Anyone else think "long term" hodlers are idiots?

[Sevvero]

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.

[European Central Bank]

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.

[Sevvero]

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.

Yeah, missing 2 obvious dips and buying opportunities. Ever heard about "opportunity cost"  - yeah, taht is what you get for being stupid and not seeing obvious DIPS

[JakaE]

Dan Balzerian is literally the biggest loser ever. He never held anything else other than his criminal dad's dick in exchange for stolen money he is flaunting now.

[European Central Bank]

obvious dips is obvious in retrospect.

i'll bet most people if they attempted to 'day trade' would've sold all the moment it hit $1000 and sat around for months afterwards.

[mastrox92]

Finally someone ride the same wave with me and understand what the real meaning of those two words "long term" 

[Sevvero]

obvious dips is obvious in retrospect.

i'll bet most people if they attempted to 'day trade' would've sold all the moment it hit $1000 and sat around for months afterwards.

HAHAHA, obvious in retrospect only if you are dumb maybe.

Right now Ethereum is dipping, I can tell you right now it will dip to about $150, possibly more to double digits like $95

If you aren't shorting Ethereum right now and then buying the dip at $95-150 you are just plain dumb and hate money. So sorry for you and your family

[richardsNY]

I am a long term holder, so tell me, have I been an idiot for seeing my wealth in Bitcoin grow 500-600% throughout the years? Or are the idiots those that desperately keep trading and end up selling below the levels they bought at, and buy back above the levels they sold at? I think that's quite an easy thing to answer to right? I do some occasional trading to benefit from wide fluctuations too, so that profit comes above the gains I made from holding.

[The Sceptical Chymist]

It's not an idiotic term by any means.  In fact in stocks (I think), long-term holdings actually legally refers to a year or longer holding period.  So that phrase there is one of the few in finance and crypto that I'll use.  So many are just cliche'ed to death.

And no, they're not stupid for holding.  People who held onto bitcoin for one year up until the present day have made fat stacks of money, and I am criminally jealous of them.  We must choose our battles against stupidity, and this is not one I'm going to fight.

Edit:  I think the term "hodling" is more idiotic than the actual doing of it.

[1Referee]

If idiot means that holding Bitcoin allowed me to earn more money than I possibly could ever earn without Bitcoin, then sure, call me an idiot. Very important point that you miss here, is the fact that the more experienced people here have coins and funds that they specifically use for trading purposes, and enough coins in their cold wallet(s) for long term holding purposes. Only noobs focus on just one of these two options while in reality, both can be done simultaneously without any problems.

[Hyena]

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.

That someone reporting in with a big smile in his face 

I bought in at 4$ and still holding, but I obviously diversify and hedge at critical times. For example, I sold a reasonable portion of my BTC a couple of days ago at 2700$ but I already set the buy orders at 1500$ to buy them back. Swing traders are idiots even if they manage to be profitable because it's a lot less stressful to be a long term holder than anything else. When you're going for the long term you pick a coin with really good fundamentals and legit reasons to generate a massive pump, you hold on to it for a year at least. So basically you make one good trade per year and you x10 your profits. you then are not even required to look at the charts every day. you have a shit lot of free time to enjoy life. so yeah, no need to boast about being a swing trader because we all know how stressful that is, your life sucks unless you're a no-lifer.

[dquancey]

Such idiocity.

You think Dan Balzerian held anything "long term"?

Heh, I mean you just justified your post that Dan Bilzerian (who bought the top) is some kind of genius. The guy was a trust fund marine who happened to be a good poker player.

[Rahar02]

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.

That someone reporting in with a big smile in his face  

I bought in at 4$ and still holding, but I obviously diversify and hedge at critical times. For example, I sold a reasonable portion of my BTC a couple of days ago at 2700$ but I already set the buy orders at 1500$ to buy them back. Swing traders are idiots even if they manage to be profitable because it's a lot less stressful to be a long term holder than anything else. When you're going for the long term you pick a coin with really good fundamentals and legit reasons to generate a massive pump, you hold on to it for a year at least. So basically you make one good trade per year and you x10 your profits. you then are not even required to look at the charts every day. you have a shit lot of free time to enjoy life. so yeah, no need to boast about being a swing trader because we all know how stressful that is, your life sucks unless you're a no-lifer.

Agree with Mr. Hyena, Op think ; people who holds for long term won't sell any bitcoin when bitcoin reach higher price.
People know to sell small amount of bitcoin obviously, but not all of their coins or even a half because it will worth more and more in the future.
That's what I thought about "long term".
And op should read https://bitcointalk.org/index.php?topic=1980832.new#new

[batang_bitcoin]

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

Just laugh at me, I'm one of those long term holder and it's fine if you will address me as an idiot as I love to keep on holding. I've been doing this for a year and it does give a very good feed back.

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.

Anyone wants to get rich but it takes time and by holding it we saw on how many long term holders are now rich.

[ktabb]

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.

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.

Or better yet, try asking that question to Warren Buffett. Hodling through volatility seems to have worked pretty damn well for him.

[Junko]

Been hodling since 2012. Me so idiot. 

[RyNinDaCleM]

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*.

[leowonderful]

I appreciate your compliment. While I understand some people like the "fun" of day trading, it's time consuming and frustrating, and I personally like to just HODL to keep track of Bitcoin's progress. It has also been quite profitable for me, as I held starting from the doldrums of 2015 all the way to today. Sure didn't lose anything yet.

[pooya87]

your problem is that you don't understand what a long term hodl means!
it is pretty simple. you buy when all the idiots are running around saying bitcoin is dead, in other words you buy when price was ~$200 then when it goes up to $450 you can take the initial invested amount out. this is coincidentally the same time as the same idiots are running around saying bitcoin to the moon.
then price falls down because some bigger idiot said bitcoin is dead and i am leaving bitcoin AKA M.H. and you buy a lot more bitcoin in that dip and put it in your cold storage. rinse and repeat and after 2 years you have more money and bitcoin than the idiots busting their asses risking day trading.

[n0ne]

your problem is that you don't understand what a long term hodl means!
it is pretty simple. you buy when all the idiots are running around saying bitcoin is dead, in other words you buy when price was ~$200 then when it goes up to $450 you can take the initial invested amount out. this is coincidentally the same time as the same idiots are running around saying bitcoin to the moon.
then price falls down because some bigger idiot said bitcoin is dead and i am leaving bitcoin AKA M.H. and you buy a lot more bitcoin in that dip and put it in your cold storage. rinse and repeat and after 2 years you have more money and bitcoin than the idiots busting their asses risking day trading.

That's the hard reality with the users all around. One may be good to make a low buying, but only the long holding profits the user rather than selling at the price pumping happening in a short time period once after buying low. Op doesn't need to complicate, just think of the early adopters. One who got it for $1 and sold for $10 is not the successful, but just on holding one who grabs the best is the successful. For the same to happen holding is a must without considering the dips and price dumps on different issues.