Anyone else think "long term" hodlers are idiots?

[STT]

Not sure how this idea comes up exactly.   If you think crypto is completely false then I guess day trading the gains might be considered smart, its too dangerous to hold while asleep because anything could happen and a person with zero belief in any fundamentals or ongoing expansion to the sector wont want to be left holding the baby.    I can get that take, its also true for a few markets that people want to day trade it with borrowed money.
   Thats all purely speculation and just ripping the numbers off the chart with no care for what the underlying dynamics might be.   I can respect the ruthlessness of pure profit seeking behaviour and its fine in open markets.

However thats not the whole picture.   This is also about technology development, a unique pivotal point in time for a variety of reasons.   There is a bigger picture and its not all a lie.   Even if you dont believe it will float, its just a clever crossword, game, division to real commerce and its all going to fall apart.   Fair enough but its also possible you are wrong, its reasonable to hold a new developing technology.
    In 1990 if had the genius to foresee technology unfolding combined with a couple other factors, maybe you buy $1000 of Cisco shares, maybe you hold them 10 years and perhaps you end up with a million for your troubles.   Some days the prices fall and it doesn't even matter, that can be true in crypto as well.

[Swordsoffreedom]

Well, well, well "longtermers". Still "le hodling" your worthless bags?

Love to see what rationale you will come up with this time.

Just admit it - you missed the boat. Crypto is going only down from here on. We are in a downwards channel for years now.

Smart money pumped this shit and dumped it, idiots kept "le hodling"

You are really right and the key word in your statement is that cryptocurrency is only at the very beginning of its development, even though the cryptocurrency market has been in a bearish trend for a long time.  I’m sure that the time will come when I really show my potential, but only when the cryptocurrency is legalized in all countries and when its price is more stable, the thing is that these problems are on the way to mass use of cryptocurrency  .

lol stop coping. "Beginning of development" my ass. Crypto has been around for 10 years now, everyone has heard about it and the world collectively decided its kind of shit.

I don't want to feed the troll but just in case you are serious... How can you say everyone decided crypto is shit when the industry is worth several hundred billion dollars and 1000s of people are employed in the sector? Crypto is helping people move funds around the world which is still a problem with traditional bank transfers which can cost 100+ dollars for intercontinental transfers and take days. Crypto is helping people who live in countries with big inflation to store value.

[gentlemand]

Price when this thread was started - around $2500.

Price now - 3x higher or so despite a couple of years of beary fun.

Spare a thought for folks like OP who probably had 10,000,000,000x leverage and thought they were a goddamn genius until that pesky 65 cent move took every last penny.

I'll look forward to popping back when it falls from six figures back to five. Am sure I'll be utterly bereft. Until then - twat.

[deisik]

Price when this thread was started - around $2500.

Price now - 3x higher or so despite a couple of years of beary fun.

Spare a thought for folks like OP who probably had 10,000,000,000x leverage and thought they were a goddamn genius until that pesky 65 cent move took every last penny

You apparently refer to Bitcoin

But there's no direct reference or mention of it in the OP (yes, I checked). So while Bitcoin holders may not be idiots after all, given that most altcoins are left for dead by now, OP may not be wrong at all either, generally speaking, and not just about crypto (as jumping off in time is as important as jumping in). Although it largely depends on your specific entry point, there is a greater difference (in absolute terms) between today's price and the ATH of 2017, on the one hand, and today's price and the price when this thread was started, on the other

[bitbunnny]

I couldn't agree with that at all. Many people don't have enough patience to hold Bitcoin on long term and many think that is not profitable enough. But that is not true and long term investment has still the lowest risk and you can make very nice profit if you have developed your strategy and you are active investor.
Bitcoin price movements will speak for itself and the theory that long term investors are idiots.

[coin-investor]

I couldn't agree with that at all. Many people don't have enough patience to hold Bitcoin on long term and many think that is not profitable enough. But that is not true and long term investment has still the lowest risk and you can make very nice profit if you have developed your strategy and you are active investor.
Bitcoin price movements will speak for itself and the theory that long term investors are idiots.

But Bitcoin was and is intended to be a peer to peer and payment processor people should use it for what it is intended for, we can hodl but we need to use it also to buy stop services and ask merchants to also include it, imagine what will happen if all investors are just Hodlers I read in one post, that 60% of Bitcoin wallets are not moving their Bitcoin, I don't think this healthy.

[buyinbtc]

Well, well, well "longtermers". Still "le hodling" your worthless bags?

Love to see what rationale you will come up with this time.

Just admit it - you missed the boat. Crypto is going only down from here on. We are in a downwards channel for years now.

