@Wanderer18 8 May 2021 more from that month

We already know how the HODL term came to be and some disadvantages of HODLing. So, let's have a closer look about HODL. In this day and age of cryptocurrency, there are several trading strategies people can use. HODLing doesn’t entail full-time commitment like day trading does and may be the perfect entry strategy for beginners. Instead of buying and selling based on short-term price moves, a user who HODLs simply buys crypto and then holds on in the hopes of its price rising in the future. Despite there being mostly only two steps to HODLing, this trading strategy requires a great deal of emotional strength. Just from 2011 to 2013, bitcoin’s price saw an increase of 52,000%, and then in the following year, it dropped 80%. This volatility in price is why HODLers experience a great deal of emotional stress. In most cases, there are two antagonists to the HODL strategy: FOMO (fear of missing out) and FUD (fear, uncertainty, and doubt). These two demons can often lead to investors selling at low prices, ultimately making less profit than initially intended. For hardcore bitcoin believers, also known as Bitcoin Maximalists, HODLing means more to them than just battling the profit-eroding inner demons. The Bitcoin Maximalists believe that, ultimately, cryptocurrencies will replace fiat currencies. To them, it’s more than just about making a profit—therefore nullifying the relevance of the fiat exchange rate. Hope you all learn something from this. HODL is good, but we need to know and be aware of when to HODL and when to sell. Goodluck trading 😊. #NoiseCash