Crypto hodling was profitable
Hodl or hodlers means to HOLD a crypto when the price is low, will sell when its value is high. I think it is more profitable than mining and trading. Imagine if you had stocks of different crypto and the value of all of them increased the profit would be doubled or even triple depending on the crypto you stock.
Often now someone holds their crypto currencies and continues to collect tokens. Nor can we say when it will increase or the price will go down.
HODL strategy a long time period funding in cryptocurrencies, no matter modern will increase or decreases their values have their justification withinside the ancient chart of bitcoin fees and different fundamental cryptocurrencies. Market development, in addition to the worldwide growth in interest withinside the subject, supposed that these days cryptocurrencies have hundreds of thousands of humans, or even seven years in the past approximately cryptocurrencies and blokchcin technology, few humans have heard of them at all.
The basic strategy of the investors is to buy a lot of crypto if the crypto decrease the value and release or sell it when the value are high.
Common now some newbies like me in cryptocurrency jargons words I do not know the meaning but I started to research some few jargons.
HODL - which means to HOLD a tokens. Hold on for dear life (Do not sell your coins).
Bag Holder - Someon one is holding onto currency that drops in price to the point of being worthless.
Rekt - a word in gaming world. When cryptocurrency plummets in value and wipe out the investors.
Fud - a acronym of being fear and doubt a common negative rumors spread in medias.
Bear - From Wall Street lingo: a trader who believes prices will fall.
Whale - a trader with a fat account, usually one who is bullish on the price of bitcoin.
BearWhale - a big-time trader who is bearish on the price of bitcoin.
To the moon - a rallying cry of bitcoin investors. It is common way to celebrate when a coins goes up and up.
Vaporware - a built up and hype. But has nothing to back it up and is only going down in value.
Shill - an individual promoting altcoins for their own benefits.
Altcoin - An altcoin is a digital currency other than bitcoin. There were more than a thousan of variety altcoins listed on data source CoinMarketCap at the time of this writing.
ATH- is not a ATM it is an abbreviation of "all-time high." This time period may be pretty beneficial to recognize for monitoring the virtual forex markets. These property are so volatile, so retaining their ATH in thoughts can show valuable. A virtual forex should doubtlessly hit numerous nearby highs earlier than growing to a brand new all-time high.
Fork - is a alternate in a virtual currency's guidelines or protocol. Developers replace a cryptocurrency's protocol from time to time. A fork may be both a tough fork or a soft fork. A tough fork is a alternate to a virtual currency's protocol that makes blocks created the use of the antique protocol incompatible with the brand new chain.
KYC - stands for "know your customer." Many jurisdictions have KYC policies, that have come to have an effect on startups retaining ICOs. These policies require organizations retaining those virtual token income to confirm the identification in their investors
Thankyou for spending time to read 👍
Thank you sa idea sir 😊