Hodlers will not change the world

[Kez1817]

   I think you had a point,if a lot of people keep on holding their is a possibility that crypto will die that,s why we need to do something to make a crypto market balance. But i also think that people holding their coins because of possible losses due to the market situation. Maybe there is another way we can do to help market rise with or with out holding our coins.

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[Diced90]

   I think you had a point,if a lot of people keep on holding their is a possibility that crypto will die that,s why we need to do something to make a crypto market balance. But i also think that people holding their coins because of possible losses due to the market situation. Maybe there is another way we can do to help market rise with or with out holding our coins.

Fair point. But the only reason HODLers are holding their coins is as an attempt to be safer and cut down on losses and to change the mentality would be really difficult and no one would want to take the hit, apart from traders but these people live on risk

[Viranz]

Of course, because the hodler does not contribute anything to bitcoin and just wait for the right time to sell it when its price rises because it is caused by the traders who do it.

[DoublerHunter]

   I think you had a point,if a lot of people keep on holding their is a possibility that crypto will die that,s why we need to do something to make a crypto market balance. But i also think that people holding their coins because of possible losses due to the market situation. Maybe there is another way we can do to help market rise with or with out holding our coins.

Fair point. But the only reason HODLers are holding their coins is as an attempt to be safer and cut down on losses and to change the mentality would be really difficult and no one would want to take the hit, apart from traders but these people live on risk

Hodlers are there because they believed for the long term future of cryptocurrencies and because of the cryptocurrencies that they are holding, they believed that it will give benefits and changes to themselves so they keep on holding and they don't think about selling it because it is just against to their idea and belief.

[sieemma]

Holders can not change the world, especially in cryptocurrency. But they have a role in the stability of cryptocurrency, they keep their coins without worrying about prices that will continue to fall. They are people who believe in cryptocurrency, much better than panic sellers.

Indeed hodler help in the control of instability of cryptocurrency prices. The reason for the ups and downs in cryptocurrency prices is just because of how people panic when there is a bad news concerning crypto. They do not consider whether it is a fake news or from a trusted source and even if it is from a trusted source, by hodling your coins the price should be a little stabilized. I do not think people from the US will change their USD to a different currency when the dollar starts to depreciate. So it is our own making that crypto is the way it is.

[khaled0111]

Bitcoin and other cryptos are not meant to be stored for ever, they are here to be used daily as any other regular currency.
Holding may be profitable for the holder but it harms the cryptocurrency ecosystem.
What is the worth of a crypto if everyone holds it in his wallet!! it will have no weight and its price will be equivalent to zero.

[MidKnight]

I agree that we need to have more real life users than holders or traders. But I think that we will reach that stage eventually. Huge companies are implementing blockchain and I know that FB is on its way to create their own crypto so just let things set on their own pace because crypto will stay and that is the truth.

[SeVenlast]

   I think you had a point,if a lot of people keep on holding their is a possibility that crypto will die that,s why we need to do something to make a crypto market balance. But i also think that people holding their coins because of possible losses due to the market situation. Maybe there is another way we can do to help market rise with or with out holding our coins.

Fair point. But the only reason HODLers are holding their coins is as an attempt to be safer and cut down on losses and to change the mentality would be really difficult and no one would want to take the hit, apart from traders but these people live on risk

Holding is the best way to see the price at a later date and does not rule out that the price will go up and according to what we describe.

[marblemarble]

I agree that we need to have more real life users than holders or traders. But I think that we will reach that stage eventually. Huge companies are implementing blockchain and I know that FB is on its way to create their own crypto so just let things set on their own pace because crypto will stay and that is the truth.

You are right about eventually reaching this stage but shouldn't ordinary people also participate in the process? It seems a bit depressing to just sit and wait for big corporations and companies to issue their own cryptocurrencies and rule the crypto world.

[d5000]

But the only reason HODLers are holding their coins is as an attempt to be safer and cut down on losses and to change the mentality would be really difficult and no one would want to take the hit, apart from traders but these people live on risk

Hodlers are there because they believed for the long term future of cryptocurrencies and because of the cryptocurrencies that they are holding, they believed that it will give benefits and changes to themselves so they keep on holding and they don't think about selling it because it is just against to their idea and belief.

