Hodler, you motherfucker.

[LUCKMCFLY]

The more I read the comments from the hodlers, the more I am convinced that they are making it the wrong way

It is a little bit more complicated than that

When you read something like "I will hold for a couple of years and see", you should keep in mind that for the most part you are dealing with a sort of forced rationalization. Basically, the vast majority of the so-called holders are made into holders against their will by a sudden price crash. As the trading wisdom says, if you can’t take a small loss, sooner or later you will see the mother of all losses

And this is exactly what happened to these hapless holders, i.e. they were reluctant to take a small loss when there was still a chance to get off relatively cheap. And now all they can do is rationalize their actions by convincing themselves that they "will hold for a couple of years and see"

Wait Deisik, some of us hold for more than couple of years, some of us are in bitcoins much longer. My first bitcoin was at 170 dollars, do you think the bear market from last year touched me hardly? Even OP started from 13000 dollars, that price was in January, February last year? So a guy hold about a year, more or less, and you compare him with me?
They don`t have other option than hold. It`s the best thing to do for people who bought in wrong time. Amount of bitcoins bought in wrong time should be putted on a side, add more money, wait for good moment to buy bitcoins for trading and start trading.

I very much agree with your opinion, in these moments the smartest thing is to maintain, to be a holder! Many have not realized that we are in the best phase of the market to buy and maintain, I am sure that whoever does this, will be a new next millionaire. If in my hands I had the opportunity to have a Bitcoin, I would keep it for years if necessary, the bitcoin will give a jump higher than $ 20k, $ 20k is just a roof.

[deisik]

The more I read the comments from the hodlers, the more I am convinced that they are making it the wrong way

It is a little bit more complicated than that

When you read something like "I will hold for a couple of years and see", you should keep in mind that for the most part you are dealing with a sort of forced rationalization. Basically, the vast majority of the so-called holders are made into holders against their will by a sudden price crash. As the trading wisdom says, if you can’t take a small loss, sooner or later you will see the mother of all losses

And this is exactly what happened to these hapless holders, i.e. they were reluctant to take a small loss when there was still a chance to get off relatively cheap. And now all they can do is rationalize their actions by convincing themselves that they "will hold for a couple of years and see"

Wait Deisik, some of us hold for more than couple of years, some of us are in bitcoins much longer. My first bitcoin was at 170 dollars, do you think the bear market from last year touched me hardly? Even OP started from 13000 dollars, that price was in January, February last year? So a guy hold about a year, more or less, and you compare him with me?

I thought it was obvious that I referred to those who bought at prices significantly higher than the current. This is the premise which you should take into account before drawing any conclusions. In other words, if you bought at 170 dollars, you don't fall into this category, so you simply can't compare yourself with these hapless bagholders. Well, in fact, you can but this is not what I meant

As this is not my point here

[manishanand]

Yes, you are correct that hodling is not a good idea but trading is also not a good idea as the market being manipulated by whales can lead to losses as we don't when the market can go up or down but surely it is much better than hodling.

[Ispep]

the holder if the hold is a coin that has the potential like ethereum or bitcoin might be a good thing. but if the one held is a coin that does not have potential I think it will make a loss and it doesn't have to be done,

Hodling shitcoins with the hope of them rising is something that should not be done, though 1 in 10 of such coins may turn out to be very good in the future, but making the right pick is definitely the issue
But with that being said that's the reason why it's adviced to diversify, so you could hold both the ethereum, bitcoin and other promising coins as well as not so promising ones.
Hopefully in the future some or most of them could earn you a large amount of money

[ethereumhunter]

Yes, you are correct that hodling is not a good idea but trading is also not a good idea as the market being manipulated by whales can lead to losses as we don't when the market can go up or down but surely it is much better than hodling.

It depends on the plan and strategy we used. No matter if you want to hold or trading, if you can accept the risk, then you can choose one or both at the same time. But you will need to realize that holding and trading is not easy, and we need to be patient. I am not sure that the whales always manipulate the market and I think not all whales can get a profit because maybe there will be a whale that is not doing anything and only watching the price to go up and down every day.

[CoinChili]

Stop hodling, trade.

If strategy 1 works for Peter, doesn't mean it goes well with John. If one does not good in trading but does well with hodling, then it is fine. As long as he still gain profits out of it. Some are failures in the field of trading but gain success as a long term/short term investor. Or vice versa.

[iv4n]

The more I read the comments from the hodlers, the more I am convinced that they are making it the wrong way

It is a little bit more complicated than that

When you read something like "I will hold for a couple of years and see", you should keep in mind that for the most part you are dealing with a sort of forced rationalization. Basically, the vast majority of the so-called holders are made into holders against their will by a sudden price crash. As the trading wisdom says, if you can’t take a small loss, sooner or later you will see the mother of all losses

And this is exactly what happened to these hapless holders, i.e. they were reluctant to take a small loss when there was still a chance to get off relatively cheap. And now all they can do is rationalize their actions by convincing themselves that they "will hold for a couple of years and see"

Wait Deisik, some of us hold for more than couple of years, some of us are in bitcoins much longer. My first bitcoin was at 170 dollars, do you think the bear market from last year touched me hardly? Even OP started from 13000 dollars, that price was in January, February last year? So a guy hold about a year, more or less, and you compare him with me?

