Problem with Cryptocurrency trading has always been greedy people trying to make money off innocent people entering the market. It is a zero-sum game where the smart traders make money and beginner traders lose. Even worse, cryptocurency has no regulations like stock market and there are scammers who pump & dump coins in which the scammers make 10-30X profits while people participating lose all their money. In fact, that is why Max Lee, the founder of ChainCoin HODLer movement decided he had enough of scammers winning while beginners lost all their money and never come back to cryptocurrency, leaving an ugly scar.
While cryptocurrency is slowly gearing itself towards mainstream users, bad trading experiences like this will certainly not good for our society. That is where the “HODLer” movement started, so people entering the market can make money without having to fall into pump & dump scams.
Interesting thoughts