Post
Topic
Board Altcoin Discussion
Re: HODL
by
rodalutor
on 19/10/2018, 13:17:06 UTC
It's very popular to see people selling off their Altcoins with such reckless abandon you begin to wonder if the word hodl ever comes to their mind,come to think of it,how much was bitcoin 8 years back,compare it to the price today,the gulf in price is astronomical..
  Most bounty hunters sell as soon as it hits their wallet,i think the hodl approach should be adopted even the more,you never know what the price of the Altcoin you're calling shit might be in few years time..
  This to me is a perfect trading strategy,hodl your alts and don't be in a haste to sell off

You don't know people's personal circumstances to begin with. Many bounty hunters need the money to support themselves and would rather have $50 now than $100 a month from now. Also the large majority of alt coins fall in price from their ICO because their objectives and roadmaps are never delivered upon and investors lose confidence.