According to financial analysts and planners, HODLing is considered to be a rational reaction of the market which makes it a bit difficult to predict the volatility of its prices. At the same time, if we talk about its price, then in the year 2013, there was a huge drop in Litecoin and Bitcoin prices. There was a post on an online forum that contained a minor misspelling and would be the mythical “I Am HODLing.” Due to the slang of the word “hold” to all the early adopters of crypto and because of the immutable superstition they completely took over. HODL has only one expectation and that is, it refers to a strategy of sticking with the digital asset regardless of short-term market movements. If we talk about the period of a few years, then you can see the profit value with momentary swings. Hence, to be successful in trading, you need to check www.immediate-edge.co to help you trade any type of cryptocurrency you feel most comfortable with while sticking to a particular plan.
But when it comes to “HODL”, it is considered more than a meme. On the other hand, when it comes to financial planners and analysts, this type of market is considered to be a rational reaction, due to which it becomes very difficult to predict its volatility with it. The holding is considered important because it is a nascent industry, which has not been able to trade assets and capture volatility as a retail investor. In the year 2013, for HODLer it was not an illusion for the game’s potential in the market. But the same post on the other hand also expressed the belief that this time may make some corrections in the making of bitcoin’s fortunes.
What is Hold?
Some people began to use HODL as a name after some time, meaning “hold on for dear life.” But HODLing has some utility, which, like an investment strategy, has some limitations. For long-term crypto investors, several services are provided to clarify their goals and monitor risks. If you are planning to invest for the long term rather than the short term, then this is a very good idea. You should invest your money in the stock market only if you are aware of the time-tested guideline. If you want to invest your money or you are interested shortly then it is good for you to keep investing for 3 to 4 years.
Is HODL for you?
If you are a HODLers or a new crypto disciple you will not need to learn anything. If you too have complete confidence in your investments, then you would know that this market is witness to a lot of volatility, for which you will be prepared in advance and you will be less likely to panic. Morrison says that the best strategy for you is that whatever you go to buy anything, first of all, you should consider why you are investing in it, for this you need to have a strong idea.
At the moment you are tempted to sell it, the most important question is whether the analysis has changed about you. It also doesn’t mean that keeping your investment with you forever will be risk-free. Blockchain technology and crypto are still relatively untapped, and it doesn’t envision supporters as a revolutionary innovation. There may also be times when you are prudent to sell when you have accomplished all of the goals that you envisioned, at that point some profit can be made. If you are a crypto buyer you will need an investment policy statement. You want to know what might change your mind to sell it, otherwise, you have to be a HODLer.”