What hodlers should understand is that they can achieve the same effect if they follow the strategy I outlined in this earlier post: spend & accept.

They simply have to plan a bit and keep checking their balance: approximately spend the same amount of BTC in a timeframe (e.g. per month) than the amount of BTC they get as an income.

I know that not so much people may have the opportunity to accept BTC for their work. But they could start a freelance side-project and gradually reduce hours of their regular job (if they can) and so slowly become more independent from the fiat system. Or, if this is not possible, the easy way: every month re-buy the same amount of BTC than they spent. That should be possible for everybody, and it already helps the ecosystem.

The only disadvantage is in countries like Germany where you have tax advantages if you hold your coins for more than a year. In this case I would hold exactly a year and then start the "spend & receive" cycle.

(I have a little hope that this thread doesn't evolve into a pure spam megathread - if yes, then this is my last post here.)

[makenoise]

Obviously, it is not "first". You can find these people even here, on bitcointalk. So it is about transferring wealth from one generation to another. Inventory something that does not have intrinsic value in the end is an exercise in ignorance and vain, and now it is time for this point to be proven in practice. Simply put, electronic money is not gold, digital or otherwise, and in the long run, keeping them is very likely to hurt you badly.

[beinformed]

You are currently paying for that stuff in fiat. Then convert part of your budget into bitcoin and spend at these sellers. I am doing this with my food budget and in that way I support local Bitcoin merchants and I supply oil to Bitcoin ecosystem.

[Wesley Gardner]

It’s important to remember, banking in the traditional sense is a corporate offering, it wasn’t given as a gift to humanity the way Bitcoin was.
First and foremost banks are designed to extract maximum value from the user base.
Banks are not in business to make friends, they are in business to extract maximum profits from the public as quickly and deeply as possible.

Maybe if the banks followed the law and stopped acting like corporate raiders, people would see them as something other than gangsters corrupting the political landscape and plundering the public good.

[Existence]

To develop crypto currency as a means of payment, you need time. While this is too difficult for an ordinary person. And the technology itself is not yet ready to assume the role of fiat money.

Our experience shows that customers are ready to buy for crypto, while sellers are ready to accept it. We see it on our platform where deals are made and transactions are performed. Even though there are not many of them, dozens maybe, but still transactions are performed and people are happy. The sellers are happy and so are the customers.

[dadanpradana]

maybe when holding Altcoins who are not strong financial foundation will end in a tragic because Altcoins is not developed by the developer.

but maybe the developers also do not want the coin they created just crashed. I hope all developers can see this problem for the future.

[tutorroma]

Relying on speculative bitcoin not to continue to grow, I agree that the only feasible solution is that people actually start using encryption in their daily life, and only then the bitcoin will be more valuable.

[drachman]

They will not change the world, but largely thanks to them we are now holding the market afloat. Even if these guys begin to throw off their assets, we will get even more negative in price, although on the other hand - more grammous investors and traders will be able to make the purchase even lower from the current price. In any case - the main thing is to believe, and if a person believes and keeps an asset - we wish him all the best) Perhaps soon they will become very rich people and we will envy them a little)

Exactly if whales began selling their coins we will see a crash in the market immediately in fact we have seen many people worried just when they see the whales moving their coins, can you imagine the panic that will happen if a big whale began selling all his coins? This will crash the market immediately and right now that is the last thing we need.

[heinz]

But they will stop all those dumps that are happening on a daily basis, so it can stop something after all. I think that they are not going to change the world, but take it as reference, they are stoping all the bleed at some point

[Shushale65]

It is thanks to HODL participants that the crypto currency market is developing now, because thanks to the fact that they do not cash their crypto currency, this market survived in difficult times.

[Coinnosaurus]

Without trully holders there would be no such ecosystem for crypto today and very soon price of bitcoin will be equivalent to zero.