All of you Bitcoin Hodlers are mentally ill - *Must Read!

[Dabs]

It's still too soon to say any of these. Just a few years ago, it was below $200. Now it's at least above $7000. Even if it goes down to $5000 or $4000, that's still much better than a couple years ago. Understandably, people want it to go back to ATH or beyond.

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[nreal]

It sounds like you are one of those people who hate bitcoin, I will not judge you because everyone has a unique perspective on bitcoin. There have been a lot of people who don't support bitcoin but according to them have changed.
As for the USD, regrettably the right to print money is in the hands of the Fed, this is a private organization and is not managed by the US government. So where is democracy?

[ubercool]

I got news for you mate, you're not the first one to sh*t talk about Bitcoin here and you'll definitely not be the last. Those who are not holding Bitcoin are always the one whose talking like this all the time. If you don't like it then don't be here.

[bdivrik]

You can't do hodl forever. Hold does not consistently win. You need to make a plan. Sales are needed when the right time comes. If you do not sell at the right time, there will be very bad results. Hold has no meaning.

[Bitstarzisascam]

I completely agree with what the OP said, I been there done that since bitcoin was at few hundred bucks, seen what I had to see and I'm out.

Everyone has their own opinions but always stick to your opinion if that what makes you feel better.

p.s, bitcoin helped me alot moving funds from country to country but that's not the case, I'm not gonna feed a whale Private jet trips because I put in 20k investment or even a million dollar investment

Thanks.

[barabarian1]

This entire bitcoin space breeds greed, envy, fear, and lust. All you of hodling bitcoin are mentally ill. You have been conned into thinking bitcoin is going to the moon. It's not. Charts show bitcoin is slowly bleeding to death. Bitcoin is no different than Bernie Madoff's Ponzi scheme where new bag holders are needed to pay off the earlier investors.

Mass adoption of bitcoin will never occur. Sorry! The price is far too unstable to be used as a form of payment. Businesses would get crushed if they took bitcoin as a payment due to the wild price fluctuations. Then you have to worry about the IRS on your ass to pay taxes. Is hodling worth the stress? Absolutely not. That's why women laugh at bitcoin and think it's a scam. Notice the crypto space is all dudes?

Say what you will about the US dollar, but it's still backed by a democracy and the most powerful military in human history. Accepted everywhere. Bitcoin is backed by absolutely nothing. Gold is backed by 5000 years of history of holding value, and is recognized worldwide. Women love gold. It's beautiful and tangible. A real asset worth owning.

I'm sorry, but you HODL'ers are mentally ill and are going to get crushed when bitcoin collapses in the coming recession. Bitcoin is going to get dumped fast as people need money to pay bills and survive. If you bought bitcoin early and already cashed out with gains, you are a wise investor and have my respect. If you're still hodling, your finances and reputation are on the line here. A reputation with your friends and family you can never get back. Don't risk it. Dump your bitcoin now before it wipes you out!

everyone has a different opinion about bitcoin, some reject and some accept. but you shouldn't say rude that bitcoin holders mentally ill are very rude.
if you don't believe in bitcoin it's your right but don't insult those who believe in bitcoin. many people can achieve financial freedom because of bitcoin investment. although bitcoin doesn't have strong support like usd but it doesn't mean bitcoin is weak. bitcoin has survived for 10 years and currently also has a good development every year more and more governments and companies are accepting bitcoin. so I'm sure even though the current value of bitcoin is going down in the future bitcoin will pump again.

[Dabs]

As some smart people have said in the past:

There's a fine line between genius and insanity. I have erased this line. The difference between insanity and genius is measured only by success and failure.

10 years is too soon to say anything about an internet based currency, although plenty have been said already, as the value of such has increased since it started.

It is likely to keep increasing into the future, for at least another 10 years.

[Murat]

Yeah, It's true that our expectation is too high to get rich with this scheme, I don't have much imagination from this platform because I have seen a lot of ups and downs of this system so far, I think Bitcoin is not a general thing that it will come easily to us, within this blockchain system, I think Bitcoin is the one which could have a strong platform in comparison to another coin, But I haven't found any negative thing of holding Bitcoin for the future purpose, I think when you see a low price then you should buy Bitcoin because of the short term investment. when the price will get high then you may sell your Bitcoin, So you may collect a handsome amount of money within a given time.

[julius caesar]

Some of the other people really relies all of their money in the market trend of the bitcoin. They have invested all of their money there that is why they become so paranoid when the price of it drops. Little did they know that volatility is the main characteristic of bitcoin and they must accept it. The good thing is that bitcoin price recover so fast so do not lose hope everyone.

[Meowth05]

Some of the other people really relies all of their money in the market trend of the bitcoin. They have invested all of their money there that is why they become so paranoid when the price of it drops. Little did they know that volatility is the main characteristic of bitcoin and they must accept it. The good thing is that bitcoin price recover so fast so do not lose hope everyone.

Exactly, besides you don't need to place all of your funds in Bitcoin that is why they always said you should invest only the amount you can afford to lose. Way back 2009 Bitcoin was almost priceless in fact I think 10,000 is just worthy of a pizza, what am I pointing out is that you never knew the market and even the Bitcoin is unpredictable you can either gain profit or loss it, you take the risk. I take the risk of Holding simply because I've seen what are the capabilities of Bitcoin besides, because of this technology I manage to earn profit while I have no job way back then.

[ViceOfBTC21]

To each their own. Sure, Bitcoin is pretty risky, but it doesn't mean you should post here if you are anti-Bitcoin.

Let me quote from Bitcoin Wiki:

In a Ponzi Scheme, the founders persuade investors that they’ll profit. Bitcoin does not make such a guarantee. There is no central entity, just individuals building an economy.

A Ponzi scheme is a zero sum game. In a Ponzi scheme, early adopters can only profit at the expense of late adopters, and the late adopters always lose. Bitcoin can have a win-win outcome. Earlier adopters profit from the rise in value as Bitcoin becomes better understood and in turn demanded by the public at large. All adopters benefit from the usefulness of a reliable and widely-accepted decentralized peer-to-peer currency.[4]

It is also important to note that Satoshi Nakamoto, creator of bitcoin, has never spent a bitcoin (other than giving them away when they were worthless) which we can verify by checking the blockchain.

First of all, everyone chooses if they want to take such risk or not. In investing, there are more risky and less risky approaches, which refer to higher potential profit and lower potential profit.

Anyway, take care and remember that you always should be debt-free.

[Maotezi]

Bitcoin holders are very promising people who plan for the future and hopefully, I know that from my experience.
If you are planning to scare or hurt someone on this topic because it is not possible. They would not be in the position if they listened to other people, and they would never make anything out of their lives if someone told them what to do.
Such people are special and lively enough, very resourceful and born to succeed.

[Edraket31]

Bitcoin holders are very promising people who plan for the future and hopefully, I know that from my experience.
If you are planning to scare or hurt someone on this topic because it is not possible. They would not be in the position if they listened to other people, and they would never make anything out of their lives if someone told them what to do.
Such people are special and lively enough, very resourceful and born to succeed.

Agree, those who are holding Bitcoin did some research before they'll finally taking risk of holding Bitcoin, so we don't need to judge them instead let's see what they have seen in Bitcoin that they are risking their money, we do have different strategies to earn and if this is what they think can help them then why not just support them.