Post
Topic
Board Bitcoin Discussion
Re: Bitcoin - Is HODL the only strategy?
by
Wawa2013
on 08/12/2021, 16:22:00 UTC
what else can be done other than hold when the market is going down like this. back to our first goal, if we aim to invest it takes a longer time to hold it but if we focus more on trading then of course we have to manage and use it in the near future. but for me bitcoin is good for long term investment and currently the price is also falling so its better to hold than to sell it and get the big loss. but if you want profit in the near future you can choose to trade with coins that are good in the market, I think it's a good choice.
Agree with that..

When you hold your coin especially for long term, this is the best tip i can give -> Checking crypto prices all the time is absolutely useless, unless you're an active highly trained day trader. Constantly checking prices will only cause you unnecessary stress!

For investing in Bitcoin, the best strategy is HODL Bitcoin for long-term. Especially for people who are busy and don't have much time to monitor
the market, highly recommended for long term investment. Because the price of Bitcoin continues to rise every year, so we just need to be patient
holding Bitcoin until it reaches the target we want. Holding Bitcoin in the long term is the easiest and safest way to make a profit. So it's no wonder
many institutions prefer HODL Bitcoin in the long term.