Anyone else think "long term" hodlers are idiots?

[Hyena]

OP is prolly trolling. Everyone knows the long game is the winning game.

[SimmonenY]

OP is prolly trolling. Everyone knows the long game is the winning game.

Yeah, after a few comments I thought so too. Or maybe they are just jealous that they don't have balls to hold so they panic sell all the time)

[JimboToronto]

[SaShiRaJaVu]

Long term is for losers.

Hope you have seen the articles of people making millions for the coins they were holding for years,if you have read those articles just google it and read it and understand how they earned their millions by investing just thousands of dollars and then come to a conclusion whether losers are the one holding the assets for a longer time.

[CARrency]

Long term is for losers.

Hope you have seen the articles of people making millions for the coins they were holding for years,if you have read those articles just google it and read it and understand how they earned their millions by investing just thousands of dollars and then come to a conclusion whether losers are the one holding the assets for a longer time.

So many life of people was changed because of the change of bitcoin price in time. Who would've known that this would happen right? And I think that being patient is essential to investors because that is what they needed foremost. If someone will be hasty in something, they will be having times where they can't get a good profit.

[deisik]

So what is your point exactly?

And what does that have to do with Bitcoin? I don't remember that Warren Buffett said anything positive toward Bitcoin, let's be honest here (if I'm not mistaken, he has been one of the biggest critics of the coin). Or do you actually mean to say that Bitcoin is not the asset which anyone would be happy to have if the Bitcoin network went down for 10 years? After 10 years, when the network is back online, people will likely forget about Bitcoin completely, and it will cost next to nothing

[CoinCidental]

So what is your point exactly?

And what does that have to do with Bitcoin? I don't remember that Warren Buffett said anything positive toward Bitcoin, let's be honest here (if I'm not mistaken, he has been one of the biggest critics of the coin). Or do you actually mean to say that Bitcoin is not the asset which anyone would be happy to have if the Bitcoin network went down for 10 years? After 10 years, when the network is back online, people will likely forget about Bitcoin completely, and it will cost next to nothing

WB is the largest shareholder in wells Fargo Bank
How well would that do if it didn't bother opening for 10 years?

[Kimi80]

My brother both 20 btc for 22 dollars couple of years ago and forget that he got them. Few months ago I talked to him about btc and my activity on this forum and price of bitcoin today. He was shocked, checked his wallet and pleasantly surprised. Now he got little less than 60 thousand dollars. Worked great for him, definitely not an idiot. Me, I am young in this story, equally spending and saving and hope to have some benefits from it in the future.

[JL421]

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.

Hehe no doubt about that long term holders are the ones who make easy profit without much risks and literally without any work. The people who trade can surely make a lot but it involves lot of risk and sometimes many people lose it all during this process. If you have the time then go with trading otherwise continue trying your luck

[HeRetiK]

So what is your point exactly?

And what does that have to do with Bitcoin? I don't remember that Warren Buffett said anything positive toward Bitcoin, let's be honest here (if I'm not mistaken, he has been one of the biggest critics of the coin). Or do you actually mean to say that Bitcoin is not the asset which anyone would be happy to have if the Bitcoin network went down for 10 years? After 10 years, when the network is back online, people will likely forget about Bitcoin completely, and it will cost next to nothing

I guess what he's trying to say is: Only invest in assets where you strongly believe in the fundamentals, regardless of short to mid-term price swings.

[JimboToronto]

So what is your point exactly?

And what does that have to do with Bitcoin?

My point was that by calling long-term holders idiots, the OP was calling Warren Buffett an idiot.

No, it's not Bitcoin specific. It's true for any asset.

He also was talking about the market shutting down, not the asset itself. The internet or blockchain failing would be the equivalent of a company failing or land sinking into the sea, not merely the market being frozen.

[BitHodler]

OP is prolly trolling. Everyone knows the long game is the winning game.

Exactly that. It wasn't that long ago that I have been reading through various articles that were advising to cash out the majority of your holdings as soon as we reach $1000 and higher ~ current price speaks for itself.

Seriously, it's basically like earning money while picking your nose, sleeping, staring out the window, eating. Anyone else who don't agree with this, is either too late, or they hodl an insignificant number of coins.

[agustina2]

My brother both 20 btc for 22 dollars couple of years ago and forget that he got them. Few months ago I talked to him about btc and my activity on this forum and price of bitcoin today. He was shocked, checked his wallet and pleasantly surprised. Now he got little less than 60 thousand dollars. Worked great for him, definitely not an idiot. Me, I am young in this story, equally spending and saving and hope to have some benefits from it in the future.

