Hodling is a great option in case of market uncertainty. When it is about bitcoin, I am kind of sure that the market will recover, no matter what. But I can’t say the same thing in case of other cryptocurrencies too. But still, it’s better than short selling.
Yes you are correct but is not everybody that have the mind set of holding currency for long time, people who holding for long time is for people who have extra money why some people panic and sell is because they have no money to survive and they rush and sell their coin and get money, people who get money and rich for bitcoins is people who large amount of money for the industry, selling with pressure alway push people for wrong side
Honestly, I never had too much money, I am not a poor person that barely lives, I have enough to survive but I can't even buy a car for example, so it is obvious that I am not rich at all. But at the end of the day I still invested and holding and not worried about these price drops. From the peak, the drop is bigger than 50% and I am still fine, why and how?
Well, simply because I have seen crypto drop all the time and I have seen it recover time and time again and this is why I never got worried about it. That could be the biggest reason and this is why I do not think that it will ever matter to me. This is just my idea though, not everyone has to be like me.