Post
Topic
Board Trading Discussion
Re: HODL is not advisable!
by
roosbit
on 19/11/2018, 10:21:29 UTC
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.
HODLing (holding) cryptos is not exclusive to trading or people with knowledge about trading !

AFAIK we can HODL coins because market price is low or no suitable exchanges are available at that pointing time, sometimes we might have bought coins at a high price and the coin price could have dipped along the way and only way to recover our invested money is to hodl and later break even. Holding kicks in which different circumstances.