Couple of years ago? The price high for 2015 was about around $430 and price low was around $215. How is that possible that your brother both BTC20 for $22? Are you trolling here?

To OP, looks like your holding didn't go well. It's more like being an idiot if anyone will think that bitcoin is not good for long term holding. Trying to create a panic? It's impossible. To create a FUD you need to shake the market.

[freebutcaged]

My brother both 20 btc for 22 dollars couple of years ago and forget that he got them. Few months ago I talked to him about btc and my activity on this forum and price of bitcoin today. He was shocked, checked his wallet and pleasantly surprised. Now he got little less than 60 thousand dollars. Worked great for him, definitely not an idiot. Me, I am young in this story, equally spending and saving and hope to have some benefits from it in the future.

Couple of years ago? The price high for 2015 was about around $430 and price low was around $215. How is that possible that your brother both BTC20 for $22? Are you trolling here?

To OP, looks like your holding didn't go well. It's more like being an idiot if anyone will think that bitcoin is not good for long term holding. Trying to create a panic? It's impossible. To create a FUD you need to shake the market.

Did you make fun of him by typing both instead of bought or what mate you both are the same? anyways if holding was what idiots do then

I'm sure Satoshi should be feeling like a moron right now, but hey look at him, has billions of dollars just by holding, I suspect OP has lost some

Money because of the drop in price, but there is no need to panic you idiot just hold and enjoy when we reached $3000 in the coming week.

[john2231]

This is another way to encourage other people to sell their bitcoin just to push the price down and you know op will buy bitcoin for a cheapest price that is why he just encourage other people to sell you are idiot if you sell your bitcoin for low price..
Bitcoin is always experience  the same thing many thread made that bitcoin will be die soon or any that can push other people to sell...
The fact that bitcoin is really still alive and strong and the value is really high valued. wait for more month you can see the price increase more..

[tokeweed]

OP is prolly trolling. Everyone knows the long game is the winning game.

The long game works on a few selected cryptocurrencies, not all of them.  The best example would be Bitcoin.  It's the first and the most adopted of them all.  Despite it's shortcomings and all the drama going on with it, it's still proven to be the best model to follow as far as success in crypto goes.  All these new models being deployed by the new generation of ICO's remains to be unproven.  Give them a few years.

[Sniper44]

next time you are trying so hard to connect to an exchange that is down because of DDoS or whatever, and price is falling and you miss selling or when price is rising and you miss buying, at that moment remember this topic and this comment and know that these hodlers who you call idiots are laughing at you

[Barbut]

This question have many sarcastic answers, like it should have. Someone can try to trade, someone can try to gamble, some people are earning and saving and there is nothing bad in that, what more this strategy can be very good for the long run, people who save (just to point out that I'm not a saver) are thinking about future, but for 5 - 10 or more years into the future, not like me from today for tomorrow.
Long term holders, or hodlers are not idiots, its their choice and we need to respect it. Everyone have a right to decide what will do with earned bitcoins: spent it, save it, or try to make more from what you have, what ever choice you make its good and there is no discussion about it.

[Herbert2020]

This question have many sarcastic answers, like it should have. Someone can try to trade, someone can try to gamble, some people are earning and saving and there is nothing bad in that, what more this strategy can be very good for the long run, people who save (just to point out that I'm not a saver) are thinking about future, but for 5 - 10 or more years into the future, not like me from today for tomorrow.
Long term holders, or hodlers are not idiots, its their choice and we need to respect it. Everyone have a right to decide what will do with earned bitcoins: spent it, save it, or try to make more from what you have, what ever choice you make its good and there is no discussion about it.

when people make statements like OP they are bound to receive these types of answers too.
and there is always going to be advantages and disadvantages to any method you choose. the comment above you had a good point for example. for trading, you first need a reliable place to trade at and i don't think there is anyone that doesn't know bitcoin exchanges are not reliable at all!

it is not just the risk of them turning into a new Mt Gox but it is all the delays, the downtimes and the bugs they have. bitstamp went down yesterday at the peak of trades, i think a couple of others did too although it was very short. poloniex always goes down when altcoins are dumping....

you see the reliability is not there so you can't really blame people for not wanting to go through all the agony of trading

[Vishnu.Reang]

Long term is for losers.

Hope you have seen the articles of people making millions for the coins they were holding for years,if you have read those articles just google it and read it and understand how they earned their millions by investing just thousands of dollars and then come to a conclusion whether losers are the one holding the assets for a longer time.

I tend to agree. In the early days, a lot of the users were spending their Bitcoins very carelessly. The story about the 50K pizza purchase is very famous. Only a select few decided to save their coins. Almost all of them are millionaires now.