Hodling is a simple and effective money-making approach for people who are new to the market. However, it can also be risky if you fail to invest in the right coin. Being a volatile market, crypto rises and falls instantly, leaving everything at risk. Therefore, you need to be mentally and financially prepared for it.
No, it is not simple as that. If you do not have a strong hand to hold the coins or tokens, you will not be able to hold that instead will sell because of the trend. In the volatility of the market, you will see the price will go to any up and down price so that can make you worry and afraid and at that time, you will sell the coins or tokens because of that reason. So it needs many things before you can become a holder.