Anyone else think "long term" hodlers are idiots?

[nokati]

Funny how every time the market is in a recession and losers keep holding on to their losses they magically become "long term" holders.

God damn it, "long term" is such a stupid meme. Admit it, you wanted to get rich quick and once you realised you are too dumb to swing trade you suddenly became a "long term" loser.

Such idiocity.

You think Dan Balzerian held anything "long term"?

Long term is for losers.

Well i am a long term losser for a long time now and no regrets so far

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[HiringYou]

Everyone has their own opinion.I personally believe in holding for long period of time so according to you I am also an idiot.If by being an idiot I am earning huge amount of profit then I would love to be an idiot only.You should ask from the people who are holding their BTC's from 2-3 months or even before that how their idiotism has helped them to earn huge amount of profits.According to me long term investments in Bitcoin are the best way to earn more profits because Bitcoin price is increasing and it has a very bright and positive future .So I don't consider "long term" holders as idiots.

[TERA2]

The only problem with long term holders is they have to sell at some point before the drop to 0 in some number of decades. If they never sell then theyll have nothing to show for it even if we temporarily go to $10,000,000 and they're billionaires. At the very least they have to dig up their keys and transfer to a new wallet when EC gets broken. It's not like they can just go on vacation and forget about bitcoin for the rest of their lives until retirement.

[nokati]

I just think people who continue to use "Hodl" are idiots.

Nothing wrong with long term holding. The problem I have is when they are willing to hold it back to zero just because *insert Bitcoin maximalist reasoning here*.

Well some people have a backbone and care about their own principles and ideas

[nokati]

The only problem with long term holders is they have to sell at some point before the drop to 0 in some number of decades. If they never sell then theyll have nothing to show for it even if we temporarily go to $10,000,000 and they're billionaires. At the very least they have to dig up their keys and transfer to a new wallet when EC gets broken. It's not like they can just go on vacation and forget about bitcoin for the rest of their lives until retirement.

I wait till I can shop every where using my satoshi, I don't need to convert / sell it for fiat.

[fanten]

Long term hodlers will save them a lot of time. They just need to buy the coin that they are interested in and check back after few years to realize that they are millionaire by that time. Save the time and troublesome to buy lombo for long term hodlers. They are actually the most clever one. 

[gentlemand]

Some good reading:

https://www.clivemaund.com/article.php?id=4444

Let’s not be churlish about this, however, it is important to give credit where it is due. Those who got in early on this Bitcoin mania are true geniuses who have every reason to feel proud of themselves, having made themselves a fortune from even relatively modest stakes. The problem for many such investors though is that they don’t know when to call it a day and jump ship – many overstay their welcome and end up losing most of their gains. If you, dear reader, are one of these fortunate individuals you should get the hell out with the minimum of delay and consider yourself lucky. Sure you might miss some more gains short-term, but when this thing goes down it will be a lot faster than the Hindenburg and leave behind a massive impact crater, as unbridled greed changes in a flash into visceral fear and blind panic and all the recent lemmings disappear straight over the cliff edge – it will go into freefall and bids will evaporate.

And I'll bet that guy would've given the same 'advice' when it returned to $1000. My father told me to 'save myself' at $2000. My brother in law recommended self salvation a few days before it broke into four figures again.

I'll trust my own judgement based on years of obsessing, not some nincompoop who spent a few hours perusing mainstream media. The time for when those major gains are gone is still far ahead and by then Bitcoin will be deflating at which point you're likely to get steadier and eternal gains.

People are more than sensible to take a proportion out if it's a suitable sum, but they'd be very stupid to go all out unless it's already a life changing amount and it'll still be eaten by inflation.

The media and places like here are now crammed with final calls. Holders are still here and prospering.

I'll guess the posters with problems with long term holding are mainly day traders who completely pissed it up a wall thinking they were geniuses until they weren't. We see it here every day. If they didn't then respect, but I would've ballsed up no doubt.

[nikauforest]

If we are experiencing an S-Curve adoption then we are not in a bubble. It could very well be, we go to 8k on this down leg. But we have seen this movie before haven't we? So many Bitcoin crashes and so many more new all time highs.

If we are experiencing an S-Curve adoption of crypto currencies ( not just Bitcoin ) . Also If we are experiencing the ability to transfer value over the internet as a new layer over the internet. Then you have not seen anything yet in terms of price.

If you are new to Bitcoin , I imagine it is difficult to buy at these prices. However an argument could be made there is more risk being out of the crypto space than being in it. This would be especially be true if the old system is dying, and we (world Pop) has lost trust in Governments.

Have you lost trust in Governments? Or do you feel lucky? ( lucky in the sense that governments are going to save the day. )

[satchmoh]

Funny how every time the market is in a recession and losers keep holding on to their losses they magically become "long term" holders.

