Most people now with the rise of bitcoin value, just want to hold bitcoin for as long as they can so that they can maximize their worth. But isn't it a little too greedy to just keep holding bitcoin?
We've all read that story in the school with the moral "Greed is a Curse".
So what if too much greed in bitcoin may backfire? What if, the hodlers end up with nothing?
Hodling is basically the same as saving. Now ask yourself is saving a bad thing? Is being financial smart a bad thing? The answer is no. But on the other hand people who are starving themselves and re-mortgaging their houses to become "bitcoin hodlers" are simply mental. There is a fine line between saving your money through hodling bitcoin and basically hodling bitcoin because of pure speculation/fomo which i call "speculative hodling" or "fomo hodling".