Why Some People think that long term Bitcoin holding is a dumb idea?

[KaliLinux]

I saw some people saying that long term holders are dumb because they keep holding on the losses and this is a stupid meme. But i don't agree with that, since we believe btc will grow even more. What do you think?
In my opinion that Both short term and long term have their own advantages and disadvantages. With long term, you may get bigger reward without taking much hassle. On the other hand, with short term, you have to follow a lot of things.
Long term investments are sometimes risky in case of cryptocurrency space, you know a lot of altcoin have disappear and it's possible that your holding will not be existed someday. On the other hand, short term investors can move anywhere since they are updated with the market.
I personally prefer long term holding but of course only the top ranked coin.

What you are talking about in terms of the risk of losing your crypto assets in long-term investment is actually true for Alts but that does not relate to Bitcoin investment. In fact, your best option with Bitcoin INVESTMENT is of LONGTERM and anything short of this is trading. investing in Bitcoin, especially in times like this, the bear market, and hodlin till the next ATH before taking profits in part or whole Investment is my strategy and not daily or short-term trading.

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[fennic]

What you are talking about in terms of the risk of losing your crypto assets in long-term investment is actually true for Alts but that does not relate to Bitcoin investment. In fact, your best option with Bitcoin INVESTMENT is of LONGTERM and anything short of this is trading. investing in Bitcoin, especially in times like this, the bear market, and holding till the next ATH before taking profits in part or whole Investment is my strategy and not daily or short-term trading.

Of course I can agree with you cause We do not what can happen with Alternative cryptocurrency because anything can happen with Alternative cryptocurrency. For example recently terra Luna was a big scam and that raised many questions and that just sucks and that's not too good. That's why BTC holding in long term can be beneficial.

[Bitstar_coin]

Different stroke for different folks, anyone who think like that has his/her reasons. Going by the history of btc price movement, holding is never a dumb idea, the only dumb thing is not holding at all.
Some people think this way because they feel holding btc won't give you the opportunity to accumulate more unlike traders and flippers can accumulate. Those who sold their btc at ath can now buy twice or more btc than if they had hold it without selling.
Holders on the other hand, don't usually sell at ath, they keep holding through to the next bull market which they are unable to accumulate more except they dca during the bear market.
Which ever approach a person decide to use is their choice not because they are dumb. And each approach will still yield a positive result long term.

[pawanjain]

Whether it be short term or long term, both of them have their own advantages as well as disadvantages.
We cannot really say either of them as the best one but as per history people who have been holding for a long term have got more profits especially in crypto.
One can try doing both and can find out which one works well for them.
I have tried both as well but for me long term holding have made good profits when compared to other trading methods.
That is why I prefer sticking to long term trading.

[Franctoshi]

Most newbie investors would definitely prefer short term holding and profits, while legendary investors would HODL, But basically for me I do Prefer holding Bitcoin and Ethereum for the long term perspective, while I can play around with other cryptos and holdl the above listed two cryptos, precisely Bitcoin which has historically proven to be more profitable in the long run than the short term and secondly, it's more secured and decentralized than every other cryptocurrency out there and that gives me more confidence to particularly hold Bitcoin for long term.

[isaac_clarke22]

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Some have their own pacing and people need to understand that. Maybe the short-term trading works for you, great! However the boundary is that not all of these things apply to anyone. You could be stressed out in your 9-5 job and you would not have a single time to trade even more or trade actively therefore just call it a "long-term hold".

As long as you're willing to lose what you invested anyway, it is fine regardless. Lose it? It's okay. Gained? Better.

Still not got any merit, just kidding 😂

Yikes. I know you're kidding, OP(hopefully) but the more you mention merits, the less people would be willing to award you one. They will probably award you a space in their ignore list most likely.

[piebeyb]

usually small traders prefer to play with short term trades to look for quick profits but usually it tends to be more risky because they have to control emotions in trading all the time, but if they are big traders put their money it's easier and don't have to control emotions and think your money is safely stored in your wallet, even though the price is going down of course this is a very important moment to buy it cheap and people who tend to invest long term calmer also get big profits, check the wallet in the next 3 to 4 years when buying cheap now and keep it in the wallet, the portfolio value will increase drastically, there is nothing stupid when you invest long term

[ethereumhunter]

Holding bitcoin for the long term is a good idea because looking at the history of bitcoin's journey, its price will start to increase and it will reach its next high. So if people still hold their bitcoins today and continue to buy while the price has not increased, they will have a chance to make huge profits in the future.

But some people use this moment to buy and sell and make a profit. Indeed, it will be risky because whatever decision we take will have an impact on the results we will receive later. So for those who think holding bitcoins for the long term is stupid, they will regret saying it because later on, there will be people laughing happily at the profits they make.

[len01]

some people choose short term investments for the daily profit they may always get. but on the other hand, short-term investment has a weakness in ourselves which will always panic and worry when the price dump when we can't control our emotions.
but if you invest long term and choose the right coin like bitcoin, you will surely get big profits in the future regardless of the market situation whatever happens.
but if long-term investment in coins that are not right on altcoins, surely there will be no profit in the future, only losses will remain

[Finestream]

People who say something like that only look at a small part of the whole picture. They probably think they can time the market with all the opportunities it gives, and just dollar cost averaging bitcoin is a bad idea. That is just a short-term mindset; we need to be looking forward.

If the holders had sold their positions, they wouldn’t have probably been where they are now, enjoying the fruits of holding it.

To make it easier, just do what you want, believe in, and don't care about what other people say.

If you have the faith in bitcoin, you don’t have to doubt about long term hodling. Bitcoin is for long term hodling since it will always grow overtime, and you know its value will always increase every year. However, if there are chances to make profits even at a short term hodling, then do sell, but if you aim for higher profits, then go for long term hodling as its value never fail to increase every year.

[Hamphser]

I saw some people saying that long term holders are dumb because they keep holding on the losses and this is a stupid meme. But i don't agree with that, since we believe btc will grow even more. What do you think?
In my opinion that Both short term and long term have their own advantages and disadvantages. With long term, you may get bigger reward without taking much hassle. On the other hand, with short term, you have to follow a lot of things.
Long term investments are sometimes risky in case of cryptocurrency space, you know a lot of altcoin have disappear and it's possible that your holding will not be existed someday. On the other hand, short term investors can move anywhere since they are updated with the market.
I personally prefer long term holding but of course only the top ranked coin.

Still not got any merit, just kidding 😂

Just let those people on what are their views and beliefs about bitcoin or crypto as a whole.If they do think that holding is a dumb idea then just let them be.There are people who do really stick out into their plans

to achieve their goals.Its none of our business on how they would really be gonna spending up their money.Some do make out short term decisions and some do really tend to hold for long.

Market is totally unpredictable, there's no way that you could really able to know on where it would be going.If you do hold and invest on the money which you can afford to lose then you wouldnt
really make yourself easily freaked out even if you do see it on negative.

[Viscore]

I honestly have not seen anybody who actually thinks holding bitcoin in long term is a bad idea! There are definitely a lot of idiots who spread FUD but even those people don't think that since they are buying bitcoin themselves, specially in the dips.
13 years of going up and more up has proven that.

It will always be an individual’s choice whether you’re up for bitcoin long term hodling or not. If you are not in a rush to make profits, then always go for bitcoin long term hodling as it’s proven already that it’s value will always grow and develop in time. No one gets rich from short term hodling, but you can reap huge profits and become even a millionaire if you stay patient holding your bitcoin for years. Just trust the process.