God damn it, "long term" is such a stupid meme. Admit it, you wanted to get rich quick and once you realised you are too dumb to swing trade you suddenly became a "long term" loser.

Such idiocity.

You think Dan Balzerian held anything "long term"?

Long term is for losers.

I do not agree. If a coin/ token has a certain value / good application with a reasonable vision supported by a good team, then stay cool and relax... look twice a year at the market and your cyptos..."long term" holders are smart ...

[xPPx]

I believe that $12.5K is the ABSOLUTE floor. Good luck!

[Wilhelm]

Why risk so much when long time HODL'ing is a stress free make certain money strategy.
You get greedy = you lose.

[ethereumhunter]

Why risk so much when long time HODL'ing is a stress free make certain money strategy.
You get greedy = you lose.

I don't think that people which are held for a long term will get a stress because I think they have a plan that makes them become a hodler and I am sure that they prefer to be a hodler. I think many of us are a hodler too and we still hodl some of the coins we have because we don't want to sell it at a cheap price. but I agree with your word that you get greedy then we are lost and we should avoid become greedy.

[machinationus]

I think there are people who buy bitcoin as a way to invest in the long term, but I think that only those who start now can be a bit more difficult to buy at the current price

[dewi91]

I do not agree with your opinion. of course they are have some reason to hold their coin for long term and they know better what they do than you.. and surely they are more experienced than you. so far many people become rich because they are hold bitcoin for a long time..

[lara59236]

Everyone has their own opinion.I personally believe in holding for long period of time so according to you I am also an idiot.If by being an idiot I am earning huge amount of profit then I would love to be an idiot only.You should ask from the people who are holding their BTC's from 2-3 months or even before that how their idiotism has helped them to earn huge amount of profits.According to me long term investments in Bitcoin are the best way to earn more profits because Bitcoin price is increasing and it has a very bright and positive future .So I don't consider "long term" holders as idiots.

hi.where are you and why did you leave your coin els....we truat you and no updates from you  before monthes

[Wilhelm]

Another reason why HODLing is smarter.

YOU CAN STORE THEM OFFLINE IN A PAPER WALLET.
and never get goxxed...

Just keep the paper wallet away from fire, dogs, etc

[isov]

Seems like many people think you are an idiot OP. Holding is the best way to go for most of us. Don't listen to this clown he only wants you to try trading and lose.

[Wilhelm]

Seems like many people think you are an idiot OP. Holding is the best way to go for most of us. Don't listen to this clown he only wants you to try trading and lose.

There is a place for traders but that is a select few that know what they are doing, calculate risks and don't get emotional where things go bad.


HODL = GOOD
TRADE = GOOD
GREED = BAD

[Deeyoh]

I think there are people who buy bitcoin as a way to invest in the long term, but I think that only those who start now can be a bit more difficult to buy at the current price

You know I heard the exact same thing when BTC was at $200.   Man it's just way to expensive to invest now... Really it's always to expensive to invest in anything if you look at it that way.   All I did was take 200 a month and invest that in BTC or other Cryto's..   If you buy it , hold it.  I'm kicking myself for dumping 2000 DASH back then.  Bought it and didn't really know what to do with it. So just traded it in on a couple bitcoins and other coins.  Today that would be about 100 btc. 

See, little investment.. huge return for holding.   Crappy return for trading.

[Visbay]

try asking that question to someone who long term held from 2011/12 until now. they would laugh in your face and then probably spit in it too.

People who learned long time ago about bitcoin did the right thing with holding it, but we can't compare Bitcoin 2011/2012 against Bitcoin now, when everyone knows about it and the price is thousand times higher! I suppose those early adopters already cashed their coins this year, and made nice profits. But people who JUST entered the market and are planning to "hold" are too late to the party.

Some good reading:

https://www.clivemaund.com/article.php?id=4444

Let’s not be churlish about this, however, it is important to give credit where it is due. Those who got in early on this Bitcoin mania are true geniuses who have every reason to feel proud of themselves, having made themselves a fortune from even relatively modest stakes. The problem for many such investors though is that they don’t know when to call it a day and jump ship – many overstay their welcome and end up losing most of their gains. If you, dear reader, are one of these fortunate individuals you should get the hell out with the minimum of delay and consider yourself lucky. Sure you might miss some more gains short-term, but when this thing goes down it will be a lot faster than the Hindenburg and leave behind a massive impact crater, as unbridled greed changes in a flash into visceral fear and blind panic and all the recent lemmings disappear straight over the cliff edge – it will go into freefall and bids will evaporate.

It’s not about idiots everyone have his own point of view some of the people they like trading and some of the people they like investment then some investors are not waiting for long time and some of them they are waiting for long time but all of them can help you in your future so I think no need to blame or point out some one about its idea in my opinion everyone they are doing best for their future and I’m also doing long term investment.