The Hodler- Characteristic

The term "HODL" comes from a now famous Bitcoin talk forum post where a Bitcoin investor said he wanted to keep his Bitcoin investment despite the price decline, but misspelled the term "hold" by writing "hodl" instead of "hold".

Some also say that the term HODL stands for "Hold On For Dear Life".

 The HODLer can be a large or small investor, an early adopter, a newcomer or even an institutional investor. It is simply an investor who believes in the future of crypto-currencies and is willing to hold his investment for the long term throughout the volatility.

STRENGTHS & WEAKNESSES

STRENGTHS

• No FOMO (=Fear of missing out)

• You can remain calm even with drastic market volatility

• Long time horizon

• You can invest a lot of time in other projects, further education etc.

WEAKNESSES

• you often are not able to catch short-term profits

TIPS & TRICKS

• Store your coins safely and "forget about them"

• Buy regularly to compensate for fluctuations (Dollar-Cost-Average)

• Every 3 months, check the news of the respective coin to be up to date.

• Also set a sales target/ limit when buying