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Under certain conditions HODLing can be an ok strategy. Assuming my investments are diversified enough and Bitcoin is only a small percentage of my overall net
by gst 4y ago
Under certain conditions HODLing can be an ok strategy. Assuming my investments are diversified enough and Bitcoin is only a small percentage of my overall net worth, why deal with the stress of active investing and trying to time the market?
I can totally understand the mindset of investing some amount today but not wanting to have to care about that investment for the next X years. Especially with the high volatility of crypto currencies.
- olalonde 4y agoFWIW there's a lot of scientific research backing the idea that HODLing is the best trading strategy for stocks[0]. It's why women tend to do better than men on the stock market (they trade less)[1]. Given that cryptocurrency is even less predictable than stocks, it'd be surprising if it didn't hold true for cryptocurrency as well. [0] A good book on the topic: https://en.wikipedia.org/wiki/A_Random_Walk_Down_Wall_Street https://en.wikipedia.org/wiki/A_Random_Walk_Down_Wall_Street [1] https://holdfastwealth.com/blog/why-women-make-better-investors-than-men https://holdfastwealth.com/blog/why-women-make-better-invest...