#HODLing is not a smooth journey, do you agree?
Totally agree, it is mostly easier said than done for most investors. I personally can recall the different juicy opportunities I have missed to really make it big in this space as a result of a lack of patience to HODL. Especially those early days in crypto when you barely understand the market and easily get freaked out with every FUD and market dip.
Experience is the best teacher they say and I believe the majority of us are more experienced and mature over the years of being in crypto.
What is your view on #Hodling Guys?
Holding is for people who have the financial stability and patience to resist the pressures of the crypto space's ups and downs, which frequently distain people who are holding their coins. I absolutely agree with you that many people believe holding is so simple that they can simply buy and hold their currency for the long term, not realizing that only the fortunate will be able to do so if they do not have a decent financial situation. Most people who lack strong capital do not hold for long since they may be utilizing some of the money they invested to meet their needs and other responsibilities. As a result, only those with enough money for upkeep are usually able to keep their coin if they are patient enough.
Not just for those with financial stability, it goes beyond that. People are willing to keep their money long-term in a trusted investment.
Hodling btc back in 2017/18 and Hodling btc in 2020-23 is quite different.
You can agree with me that many investors with high financial status still panic sell their btc back in previous years than now because the trust on btc was not as strong as what we are seeing now.
Are you saying that the majority of those who sold their btc during the 2018 bear market were all low funds investors? Of course not. If I can recall correctly Whales where the ones dumping their btc.
Hodling is not easy for any investor, financially sound or not. The most important factors for Hodling btc is trusting what you invest in then patience because without trusting that investment you be able to have patience.