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RE: 5 Reasons to Hodl

in #crypto7 years ago

This is a nice article and enjoyed reading it. I don't feel like hodling is the only strategy that works. At the end of the day I want to make money or atleast own more cryptocurrency than I used to own before. Hodling just allows what you own to become worth more, but you aren't actually making money or more crypto. In my opinion you can make good money if you buy one of the more established altcoins e.g ethereum,litecoin or monero. You should buy in a time when bitcoin is really taking a dip and when people are panicking. At that point buy it and hold it until you can sell it for a profit. (How long that might take is besides the point.) If you can sell it for a profit the same day or few hours later then do that. If you have to wait a week then , wait a week, but don't sell unless you are making a profit. Sell for profit and don't let your greed affect your decision making. Even if you are making a 20% profit that is really good. You can even divide your portfolio in half and only day trade with half of what you own and hodl the rest. Not sure if I'm making sense here?

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Agreed...my point was dont panic and sell into weakness. Name of the game is stack those coins.