You are viewing a single comment's thread from:
RE: When Should you HODL and when should you NOT?
The problem with getting in and out of crypto-currencies is that the door way is really small. So HODL has an advantage there too.
Since we know we are at the beginning of block-chain adoption.
And we believe that it will be the future.
Then the trend is very bullish.
So, sitting and holding is just a good safe bet.
At any time in the near future, a number of shocks to the ancient financial system could happen sending billions to try to get through the tiny door into cryptos. At that time, HODL will be the only winners.
If your circumstance is such that you aren't able to freely exchange your funds in and out of BTC, HODLing would indeed be much efficient. However, using any of the major exchanges would solve your problem with ease. You should check out Bitfinex. This is the exchange that I use, and I'm loving it!
I also believe that the long term trend is very bullish. However in times of uncertainty like the past 2 weeks, and the upcoming week, there are lots of volatility that give rise to multiple opportunities. Please do not forget that you're losing heaps on opportunity costs!
If you're a new investor, HODLing would indeed be the best strategy, and even as an experienced trader I am a HODLer too! But I make sure to take opportunities in times of volatility. There are so much money to be made, that would be lost if appropriate actions aren't taken.