Smart money pumped this shit and dumped it, idiots kept "le hodling"

You are really right and the key word in your statement is that cryptocurrency is only at the very beginning of its development, even though the cryptocurrency market has been in a bearish trend for a long time.  I’m sure that the time will come when I really show my potential, but only when the cryptocurrency is legalized in all countries and when its price is more stable, the thing is that these problems are on the way to mass use of cryptocurrency  .

lol stop coping. "Beginning of development" my ass. Crypto has been around for 10 years now, everyone has heard about it and the world collectively decided its kind of shit.

why the hell are you here then? The fact that banks and governments put effort to stop it's adoption doesn't mean that is shit. Also, not "everyone" has heard about it as only around 1 per cent of the worlds people own any crypto. It actually still is in the very first steps of its development compared with the monetary system that we have which has been around for thousands of years. And holding for long term seems like an idiotic move only for those who neglect the opportunity of life changing gains in bitcoin and crypto.

[deisik]

I couldn't agree with that at all. Many people don't have enough patience to hold Bitcoin on long term and many think that is not profitable enough. But that is not true and long term investment has still the lowest risk and you can make very nice profit if you have developed your strategy and you are active investor.
Bitcoin price movements will speak for itself and the theory that long term investors are idiots.

But Bitcoin was and is intended to be a peer to peer and payment processor people should use it for what it is intended for, we can hodl but we need to use it also to buy stop services and ask merchants to also include it, imagine what will happen if all investors are just Hodlers I read in one post, that 60% of Bitcoin wallets are not moving their Bitcoin, I don't think this healthy

You can't force people to do anything

As long as it is economically rational to use Bitcoin for speculation (one group of Bitcoin users) and holding for future gains (so-called holders), there won't be any change. People are financially discouraged from spending bitcoins, while they prefer to spend fiat instead. This is a rational choice, and you can't change it

This effect has been known since ancient times and later became known as Gresham's law. Some people may be willing to spend their coins simply because their only source of income is cryptocurrencies, and they don't have access to fiat. But they don't make up the majority of Bitcoin users anyway, and thus can be discarded

[karanggatak]

everyone has their own way to be able to benefit from investing in bitcoin. short or long term investment it all depends on the decision of people who invest. we cannot impose our methods on others. because sometimes people are more comfortable making long-term investments because the risk of loss is smaller and doesn't require much focus and time. but if you invest in a short term or daily term, then every time you have to look and check bitcoin price movements. the most important thing from investment is we get profit. using the short or long term is all up to its users.

[Pamadar]

I couldn't agree with that at all. Many people don't have enough patience to hold Bitcoin on long term and many think that is not profitable enough. But that is not true and long term investment has still the lowest risk and you can make very nice profit if you have developed your strategy and you are active investor.
Bitcoin price movements will speak for itself and the theory that long term investors are idiots.

But Bitcoin was and is intended to be a peer to peer and payment processor people should use it for what it is intended for, we can hodl but we need to use it also to buy stop services and ask merchants to also include it, imagine what will happen if all investors are just Hodlers I read in one post, that 60% of Bitcoin wallets are not moving their Bitcoin, I don't think this healthy.

It will balance everything not just the price but the main reason of it's creation, the increase is unpredictable because of its volatile conditions. Though if demands flows up and people begin to learn this alternative currency it will serve the purpose while the value will increase and people who holds their coins as assets will be beneficiaries of long term engagement.

[Spaffin]

I think that long-term investors will still laugh at this whole situation.  First of all, it is necessary to take into account the fact that the results of long-term investments will depend only on a correctly selected portfolio.  Not all cryptocurrencies will survive and not all cryptocurrencies will have good prospects in the future, since no one has canceled the risk in the cryptocurrency market, since it is everywhere and always.  In addition, I want to recall those bitcoin owners who kept their coins from 2010 to 2017, when the price of Bitcoin soared from several centers, up to $ 20,000.  If an investment in a cryptocurrency is not a big drawback for a user, then all assets need to be stored for much longer than a year or two, since we are still at the very beginning of the development of the cryptocurrency market.

[deisik]

I think that long-term investors will still laugh at this whole situation.  First of all, it is necessary to take into account the fact that the results of long-term investments will depend only on a correctly selected portfolio.  Not all cryptocurrencies will survive and not all cryptocurrencies will have good prospects in the future, since no one has canceled the risk in the cryptocurrency market, since it is everywhere and always

But that proves the reverse of what you are trying to convey

If some shitcoin is going to kick the bucket eventually, holding it would be an exercise in stupidity and futility. The trader would get rid of such a coin as soon as he has seen the writing on the wall. The holder, on the other hand, will keep it despite all the warning signs. I don't how it can possibly be construed as long-term "investors" (as you call them) laughing at this whole situation. They must have a surreal sense of humor then, I should admit

[Sevvero]

To me, holding in the long term is not an idiocy, it was just the result of not having an option. Many long-term hodlers, as you will note, are just small investors. They have no choice but to hodl because they can't afford to lose the small amount of money in their pockets. Although some of them are trying to trade, they can't, sadly, because their money may not be a good starting capital.

