RE: HODL is for chumps (video/podcast)
This is fine and good advice on any NORMAL market day.
However, all indicators of the future show NOT NORMAL being the norm.
Getting in or out of the market depends on people getting out or in. If one side isn't there, there is nothing you can do.
Dollar Collapse - its coming. When? Don't know, but all signs point to the edge of hyper inflation. When the dollar starts going, you won't have much time to buy... and there might not be much to buy.
Actual Adoption - its coming. We are at the beginning of actual adoption. And when that happens all the curves are accentuated. You thought things went up fast before? I can easily see bitcoin never hitting 10k this time around. It goes 4k, 5k, 6k, 9k, 100k.
Exchanges Are Trading Air it is apparent to many analysts that the exchanges do not have the coins they are trading. So, it is a game of musical chairs. And, if you wait to get a chair, you will lose out completely. No $s, no cryptos.
So, for these reasons, it may be better to HODL.
(or, a more appropriate term is cost averaging. keep stacking bits.)
Thanks for your comment, those are important things for people to consider.
From my perspective, people have been talking about dollar collapses or other big crashes since the 70s or 80s. It seems like the dollar is a bit more robust than we give it credit for. Maybe it won't last forever, but it's not so easy to kill.
Even so, we have the choice of purchasing precious metals, which are a good hedge against fiat currency without being involved in crypto.
I think you might be right about the beginning of actual adoption. People are starting to use crypto as a serious store of value and medium of exchange in Venezuela and other places. Wider adoption might be more difficult, because people in developed nations are a lot more comfortable using dollars, euros and pounds... and even many people in developing nations are fine using dollars.
Do you have some sources about exchanges doing this kind of naked trading? I'm sure it's part of the reason so many exchanges have disappeared over the years. Do you think big exchanges like Binance, Upbit, Huobi are doing it?
To clarify your position, are you saying that people should have all or most of their portfolio in crypto? I'm not saying that people should ever necessarily sell their entire crypto position, just that they can limit their risk by selling crypto as it goes up, so it isn't a large percentage of their portfolio.