Anyone else think "long term" hodlers are idiots?

[omonuyak]

I will not said I am idiot as a long-term holders but I can said we really make a terrible investments decision. I have decided to trade bitcoin base on a particular market conditions and not just buying any coins and keep holding them.  Investors are not going to make bad investments decision if we are short term one as long holding do results in loses.

[1714123492]

1714123492

[Wilhelm]

Bought araound $80 and it's currently $3600 so yes I'm an idiot
But true that selling at $19k would have been better...
Then again having a cold wallet is the safest place for very long term instead of trusting exchanges like MtGOX and BTCe

[gabmen]

Bought araound $80 and it's currently $3600 so yes I'm an idiot
But true that selling at $19k would have been better...
Then again having a cold wallet is the safest place for very long term instead of trusting exchanges like MtGOX and BTCe

Well everyone who's heard of mt.gox should find it necessary to have cold wallets if they're planning on long term. And however said hodlers are for idiots are probably just trolling or have lost a lot of money holding the wrong coin at the wrong time. If you ask me, it's the safest method of dealing in this market.

[freedomgo]

Bought araound $80 and it's currently $3600 so yes I'm an idiot
But true that selling at $19k would have been better...
Then again having a cold wallet is the safest place for very long term instead of trusting exchanges like MtGOX and BTCe

Well everyone who's heard of mt.gox should find it necessary to have cold wallets if they're planning on long term. And however said hodlers are for idiots are probably just trolling or have lost a lot of money holding the wrong coin at the wrong time. If you ask me, it's the safest method of dealing in this market.

You only consider yourself an idiot if you are not benefiting in holding.
I can see that there are a many investors who benefited from holding, they have the reason to hold because most of the early
investors are very successful with just holding, that's effortless if you'll ask me but they have the confidence that's why they make easy money.
When you bought at $1 and you are still holding now, I guess  you are a genius although you did not sold during ATH, but ATH will again come.

[ethereumhunter]

Bought araound $80 and it's currently $3600 so yes I'm an idiot
But true that selling at $19k would have been better...
Then again having a cold wallet is the safest place for very long term instead of trusting exchanges like MtGOX and BTCe

The cold wallet can be a great solution for people who can buy bitcoin at $80 and not leave his bitcoin at the exchange especially if he has more than 1000 bitcoin. I never think that the holders are idiots because they are thinking about their future and if somehow, they can get a great investment like bitcoin, I am sure that they will want to save as much bitcoin as they can because bitcoin has a great future.

[Kiir]

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.

You suffer from the "Every coin is the same, thus whatever I think about one, applies to other ones" even if you don't know it

When you find a coin that has long term plans and you research it and decide to buy cause if those plans happen down the road, you'll make money....it's only logical to hold on.
If the plans will take..let's say 7 years. Why not hold if we think the price will be the highest then?

[NavI_027]

For me, long term holding is not an idiocracy it was only the product of not having an option. As you will noticed, most of the long term hodlers are small investors only. They don't have any choice but to hodl because that small amount of money in their hands is all they hand thus cannot afford to lose it. Even some of them want to try trading, unfortunately, they still can't because their money might not be a good starting capital.

[romero121]

Till date each and every long term hodlers have profited out of bitcoin. Even if they've missed one opportunity, surely they'll get another opportunity to profit out of the same. All that required is the patience to hold till the next price bumping happens. In very few cases long term hodlers have encountered loss which is purely based on their situation upon which they were not in a situation to hold it anymore.

[kateycoin]

I think hodler for long term is not idiot they know what they doing that's why they hodl what they have because they believe to that coin and I think they know that it will be a good future to that coin that's they hodl it. It's not bad to choose a long term because it will give you more profit that ti daily basis.

[Dreamchaser21]

For me, long term holding is not an idiocracy it was only the product of not having an option. As you will noticed, most of the long term hodlers are small investors only. They don't have any choice but to hodl because that small amount of money in their hands is all they hand thus cannot afford to lose it. Even some of them want to try trading, unfortunately, they still can't because their money might not be a good starting capital.

Situtions like this will force us to hold because if we sold, we will lose our money. But for me holding is alright as long as you have limits on that and holding doesn’t mean you’re an idiots you just believe on long term investment and no one will force you to do trading because they want to. Always stand for your own decision.

[shesheboy]

For me, long term holding is not an idiocracy it was only the product of not having an option. As you will noticed, most of the long term hodlers are small investors only. They don't have any choice but to hodl because that small amount of money in their hands is all they hand thus cannot afford to lose it. Even some of them want to try trading, unfortunately, they still can't because their money might not be a good starting capital.

For me, long term holding is not an idiocracy it was only the product of not having an option.

hodling is a choice  .  its an act of investing and many people choose this path because this is more safer and easier to do than trading or any other risky activities out there .

As you will noticed, most of the long term hodlers are small investors only.

alot of long term investors are average to rich people . few were only poor but its not a problem anymore because all who enters this scene are here to earn a profit  .

They don't have any choice but to hodl because that small amount of money in their hands is all they hand thus cannot afford to lose it.