I thought it was obvious that I referred to those who bought at prices significantly higher than the current. This is the premise which you should take into account before drawing any conclusions. In other words, if you bought at 170 dollars, you don't fall into this category, so you simply can't compare yourself with these hapless bagholders. Well, in fact, you can but this is not what I meant

As this is not my point here

Explain your point, maybe I didn`t understand what you wanted to say, no harm I believe. I wanted to say that we can`t be forced on something. We always have a choice, talking generally, to invest and trade with investment, to hold from beginning, when price going down to hold and wait for investment to recover or to sell and cut loses. My point is that one person can`t blame others for any mistakes and bad investments, and what works for one maybe will not work for others.
Anyway I think this discussion is too general, every case is different and unique.

[devinks]

Yes, you are correct that hodling is not a good idea but trading is also not a good idea as the market being manipulated by whales can lead to losses as we don't when the market can go up or down but surely it is much better than hodling.

indeed holding back is not a good enough way to trade because holding it is for people who invest because waiting for the right time to release the coins he invests. so for trading, holding coins is not good but for a market situation like this it is a good way to prevent losses

[JohnBitCo]

Lol, I kept laughing while reading this didn’t your friends tell you that you’re meant to invest what you can afford to lose? Why would you invest all you have in cryptocurrency, didn’t you read about it to know the risks involved? Google is right there and you should have made some research to know exactly how it works. It is not free money and here is no guarantee you will make money, you either go broke or succeed.

I think he should learn from the mistake and realize that every investment, not just in crypto, has a big risk and we can lose all the money we have in any second. The big mistake with those people out there is they become greedy when they see the price increase so high and makes them think "Oh boy, I should buy that coin before it's higher".
So he uses his power to buy but suddenly, the price fall to deeper price, and he is angry because he makes a mistake.

The biggest mistake which people make in crypto is that do not buy when the market is Red and coins prices are low. When they see that coin prices are rising then they jump in the train which is only because of fear of missing out. Most of the time, they enter at the very top and once they entered, the big whales have already starting exiting the market. So those who enter in FOMO usually lose their money in this trade.

[Lanatsa]

Lol, I kept laughing while reading this didn’t your friends tell you that you’re meant to invest what you can afford to lose? Why would you invest all you have in cryptocurrency, didn’t you read about it to know the risks involved? Google is right there and you should have made some research to know exactly how it works. It is not free money and here is no guarantee you will make money, you either go broke or succeed.

I think he should learn from the mistake and realize that every investment, not just in crypto, has a big risk and we can lose all the money we have in any second. The big mistake with those people out there is they become greedy when they see the price increase so high and makes them think "Oh boy, I should buy that coin before it's higher".
So he uses his power to buy but suddenly, the price fall to deeper price, and he is angry because he makes a mistake.

The biggest mistake which people make in crypto is that do not buy when the market is Red and coins prices are low. When they see that coin prices are rising then they jump in the train which is only because of fear of missing out. Most of the time, they enter at the very top and once they entered, the big whales have already starting exiting the market. So those who enter in FOMO usually lose their money in this trade.

Its not a mistake but rather a normal thing to be felt of a certain investor because you would really hesitate to buy on a red market which you are fearing out that you might even suffer
even more deeper loss when the market tends to go dump much deeper.So, you are really hesitant to buy and only the ones who had the balls or risk takers will most likely be rewarded or make profits
when the market tends to reverse once again.

[Pursuer]

there is a lot of profanity used here and the topic is filled with naiveté! the fact that you simply categorize people as "hodler" and insult them shows you aren't really familiar with the term. you are confusing "bag holders" with "a long term investor".

a bag holder is someone who closes his eyes and buys any shitcoin that the group he is in is telling him to buy. sometimes it is a pump group, sometimes it is another bunch of newbies like himself, sometimes it is random things he reads among the advertisements. the result is a big loss above 90%.

a long term investor is someone who looks at potential and is not so willing to trust shady exchanges that can close down at any moment. he buys that potential while others are crying about why it is not rising. for example a good buy time was when price was between $900 and $1200 and everywhere you looked idiots were saying bitcoin is in a bubble and 2013 will be repeated because price is close to the ATH of that time. the result is becoming millionaires in a couple of years.

[Oceat]

Stop hodling, trade.

If strategy 1 works for Peter, doesn't mean it goes well with John. If one does not good in trading but does well with hodling, then it is fine. As long as he still gain profits out of it. Some are failures in the field of trading but gain success as a long term/short term investor. Or vice versa.

Trading is not really for everybody but one can learn how to make a living if he fails to trade then he must be good at long term investment. Sometimes you have to try as much as you can until you meet success and that's what the hard work pays off in time.

The problem of OP is that he does buy it in the wrong time and too excited to see the fluctuation to change so soon on his side yet the market is still on the bearish trend and nobody expected that but here we are and we have to deal with that.

