Pretchi
“If you can’t handle a 30% drop, you don’t deserve 1000% gain.” Just take it from this phrase and you’ll understand why holding crypto is important for future gains.
You know, investing in crypto is like riding a roller coaster, will always have ups and downs that make us want to hop off before it’s done. Most of the time, it’s REAL smart to resist that urge.
Remember, literally, it’s a dumb and terrible idea to take off from a Roller Coaster ride just because things get bumpy.
To fully understand the concept of holding (HODL) Crypto, we need to unveil the very basic concept of trading – buy LOW and sell HIGH.
Before that, here’s a FUN fact about the word “HODL” – In the early Bitcoin forum, a lot of crypto traders misspelled the word “HOLD” to “HODL” and readers put some meaning to it “Hold On for Dear Life.” Now, it became an accepted slang in Crypto – a meme of sort whenever the price dump, then crypto traders say “HODL”.
Keep HOLDING…
“Buy LOW and sell HIGH” is the most common phrase you’ll hear in trading whether it’s stocks or crypto alike. It’s the basics of trading – very self-explanatory, you’ll just need to buy whenever the price is low and sell it tenfold.
But, why is it correlated to HOLDING? What’s the connection?
Simple, it’s the fundamental of HOLDING crypto, without it you’ll never make it alive in the Crypto trading arena. But don’t be confused HOLDING is totally different from TRADING.
Bitcoin is living proof that long time HOLDERS gain more than passing by traders. Keep in mind that whenever you hold a Token/Coin you’re helping it grow and when you dump it – you’re killing it slowly not just the Token/Coin but the whole industry and the people who depend on it.
According to the data provided by Statista, a trusted website that measures statistics, infographics, and does a global survey, the price of Bitcoin in December 2016 is just $952 compared it the current price which is currently in five figures ($50K) – Then I let you do the math.
To be more realistic, let’s go to a recently created Token, and it’s been getting a lot of attention lately because they have been breaking it from one record to another.
Safemoon is a very new cryptocurrency with almost no history at all. They began trading in March 2021 at $0.000000001 per Safemoon coin. A lot of Crypto enthusiasts are skeptical about this coin – not the true believer through – the HOLDERS never give up while the passerby traders give up easily as expected.
From eight (8) zeros down to five (5) zeros in a matter of two months with a current market capitalization of over $8 billion dollars, they just break a world fuck’n record in the entire history of Cryptocurrency. A coin that has no HISTORY at all is making a footprint in the world of Crypto.
Those believers (HODLERS) are the real blessed and those passersby are the real mess of crypto.
Whenever you panic dumping/selling in crypto you are threatening the new investors, with no new investors- meaning no money is going in, and if this trend continues we’ll all lose this business.
HODL and believe
Crypto believers are HODLERS… Traders are just another extension of the old guard of opportunism and financial gain. They see Crypto as just another mechanism of Wall Street gain.
So be a believer and HODL, new investors are coming in, and potential is very HUGE.
