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Cryptocurrency Trading / Re: Just HODL
« on: April 27, 2024, 10:46:14 PM »If we are talking about bitcoin the manipulating power from whales is getting weaker because the price per bitcoin is on the rise, still some of them hoards tons of Bitcoins that can create shockwave if they moved but not every big movements if actually from whales, probably exchanges are moving from their cold storage.How do you know if the power of whales is getting weaker? TBH, I have no idea to know something like this because it is difficult to analyze. However, it is true that we are in the bullish season, the price of Bitcoin and altcoins should tend to increase. Unfortunately, we are still experiencing some big dumps, the price drop has no much different from the last few months. Even if it is the halving time, the drop is still happening. Moreover, if the whales send their coin to exchanges. The market will suddenly drop temporarily because of the fear of big selling.
HODL is the simple and effective strategy that every investor should follow, once they are in here for a while they will realize it for sure.Hold is the only way for investors to earn profits. Sure, it is easy to say but it is sometimes quite difficult to do in certain conditions.