{"id":54385,"date":"2021-02-04T09:01:53","date_gmt":"2021-02-04T09:01:53","guid":{"rendered":"https:\/\/www.cryptocabaret.com\/?p=54385"},"modified":"2021-02-04T09:01:53","modified_gmt":"2021-02-04T09:01:53","slug":"mark-cuban-tells-stock-traders-that-btc-hodlers-are-a-great-example-to-follow","status":"publish","type":"post","link":"https:\/\/www.cryptocabaret.com\/?p=54385","title":{"rendered":"Mark Cuban Tells Stock Traders That BTC Hodlers \u2018Are a Great Example to Follow\u2019"},"content":{"rendered":"<p><img decoding=\"async\" width=\"696\" height=\"392\" src=\"https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2021\/02\/dddd-768x432.jpg\" class=\"attachment-medium_large size-medium_large wp-post-image\" alt=\"Mark Cuban Tells Stock Traders That BTC Hodlers 'Are a Great Example to Follow'\" loading=\"lazy\" srcset=\"https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2021\/02\/dddd-768x432.jpg 768w, https:\/\/news.bitcoin.com\/wp-content\/uploads\/2021\/02\/dddd-300x169.jpg 300w, https:\/\/news.bitcoin.com\/wp-content\/uploads\/2021\/02\/dddd-1024x576.jpg 1024w, https:\/\/news.bitcoin.com\/wp-content\/uploads\/2021\/02\/dddd-696x392.jpg 696w, https:\/\/news.bitcoin.com\/wp-content\/uploads\/2021\/02\/dddd-1068x601.jpg 1068w, https:\/\/news.bitcoin.com\/wp-content\/uploads\/2021\/02\/dddd-747x420.jpg 747w, https:\/\/news.bitcoin.com\/wp-content\/uploads\/2021\/02\/dddd-190x107.jpg 190w, https:\/\/news.bitcoin.com\/wp-content\/uploads\/2021\/02\/dddd-380x214.jpg 380w, https:\/\/news.bitcoin.com\/wp-content\/uploads\/2021\/02\/dddd-760x428.jpg 760w, https:\/\/news.bitcoin.com\/wp-content\/uploads\/2021\/02\/dddd.jpg 1280w\" sizes=\"auto, (max-width: 696px) 100vw, 696px\"><\/p>\n<p><strong>Billionaire and crypto-asset supporter, Mark Cuban has identified bitcoin hodlers\u2019 endurance as a model that stock investors can follow. According to the billionaire, after acquiring the asset at high prices back in 2017, the hodlers \u201cheld on because they believed in the asset.\u201d <\/strong><\/p>\n<h2>Following in the Footsteps of <a class=\"lar-automated-link\" href=\"https:\/\/markets.bitcoin.com\/crypto\/BTC\" target=\"_blank\" rel=\"noopener\">BTC<\/a> Hodlers<\/h2>\n<p>These long term hodlers were unmoved even when the crypto asset lost more than two-thirds of its value after the 2017\/18 bull run ended. Cuban\u2019s <a href=\"https:\/\/www.reddit.com\/r\/Bitcoin\/comments\/lay9ra\/marc_cuban_giving_the_real_diamond_hands_a\/\">remarks<\/a> about <a class=\"lar-automated-link\" href=\"https:\/\/markets.bitcoin.com\/crypto\/BTC\" target=\"_blank\" rel=\"noopener\">BTC<\/a> hodlers were in response to a request for advice to stock traders that <a href=\"https:\/\/news.bitcoin.com\/gamestop-shares-and-reddit-fueled-stocks-plummet-crypto-fans-say-bitcoin-is-the-only-true-attack\/\">incurred losses<\/a> in the past week. In his reply, the billionaire, who recently praised the efforts <a href=\"https:\/\/news.bitcoin.com\/goldman-and-interactive-brokers-execs-claim-wallstreetbets-trend-could-take-down-the-system\/\">Wallstreetbets (WSB) traders<\/a>, explains that regular stock traders should follow an approach that is similar to his and that of <a class=\"lar-automated-link\" href=\"https:\/\/markets.bitcoin.com\/crypto\/BTC\" target=\"_blank\" rel=\"noopener\">BTC<\/a> hodlers.<\/p>\n<p>The billionaire explains:<\/p>\n<blockquote>\n<p>When I buy a stock I make sure I know why I\u2019m buying it. Then I Hodl until I learn that something has changed. The price may go up or down, but if I still believe in the logic that made me buy the asset, I don\u2019t sell. If something changed that I didn\u2019t expect, then I look at selling.<\/p>\n<\/blockquote>\n<p><!-- growjs zone placement 31 --> <ins> <ins class=\"growjs-placement\"><\/ins> <\/ins> <!-- end of growjs zone placement --> <\/p>\n<h2>WSB\u2019s Shortcomings<\/h2>\n<p>Meanwhile, during the same ask me anything (AMA) session, Cuban also discusses the likely implications of WSB\u2019s game-changing fight again Wall Street powerhouses. However, Cuban does identify one flaw that worked against the success of the rebellion. He explains:<\/p>\n<blockquote>\n<p>There was only one thing that messed you all up, Robinhood and the other zero commission brokers that everyone used didn\u2019t have enough capital to fund the fight. They let you down in a big way.<\/p>\n<\/blockquote>\n<p>Cuban\u2019s latest praise of the WSB movement is the second time he has done so in less than a week. Prior to the AMA, the billionaire wrote in his <a href=\"https:\/\/blogmaverick.com\/2021\/01\/31\/the-store-of-value-generation-is-kicking-your-ass-and-you-dont-even-know-it\/\">blog<\/a> about how the \u201cstore of value generation\u201d is challenging the status quo.<\/p>\n<p>In the meantime, the billionaire also took time to <a href=\"https:\/\/www.reddit.com\/r\/ethereum\/comments\/6w0fau\/mark_cuban_backed_team_unveils_mercury_protocol\/dm4vvng\/?context=3\">explain<\/a> his fondness for \u201cgame-changing technologies.\u201d Responding to another Reddit user, Cuban says he has \u201cno interest in selling any tokens that I buy or earn.\u201d Instead, the billionaire tells the user that he is \u201cin this because he thinks some of the next great applications can be built on top of the blockchain.\u201d<\/p>\n<p><em><strong>What are your thoughts on Cuban\u2019s remarks about bitcoin hodlers? You can tell us what you think in the comments section below. <\/strong><\/em><\/p>\n<p class=\"wpematico_credit\"><small>Powered by <a href=\"http:\/\/www.wpematico.com\" target=\"_blank\" rel=\"noopener\">WPeMatico<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Billionaire and crypto-asset supporter, Mark Cuban has identified bitcoin hodlers\u2019 endurance as a model that stock investors can follow. According to the billionaire, after acquiring the asset at high prices back in 2017, the hodlers \u201cheld on because they believed in the asset.\u201d Following in the Footsteps of BTC Hodlers These long term hodlers were [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":54386,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[309],"tags":[],"class_list":["post-54385","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts\/54385","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=54385"}],"version-history":[{"count":0,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts\/54385\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/media\/54386"}],"wp:attachment":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=54385"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=54385"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=54385"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}