I have been monitoring so many post about HODL! HODL!! HODL!!! I am a victim of that but I have sat down and analyzed something. We should all know what will happen when we all decide to HODL. This will be one of the deadliest that will ever happen in cryptocurrencies. When we all decide to HODL I think the markets will go down and the green markets we want will never com. Also BTC will die when we all decide to HODL. I think we can at the same time SELL and BUY to keep our greatest cryptocurrency alive. I stand to be corrected and also we can add some to it as to what will happen.
Hi there Oseiboateng!
I felt sad reading how you see yourself a victim of HODL! HODL! HODL!
Did you mean to say that you hodl your crypto asset and ended up with far less value than what you were expecting of it? If that is the case then i understand your frustration.But you have to accept the fact that the economy of crypto will always be volatile. There is no future proofing our assets.
To HODL is actually, in theory, good for the supply/demand economic principle but you are right too, there should be a sense of balance, otherwise things might go zit, zap and bonkers.
My piece of advice, HODL when you can, sell when you must. Remember that cryptocurrency was intended to be a mode of payment, a cash system that was suppose to help us in our daily financial needs. Best of luck to us all.