Quote from: agentx44 on November 28, 2019, 03:30:25 PM

Quote from: Mealea on November 25, 2019, 05:23:08 PM

Why do you refuse to face the reality of the present state of the crypto market? I always laugh when I see people still talking about long term hodl when the reality is staring us in the face. Don't be a fool, only the smart are leading the race in the crypto sphere of today. Why do you decide to hodl when you know that the price may dump? Why not sell at the peak and then you can buy back at the bottom. The race is not to the fool but to the wise. Selling at the peak and buying back at bottom is wisdom but holding at the peak expecting a magic spike is foolishness. Bull run is not here yet, do not expect a magic spike. When the bull run is here, you don't need a prophet to tell you that. Be smart.

If you would recall the effects of long term holding way back for bitcoin, you may see it as a very strategic and beneficial plan. If only the state during those times were the same as to what we have right now, maybe we can still consider long term holding as a smart move. The market has changed a lot and long term hodl is not as effective as it was before. We should be more aware and observant on the changes that is occuring on the market so that we can find a good timing on when to buy and when to sell your coin to make crypto investment as beneficial as possible.

That is true because majority is unable to follow this simple rule. It varies from individual to individual. There are actually only very few people who can make good predictions or their sixth sense works correctly. With crypto currencies, volatility is a big time challenge. To overcome this hurdle, a trader is supposed to have sound knowledge about his asset and stay patient during bad times.