[karungbitcoin]

Alot of holder loss much money ,because they just believe the price will keep going up and did not use any risk management. Price action of crypto really unpredictable and too high fluctiacion, no body predicted before if alot of altcoin dumped hard to 99%. So if we decide to become holder, we should be have enough risk management by cut the loss from wrong prediction.

[hipSter]

Actually I like hodlers. Because of them bitcoin has a huge possibility to rise. They buy only once, they don't sell. So bitcoin has a global bullish trend.

[Yaunfitda]

Actually I like hodlers. Because of them bitcoin has a huge possibility to rise. They buy only once, they don't sell. So bitcoin has a global bullish trend.

I guess there are lots of casual investors that do that thing. One, as casual traders its hard to buy 1 BTC immediately, two, if this is your strategy then there are some serious flaws on it.

It's better to buy in dips and also you don't have to buy 1 full bitcoin. You can slowly accumulate it by buying when there is a dramatic fall until such time you can have that 1 bitcoin you have dreamed off.

[deisik]

The more I read the comments from the hodlers, the more I am convinced that they are making it the wrong way

It is a little bit more complicated than that

When you read something like "I will hold for a couple of years and see", you should keep in mind that for the most part you are dealing with a sort of forced rationalization. Basically, the vast majority of the so-called holders are made into holders against their will by a sudden price crash. As the trading wisdom says, if you can’t take a small loss, sooner or later you will see the mother of all losses

And this is exactly what happened to these hapless holders, i.e. they were reluctant to take a small loss when there was still a chance to get off relatively cheap. And now all they can do is rationalize their actions by convincing themselves that they "will hold for a couple of years and see"

Wait Deisik, some of us hold for more than couple of years, some of us are in bitcoins much longer. My first bitcoin was at 170 dollars, do you think the bear market from last year touched me hardly? Even OP started from 13000 dollars, that price was in January, February last year? So a guy hold about a year, more or less, and you compare him with me?

I thought it was obvious that I referred to those who bought at prices significantly higher than the current. This is the premise which you should take into account before drawing any conclusions. In other words, if you bought at 170 dollars, you don't fall into this category, so you simply can't compare yourself with these hapless bagholders. Well, in fact, you can but this is not what I meant

As this is not my point here

Explain your point, maybe I didn`t understand what you wanted to say, no harm I believe. I wanted to say that we can`t be forced on something

It looks like we can in fact be

For example, if you bought bitcoins cheap (like at 170 dollars as you say yourself), you can easily sell your stash for a profit. But it is not the case with those who bought at, say, 20k (or anywhere above 10k, for that matter). And they are actually forced to hold as selling their coins right now would mean booking massive losses. In this manner, these people are made into bagholders against their will (as they were looking for profits, not losses, naturally). So they are forced to hold by low prices

[sana54210]

Alot of holder loss much money ,because they just believe the price will keep going up and did not use any risk management. Price action of crypto really unpredictable and too high fluctiacion, no body predicted before if alot of altcoin dumped hard to 99%. So if we decide to become holder, we should be have enough risk management by cut the loss from wrong prediction.

When it comes to being an HOLDLER, the best approach in managing the risk involved is to invest money based on future profit and based on money you are not desperately in need of anytime soon. Most day traders don’t complain of all these fluctuations that much because that is exactly where they make money from which everyone is free to enter the market anytime as a trader.

I remember one of my friends that had little money at hand to roof his uncompleted building and when he heard of btc, he pumped the whole money into it expecting to double the money within few months till the money went as low as 10% of his investment. It is his fault because he failed to study the market thoroughly ad also know what to go in as, it would have been best for him to go in as a trader rather than as investor.

[futile-resistance]

For example, if you bought bitcoins cheap (like at 170 dollars as you say yourself), you can easily sell your stash for a profit. But it is not the case with those who bought at, say, 20k (or anywhere above 10k, for that matter). And they are actually forced to hold as selling their coins right now would mean booking massive losses. In this manner, these people are made into bagholders against their will (as they were looking for profits, not losses, naturally). So they are forced to hold by low prices

The is the main reason why investing in crypto currency should really be void of speculations without going for fact, most people invest using their instinct and not following strong analysis using FA and TA.

I remember when bitcoin rose to 10000 usd, a lot of people where rushing to buy based on speculation without fact that it will rise to 21k within the year till bitcoin crashed to 3k, those are the ones finding it difficult now to be patient having to wait for it to rise back to 10k before even thinking of making profit. If they had technically followed analysis, they would have known that bitcoin will definitely fall back while they wait to buy at deep. So I will say that it is their ignorance that forced them to hold by low price.

[lovesybitz]

There is no investment in business on which there is risk. Remember for me in my perception you cannot be a good trader if you are not a risk taker. And being a risk taker it is a part of our success in the future to face this type of gambling business, in accordance to my understanding with it.

[Anies_Sandi]

Actually I like hodlers. Because of them bitcoin has a huge possibility to rise. They buy only once, they don't sell. So bitcoin has a global bullish trend.

therefore most of the holders are many who get big profits that make them even richer. so to hold bitcoin is one way to get a big profit later because bitcoin is a good coin