Is it a good idea to HODL?

[Gurujebs]

It's one of the simplest strategies one can use to gain in this market. Once a project is listed among top exchanges, there is like a high probability of making huge profits even the market crash, they always bounce back.
I regret selling my bnb during the pandemic market sell off, I should be in high profits by now even with this market correction.

[Altcoin1998$]

Bitcoin market today again $30000 and i think market again  will pump. So you can invest just in time . I decide to invest in bitcoin and Ethereum and holding it for long term period.

[Jaguar]

Hold is normal and the effective way to save your potential coins like Bitcoin and Ethereum. It doesn't matter how long you hold as long as the price is increasing. Do not hold the token if you don't know the future. Just hold the potential coins with realistic goal.

[Abubakar56]

From the little experience am having I think the best way to make hug money is by holding a coin for a long term but before buying any coin make sure you do your personal research and know more about the coin before investing in it. But if you really want to make real money in Cryptocurrency I think the best way is by holding a coin because have tried it so many times and it really pay me. Let me give you an example around may 2020 I bought Ethereum around $220k and currently Ethereum is  above $1000k.

[Evgenklm]

HODL is a good idea, at least according to my coins that I sold for pennies earlier, coins from the top 20 CMC always rise well in price when the market is on the rise. You need a little patience, which is sometimes so lacking.

[trauchot]

It is very dangerous to hold new cryptocurrencies for a long time, because most new cryptocurrencies are either a scam, or after some time most new cryptocurrencies cease to exist for various reasons, so if you want to hold cryptocurrencies for a long time, then you need to choose top cryptocurrencies and then there will be no problems, but do not forget that you need to enter and exit in right time to get profit and to not lose your investments.

[Willitivity1]

Most times it's better to hodl a bounty token for a while than selling it immediately it gets to your wallet, some bounty hunters always make this mistake of selling at a low price, not knowing the coin has potentials to pump massively in the future, but I guess no one can really tell what the future holds that's why they dump it instantly, for me I do dump only when I don't see the project is not making any head ways.

[gurunanakji777]

Well said good potential coins move slowly-slowly according to the implementations of the whitepaper by the dev, on the other hand, some coins move quickly in a short time but they drop back and never get the identity of the good coin so it's a good idea to hold good potential coins for long term.

[Stgeorge]

Holding is a good strategy. Especially now the price of bitcoin and altcoins are going down. So best to hodl now. Also I have some altcoins.I bought the some altcoins of the high value. So hold is the best choice for me now. I hope give me a good profit end of this year.

[youdacapt]

To start with, hodling is a personal decisions and you must learn to be responsible for every decisions that you make. If you are a long term investor wiith good research network, then hodling is a good idea; but then you have to hodl until you are able to take profits.

[lepbagong]

To start with, hodling is a personal decisions and you must learn to be responsible for every decisions that you make. If you are a long term investor wiith good research network, then hodling is a good idea; but then you have to hodl until you are able to take profits.

maybe it's not just the decision to hold it to become people's authority, all that will be done is of course the responsibility itself, just how to conclude and do what will be done can make yourself feel that what is done is the right thing and is in accordance with the analysis he made with full confidence.

The question of the profit that will be obtained is not a matter of him being an investor, it could be someone else but he does it with good calculations, then what will be done can produce even though it will not always be luck, it can happen the opposite but how to uncover it will determine the continuation.

[masterrex]

IMHO, I think it depends on the situation and the kind of cryptocurrencies that you want to hold if the cryptocurrencies are good and promising which can bring changes and innovation will it is a good coin, and it's worthy to have it in your wallets. But if the cryptocurrencies are just useless I think it's not worthy to hold it.

[viki]

I know it's a good idea to buy coins for long-term storage.  But in order not to lose your investment, you need to choose only proven projects with a real product and a working team.

[Octoalts]

I know it's a good idea to buy coins for long-term storage.  But in order not to lose your investment, you need to choose only proven projects with a real product and a working team.

That's right what you said Bro, Hodl is indeed a very good way to get profits in the future.  But determining which coins we have to hold is difficult, because determining which coin of choice is very important . This is where it takes a lot of experience and knowledge of Crypto, how to determine a good coin.

[bigcash2011]

I think if you are holding good coins then you are safe and my personal experience is that even there is overall downtrend still market will rebound and give you profit but yes this strategy works if you just do crypto for side or extra income in a passive way.