Quote from: fullhdpixel on May 27, 2021, 03:45:26 PM

Quote from: Accardo on May 19, 2021, 10:19:44 AM

Bitcoin just fell down to 39k plus per 1, and those that held/bought bitcoin while it was at 50k have no benefit of holding bitcoin at 50k per 1 instead they lost money. lets say those that will buy at 39k per 1 will have more benefits when its spikes again to 50k. So those that enjoyed holding bitcoin at 50k hoping that it will hit another ATH will have to wait for bitcoin to hit another 50k but still got no profit, while the 39k buyers will profit 11k dollars. My question is why is they no extra profit for early holders when the price falls and rises agian?

If Hodl is not the best option then what is it? You don’t expect everyone to be cashing out in this market all the time or do you? It’s not every time that things are going to work out for you, there are times that you’re also going to lose. If Hodl was very bad then what are you going to say about that invested in Bitcoin when earlier 2020 when the market crashed to $4000 and continued to hold till now when the market reached over $60,000 before they sold? It’s not going to favor everyone, the same way that there are people who are losing their money there are also those who are making money in the market. The luck doesn’t shine on everyone.

Just try to find the right time and invest your money and then you can Hodl. Right now that the price is down some people are not going to buy at the cheaper rate, rather they will wait till when the market is going to reach a high price and they will start buying.

I agree with you but the problem is some investors understand HODL quite differently. Maybe thinking that HODL means you might never sell for the longest time. As you rightly mentioned, Buying at low prices and HODLing for as long as it takes for the market to get to a new ATH before selling is a good strategy and that works but I don't understand when I hear some investors saying to continue to hold after I have HELD from like $4k to $60k that I should have taken profits but continue to HODL even when the market is going back down, I don't get that.