You don’t need to hodl a particular coin all your life
You don’t need to hodl a particular coin all your life
How long have you been hodling a particular coin while the coin has been making progress for your profit taking and yet dropping in your eyes ?
Some people don’t understand the hodling technique, they are hodling a particular coin and never sell to rebuy again or to sell and buy another coin. You can sell this coin and buy that other coin that is how to turn over your money.
I didn’t tell you to sell your bitcoin and not to buy again. I only say you sell the bull and buy the bear
There are some tokens that I have earned from a signature campaign but have not really sold it. I wasn’t aware it was distributed actually and that I also did not see the tokens in my wallet because it’s sent as BEP tokens. I clearly didn’t have BNB but the team release thier token to both chain ETH and BSC chain which left me hanging.
It was late to discover that I have those tokens but I have no BNB as I found out. I just kept the tokens while the price keeps dipping to -70% I did not do anything but just watch the market red which is funny. Once it goes up, I will probably sell them.
Well, hodling forever is a pretty dumb move. Sooner or later you’re going to have to sell that coin. A coin itself isn’t always going to go up in the future, not to mention that the purpose of hodling itself is to sell it at a larger price so you can profit off of it more. It’s just that some people like to do it over very long periods of time, and that they’d rather not spend it even if they’ve already profited at the current price, they instead wait for a bigger opportunity. Looking at the big picture so to speak. It’s all about how you do the market though, you do you, nothing can stop that.