Don't HODL if you don't understand

[sidik7]

its important to learn before holding especially for the long term its necessary to do a good analysis on the journey of the project or coin so that we can understand which direction the proggress of the coin is and avoid risk.

[ayatoslaw]

its important to learn before holding especially for the long term its necessary to do a good analysis on the journey of the project or coin so that we can understand which direction the proggress of the coin is and avoid risk.

Not only important, but it must be done.
As an investor, it is imperative to do research before investing, because research will determine your investment goals.
In fact, not only research, an investor must also follow the development of the project every week if necessary, this is to make sure that the project is still responsible with the coins they make.

[Quantum X]

its important to learn before holding especially for the long term its necessary to do a good analysis on the journey of the project or coin so that we can understand which direction the proggress of the coin is and avoid risk.

Not only important, but it must be done.
As an investor, it is imperative to do research before investing, because research will determine your investment goals.
In fact, not only research, an investor must also follow the development of the project every week if necessary, this is to make sure that the project is still responsible with the coins they make.

Yeah right. Investor should watch the project where he investing just to be updated all the time. Some projects are not capable to continue the momentum or making the project real and this is the point the investor have to pull out the fund.

[Evgenklm]

No one is immune from trading failures, of course, it is more important to keep bitcoin and ETH in your wallet for the long term, but now the price of these two coins is at its peak, there are other rather promising coins, for example, I would look at DEFI.

[Beattysuhita]

Want to HOLD coins to get big profits in the future, then choosing good coins is a must to do to avoid the risk of losing. Choosing Bitcoin and Ethereum is a very good choice, because these two coins are the best coins and also have a potential high price in the future.

[Millionaire]

from the first time I invested in cryptocurrency in 2014, I always invested in two coins that I must hold, namely bitcoin and ethereum.
because both coins have good potential in the long term and are unlikely to betray investors. Look at 2018 when the price of bitcoin dropped to $ 4000 and ethereum to $ 200 I kept it and this year ethereum and bitcoin gave me a great surprise.
the reason I stick with these two coins is that bitcoin and ethereum have high interest and have a large community. so that I am never afraid to lose

[whyrqa]

from the first time I invested in cryptocurrency in 2014, I always invested in two coins that I must hold, namely bitcoin and ethereum.
because both coins have good potential in the long term and are unlikely to betray investors. Look at 2018 when the price of bitcoin dropped to $ 4000 and ethereum to $ 200 I kept it and this year ethereum and bitcoin gave me a great surprise.
the reason I stick with these two coins is that bitcoin and ethereum have high interest and have a large community. so that I am never afraid to lose

You did very well indeed. The big problem with many cryptocurrency users who have invested in Bitcoin and Ethereum is that they gave away funds that were very important to their budget. In addition, the constant income from cryptocurrency was very important for their daily life. If you have already made a decision for investment, then you need to invest for a long time and not look into your wallet every day.

[H2O]

If anyone has no enough knowledge and experience about trading, holdings and investing, I think he shouldn't take any risks to hodl. I think he should sell half of assets if Market pump. And another portion should keep for further development.

[Mas Bro]

That's absolutely true, in this cryptocurrency we need good knowledge and experience in every activity, especially holding coins. If you want to hold coins, you have to review and research whether the coin has the potential or not, so that you don't suffer losses.

[MrSpasybo]

I agree with the point: if you don't really understand the project, sell its token when it feels necessary.
Aside from the regret of not entering the crypto market earlier, not selling crypto assets also makes many people miserable. Holders over the period of 2017-2018 will understand this very clearly when the token price falled to 1%, holders can only watch the assets evaporate, bullrun appears but not for tokens they hold.

[Callisto]

I totally agree with you, good advice for beginners. It is especially misleading for newbies to invest a lot of money in unknown coins or which, only after listing, almost always disappear after listing.

[mohdelayo]

Hodling is ultimately the winning idea in crypto, especially when one has done their due diligence and understand that an asset is worth hodling. Sometimes people ended up becoming hodlers due to inexperience in the space and the fact that they allow their emotions to take over their decisive judgement. Some invested money that they cannot afford to loose, hence a small dump will forced them into hodling and not shorting at lost.

[Crypto Guard]

It's better if you decide to hold, you really have to understand what coins you are holding, you have to understand. This is important so that you don't get lost.

[Quantum X]

It's better if you decide to hold, you really have to understand what coins you are holding, you have to understand. This is important so that you don't get lost.

It's totally correct. But for the new bounty hunters holding is not advisable if you don't care about the condition and the future of the coins and you only care about the price. In this case hodling is unnecessary because they might hodling it for the lose.

[kent47400]

I think it's true that HodL is only used if we fully understand what we have for all cryptocurrencies.
I see this is something we have to do because if we are not familiar with the basics of various cryptocurrencies then it is the same as gambling.
Maybe the coins that we HODL can increase or even the coins we HODL can become worthless trash.