1. Lethargy during a sideways market
2. Disregarding your strategy
3. Chasing somebody elses dream
4. Believing somebody elses FUD
5. Using money that you shouldnt be
6. Failing to properly do a self risk analysis before investing
If you can cope with these dangers then this type of investment will do well for you. This is a hands-off, long term method of investing. DYOR, find good coins with bright futures, buy and hold. Dont worry about the daily percentages
4. Believing somebody elses FUD
5. Using money that you shouldnt be
6. Failing to properly do a self risk analysis before investing
These are the main dangers of the hodlers. It is really risky to hold a coin especially if you do not have enough information about what it is. We should also have technical analysis skill for us to know if it is worth it to hold the coins that we have.