Quote from: AnonBitCoiner on September 14, 2020, 12:41:45 PM

Quote from: Stedsm on September 07, 2020, 10:59:56 PM

For noobs, HODLing is a term used for "holding" your assets (here: Bitcoins) for a very long time. But, isn't it true that those who bought it at $500 once should have sold it at $20k peak, and if not, why didn't they sell at $15k? BTC didn't crash all at once and they had the opportunity to sell and wait for another opportunity. A $15k per BTC against a $500 BTC - means a 30x return itself. And BTC crashed to $3k, if not $3k, then these hodlers would have bought back at $6k which is even less than half of $15k as they would also have added a lot more liquidity to the markets with too much money on the table. Isn't it true that too long a hodl can stop you from taking great opportunities while sitting dumb and waiting for a specific target?

If we hold too much, it's not a good one. I had brought 1 Eth and hold it in my wallet over 3 months. Now price of Eth reduced to 370$, same Eth had reached upto 470$.I had thought the price of Eth will increase further, when the price was 470$.Now it reduced to 370$, nearly 100$ reduced. If I had sold at 470$, it will be good move from my side. Now It's like I had lost the good opportunity.

3 months is not really a 'HODL'. The terms applies to people who invest for long-term and in your case you just seem to have bought at the top of ETH peak and now you feel disappear because of the price dump. All I can say to you is that if I was in your case I wouldn't worry much and keep HODL-ing. Only in this manner you'll be able to make profit along the lines in the original post.