Don't HODL if you don't understand

[Callisto]

I completely agree with you, beginners are always lucky to understand, this is not for the crypto world. Only experienced users and professionals who are well versed in cryptocurrency will make their profit here.

[Bitstar_coin]

I think this topic best suits the recent rebase projects we have in the market, and my experience with Base Protocol was very bad partly because I didn't understand the project properly before getting involved, and from the number of complaining daily on official Telegram am not the only one, many people get into the project without any full knowledge, they have to watch helplessly how their wallet shrunk to nothing on a daily bases as a result of many negative rebase and occasional few positive rebase,  so yeah, if you don't understand don't get involved  at all.

[robelneo]

HODL is for those who understand the risk and invest what they can afford to lose because on holding coin there are risks involved in it, these people have picked the right coins or tokens to invest and put all their trust on their portfolio that the day will come it will yield huge profit for them.

[Galley]

Hodl strategy in the crypto market is very effective compared to trading, buy and hold in the long term, you still win and get your profit

It is very difficult to agree with such a statement. This is true if you are holding the top coins that you bought at the bottom. Otherwise, you may lose or wait a very long time. And trade is profitable if you have the basic knowledge. And if you have in your hand's altcoins received from the bounty, then holding them is generally very risky.

[Pheonyx]

You are correct mate which is the only thing to secure your fund. Newbies is important to learn the acceptance which is far better than to expect which is as newbies understanding is not enough yet when it comes to reading the market condition.

[Sirait]

^ HODL is a keyword, if you are not good at using it then you will not be able to open your lucky door. if you really need it then sell it immediately.

[MRM]

Currently it is most profitable to hold any currency. Holding Bitcoin can be the most profitable. Bitcoin currently has the best potential among cryptocurrencies. So before holding any coin in the market, you must know about coins. So I think hold should become a habit of investors.

[Bitrab]

I think it's much better to hold on to the current market. It is possible to make a profit by holding any coin. Currently cryptocurrency has been able to gain much more prominence. So many investors in the market have developed the habit of holding.

[Riktakhanom]

It is better to hold cryptocurrencies if those who have no idea about the hold hold on to investing in currencies like bitcoin there will be no risk of making a profit if the price goes up. For beginners it is a very good move and many traders like to hold on to crypto.

[Ghozrd]

Of course, all of them require research and experience before holding coins for long periods of time.
Update information and the market situation will affect the coin price on the exchange. I will hold coins like Bitcoin and tokens that have a good idea for transactions. The decision to hold the coins requires fire to make a profit

[ShadowCrypto]

I predict a blow-off top between $25k - $30
prob somewhere in the middle like $30kgive or take
I gave a gut feeling the FOMO will get pretty crazy in January

[ice18]

It depends on the situation of a trader if you are a day trader then "hodl" is not your word since you are trading everyday and you are making profit by buying at low and sell at high but if you are not a day trader and busy on other things and no time for day trading but you want to invest on cryptocurrency you should believe in hodl buy and hodl for like 1 to 2 years.

[Quart]

all of them require research and experience before holding coins for long periods of time.

Not only for long term, even holding a coin for a short term is required understanding about the coin in detail. You shouldn't buy a coin if you only follow the hype without understanding the coin. Crypto coin will be a bubble if you don't know how to choose the proper one. You need a little research to know the potential or the bad side of the coin.

[tervel]

Part of investing in cryptocurrency is learning what works for you. Be the one to mitigate the risks, and that means you will have to determine when it’s the right time for you to sell. No one can tell you, with certainty, when to HODL or when to sell.

[TERMINO]

Hodl is for the wise. In some cases we hodl because we hope. We don't hold because we doesn't hope the project to succeed in the long run. There are things must be consider before holding the coins. Apart from potential, the formation of team is additional factor to trust the project and hold the token.