Post
Topic
Board Speculation
Re: HODL bitcoin? why and why not?
by
laxinternational
on 16/12/2017, 19:12:45 UTC
Of course that seems to be the most convenient option in these times of great volatility, because even if the bitcoin suffered a sharp correction in coming days, the price increase has been so great that we would certainly close the year with big profits. However, given the great news that bitcoin is making a world mainstream, it seems to me that there is a greater possibility that the price will continue to climb towards the threshold of $ 20,000 before going back to $ 10,000, so holding seems the best decision.

However, it would not be a bad idea to cash out a bit of your bitcoins to have some liquidity these days of uncertainty.
Holding is not only easier, holding can give more profits than active trading, many people claim that you can make more money with trading and while that is true, how many people are able to make more money than those that hold, not many and this is why I like holding better than active trading.

Holding is for economically wellfare people. They have lots of money and they can risk their assets. But if you have limited capital, you  may not be able to wait that long to see your investment became big.