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
When the prices are down on the market, everyone shift to ''hold'' tactic to take care of themselves. But the results aren't always good, sometimes you should wait a lot for profit. Perhaps if you have already sold it instead of waiting and investing to another, you would have more profit 2 or even 3 times. My advice is, don't fear risk and always pay attention to news.
Actually it depends much on the current situation that lead one to a suitable method. We cant deny that Hodl is one of the best option when the market drops continually and dramatically. But you have to be more flexible, you should keep analyzing the market in order that you can commit some another measures. Dont Hodl for a very long time, because as I think if so, plus to unluck, you probably get into a big loss. So sometimes Hodl may bring you serious trouble. Anyway, besides hodl, definitely we have many other solutions, dont just set your mind in hodl way when market is in dip. Youd better capitalize on hodl then keep finding a new solution.