@samlucky o (HODL) hodl for dear life is not a method or strategy of Buying or accumulating Bitcoin unlike the dca and buying the dip rather is an acronym
That is meant to encourage investors not to sell their investment but to hodl when there is a price downward trends or upward trends until the certain investment goals and objectives are achieved
"Hold for dear life" is a stupid expression, and it was made up by some mainstream pundits who are trying to suggest that it is risky to hold bitcoin.
Even though they are correct that it is important to hold bitcoin, I think that going along with that meaning "hold for dear life" is short-sighted and tries to spread negative messages about bitcoin.. even though the term is used with shitcoins too.. even though no one should be HODLing shitcoins, even though surely some shitcoins are going to perform better than holding dollars, but I still would not recommend them beyond 10% of the value of your BTC holdings.. and even 10% might be too much..
nt of having had overaccumulated BTC.
Thanks for the clarification I now have a more clear picture of the term HODL and I completely agree and understood the clarity made by you. However, it is very wrong generalizing the meaning of the term HODL to be hold for dear life in terms of Bitcoin whereas it is in shitcoin involvement whose aims are only for quick profits maximization that has zero percent guarantee which is very unrealistic and can never in any way be compared with Bitcoin that has a solid foundation. Generally, what I understood from your explanation is that Bitcoin is not as risky as most persons claims or proclaim it to be.