What do you mean "not having an option"? You had an option to sell during obvious downtrend after 20k pop. Like you had so much time to sell anywhere in 12-18k range. LMAO how the fuck do you miss something that obvious? And yes, it WAS OBVIOUS!

[Barbarian]

I couldn't agree with that at all. Many people don't have enough patience to hold Bitcoin on long term and many think that is not profitable enough. But that is not true and long term investment has still the lowest risk and you can make very nice profit if you have developed your strategy and you are active investor.
Bitcoin price movements will speak for itself and the theory that long term investors are idiots.

If they do not have the patience to hold their bitcoin to get profits with this market that moves so quickly then what kind of hope those people have in the stock market which does not move as fast or what they will do if they decided to hold gold which is a market in which a whole decade could pass without any significant movement? Being an investor means accepting it will take a considerable amount of time to see profits and anyone that cannot accept this fact should not even try or they will lose their capital and become bitter about it.

[verita1]

HOLD strategy is not for idiots that is a way to win in the long term that is practiced by the community. In fact, I have noticed that there are programs created by some altcoins that appear at the top of the crypto market that offer their users this way of earning a percentage for holding it. As we all know crypto is in its first stage and its market is being created for various types of users. There will be those who are in favor of HOLD and who is not.

[nickenburg]

I dont think long term holders are idiots..
Sure if u sell all the time when the price is low you would be making much more money.

If u look at stocks 10-20 years ago you will see the price for almost all company's has risen a lot, I think that is going to be the same for Bitcoin, we all know the halvening is comming and what effect that will have on the price of Bitcoin.
Back in 2014 people where asking if Bitcoin could reach a 1000$ again  now the question is can it reach 20000$ again, and I think for sure that is a possibility we are going to see 100000$ bitcoins the next comming years is my prediction, and then those long term holders are going to be happy as well.

I agree the best would be to sell it at the highest point and then rebuy again at a certain price, but you would need to actually understand the market and do research.

[thisnewcoin]

No, I don't think that. The last bull run did not click for the long term holders but you have to remember by holding a long time some people become a millionaire! No one thought Bitcoin can come at this high, but holders had believed on it and they got a result already! I know many people who bought Bitcoin at 500$, just think about them, they are now rich people in my country!

[Barbarian]

HOLD strategy is not for idiots that is a way to win in the long term that is practiced by the community. In fact, I have noticed that there are programs created by some altcoins that appear at the top of the crypto market that offer their users this way of earning a percentage for holding it. As we all know crypto is in its first stage and its market is being created for various types of users. There will be those who are in favor of HOLD and who is not.

Holding an asset for a very long time and then sell it for a higher price is a known strategy that works all across the markets, it is very easy to execute and it can give you great profits, the only problem with holding is that you need a lot of time to see the profits that you want, but if you are a long term investor and you are willing to wait that is not really a problem, but many people believe they can become long term investors only to discover later that they can't and months later they want the market to skyrocket even if holding is not really about that.

[deisik]

the only problem with holding is that you need a lot of time to see the profits that you want, but if you are a long term investor and you are willing to wait that is not really a problem, but many people believe they can become long term investors only to discover later that they can't and months later they want the market to skyrocket even if holding is not really about that

This is not the only problem

Another problem, actually the major problem in this matter, is the fact that with cryptocurrencies, most cryptocurrencies I'd say, it is no use waiting no matter how long you are going to wait. In other words, if you bought some shitcoin and it kicked the bucket in the process, then no amount of waiting is going to help you even if the coin is technically still alive (read, it hasn't been completely delisted from all exchanges)

As you can see, well, as anyone can see, long-term holding has its own drawbacks and pitfalls which you must be aware of and concern yourself with lest you should turn into a bag holder for someone less long-term oriented and who knows better than recklessly holding (if I can say so)

[shield132]

Some people even think that those who invested in bitcoin and hold it are all idiots but who cares? Because just see statistics, no one can say that holding or even hodling wasn't beneficial because numbers are just proof of that. So now imagine those who invested in bitcoin when price was some cents and sold it when price was 20K. It would be a long term hold because price was some cents in 2008-2009 and we saw huge price rise in 2017 so what? If someone hold for 9 years, it would be more than 50000x rise in price. Are those people silly and are you smart who did 5% profit from trading or even lose that?