Current Events > CE: "HODL is a bad strategy."

(+) Yeah! (+)

"I'm glad I sold all my crypto and made $20. HODLing for 3 years for 10x the gains? No thanks."

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Hodor

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You could also HODL for 3 years and lose it all. And if you do, maybe it's best to take the little amount it's still worth, but maybe if you wait another 3 years it'll moon harder than ever.

The point is that you never know. People are gonna do what they feel safe doing. If they're at least making some money, that's better than nothing. (Although that does depend how much they made it on. $20 off a $100 or even $500 investment is alright, $20 on a $10000 investment is barely worth the time...)

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Trumble posted...

You could also HODL for 3 years and lose it all. And if you do, maybe it's best to take the little amount it's still worth, but maybe if you wait another 3 years it'll moon harder than ever.

The point is that you never know. People are gonna do what they feel safe doing. If they're at least making some money, that's better than nothing. (Although that does depend how much they made it on. $20 off a $100 or even $500 investment is alright, $20 on a $10000 investment is barely worth the time...)

If you only invest what you can afford to lose, and only invest in top 10 coins, it's a pretty logical and safe investment.

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https://gamefaqs.gamespot.com/community/HODL

BANNED!

If you buy and sell every dip and rise, youll make much more profit in the end

Holding is easier and possibly safer

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"Hey bro i made 100 grand in the 5 years i've held crypto! isn't that sweet!"

"Yeah i quit my job to do it, but still......100k bro! tax free! i think! idk lol!"

Trumble posted...

You could also HODL for 3 years and lose it all. And if you do, maybe it's best to take the little amount it's still worth, but maybe if you wait another 3 years it'll moon harder than ever.

The point is that you never know. People are gonna do what they feel safe doing. If they're at least making some money, that's better than nothing. (Although that does depend how much they made it on. $20 off a $100 or even $500 investment is alright, $20 on a $10000 investment is barely worth the time...)

you could technically lose it all investing in any company, I invested 20k in a start up a few years ago and they busted and I lost it all, shit happens, just gotta evaluate the expected value of the investment, whether it's speculation or not is irrelevent, just practice proper bankroll management and you'll be fine

ROOTFayth posted...

you could technically lose it all investing in any company, I invested 20k in a start up a few years ago and they busted and I lost it all, shit happens, just gotta evaluate the expected value of the investment, whether it's speculation or not is irrelevent, just practice proper bankroll management and you'll be fine

Absolutely. None of what I said is unique to crypto, either.

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ROOTFayth posted...

you could technically lose it all investing in any company, I invested 20k in a start up a few years ago and they busted and I lost it all, shit happens, just gotta evaluate the expected value of the investment, whether it's speculation or not is irrelevent, just practice proper bankroll management and you'll be fine

Startups are not representative of the stock market

Crypto total value is less than 1% of the stock market

Unless you're very sure it will outperform stocks by huge margins there is no reason for it to be a big part of your portfolio

If you think you know better than investment banks whose staff are evaluating this as their day job, you are both stupid and arrogant

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