Is 'Buy and Hold' the Best Bitcoin Investment Strategy?
best for who?
there are lots of different strategies to trade bitcoin. some are even highly profitable when you think about it but that doesn't mean anyone who uses these strategies will make profit.
for example there are a lot of people who short bitcoin and some make a lot of profit from it since the drops are sometimes as big as -30%. but there are also a lot others who lose a lot of money (millions of dollar even) when they try it.
this strategy (HODL) is more suitable for those who are not traders, don't have time for it or don't understand it. they just buy bitcoin as a long term investment and wait on it for a rise.