!

A hodler doesn't lose any money as long as he doesn't sell!

haahahahhHAHAHAH SUCH STUPID COPING MECHANISM

YES, HOLD ON TO YOUR MAGIC INTERNET MONEY AS ITS VALUE DROPS BY THE SECOND

SUCH STUPIDITY, YOUR FAMILY WILL HATE YOU

Lol when you buy at $350CAD and HODL up to $4000CAD your family shuts the fuck up and let's you make the right decisions. I'd have bought groceries in 2015 whereas now I can buy a new car. Screw that man. I'm never selling unless I need a small portion.

[OgNasty]

Here we laugh at idiot hodlers who are too dumb to sell the peaks and buy the dips and instead hodl like the stupid meme sheep they are.

So DUMB!!!

I was called an idiot for not selling at $30 also.  I've found a way to be ok with the pain.

[JimboToronto]

Here we laugh at idiot hodlers who are too dumb to sell the peaks and buy the dips and instead hodl like the stupid meme sheep they are.

So DUMB!!!

I was called an idiot for not selling at $30 also.  I've found a way to be ok with the pain.

Oh such pain. My suffering was not as great as yours. I didn't get in until later.

Your US dollars increased 75-fold. My Canadian dollars only increased 45-fold.

 

[Pente]

In all seriousness, if I had been trading and trying to sell high/buy low, use margin, ect., then I would have got burned on this last dip. Almost 3000, then drop to 2500. Then small consolidate, then sharp drop again all the way down to 2120. I probably would have gone all in at around 2400, so would have got burned bad.

And we really don't know. The price could have dropped to 2500, gone sideways, then shot up all the way to 8000 before crashing back to 2100.

If we only we knew the highs and lows...but we don't.

I play around with small amounts of altcoins over at Bittrex and Polo, I can usually make small gains over time. Eventually what happens is that one of those altcoins goes up by about 100% by which time I have sold most of that coin. Normally the coin would drop back to normal and I would buy about a lot more of them. But then we get the coin that goes up 100%, then 200%, then 500%, then 5000%....and I look at that and think "yea, I doubled my money, but.....I SHOULD HAVE JUST HODLED"

I am starting a new strategy though that I read on one of the other forums. I will start converting 10-20% of my holdings to fiat every time the underlying coin doubles. If it goes down a lot after that, I probably will buy some back, otherwise I will just enjoy the fiat.

[tabas]

Here we laugh at idiot hodlers who are too dumb to sell the peaks and buy the dips and instead hodl like the stupid meme sheep they are.

So DUMB!!!

I sold when the price of bitcoin was still not reaching $1,000 so I sold earlier and I'm a dumb and an idiot hodler since before. This is hurts especially when seeing the price of bitcoin recover. But profit is profit, that's painful when someone is trying to piss others move. Well this is crypto life, you buy and sell to get profit.