I've been in this crypto space for a while now and there is this mentality instilled in people that seems selling ones coin is bad and one is heading to failure which is very wrong at least from my perspective.
I've always been on the track that investing in Bitcoin simply means buying low and selling high, which I think is one of the keys to success in the crypto Industry. I always tell people that the moment you buy at a certain price and it starts rising possibly to a price that you feel ok and contented with, then you should feel free and confident to sell atleast to get the profit first and always use stop loss just incase the price drops, rather than having a little portion of Bitcoin and letting it get liquidated just because you want to preach and prove HODLing, trying not to feel odd.
So my question is:
~ Do people hodl just because others are HODLing?
~ Why do people hodl rather than sell and buy again when low
~ What is your major reason for HODLing and how do your survive the bear market?
It is a good question to say. Most people are not even hodling bitcoin but they are saying hodling because others are saying it here. Really real business is buying and selling to make profit. That is also apply to trading. Let me answer your questions though I have partially answered one. The first one is, nobody is hodling because others are hodling. If you hodle because others are hodling, it's of no use. Everyone hodle because of his mindset directed him or her to do so and they can sell it at their will. Secondly, it is a very simple answer, it is for huge profit.