Anyone else think "long term" hodlers are idiots?

[jvdp]

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.

We have no choice to agree this.Why because the cost of bitcoin is keeps on increasing now a days. If u keeps your bit coin for longer. Whose know even u may become a millionaires. Their is a chance to become a millionaires too.No one can judge the price of the bitcoin in future.

[Yuuto]

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 really do think that you are just salty that you didn't get into the bull run beforehand.

Obviously, short term trading is able to generate you more profit, but with that increased profitibility, comes a much larger risk.

Bitcoin is a disinflationary currency, meaning that in the long run, the supply will pretty much stablilize, and price will climb steadily as more people use bitcoin, demand goes up by supply cannot be altered.

If you are a trader, obviously you're going to go with short term to medium term trades. But if you are just an average Joe without the trading experience, then long term holding is a good idea as bitcoin is a store of value.

[Shinpako09]

I never think long time holders are idiots. Maybe they are missing to get a profit by short term trading but we can't blame them if they don't want to take a risk on it. I actually admire them that they can resists not to touch their coins for a long time. And how many of the bitcoiners today can do the same thing, only few. I would do the same if i'm also holding a decent amount of btc.

[deisik]

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

It's his evil twin, obviously

Regarding Bitcoin being a deflationary currency as has been mentioned before, technically it is so, but it doesn't mean that its price is set to rise indefinitely. First, with prices rising price volatility is set to rise even faster, up to a point when the price would lose any meaning as a reference point. Further, we should not forget about altcoins, and if Bitcoin rises, they will rise too, and as is the case with volatility, they will rise faster, up to a point where they will start to receive more liquidity than Bitcoin (in absolute terms). In fact, both of these points have already been proven in practice. The bottom line is that Bitcoin price may hit a ceiling one day with the demand for it running dry

[veleten]

if you ask any "long term" bitcoin holder if they thought you were an idiot
I think they would nod or just smile into their bushy,millionaire,well groomed moustache
they are clearly not "idiots",they stuck to what they thought was right and got rewarded for it
not running around the yard-forum like headless chickens after every 10% price movement ,while the homegrown free range analysts
are predicting demise for bitcoin and cryptocurrencies in general every other day

maybe if you become a holder yourself now,in 10 years time,some aspiring newbie will post a topic like that,asking if 2017 holders are idiots
with bitcoin valued at 97.560.00 $ a piece,that is

[Obito]

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.

Indeed, I don't think bitcoin holders are not idoit. Instead I salute those people who are hold their bitcoins for a long because they manage to wait and now they gain a high profit especially on who hold their bitcoin since 2009. Because of their patience they became rich so that don't underestimate the bitcoin holders.

[tabnloz]

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

Think I remember his shitposting from the last bear market.

In general holding is a winning strategy because the market, like OP, is still going through puberty.

I mean, exchanges are still going down during dumps, ETH can't handle ICO load and dumps on 4chan Proof of Vitalik, Bitcoin has been debating scaling for years.

Big ups, big downs, but the bet is that crypto as a whole starts taking market cap from gold, forex etc etc.

Post 2020 halving should be the real deal

[spazzdla]

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.

Being up 200% in 4 years... I have smashed everyone in the stock market.. soo no I think I am a fucking god.

[cryptocratic]

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.

Absolutely agree. I may suppose also that they just repeat what other people say, but don't realize those people bought it for 10-100 $, of cause for them it's just a small correction.

[Supercrypt]

Active traders must be the losers especially with respect to bitcoin markets. There are many common saying like losses also part of trading / no one will be capable of predicting exact high and low then holding long term must be a wise decision. Long term holding eliminates all these problems of usual trading.

Satoshi Nakamotto must be a good example here. He holds his bitcoins from day one of bitcoin ecosystem that is the reason, it is believed his positions must be valuing more than $3 billion.

[1Referee]

Being up 200% in 4 years... I have smashed everyone in the stock market.. soo no I think I am a fucking god.

