Anyone else think "long term" hodlers are idiots?

[pixie85]

It takes a lot of effort to be a holder. Most people can't do it because they are weak or scared or lack dedication and willpower. Sometimes they are just poor and need money or get struck by a problem in life or family and need money. Not many of us can afford to spend 9000 USD for a bitcoin and forget about it.

For the above reason holders win and they will keep winning. If you can do what most people cannot you profit.

[Tduty]

You were wrong on that time mate because you never knew what gonna happen after four months of this thread! Bitcoin started pumping incredibly, went to 19K USD, Altcoins had the bull fun, ICO industry had a golden time! What a time was that! But in the present condition, yes long term holders did a mistake! Because you have to know when to sell and when to buy, otherwise you won't make good things only by holding!

[STT]

BTW dont you think the exact opposite could be true, for a market sector that has continually reaching greater highs for ten years even after pulling back substantially; selling was arguably wrong at any point.     How can anyone come to the conclusion to hold is a negative in something so hard to judge but with such great growth.  
   Years ago not super long after I registered on this forum, I sold some BTC to buy a monitor.   Fair enough, its been used and it wasn't frivolous or anything but if I had opted not to get the monitor and just continue on squinting that BTC would probably buy a truck now or a large deposit on one.   That would have been nice, its far better to find ways to employ BTC and still retain it as an asset rather then swap to FIAT.
  Thats the story of capitalism pretty much, the money circulates to serve a purpose despite saying its not fair to one side for various reasons.  Its actually beneficial to see a good exchange between all points on the network, I dont believe in only hodling or selling and never coming back just try to do a little of both and neither side is wrong imo.

[Searing]

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'm a long term HODL'er and I sometimes think so. But it is much easier to be a long term HODL'er and have your delusions if you have been one since 2013

and Bitcoin was on Oct 18th, 2013 when I started mining on my KNC Jupiter BTC miner about 1 BTC a day!

Thus if you are correct, I don't 'sweat' my obvious idiocy all that much don't ya know. Probably I am clueless indeed, but somehow it does not seem to bug

me much, even if you happen (the op) to be correct.

puzzling? Can't be because of the BTC price now right?

Naw...this can't be because I'm a delusional idiot according to the OP..therefore I can't be that vain nor smart...indeed...BT

BTC HODL'ing since 2013 must be a hobby..yeah that's it I HODL as a hobby...all these BTC because I think they are pretty like marbles...

(shiny!)

Brad

[deisik]

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

How did they not have a choice?

First, they had a choice not to invest at all, and then to disinvest when there still was a window for that (to minimize their losses). Unless we are talking about investments in major coins, and not at their ATH's at that, these people most likely have already lost their small investments

Further, if you can't trade because you don't have a good starting capital, then there is nothing to worry about losing what you have simply because your investment is just too small on its own. You can't have it both ways

Thus if you are correct, I don't 'sweat' my obvious idiocy all that much don't ya know. Probably I am clueless indeed, but somehow it does not seem to bug

You were just lucky to buy (mine) very cheap to still see handsome profits. This is not the case with most so-called long-term holders (read, there is nothing to brag about)

[Searing]

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

How did they not have a choice?

First, they had a choice not to invest at all, and then to disinvest when there still was a window for that (to minimize their losses). Unless we are talking about investments in major coins, and not at their ATH's at that, these people most likely have already lost their small investments

Further, if you can't trade because you don't have a good starting capital, then there is nothing to worry about losing what you have simply because your investment is just too small on its own. You can't have it both ways

Thus if you are correct, I don't 'sweat' my obvious idiocy all that much don't ya know. Probably I am clueless indeed, but somehow it does not seem to bug

You were just lucky to buy (mine) very cheap to still see handsome profits. This is not the case with most so-called long-term holders (read, there is nothing to brag about)

A $5,131.80 investment on a KNC Jupiter Miner is not luck, it is called investing or the big boys call it 'venture capitalism' most folks I know heard and knew about BTC but did

not act. I heard about it in 2009 but was otherwise occupied with Real Life Issues.  But did jump in about 2013. IMHO, everyone had the chance to get on the train in 2009 but

blew it off, thus, my come to papa moment happened earlier due to research again, most latecomers after I had the BAD LUCK not to revisit BTC and crypto till much later.

That is the way of Capitalism my friend, first at the table always eats the best.

[gabbie2010]

Long term investors had no regrets for hodling their coins obviously they not idiots, it is always painful for not getting to know bitcoin earlier, I would have bought massively and hodl for a longer term perspectives and wouldn't mind if called an 'idiot' after all I had made a huge profits and I would keep on hodling as far as bitcoin exist.

[Searing]

Long term investors had no regrets for hodling their coins obviously they not idiots, it is always painful for not getting to know bitcoin earlier, I would have bought massively and hodl for a longer term perspectives and wouldn't mind if called an 'idiot' after all I had made a huge profits and I would keep on hodling as far as bitcoin exist.

well, a person should hodl at least some 'dust' BTC for the next ATH. If such does not happen big whoop, if it was just money you can afford to speculate with...if BTC

succeeds you may think you are a very smart fellow in 2024 at the next halving.

BTC either works or it won't pick a side.

[Barbarian]

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.

The long term holders of bitcoin are still the greatest winners of this market, even if you bought bitcoin at the beginning of 2017 when it was around 1000 dollars then you are still obtaining 7.5x your capital after just 3 years and that is really good if you compare those kind of results to any other market and that is after a huge bear market, if we take that measure the next time we are in a bull market your profits could be 2 or even 3 times your current profits.

