Hodlers are unscrupulous parasites. Here's why

[bitcoindusts]

Taking a bit of your side on the point of Bitcoin could lose value without utilization. In that aspect, Hodlers must hold a morale on length of hodling, a well self valuated period of time to determine whether Hodling is causing a pinch of pain to the market already.

Everyone is indeed entitled to do as they please with the bitcoin they hold, be it for spending, paying out or simply hodling. Yet again, i side with you that there must be more activity to utilize the value of bitcoin for it to continue to grow.

Though, i think calling Hodlers parasites are uncalled for.  Your point is well in place even without the parasite branding.

[Kakmakr]

OP, you get two type of investors these days. Before 2017, we mostly had "true" investors who recognised the technological innovation and the disruptive power of this technology and then the BIG BANG happened late in 2017 and every Tom, Dick and Harry wanted to invest in Bitcoin, because the price increased with more than 800% in one year.

The new generation of investors is only interested in the potential profits of this technology, but most of them are forced to hoard coins now, because they came in on a ATH price and the price has dropped significantly since the ATH of $19000+

We will just have to accept that people are hoarding for different reasons. 

[3kpk3]

It is easy to discredit the HODLERS of Bitcoin or any other altcoin like Ethereum, Litecoin, Stellar etc for that matter, but they are much better when compared to the weak hands at the end of the day op.

You do realize that Bitcoin is not exactly stable and is prone to extreme fluctuations, don't you? This is not exactly the ideal payment method at the moment which is why the volatility needs to go down over time so that Bitcoin is treated as an ideal payment method.

The HODLERS deserve their profits since they are HODLING their coins and tokens through positive and negative situations which is not easy to accomplish in this market.

[coinwizard_]

Hodlers are those who sit in the middle, i.e. do not dump the price but also do not help to day trade the volume up which may or may not increase the price. It is better for a coin to be supported by hodlers than panic sellers

[zikzag]

I agree with the opinion of the author of the post. Bitcoin will not become a means of payment if everyone looks at it as a long-term investment.

[Legendari]

Don't you think hodlers are the most useful type on the market? They do not allow the price to fall even lower. Yes, they do not participate in the development of bitcoin, but they do not allow the price to fall even lower.

[tee-rex]

You do realize that Bitcoin is not exactly stable and is prone to extreme fluctuations, don't you? This is not exactly the ideal payment method at the moment which is why the volatility needs to go down over time so that Bitcoin is treated as an ideal payment method.

I suspect that you have never wondered that these extreme fluctuations are due to people dumping massive amounts of coins which had been held for years, have you? Maybe, if these coins had been circulating, there wouldn't have been so massive dumps and then there wouldn't be so "extreme fluctuations"? Then how is volatility going to subside over time if there are still literally millions of bitcoins stashed and hoarded, just waiting to get dumped on our heads. And from time to time some stashes get released and dumped raw on the market.

Bitcoin is not stable right because of the hodler mentality prevailing, which many seem not to understand fully.

[BlockchainGod]

I think you're only partly right. Hodlers do not participate in the development of bitcoin and sit idly by, but they do not sell it, which keeps the price afloat.

[tee-rex]

Don't you think hodlers are the most useful type on the market? They do not allow the price to fall even lower. Yes, they do not participate in the development of bitcoin, but they do not allow the price to fall even lower.

You obviously see only one end of the stick or one side of the coin. Holding and hodlers as such wouldn't be a problem (strictly speaking, they still would be but for other reasons) if they never sold their coins. You evidently assume that they buy a bunch of coins and are never going to part with them. This is not the case. Well, some of them, especially early adopters and true believers are in fact waiting for a second coming (of Satoshi Nakamoto, let me guess) when they will be able to exchange their coins directly for real goods.

But this is not the case with the total majority of hodlers, which are ultimately going to sell their stashes for fiat as they hope to book handsome profits one day. And this part of the picture is the one you are so innocently missing as when they sell they sell it hard.

[Cindrella88]

The higher the amount of money in the property = the higher the trust in the eyes of potential investors will become the nurturer too. Once resolved, then the second layer can serve as a way to purchase groceries in a number of local stores without having to go out of the original BTC token. How? To truncate a long story, I agree that people, especially those who accept early ("pioneers"), who keep bitcoin for the sake of using it in the future are not signing. biotic. Basically, anyone contributing (or contributing massively in the past) to a bitcoin economy constructively is not by any means a parasite. Also, they are not necessarily looking exclusively for fiat.

[supermine]

Don't you think hodlers are the most useful type on the market? They do not allow the price to fall even lower. Yes, they do not participate in the development of bitcoin, but they do not allow the price to fall even lower.

You obviously see only one end of the stick or one side of the coin. Holding and hodlers as such wouldn't be a problem (strictly speaking, they still would be but for other reasons) if they never sold their coins. You evidently assume that they buy a bunch of coins and are never going to part with them. This is not the case. Well, some of them, especially early adopters and true believers are in fact waiting for a second coming (of Satoshi Nakamoto, let me guess) when they will be able to exchange their coins directly for real goods.

But this is not the case with the total majority of hodlers, which are ultimately going to sell their stashes for fiat as they hope to book handsome profits one day. And this part of the picture is the one you are so innocently missing as when they sell they sell it hard.

