For me I do not inaugurate the word Hold at all times. Imagine investing in a coin that you did not research and that hype you just finished dumping, then you wrapped it in, then you wore it more and more so on and so forth. You’re in charge, you say the POWER OF HOLD? You’re so overwhelmed and you’re no more capital.
Well, do not believe that everything is “HOLD” effective. What if down trend is that you do not have a coin? You get to work. How about after 10 years, even though your money is still down, you do not know your coin shitcoin.
So for me the most effective way is to research your coin first without you wanting to type or believe in the recommendations or bring to charismatic people in the crypto world. Be responsible and do not depend on others.
And most important of all is that you have CUT LOSS, preparations for a cut loss plan to keep you safe and do not keep your money for a long time. Do not be greedy and do not believe that the market will be forever have good price, you have to sell your target, do not worry if your coin is in to the moon when you sell it. Profit is profit atleast.