OP is wrong....
Green - HODL
Red - HODL
None of the above - HODL
Multi-millionaire - SODL (but HODL 1)
Green - HODL
Red - HODL
None of the above - HODL
Multi-millionaire - SODL (but HODL 1)
i wouldn't say wrong but your comment is incomplete.
just holding all or selling all is never a good option and also it depends on the strategy that you choose. for most people who don't want to trade holding is a good option but for traders it is not a good idea. it is best to sell before the panic sells and buy the bottoms instead which helps with HODLing more coins after a while.
True but OP mentioned people burned by the strong dip. In that case I would recommend the HODL or investing on the way down.
However if you are burned, investing on the way down is probably not something you are willing to do or can.
Trading platforms are good for making and losing money.
Without them we wouldn't be seeing these numbers
You need to know what you are doing to limit your risk. Also there are quite some trading sites that got hacked so you need to take that into account.
Therefore I would still advise burned people to put their BTC on a cold wallet (HODL) and go into hibernation for 2 years or so