Everyone who is holding the bitcoin is just to make profits but they can make profits in terms of buying the products directly that is what they are supposed to do when they converted into fiat so if they have option of buying their needs with bitcoin they no need to other options like fiat.But still the process may take much longer and lots of people will sell their coins in the middle to buy the things what they wanted and it will make the adoption much slower even but they are not going to stop the adoption.

[tee-rex]

Don't you think hodlers are the most useful type on the market? They do not allow the price to fall even lower. Yes, they do not participate in the development of bitcoin, but they do not allow the price to fall even lower.

You obviously see only one end of the stick or one side of the coin. Holding and hodlers as such wouldn't be a problem (strictly speaking, they still would be but for other reasons) if they never sold their coins. You evidently assume that they buy a bunch of coins and are never going to part with them. This is not the case. Well, some of them, especially early adopters and true believers are in fact waiting for a second coming (of Satoshi Nakamoto, let me guess) when they will be able to exchange their coins directly for real goods.

But this is not the case with the total majority of hodlers, which are ultimately going to sell their stashes for fiat as they hope to book handsome profits one day. And this part of the picture is the one you are so innocently missing as when they sell they sell it hard.

Everyone who is holding the bitcoin is just to make profits but they can make profits in terms of buying the products directly that is what they are supposed to do when they converted into fiat so if they have option of buying their needs with bitcoin they no need to other options like fiat.But still the process may take much longer and lots of people will sell their coins in the middle to buy the things what they wanted and it will make the adoption much slower even but they are not going to stop the adoption.

That's what we all hope for. Right now I have to exchange a small amount of my litecoin stash for fiat to finance my daily needs and expenses. Obviously, I would be more than happy to remove the middleman from the process completely but I can't pay directly with crypto for virtually anything in the real world. This is how things are presently, and I don't feel like they are going to change for the better in the near future. Also, now I have a few bitcoins from the signature campaign which I also exchange for fiat occasionally (as you can see in the blockchain).

Nevertheless, I buy back everything that I have to convert to fiat when the prices retreat for a little.

[Vohoanghiep]

That's right, everyone hold the bitcoin and expect that its price will increase and they will make a profit. But they do not think the market will be better if they try to hold it, everyone keeps it, this will make it worth less and nobody wants to trade with a very penny. little transaction. Therefore, the best way to make it worth increasing is to trade whether its value is increasing or decreasing, do not abandon it

[jagdeepjd]

Basically, they are expecting that the price will grow as they sit idly on their hands. But this growth is not possible without other people actively using bitcoin, paying with it and selling for it - all those people who help create real value of bitcoin. And I know what hodlers are going to say in reply. That they diminish the supply and thus also contribute to this growth.

Your point is valid in some way but I dont think saying parasites to the hodlers is justifiable as everyone cannot do trading (may be due to lack of knowledge of TA or time constraints or some other reasons) so they want to be part of this space (for the sake of money may be not the tech behind it and to be frank most of the people here are for money if it was not like that then we would not have been seeing bitcoin at this level).

And for the buying with bitcoin part let me tell you bitcoin is not yet globally traded as currency for everyone to use it as an alternative of fiat currency to buy the necessities.

[Johnzky]

what the OP is talking about is not HODLers.. but fiat investors.

HODLers hold and want to keep bitcoin.. HODLers can even spend bitcoin. but they then get more bitcoin because they want to stay with bitcoin as their main currency.. what they have as their assets is majority bitcoin and not much fiat. and they dont wish to hold fiat..

but those only looking for a great time to exit bitcoin and be fiat rich are not HODLers

i think insulting HODLers is wrong. call what your describing by its real term and insult them.. FIAT LOVERS

You are right on that mate,Op don’t really knows what hes talking about those people who bought coins from Fiats can’t be totally consider as Hodlers because they only want to gain in specific price to achieve by the cryptocurrency they purchase,but the true hodlers are those people whos no care about what is the value today instead hes concern is the value in long run

[tee-rex]

Basically, they are expecting that the price will grow as they sit idly on their hands. But this growth is not possible without other people actively using bitcoin, paying with it and selling for it - all those people who help create real value of bitcoin. And I know what hodlers are going to say in reply. That they diminish the supply and thus also contribute to this growth.

Your point is valid in some way but I dont think saying parasites to the hodlers is justifiable as everyone cannot do trading (may be due to lack of knowledge of TA or time constraints or some other reasons) so they want to be part of this space (for the sake of money may be not the tech behind it and to be frank most of the people here are for money if it was not like that then we would not have been seeing bitcoin at this level).

Parasites is the right term for those looking only for financial benefits via someone else doing all the dirty work for them, whether you or anyone else likes or not.

And for the buying with bitcoin part let me tell you bitcoin is not yet globally traded as currency for everyone to use it as an alternative of fiat currency to buy the necessities.

This is not the problem. Bitcoin or any other cryptocurrency may never make it as a means of payment, and that would be the real problem. It is quite possible that it will remain a niche instrument with a limited use, like digital gold but stripped of its gold aspect. In fact, this is what happening right now with altcoins. They seem to be losing their speculative component, but without it they are mostly useless, apart from a few altcoins like ethereum, litecoin, doges, which have their own areas of application, no less limited.