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.
You’re right,a lot of people are only doing HODL and it pisses me out a lot. I don’t know why people wouldn’t engage in other activities, they just want to hold and once price is up they will all run away. Well, I wouldn’t blame them. Because we are all here with the same reason of making profit out of our investment, maybe everyone should just focus on their own, whatever they are doing.
Let me see if I can answer your question. Bitcoin and other cryptocurrencies had been rising since September 2016 with a couple minor, short-lived corrections. Any way you slice it, It was easy money. You could buy at any price and then just sit on your hands patiently waiting till the price had risen enough to let you book handsome profits. That lasted for over a year, so don't get surprised there were a lot of people involved in that activity of doing nothing. It pisses off not only you but also many other people across the forum as holdlers were profiting off the people who actually had been adding value to Bitcoin, at their expense. But now many of those holdlers seem to have fallen a victim to their own stratagem having been left holding the bag. Actually, plenty of bags.