Post
Topic
Board Trading Discussion
Re: HODL is not advisable!
by
redsun114
on 29/08/2018, 07:18:32 UTC
In my very own experienced there is no good outcome when you HODL too much.
First of all do you know what HODL means?
HODL is used when referring to hold the cryptocurrency rather than selling it.
Holding cryptocurrency is no good because it means you don’t have a knowledge about trading, for me, you can do scalping trading and increase your holding by it and gain profit.
I suggest that all in the Crypto community must learn the basic trading fundamentals. There are free tutorials anywhere. Don’t be lazy, think big.

Yes, trading may sometimes bring more money, but hodling isn't about losing money either. Moreover, hodling is preferable for inexperienced investors because you don't lose money, which might be the case with trading. So, I wouldn't impose my opinion on others because it might be bad for some people.
Trading generally requires anyone to try as much as possible to get enough experience and be able to use that experience and knowledge to their advantage. HODL is only the best method for long term investors who simply may not have all that it takes to be able to trade the market effectively.

A lot of people thought with trading by buying low and selling high, the market will just dance to their tunes until they end up facing the real market and seeing how making decisions can be hard.