Why is HODLing So Popular?
HODLing has become popular particularly because of the lack of a need for a detailed understanding of how to trade different assets, and also because of the reduced amount of time that is needed in comparison to actively trading.
Hodling isn't popular because of lack of understanding for trading crypto assets. The truth is, there are different type of individuals in the space:
- short-term traders
- medium-term traders
- long term traders
Not everyone will settle for a particular strategy. I know a lot of large crypto traders who basically wait for a downtrend (like the flash crash in March 2020) to buy low and hold for a couple of months. For instance, during the said price crash, I know a lot of traders who loaded their bags with bitcoin and the favorite altcoins as everything was dirty-cheap at that time ~ even ETH and BNB were priced at $80 and $6 respectively. Both of them are now at least 3x of that value at the moment.