HODL: The Dumbest Sh*t You’ve Ever Heard or Pure Genius?

I remembered writing an article almost 2 years ago in Publish0x titled “Why Hodling is not for everyone”.

Image by vocablitz from Pixabay

*For free user, you may use this link to read the complete article*

If you feel particularly lazy today, here’s the TLDR;

i. If you buy on top, chances that you will be hodling on your bags for a long time before another cycle makes a return. Even then you would be selling just to break even.

ii. Not everything is good for the purpose of hodling — exceptions are: Antiques, BTC (maybe), Gold and other precious metals. Collectibles. Real estate.

iii. While you shout HODL to the moon!, the guy next door is dumping on you. Picture it.

My personal clouds

Till today, there are still clouds of doubt in my mind that hodling crypto is a foolproof plan. In fact, anything that involves us humans are never foolproof. The ones that were better off were those who were lucky enough to forget about the fact that they bought ETH at 2 dollar per token, and BTC at 1 dollar per token.

These are the outliers — the bug in the system.