What Is The Reason To HODL? People hodl because they: 🔘 Wanted to save and multiply their assets in the simplest way; 🔘 Don’t want to spend much time on active investment; 🔘 Don’t want to dip into technical analysis or aren’t sure of their analytical ability and skills; 🔘 Are confident that their favorable cryptocurrencies have the potential to become long-term winners. All in all, people choose this strategy because hodling doesn’t require much effort and they have a strong reliance that the price of the cryptocurrency will see a rise in real-value over a long time. Furthermore, HODL has become a philosophy which helps investors to resist the constrained syndromes: FOMO (fear of missing out) and FUD (fear, uncertainty, and doubt) which occur time and again due to the volatility of cryptocurrency market and hit impressible trades, making them sell their actives. How about you? What is the reason why you HODL? 🙂 SOURCE: https://medium.com/the-capital/what-is-hodl-6-things-you-should-know-about-long-term-strategies-8b681e830c5d
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