ChainCoin - If There Is A Problem With Hodling, That Problem Is People
The idea behind Hodling is great and noble (https://steemit.com/hodl/@biddle/if-the-hodl-method-works-this-could-be-a-revolution-and-hugeeee-chance), but if people don't implement the idea by actually holding onto the coins, the technique CAN'T work, unfortunately. SOOOOOOOOOOOO, the DECISION for any investor needs to be whether they think that enough people will not give into WHATEVER drives them to sell, be it fear, greed, uncertainty, or whatever else.
There are some good videos explaining that if a large investor decides to buy a bunch then SELL a bunch, they can cause a huge drop in price. INVESTORS MUST decide whether they think that these drops are going to make it so other weak-handed investors will dump or those who have already gained a little profit that don't want to lose it will dump.
People's word are hard to trust these day. Their greed makes it even harder to hold when we know somebody will be there to screw the investor over.
So true and that's what makes it a really tough call in situations like these.
tanto fraude que ha ocurrido con criptomoneda hace que la gente desconfie de este tipo de inversion...y mas cuando hay grandes timadores detras
Si, es muy asustadizo cuando no sabes cual personas puedes confiar. (lo siento si mi espanol es mal; soy un principiante). :)
One of the problem with any type of coin is control. In ancient times, some rulers decided to thin the metal coins, silver, or even gold to fake the value and create more money. In modern times, we had paper money, and governments and banks tells us to trust them, while they keep printing. With crypto, what kind of control we had? Time and time again we hear about Bitcoins stolen, in big numbers, Ethereum stolen also, and a big number of new coins, who spread the offer, without giving no incentive to trust, besides their words.
Without any means of control, the hope that some day people will not panic, is just an illusion.
Well said!