Quote from: 1Referee on January 02, 2019, 06:32:11 PM

Quote from: South Park on January 02, 2019, 05:27:12 PM

if you are a long term holder does it really matter when the price of bitcoin begins to grow? You're going to be holding anyway and whatever growth bitcoin experiments is the same growth that you will get, so in my opinion it is better to concentrate ourselves on how to keep holding our coins than to predict accurately when the recovery will happen.

People here have turned being a hodler into a meme sort of thing. Everyone can hodl through an increase when prices keep going up, everyone is an expert when prices keep going up, but once the market is done pumping, it's over for the far majority of the people.

People don't know what it is to buy something based on fundamentals. The only reason they buy crypto is because it's either going up, or they believe it will do so, but have not one single clue about what that increase might be based on. We are dealing with gamblers here, and it will only get worse as more of these find their way to the crypto market.

The very fact that some shitcoins are worth billions in market cap is an indication of how stupid the general "investor" or "hodler" here is.

Which is one of the major reasons the whales and some of the institutions will keep having a pretty good time with playing with the minds of the gamblers in this market.

A lot of people do not know why they are buying, except for the fact that they believe the market will end up increasing in the long run. Sure, it is not a bad idea of a thought to have, but at the same time, that is one reason that has set up so many people into making the wrong decisions with their investments over the years. The market is opened to a lot of people anyway which includes the inexperienced investors, so it is a normal thing to get to see things like this.