I know I know everyone throws that Hodl meme out everytime thing are going down, and will say I told you so when things begin to climb. What if I told you that holders just carry the bags of those who sold, and when things get cheap the sellers will pillage the holders. This is a recurring pattern in crypto, I know because I built my wealth in this manner and I would continue to do so if migraines didn't slow me down.
Unless you are specifically the end user, you really have no reason to hold after you have gained you 3-4x. Why would you? You don't actually have a use for 95% of the tokens available anyways. We have been conditioned to believe that holding is the only way for crypto to gain value but it not, actual real-world use cases are.
Just wanted to vent a little as I am starting to really get irritated with the "hodl" movement
I don’t think it’s wrong to hold the coins you really believe in. But , as you said , you need to know the risk that your coins could be worthless if there is no need for it.
If you look at my port, only things I hold pay dividends or I am the end user. otherthann that I have reason to hold them.
@crypto2crypto Buy rumours and sell the news. This is what I think. Good article by the way. :)
Thank you. It's sad that this policy remains true. Even when it is legitimate great news SMH.
Thanks for this true confession @crypto2crypto! Too much HODL propaganda being fed to the bottom-feeders.
I won't be too hard on myself, as I'm still a novice; but, worse thing I did this year is stop a 'lucrative' power down that was yielding a 'healthy' little ROI. The worse part is I went went against my Inner Wisdom/Peace, by foolishly listening to a HODL perp...smh!...(lol)...I won't name names; but, it's not who most would think it is...lol...
Peace.
Hey no shame in my game. I'm in it to win it, but at the same time, I don't mind an even playing field. If all newcomers join thinking the whale becames by strictly holdingm then they will be hurt very quickly.
Yes, thus the valuable acronym/phrase: D...Y...R....everyone!
Peace.
Sometimes when you have to much loss. There nothing you can do but HODL cus you cant afford to lose more. Bless the heart of team HODL, shit is not easy.
Agreed. Every path has its risk.
I ma new crypto Lover I buy my all crypto in
December 2017 so i don't have any choice rether than Hold. You know what I mean
Yea. December and January buyers are learning a quick but valuable lesson. Don’t ever forget.
Good for you! Speaking the truth is good for the soul!...lol; but real truth!
Peace.
Hopefully in this December I will recover my lose
Yes, hard lesson learned; but, out-of-pocket investing isn't for those who are on a budget...and should be compared to buying a lotto ticket...The crypto odds might be a bit better; BUT, definitely shouldn't come out of your primary budget for 'getting rich'.
Best regards.
Peace.
@crypto2crypto Agree with your Thoughts .. replied same in your last comment
Nice suggestion sir @crypto2crypto.
And also thanks sir @weupvote and @d0zer for commenting and voting.
@crypto2crypto This is a very good article Thank you very much for sharing this wonderful information ...!
Plz follow me..
Yes off coarse! Crypto can make every one rich but we should hold and wait to be rich. Amazing post.
I believe buy low sell high
this is right statement when you are high :p
No other rule. Buy low sell high.
how you know when is the low ... you buy low it keeps dipping :(
😂😂😂😂
Crypto gives you the chance like a dead clock hitting the right time twice in 24 hours. In order to hit the clock right time you have to hold and then sold :D
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@crypto2crypto you are right.but many investor invest the allready own investment.
Love your article, just resteem. Well done
Hard to know exactly when to sell. But if you make $1,000 profit it’s a good time to sell, take some profits and buy back again on the dips.