As a trader, the decision to "hodl" or hold onto Bitcoin for an extended period can be a valid strategy, depending on your investment goals and risk tolerance. Bitcoin is known for its volatility, and its price can fluctuate significantly in short periods. However, over the long term, Bitcoin has shown a history of strong returns.
If you're confident in Bitcoin's long-term prospects and believe that its value will continue to appreciate, then holding onto your Bitcoin can be a viable strategy. However, it's essential to keep in mind that hodling Bitcoin involves risks, and the price can still drop significantly in the short term. Therefore, it's essential to have a well-thought-out investment plan and a diversified portfolio to manage risk effectively.
Ultimately, the decision to hodl Bitcoin or trade it actively should be based on your investment goals, risk tolerance, and market outlook. Both strategies can be profitable when executed correctly, but it's crucial to do your research and make informed decisions based on your unique circumstances.