The past week, as I've been looking to invest in recently finished ICOs since most of their prices are way below ICO price, I noticed the same thing mentioned over and over in their telegram channels.
People screaming: HODL!!! It will moon someday!!!!
Another one that is common: When BINANCE!?!?! If only we were on Binance!!!
This makes me laugh inside. Crypto is not a magical place where all coins will eventually rise in value if you just hold on to them.
Most ICOs did very poorly the last 3 months. The ones that did the worst were the ones that started in January
Now, a lot of these startups are underfunded and could only list in low volume exchanges and seeing their prices crash to ridiculously low prices.
And everyone is crying on their Telegram.
Listen very closely yo: The price will never rise if everyone HODls!
Prices are boosted through supply and demand and if a vast majority of people who own the coin are not trading it, than you are severely cutting in to that chain.
Instead of Hodling, you should be buying and making strategic trade choices.
And I would tell you that it depends on a coin that you are holding..
I am a bounty hunter so every altcoins that I am holding since last year were all earned through participating signature and other types of bounty campaigns but I choose to hold them no matter how the pumping and dumping is going on along the way whether the crypto market is in crisis or recovering.
What I know that is my crypto assets were increasing in price value and it's because I am holding.
When you dump your coins too soon, you'll never have the chance to earn more and higher.