3 ms·
I find it weird that any person 'hodls' any crypto. I pick the rallies (like the one last night) and ride them, then sell. I cannot, besides stress, understand
by tluyben2 5y ago
I find it weird that any person 'hodls' any crypto. I pick the rallies (like the one last night) and ride them, then sell. I cannot, besides stress, understand why anyone would hold crypto currencies at this point. It is too young and Wild West. That's why riding waves is easy and if you trade half decent you can make fortunes. But it can be gone tomorrow; for instance if Tether gets called on it's bluff.
- jamesrom 5y agoI find it weird that people can't see how that attitude is exactly why it's a rollercoaster...
- tluyben2 5y agoYep, but I am not holding the burning bag of poo. So yes I know that but I am not going to be that religious person that does that first and I do not get why anyone would.
- tiku 5y agoYou HODL until you can get a good enough number to stop HODLing.
- randomhodler84 5y agoYou have not been playing long enough if this is your attitude. “Zoom out” is generally the quote on this.
- bordercases 5y agoIt's also irresponsible investing to hold anything without an exit strategy. Lord knows I've lost too much without this principle.
- tluyben2 5y agoWell, let us see in 10 years. You might be very rich or have $0 from crypto. I will have my money even if it tanks and be very rich if it does not. If you hodled, you lost on days like 19 may, I almost doubled up. I just don't get the religious part: if Biden 'takes on ransomware criminals', btc could drop to 0$ today and it will crash the rest with it. And it will not jump to 1m$ overnight, so buy low sell high is also generally the quote on this.
- miked85 5y agoPeople hold crypto for the same reason that someone would hold any investment, they believe it will go higher. Of course that could be wrong with crypto, but the same applies to any investment. Risk/Reward.