200% is obviously a very decent return, but in four years time I would have expected you to net more than that, how come? If you are the original creator of your account, you have had enough opportunities to buy a large number of coins below the $300 level back in 2015. If you combined that with some buying low and selling high, you would have made some great profits on top of that.

[lionheart78]

Well every person have their own perspective and idea when it comes to holding, I would say, I respect their idea and point of view.  No need to argue or brag about it especially someone pretending to know it all.  I am into a long term holding but would cash out in an instance if the needs arises.  And I would have said the opposite of what OP had stated.  Most who sold all their bitcoin during the early years are having the huge regrets of their life. 

[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.

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.

Auto typing mistake(both). Can happened. Yes 2015 price you said. I have never said what year, I said couple of years ago. I think that year was 2010...

[deisik]

Active traders must be the losers especially with respect to bitcoin markets. There are many common saying like losses also part of trading / no one will be capable of predicting exact high and low then holding long term must be a wise decision. Long term holding eliminates all these problems of usual trading.

Satoshi Nakamotto must be a good example here. He holds his bitcoins from day one of bitcoin ecosystem that is the reason, it is believed his positions must be valuing more than $3 billion.

This is a glaring case of selection bias (read more in Wikipedia)

If you want to consider Satoshi Nakamoto as an example here, you should also consider a few hundred creators of shitcoins (as well as thousands of shit coin bag holders) who didn't even remotely succeed at holding their coins. And you can be dead sure that the ratio is not in favor of Bitcoin. Apart from that, absolute holding without buying and selling from time to time is a losing strategy in the long term. Bitcoin is inevitably set to die one day (and that day may in fact be closer than you think), and if you keep your coins longer than that, you will lose all

[HaXX0R1337]

Satoshi Nakamotto must be a good example here. He holds his bitcoins from day one of bitcoin ecosystem that is the reason, it is believed his positions must be valuing more than $3 billion.

Who really knows whether Satoshi Nakamotto is still holding those coins,what i mean by that is,he might have lost access to his coins or he might have destroyed all the private keys he is holding,if not he would have cashed in already with the price so high.As a trader you have to move according to the market sentiments,if you are to hold for a longer period ,so be it,there is nothing wrong in it,no one can make money pretty quickly as the OP might think.

[Holliday]

Hodling > Your favorite exchange accidentally all your 1337 trading gainz

Also, let's not forget the Pareto principle and you can be damn certain it applies to those who play markets. 20% are profiting from the 80%. If you are good enough to be in the 20%, good for you, but most of us aren't.

[slaman29]

It's quite a harsh take on holders, but you need to understand what long-term means to people. I understand long term to be a period of years, not months. And financial industry people also see long term to be > 5 years. It sounds to me like you are talking about "recession" when there is no long term or even medium term recession going on in crypto.

[Taki]

Long term is for losers.

Long term is for those who have money and there is no problem to such people to invest a part of their capital in some promising project. If their expectations do not come true they will not regret.
I think real fools are those who haven't money at all and put it in some project without any thinking, just because of some of their friends or relatives did so.

[deisik]

Long term is for losers.

Long term is for those who have money and there is no problem to such people to invest a part of their capital in some promising project. If their expectations do not come true they will not regret.
I think real fools are those who haven't money at all and put it in some project without any thinking, just because of some of their friends or relatives did so.

I don't think the phrase "long term" is actually applicable here

It seems that you are mostly talking about venture investments here and such investments last as long as required until they bring enough profits and then the investment is closed by selling the asset or share in the business, or the whole investment gets lost if the business doesn't make it. So it is not about a specific term as such (unlike many Bitcoin investments that have a certain time horizon). The OP obviously means bag holders who bought a few bitcoins in the hope of making quick profits but when the price didn't go the way they expected, they turned into "long term investors"

[EpicFail]

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.

Auto typing mistake(both). Can happened. Yes 2015 price you said. I have never said what year, I said couple of years ago. I think that year was 2010...

To most English speakers "a couple of years " usually means two years, more or less.

To me what is more idiotic is trying to buy the bottoms and short the peaks.