Bitcoin Cash must not be Hodl

Many of us, Love to see their wallet grows. Some of us literally Hodls their Bitcoin Cash and not spending atleast $0.01 worth of their BCH. Why did you want that?

Before continuing my lecture. Let's define first what is hodl.

What is HODL?

If you spend time talking to cryptocurrency enthusiasts, you may have been told to HODL your bitcoin cash. HODL means “Don’t sell your cryptocurrency!” But why not just say hold, and where did the term HODL come from?

The term HODL originated from a forum post in 2013 written by Gamekyuubi.

Understanding the ideology of HODL is simple: Hold on for dear life –– don’t sell. As explained in Gamekyuubi’s forum post, if you’re not an experienced day trader or simply professional trader, then you will lose your cryptocurrency to the market 😟.

HODL is a verb, and it can be used the same way as the word “hold.”

Now that we know the meaning of hodl we now discuss the disadvantage of Hodlings.

Disadvantages of Hodlings:

✓ The Bullish Decision or Profits’ ultimatum

While Hodling may seem attractive, Active trading undoubtedly yields better results in the market. Instead, HODL traders could yield better results by investing in diverse cryptocurrencies and monitoring the charts daily, weekly, bi-weekly, or monthly, rather than holding for an exceedingly long time.

If you experience the market inching towards a peak, a perfect example would

when Bitcoin Cash inched towards the $1500 threshold; the best decision wouldn’t have been to hold the Crypto; instead, it would’ve been to sell close to the high price or peak. This decision would’ve given yielded much better results in contrast to holding throughout a bearish market.

✓ The Bankruptcy or Risk of Losing your Funds.

Hodling requires a lot of patience and courage, and sometimes this profound amount of patience could lead you to forget where you leave your funds or crypto. Many consider they would have access to their wallets and realize they don’t have their private keys or 12 phrases recovery words anymore. This has often happened to many people around the world, and it can certainly be detrimental to both the financial life and the mental fortitude of a person not remembering his password or email or private keys.

Therefore when following a HODL strategy, you need to make small transactions from time to time to verify if everything works ideally and secure your funds’ storage. This way, you don’t damage your portfolio.

✓ Time Prediction or Only Time Can Tell

While holding has its fair share of benefits for long-term holders, it may not be ideal for traders on the hunt for fast, consistent profits within the crypto market. However, the latter could excel in swing trading and day trading.

A profitable Hodling strategy could take months or years to bear its fruits. Moreover, it takes even longer if you didn’t buy Bitcoin Cash at its average price. For instance, buying Bitcoin Cash at $1,400 -$1,500 would not have been the best of decisions considering that threshold was available only for a few days.

Additionally, if you bought Bitcoins higher than the $1,500 level, unfortunately, your funds are in losses, and there’s still a long way to go till Bitcoin Cash reaches that threshold again if it is not pumping.

FOMO AND FUD

FOMO and FUD are the most common enemies of the HODL strategies. The fear of missing out and the fear of uncertainty and doubt can often lead to investors giving in and ultimately selling at lower prices.

This will Lead in Losses and make your life a little miserable.

So why Bitcoin Cash must not be Hodl?

Hodling is not Fun to do. It was a boring way to grow your investment and money.

Hodling depends on time frame, Hodling in a period of time is Either you will gain big of you will loss big.

Bitcoin Cash is a Peer to peer electronic CASH system, that mean it must be used to buy goods, pay services and send as remittances or Simply used in our daily life. Because Bitcoin Cash is to replace or out performed Fiat money and adopt in the 21st Century-Modern and Online Civilization.

Let me Quotes my Friend Post, He received 1 BCH from Mr. Marc De Mesel

https://noise.cash/post/l22k56z3

"I really Don't Hodl my Bitcoin Cash

Yeah that was True, I don't really hodl bitcoin cash because I want it to be used by many people. Keeping it rolling in the blockchain.

See pictures below, My 1 BCH is divided and transferred to many addresses. First thing I do is to put 0.5 BCH in our trading app, That's where we will multiply our Holdings. 2nd address that i transferred some of my BCH is my personal wallet, that's the one I used when I need money to use in my daily life. 3rd address is for my girlfriend, I gave her a gift which is BCH so we could strive more to earn and multiply our Bitcoin Cash. I also give small amount to other people to be a motivation to do more and help them encourage their capabilities.

It is fun and amazing to see you have 1 BCH on your wallet, but I don't want to see my Bitcoin Cash stock on my wallet, I want them to explore and make someone happy.

INSPIREDADVOCATETHOUGHTS"

FINAL THOUGHTS

We must be Inspired of how Mr. Marc De Mesel use his Bitcoin Cash. He is not Hodling it. He spreads it

We must not simply hodl our Bitcoin Cash or other cryptocurrencies. Put it in use.

Bitcoin Cash is now our digital money and many merchant's are adopting BCH as a mode of payments. Adoption is our way to make Bitcoin Cash more useful than any other cryptocurrencies existing.

BITCOIN CASH IS THE REAL BITCOIN and have been proven that with Satoshi's definition of a Peer to peer electronic cash.

Bitcoin Cash is a Peer to peer Digital Cash.

Bitcoin BTC is a store of value.

FINALE