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Author Topic: Why HODLing is such a genius strategy  (Read 2984 times)
laijsica
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Today at 12:43:55 AM
 #301

HODLing sounds simple, but I really don't buy the "just set it and forget it" advice. You still have to keep your coins safe, manage your risk, and figure out what you'll do when things shift.

Holding is the easy part. Sitting through the actual ups and downs of a full market cycle is what really tests you.
You should determine what your strategy is to accumulate Bitcoin regularly, from the cycle of market ups and downs. Holding is not easy, but it is not too difficult if you have discretionary income. If you have the funds available, holding Bitcoin will keep your funds safe from inflation. The phrase "hold and forget" means to hold Bitcoin for the long term. You are advised to forget so that you do not sell your holdings during the pumping.
Uhwuchukwu53
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Today at 01:47:57 AM
 #302

The reason many stressed that Bitcoin is not quick to get rich scheme is as result of holding which gives more assurance of good results whenever profit is discussed about Bitcoin, when carrying out comparison of the best way to make better outcome in Bitcoin investment holding should be the first to consider because it's advantage is enormous above all odds it security dominate all aspects of investing in Bitcoin it relaxed the mind of the investor more anything else, Bitcoin long term holder hardly fall into FOMO just like short term holder who is more like trader because certain action of over monitoring the market won't be there despite them checking the market movement not as what the trader feel because their expectations is far beyond.

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hmbdofficial
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Today at 07:06:21 AM
 #303

The reason many stressed that Bitcoin is not quick to get rich scheme is as result of holding which gives more assurance of good results whenever profit is discussed about Bitcoin, when carrying out comparison of the best way to make better outcome in Bitcoin investment holding should be the first to consider because it's advantage is enormous above all odds it security dominate all aspects of investing in Bitcoin it relaxed the mind of the investor more anything else, Bitcoin long term holder hardly fall into FOMO just like short term holder who is more like trader because certain action of over monitoring the market won't be there despite them checking the market movement not as what the trader feel because their expectations is far beyond.
In other words, I also think this is one reason people always say bitcoin is not a get rich quick scheme. Holding for long term allows you to look beyond the Daily price movement instead of reacting to every small rise or fall.

Short term traders usually have to watch market more often and closely and try to make the most correct decision. In doing so this it can actually lead to either FOMO or even panic sell. But a long term holder can have Clear plan and be more patient.
However holding doesn’t also guarantee 100% profit, but its actually the best approach

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