Anyone else think "long term" hodlers are idiots?

[buwaytress]

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)

Which is why I've said in the past Bitcoin holders can be a misnomer for a lot of Bitcoin users -- if I can call myself that among others -- since we do maintain "savings" that we generally add to, but we're also using them all the time, more frequently even. Some keep seeking new ways to use it and for those earning chiefly in bitcoin now, as more and more freelancers I suspect are, it's more circumstance than choice that we're actually using bitcoin. This sets it apart from other alts, where most holders are simply just that... holders, without being users.

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[bittrafficme]

It's really a shame, maybe you can buy casino script for learning purposes or to take some free time with already written code and modify it for own casino but you can't launch casino business with just paying 100$ in script and that's all. It still even depends on script, I have seen professional ones that are rented. You can keep that script, but at least keep some shame and show your website to people with different template cause almost every new casino wears same cms and same design, it's not nice.
I'll include link of official script to prove fairness of my words: https://codecanyon.net/item/crypto-casino-slot-machine-online-gambling-platform-laravel-5-application/23088602

[Mihaylovic]

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 dont think so.
You shouldn't forget that till end of 2017, the holders were the real winners of crypto market. that long down trend does not mean that holders will not make good profits again in the future.

[Yurkov]

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 dont think so.
You shouldn't forget that till end of 2017, the holders were the real winners of crypto market. that long down trend does not mean that holders will not make good profits again in the future.

Not only in 2017, the hodlers proved to be market winners. It also happened a few times before - actually with every earlier ATH. I am sure that the new ATH is still ahead of us, so those who bought even during the bull run in 2017 will definitely have a chance to make a profit from this investment.

[Lanatsa]

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 dont think so.
You shouldn't forget that till end of 2017, the holders were the real winners of crypto market. that long down trend does not mean that holders will not make good profits again in the future.

Not only in 2017, the hodlers proved to be market winners. It also happened a few times before - actually with every earlier ATH. I am sure that the new ATH is still ahead of us, so those who bought even during the bull run in 2017 will definitely have a chance to make a profit from this investment.

But returns or profits won't really be that the same compared to those who hodl when the price was still low. The disadvantages of being a hodler is that you do miss out on selling on ATHs which you do already earn massive and just buyback when the market crashes but well its too late to regret because market is really unpredictable which you can't spot out on whats the possible peak price or bottom.

[Yurkov]

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 dont think so.
You shouldn't forget that till end of 2017, the holders were the real winners of crypto market. that long down trend does not mean that holders will not make good profits again in the future.

Not only in 2017, the hodlers proved to be market winners. It also happened a few times before - actually with every earlier ATH. I am sure that the new ATH is still ahead of us, so those who bought even during the bull run in 2017 will definitely have a chance to make a profit from this investment.

But returns or profits won't really be that the same compared to those who hodl when the price was still low. The disadvantages of being a hodler is that you do miss out on selling on ATHs which you do already earn massive and just buyback when the market crashes but well its too late to regret because market is really unpredictable which you can't spot out on whats the possible peak price or bottom.

Therefore, the best solution for long-term investment is to plan in advance the profit we want to achieve and not be guided by greed, but common sense. All those who do not sell at the time of the bubble usually lose patience and sell when the price drops. To be a good hodler, you just need to have great patience and get rid of greed. Then no one will ever call you "idiot".

[Captain Corporate]

 I have been a person who on/off has been holding bitcoin for the past 7 years this april, sure I sold some and bought some, earned some and spent some but none of that because what the price was, I have never been a guy who looked at what the price of bitcoin is when I do something with it, I look at it at bitcoin valuation and what I can get for it etc, I was here when I had over 2 bitcoins that I spent on silly stuff but I was here when I spent 0.2 on crucial life saving stuff as well and that 0.2 was higher in price than that 2 because I have been here that long. Never considered being long term an idiotic move, long term is actually people who think bitcoin will worth something more than just dollars.

[Naida_BR]

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 dont think so.
You shouldn't forget that till end of 2017, the holders were the real winners of crypto market. that long down trend does not mean that holders will not make good profits again in the future.

Not only in 2017, the hodlers proved to be market winners. It also happened a few times before - actually with every earlier ATH. I am sure that the new ATH is still ahead of us, so those who bought even during the bull run in 2017 will definitely have a chance to make a profit from this investment.

They are profit winners when the market goes up.
But in the last years the prices are moving only downwards making holders not having so many profits.
Having said that it is not worth it holding.

