ITT: We laugh at idiot HODLers [OFFICIAL THREAD]

[x2666]

Haha your coin is down by 1 cent you idiot, why didnt you sell

[Torque]

Someone please laugh at my stupidity too! Been holding since $500-ish!  Even bought a bunch at $300, and a little at $900, ugh.

God I'm such a moron! Any more holding and I'm gonna end up poor.

[Paashaas]

I'm holding since 2013, i converted 90% of my fiat savings into Bitcoin.

My purchasing power has increased dramatically, this must be one of the best things is did in my life so far

HODLing is easy, fun and profitable.

[JimboToronto]

you buy and sell to get profit.

Wrong. You buy and hold to get profit, unless you'd rather take your profit in fiat currency instead of Bitcoin.

Why take your profits in a lower yielding currency instead of compounding your earnings by reinvesting in Bitcoin?

[pitbully2000]

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.

 Looks like SOMEBODY gets it!
 I don't think hodlers all agree that BTC will gain forever. I would assume most have some kind of (at least partial)exit strategy, for WHEN THE TIME IS RIGHT!
 Isn't that just a larger stakes game than the one OP is suggesting that we "idiot hodlers" do?
   

[pooya87]

i know right?
who are these idiots who call themselves Hodlers. price never went up. just like i never made any profit. it is not like price went up from $180 to $2500+ in 2 years and it certainly is not like that is about 1300% profit in 2 years.
what a dumb move, it is as dumb as this picture.



lets all start day trading for 3% with a lot of stress and pressure. that's where the profit is.

[bamboylee]

Different people have different appetite for risk. Some can take more than others. Selling on top also have risk. The price may not retract and you may have to buy back on a higher price. And if some feel safer just hodling does not make them idiots.

[serjent05]

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

To raise the marketcap you just need a single piece of that token/coins and buy it.  so yes it is nothing since marketcap is just a cheaters tool to confuse newbie investors.  Anyway, I believe hodlers are those people who are confident enough to keep their coins and get a huge jump in value when they decided to let go.  And I agree they are idiots to those who think they know the best  .

[Sludjo]

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.

What then would happen if all bitcoin owners sold at the peak?  I guess it would create a huge dip.  And next, what would happen if all previous btc owners bought at the huge dip?  I guess another peak, and we all could sell again and buy again and sell again and buy, all of us all at the same time, perpetually. 
How would that turn out? 
Doesn't work that way.  Long term investors create scarcity, which increases value over time, which results in small price increases over time.  Then, when the price is high enough, traders should sell, which increases short term supply, price goes down, at which point traders should buy, short term supply down, price up - up and down and up and down forever.  Very exciting indeed. 
All the while, us laughable hodlers, buy a little more, month after month, year after year, secure in Satoshi's vision. Don't get me wrong, traders play a very important role, like teaching novice traders valuable lessons for instance.

[buwaytress]

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.

What about holders who really are just diversifying their assets portfolios? Those who actually seriously understand the risk, but are just putting their eggs in several baskets? No need to feel sorry for them (or laugh at them).

I do feel a tinge of disdain for the Bill Gates and Richard Bransons who have so much money and don't really know or care about Bitcoin and are just "investing" in its future by buying several million worth. Probably chump change to them.

[Termin4tor]

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!!!

There is nothing dumb about being a hodler (meme). Its just a way of being on the safe side and also investing for the long term I would say. Trading is quite stressful and and risky thing to do so not everyone follows the same path. Besides I think a holder makes more profit than the average trader lmao. They are patient enough to sell at the right time and make a good profit. So why complain?

[ngin-x]

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.

HODLing requires one to believe that an asset with continue to appreciate in future. There is always a chance of getting burned in the end but that is a chance we all have to take unless you are a trading guru. Trading is a game in which most people are destined to lose by design or else a few people cannot get rich.

[eddie13]

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!!!

What about too busy to trade the swings?

[JakaE]

What if I told you it's more about sticking to your principles than money for a lot of people here?
And that they don't care about tiny price swings, when their target price for selling is multiple times higher than it is now?

They'll be laughing at you, when you're panic buying your coins back.

[Rahar02]

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

So, what is it to laugh about? Regarding people who holds their bitcoin for long term or short term still get profits as well, I don't find any funny thing on them.
Since you are so confident about your trading skills, you should add some trading results about your daily profits. And give explanation or advice to sell or buy whatever coins you have. People will appreciate it than just talked without proof or  helping each other.

[ParabellumLite]

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.

What about holders who really are just diversifying their assets portfolios? Those who actually seriously understand the risk, but are just putting their eggs in several baskets? No need to feel sorry for them (or laugh at them).

I do feel a tinge of disdain for the Bill Gates and Richard Bransons who have so much money and don't really know or care about Bitcoin and are just "investing" in its future by buying several million worth. Probably chump change to them.

Those blokes are obviously more careful, and not putting all their eggs in one basket. There's indeed no need to feel sorry for them, but I wonder how many true Bitcoin holders have actually diversified - especially with regard to the smaller consumer-level holder that doesn't got much to spread.

They are apparantly seen as people that have taken 'profit', while profit can only be measured in fiat currency here. Without selling, they won't have profited at all. If you bought at 500, am still holding now, and the price goes down to sub 500's (let's just assume it for a moment) you will be at a virtual loss. Once it becomes clear the price does no longer recover above this level (for example when  Bitcoin gets overtaken by some alternative), this virtual loss will become a real loss.

This is the fate that many hodlers are threatened with, and many will not sell until after they've lost most they put in - despite the possibility to make monster gains.

They will have willingly skipped the possibility to take profit, because they got the impression it was a safe strategy by reading whatever gets uttered here.

[BitcoinBarrel]

The reason I HODL and not play the markets is because even if you time your sells at the peak and buy back at the bottom, you generally only make about 10% profit. When you add in the risk that you are selling before a bull run plus trading fees, it's not really worth it in my opinion. Of course there are some that make profits.

But in my case, I make BTC from ad revenue and referral commissions, so why play the markets when I get consistent income?

It's the same with most people, they make earn money other ways than trading and buy BTC as a long-term investment.

[BitcoinHodler]

please add me to the list of those at whom you laughed at
make sure to also take a mental note of what my personal text under my avatar says.

let me also add a picture of me buying bitcoin like an idiot

[giveen]

Calm down it looks like you are super drunk or just tried doing this and failed badly. Selling high and buying at dips is a trading way and it is the most easy way to increase plus selling couple of coins doesn't affect the market at all and if some millionaire plans to sell the market will crash.

[Tigggger]

The reason I HODL and not play the markets is because even if you time your sells at the peak and buy back at the bottom, you generally only make about 10% profit. When you add in the risk that you are selling before a bull run plus trading fees, it's not really worth it in my opinion. Of course there are some that make profits.

There is another reason that ties in with this, you need to trust exchanges and quite frankly I wouldn't trust any of them with anything over BTC1.

If they aren't run by anonymous people in eastern europe, they are usa based ones selling you out to the authorities, even if you avoid those then they will probably just claim they were 'hacked' and run off with your coins and/or money.

Nope I'll HODL and increase my holdings in ways other than gambling, so put me down as an idiot