Holding Bitcoin for long time is not new idea many people think of it as safe and valuable asset like gold. Bitcoin was first cryptocurrency and has led to many new platforms and services. Its value goes up and down but it is still one of biggest and most well known cryptocurrencies worth over $1.9 trillion.
Most investors do not really get the idea of HODLing, they feel that this strategy is all about HODLing for profits or that an investor loses when the price of Bitcoin dumps. People who think of it this way are only those who are in the market for its short term gains, and like we already know, Bitcoin is an asset that should be considered at all time for its long term trajectory and potential, because that’s the only way one get to reap the actual benefits of Bitcoin.
An investor’s loss doesn’t come when there’s a dump or a dip in the market, no, it comes when an investor sells in the middle of that dip, because even in DIPs, there’s still every possibility for the price to surge again and when that happens, the investor regains all the money he feel he lost to the DIP, it’s just a matter of patience.