[wildan88]

Long term investors had no regrets for hodling their coins obviously they not idiots, it is always painful for not getting to know bitcoin earlier, I would have bought massively and hodl for a longer term perspectives and wouldn't mind if called an 'idiot' after all I had made a huge profits and I would keep on hodling as far as bitcoin exist.

well, a person should hodl at least some 'dust' BTC for the next ATH. If such does not happen big whoop, if it was just money you can afford to speculate with...if BTC
succeeds you may think you are a very smart fellow in 2024 at the next halving.
BTC either works or it won't pick a side.

too far to think halving in 2024, we have to see whether this year's halving will be as successful as 2017 and if it can make the new ATH better sell it immediately and not continue to hold it, because there will definitely be a big dump after that, well if we still hold it might be said to be an idiot.

[BChydro]

I'm a long term HODL'er and I sometimes think so. But it is much easier to be a long term HODL'er and have your delusions if you have been one since 2013
and Bitcoin was on Oct 18th, 2013 when I started mining on my KNC Jupiter BTC miner about 1 BTC a day!

If you are long term holder for bitcoin then you are smart but the market is filled with thousands of shit coins and token projects which are worthless and if you invest in those during the initial phase and did not bother to sell of when you hit the profit then you are going to be the bag holder. So where you invest makes a huge difference.

[Aying]

Long term is for losers.

Did you experience how to earn massive income in long term OP? or realize it now that long term investment in bitcoin is more profitable?  every long term investor now are not regretting why they choose to hold, they regret that they didn't invest in the start and hold it for long term. maybe you are included to those fools who are not knowledgable if they saw market price.  

[rijaljun]

If you are long term holder for bitcoin then you are smart but the market is filled with thousands of shit coins and token projects which are worthless and if you invest in those during the initial phase and did not bother to sell of when you hit the profit then you are going to be the bag holder. So where you invest makes a huge difference.

It is just them same as holding Bitcoin. If you are late to sell, you won't get anything but loss so I don't think you are smart just because you hold bitcoin for a long term. You are smart if you know when to sell and when to buy, cause the purpose of investment is to take a profit not just to see your portofolio stats increase.

And even there are many people believe Bitcoin price will go to the moon one day, it is now just speculation so it would be better if you can make money during the journey to the moon.

[tbterryboy]

Long term holders are not idiots as they have chosen the easiest way of trading; if anyone who understand that holding is still a type of trading will never think about holders as idiots. Trading skills are not possible for most people and this type of people simply choosing to be a long term holders. I guess if crypto space is not believing into long term holding then we cannot have the marketcap what we are having today; marketcap of crypto space might be doing under one billion dollar level too and bitcoin might be trading below $100 without long term adopters.

[spazzdla]

As I bought in from 1200 down to 200.  No.. no I think we are mini warren buffets


He is a buy and hold kind of guy.

Buy stocks cheap, get a large cash position when they rise. 

Rinse repeat for ever.

[Farma]

smart or not, it depends on what price you hold. if you hold it from a high price, I think it's a mistake. however, if you take advantage of the decline to wait for it to bounce back, I think it is a clever way. but, it all depends on the time.

[fabiorem]

I'm convinced we are. I have been holding for five years and didnt have all this profit the hodlers cult talk about.

If I had sold, however, would have seem some profit.

The sad thing is that I will need to hold for five more years until bitcoin is able to breach 10k again. Right now we are going to sub-1000s levels.

[JimboToronto]

I'm convinced we are. I have been holding for five years and didnt have all this profit the hodlers cult talk about.

If I had sold, however, would have seem some profit.

The sad thing is that I will need to hold for five more years until bitcoin is able to breach 10k again. Right now we are going to sub-1000s levels.

Are you trolling or just deluded? Your "facts" don't add up. You say you've been holding for 5 years. That means since 2015.

In 2015 the price of Bitcoin was well under $1k. The current price is over $6k. At one point it was over $19k. Even at its lowest point in between it was still over $3k.

Even at the worst reckoning you've made well over 200% profit. At best it was over 1800%. In reality if you'd bought at 2015's lows, your profits would have been 5x those numbers.

5 more years to "breach 10k"? LOL  Going to sub-1000s? Now I know you're trolling. Or maybe just a member of the trading cult.  

See you next year. Meanwhile, check out the Wall Observer thread to see how the more successful people live.

[fabiorem]

The WO thread is a clique. There is nothing of value to see there.

[wxxyrqa]

I'm convinced we are. I have been holding for five years and didnt have all this profit the hodlers cult talk about.

If I had sold, however, would have seem some profit.

The sad thing is that I will need to hold for five more years until bitcoin is able to breach 10k again. Right now we are going to sub-1000s levels.

The fact is that it is very difficult to predict the further development of events in the cryptocurrency market, but I am sure that every investor who has made long-term investments will receive very good profit, unless he hopes to make a profit in the near future.  In any case, you need to have additional sources of income so as not to disturb your investments, which may need to be kept for several years.
In addition, one must take into account the fact that in the coming events they can significantly improve the situation in the cryptocurrency market, since thanks to the BTC halving, prices have risen in previous years, which should be repeated this year as well, and for ethereum, a significant improvement will bring ETH2.0,  which in any case will affect the entire cryptocurrency market.  Therefore, I believe that Ethereum and Bitcoin are the best bidders for long-term investments.