Post
Topic
Board Bitcoin Discussion
Re: IS HOLDING TRULY THE SOLUTION TO DROP OF BTC PRICE?
by
JMD07
on 12/11/2018, 14:07:20 UTC
I mostly see a lot of post skirting about the issue of decrease in bitcoin market price by saying hodl, hodl of which i mostly do not get them. Assuming we all decide to hodl without any transaction that means with time btc will drain and what will be the essence of the coin. We should always be a family to embrace the state of price no matter what and ensure buying and selling in order to at least have a significant effect on market price. I hodl, you hodl and we all hodl and btc will drain just like that.
Every minute there will be a transaction created mostly comes from those day traders that riding on the current prices to get their profits. When the market is bleeding we can't help it even if we will hold our coins because of the momentum or bulk of sell orders. Although it gives us hope that we can minimize the damage since we keep our coins but not all of us we follow this strategy. I'm holding because I'm waiting for the best price.