Do you think that the HODL approach is good bitcoin?
Sometimes I think that because so many people HODL it makes is easier for some big players to manipulate the price.
I wonder what the community think about it.
I personally HODL for almost a year, I made some money and lost some money, But generally, I'm positive about the long run. I'm just curious about the fact that maybe we are the one who make it possible for big companies to influence the price in such an easy way
I can't really get you. How can anyone manipulate the price if we hold bitcoins. Even if there are a lot of holders for bitcoins, many prefer trading for bitcoins in short terms. Bitcoins are grown to a wide range now and it is nearly impossible bto manipulate the price for them as you mentioned. Bitcoin markets depends on demand and supply factor. Even if we hold bitcoins, it gets ahead into the demand part. Demand still stays high even if most of peoples are hodling them.
This might not lead for a price manioulation indeed.
Only the ones who are trading on with bitcoins in short terms get the right to play with the price and the rest who are holding has to simply wait and keep an eye on the price to grow up.