Post
Topic
Board Altcoin Discussion
Re: Still HODL?
by
allycn
on 25/08/2018, 20:41:37 UTC
Right now is a tough time for anybody holding tokens. The HODL strategies put into effect a mere 3 months ago have cost portfolios a huge % loss in value...
I myself have witnessed thousands upon thousands in value destruction. Hrmmm, but what to do now?

Although I have watched, slowly and painfully, tokens descend in value equivalent to a brand new Cadillac down to a value where I cant even sell them for a used 1980s Ford where the bumper falls off...

Instead, I opted to HODL… But the question remains...
Should one effectively Sell-Out and take that broke down ford valuation now?
OR.
Does one still HODL and dream of Lambos full of Women and cocaine?



I got into crypto thinking of it as an investment, so hodling is my choice (not because I am dreaming of lambos, but because I think the market will recover in the future and will be able to make a decent profit at least). Due to the way the market has been behaving my short-term investments are becoming more medium to long-term, but I prefer that than selling at a loss. As long as you never invest more than you can afford to lose, you should be fine with hodling.