Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: zorchy on October 09, 2018, 07:00:45 PM
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Do you think that the HODL approach is good bitcoin?
Sometimes I think that because so many people HODL it makes is easier for some big players to manipulate the price.
I wonder what the community think about it.
I personally HODL for almost a year, I made some money and lost some money, But generally, I'm positive about the long run. I'm just curious about the fact that maybe we are the one who make it possible for big companies to influence the price in such an easy way
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Yes, the hold approach is good for bitcoin and even most other cryptos. You just have to be careful and follow the market closely.The whole idea of digital currencies is quite volatile and risky but if you actually learn how play your cards well you will really enjoy. The whole system of blockchain is the secured form of investment i have ever known. Nobody can take your money unless you gave them the permission without you being aware.
Bitcoin is not managed by any specific person. It is a peer to peer transaction which does not involve the involvement of central banks. Digital currencies are here to stay. Invest in them, hodl and at your own covenient time sell and make profits.