[Lanatsa]

Therefore, the best solution for long-term investment is to plan in advance the profit we want to achieve and not be guided by greed, but common sense. All those who do not sell at the time of the bubble usually lose patience and sell when the price drops. To be a good hodler, you just need to have great patience and get rid of greed. Then no one will ever call you "idiot".

Easy to say but really hard to be done yet this would really need for you to be somewhat like numb or emotionless.
Being a hodler would really need to pass all of these challenges for you not to able to sell if theres a bubble.
We cant really avoid that panic in mind unless if you decide not to look for the entire market condition for too long
and just forget that you have stored something on your wallet.

[UnDerDoG81]

Bought some at $200 and still hodling. I don´t feel like an idiot 

[andycarrol]

Bought some at $200 and still hodling. I don´t feel like an idiot 

damn its true? and after reaching a peak of $19,000 you don't sell it at all? indeed we will never know with the highest price that will be achieved by bitcoin, maybe you have a target to sell if it touches $50,000 or $100,000 right?

[deisik]

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?

This is a shaky and in fact rather flimsy argument

How so? Because it can be easily turned against you and your view. Okay, you say that someone bought a handful of bitcoins in Bitcoin's early years (before 2013), and he got pretty decent (actually quite handsome) returns for simply having the patience to hold long enough. Let's just say I agree with that

However, now imagine a situation when someone had bought as many bitcoins in late 2017 near or at the ATH. So how is long-term holding going to help him? Indeed, you could say that his pains will be rewarded in the future. But we don't know when exactly this future is going to come, and whether at all



As they say, everyone is wise after the event

[UnDerDoG81]

Bought some at $200 and still hodling. I don´t feel like an idiot 

damn its true? and after reaching a peak of $19,000 you don't sell it at all? indeed we will never know with the highest price that will be achieved by bitcoin, maybe you have a target to sell if it touches $50,000 or $100,000 right?

Sure I wish I knew 19k was the peak. But that time I did not care much and thought it might go higher. 40-50k sounds like a good exit point to me. At least I will sell 50% and invest 80% of that 50% into something else that gives me a monthly cashflow instead of just pure luck and speculation if the price goes up or down.

Still I am in profit and don´t feel like an idiot.

[purebitco]

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.

[barabarian1]

a person who makes a long-term investment is not a loser. because not all crypto investors have a lot of time to focus on crypto trading and making short-term investments. no problem making a long-term investment that is important coins that we hold can last long in the crypto market and can provide benefits.

[freedomgo]

a person who makes a long-term investment is not a loser. because not all crypto investors have a lot of time to focus on crypto trading and making short-term investments. no problem making a long-term investment that is important coins that we hold can last long in the crypto market and can provide benefits.

If you are holding for long term, you don't expect that all your coins will be profitable, when the bullish time comes, some of the coins you are holding might increase to 20x, 50x, or even 100 x, and that's the timing you will have to wait and then you can sell, doing that will make you profitable in overall.

Therefore, long term holders are no idiot.

[Landak]

a person who makes a long-term investment is not a loser. because not all crypto investors have a lot of time to focus on crypto trading and making short-term investments. no problem making a long-term investment that is important coins that we hold can last long in the crypto market and can provide benefits.

yes it does not matter, because it's everyone's decision and yours too. but the problem is whether your decision is correct? because sometimes when making long-term investment choices most end up badly and not in accordance with initial expectations. well maybe there are those who have succeeded in gaining extraordinary benefits, but sometimes crypto conditions are difficult to guess, it could even be that the assets that you hold will become worthless.
However, I agree that someone who makes a long-term investment is not a loser BUT if making the right choice.

[palle11]

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

Long term is for losers.

Not that they are losers but I see them as investors who are scared of taking risk.
Or on the other hand, they are not investors but hodlers because real investors always look out for a time to dump and buy in again cheaper. For the investors, it is about how to get a turn over.

[potatopower]

No, I don't think that way. Honestly, no matter how it looks now, I think it's the most lucrative and less risky long-term investment in Bitcoin. But it all depends on circumstances, when you purchased Bitcoin exactly and how long you kept it and when you sold it. So, to my mind, not every decision has its background and should be estimated on the basis of circumstances valid at the time.

[useless4]

They're cleverer for me than us. It is very clear that real long-term investors are betting on coins in the marketcap which are in the top and that have a lot of potential to grow in the future. They will be at the top for a long time, because these wealthy investors know it's got a shot of being used internationally and giving them a return far more than they expected. Holding long term is probably the best thing to do.