Its not because they dont have any choices but the main reason why they chose to hodl is because the current market situation is not really suitable for trading or selling .  its also a golden rule that we must only invest what we can afford to loose

[peter0425]

For me, long term holding is not an idiocracy it was only the product of not having an option. As you will noticed, most of the long term hodlers are small investors only. They don't have any choice but to hodl because that small amount of money in their hands is all they hand thus cannot afford to lose it. Even some of them want to try trading, unfortunately, they still can't because their money might not be a good starting capital.

Situtions like this will force us to hold because if we sold, we will lose our money. But for me holding is alright as long as you have limits on that and holding doesn’t mean you’re an idiots you just believe on long term investment and no one will force you to do trading because they want to. Always stand for your own decision.

Technically, Holding coins doesn't lose you money, so why would you sell in the first place? I don't think they are idiots, they are using their brains and just waiting for the right time to sell. Of course its wise if they have sold at $19K, but it doesn't matter 1 BTC is 1 BTC, no matter what, its jus the dollar value that changes when you're going to liquidate it.

[STT]

Bought araound $80 and it's currently $3600 so yes I'm an idiot
But true that selling at $19k would have been better...

Taking an absolute view for or against is not the best choice.   Selling at the timing of this thread would not given the best price, it had risen 300% from the previous peak but still was not near its highest price.   The sensible thing is not to sell all but make sure your holdings are distributed some.

I dont especially agree with only hold but its not been a bad strategy for what is a unique new technology overall.  Nobody was able to estimate it exactly and it was widely dismissed, holding was far from the worst strategy to have.   Likely thats going to be repeated.

I would argue overall that people should adjust their portfolio to match gains seen.   So if Bitcoin were to double in pricing then move at least some small percentage to long term currency like gold.    Having your mortgage reduced so you are a larger percentage owner in your own house is a good arguable strategy for security.   Money is security ultimately, some see it as luxury but having been poor many times in life I can tell you the most valuable money is what pays for food, security and all the basics taken for granted.
  Always the best gains are stabilised across all your various costs, like rent, etc   lopsided purely to growth, high risk products is dangerous ground

[jho0810]

I think choosing longterm investment or hodling is not idiot because it's the best way to make a good profit. Much better to know about longterm instead say that people are idiot who hodl for longterm.

[eaLiTy]

Well everyone who's heard of mt.gox should find it necessary to have cold wallets if they're planning on long term. And however said hodlers are for idiots are probably just trolling or have lost a lot of money holding the wrong coin at the wrong time. If you ask me, it's the safest method of dealing in this market.

The people who are complaining about hoarding are the ones who missed out in the beginning, there is nothing that can be done for sour people who keeps on complaining like that. I am not holding that much coins now a days but i had the opportunity to get in when the price was really low and made a good profit when the market boomed, now i am collecting coins and waiting for the long term for yet another rally and make some cool profit.
 

[Ridwan Fauzi]

I think hodler for long term is not idiot they know what they doing that's why they hodl what they have because they believe to that coin and I think they know that it will be a good future to that coin that's they hodl it. It's not bad to choose a long term because it will give you more profit that ti daily basis.

You have to understand it, every investor has a different perspective, you don't equate investors one and the other. I guess the OP has suffered a loss when choosing investments for the long term, it cannot be continuously pursued by bearish market so as it gives up and makes this thread (this is just my bad prejudice) I do not deny that many new investors out there continue to hope for price recover. They experience deep losses when investing here, even though it is a risk that must be faced.

[Bitcoinsummoner]

Long terms holders are not idiot hnce they are asset of the crypto and also money maker. If there was no long term holder than crypto loss their place within a day or two. But that is not happening. Now a days long term holder decreasing that's why price decreasing too. Price can only move if there is long term holder and new investors enters into it.

[buwaytress]

Bought araound $80 and it's currently $3600 so yes I'm an idiot
But true that selling at $19k would have been better...
Then again having a cold wallet is the safest place for very long term instead of trusting exchanges like MtGOX and BTCe

Christ I need to stop running across comments like yours, makes me grit my teeth so hard haha. I started earning (yeah, I never bought actually, but I suppose earning directly saves me the trouble of buying) around the region just below $1k, but only properly got paid once it had well breached 2k. So yeah, I am still in profit for every satoshi I held since early to mid-2017, but then, almost every coin I'd earned since then for the next 18 months or so is worth less today.

So yeah, I feel like an idiot and can agree I should have probably sold a bit of it at 19k, but then there's the beauty of hindsight and the value of experience.

See you at 190k eh?

[Argoo]

The bulk of cryptocurrency holders can earn in the cryptocurrency market only by long-term retention of their coins and tokens. Of course, the most profitable, but also the most risky trade in cryptocurrency. However, not everyone has the opportunity and desire to engage in trade. In this situation, the most correct solution would be to periodically trade in moments of big rises and price drops in the market. Therefore, you should not call those who hold their cryptocurrency for a long time as idiots. This is also a way to make a profit, but not the best.

[OrangeII]

Long terms holders are not idiot hnce they are asset of the crypto and also money maker. If there was no long term holder than crypto loss their place within a day or two. But that is not happening. Now a days long term holder decreasing that's why price decreasing too. Price can only move if there is long term holder and new investors enters into it.

I agree with you. if there are people who feel that the coin detainees are stupid people, then in 2016 - 2017, they are geniuses. well, we can't draw conclusions when prices have gone down, and say they are geniuses when prices rise. however, I always respect someone's decision, whether it's holding a coin in the long run or not, because we don't know what they are planning.