Post
Topic
Board Trading Discussion
Re: Too much HODLing stealing opportunities?
by
MWesterweele
on 24/09/2020, 12:34:41 UTC
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?
Maybe what i will say about that is just give respect to other's style of trading, maybe they have their own reason why just buy and hold their coins until their target reached, like me who keep panic when do trading as usual, maybe style that i picked is hold for longer time and just wait than everyday get stressed because think of my coin's price.

Honestly speaking we can't blame one person's decision when it comes to his/her token or coin. If she/he would prefer to hodl her crypto for a long time its their choice. Its right that we should respect one's decision. Though yes we know that it may steal the opportunities from them to grow not only their coins but to grow them as a trader but as i've said its their choice. Hoping that they would never get tired of educate themselves about trading so that they may grow their coins.