Quote from: Mauser on January 27, 2024, 09:12:30 AM

Quote from: Bitstar_coin on November 19, 2023, 06:30:55 PM

#HODLing is not a smooth journey, do you agree? Grin

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?

I am a huge fan of Hodling and think it's the way to invest our long term crypto coins. Unforunately I had to learn the hard way that hodling is the better approach, because I sold all my crypto holdings back in 2016/7 only to watch the subsequent bull market from the sidelines. Not going to repeat the same mistake ever again and will all keep holding some Bitcoin. Hodling itself is a pretty easy, we just forget about our long term wallet and are not at risk anymore to do any medium term trades. One of the first stock trading book I ever read was from a genius in the 1990s said that the best approach to stock trading is to buy stocks and just forget about them. With crypto currencies we should be doing the exact same thing. The only problem is to decide first that we want to become a HODL investor. It seems so much cooler to trade our coins a lot and buy low and sell high. But taking the transaction costs into account the high turnover trading stragies aren't always profitable, whereas HODLing will guarantee us a decent profit long term without much input.