Before the bull season we lived, I met with the cryptocurrency markets. During my research, the following advice is given for small investors. HODL !!!. Keep your cryptocurrencies long term. Don't be a trader, you will lose… With my current knowledge, I think this is not 95% correct. I can think positively for the 5% part.
So why … ?
First of all, let's see what HODL is...
Actually, "hold" means to hold, not to sell.
The term HODL is a term that became famous in 2013 when a user named GameKyuubi on the bitcointalk forum accidentally shared a post. In the forum "I'AM HODLING!" By sharing his post with the topic title, he wrote that he would keep his Bitcoin despite the very serious decline in the market.
Since then, this misspelled term has become very popular in the Bitcoin and cryptocurrency world.
There is a manifesto consisting of 8 items.
It does not sell cryptocurrencies.
He buys from Dip.
Does not listen to fear, doubt and uncertainty.
It does not keep its cryptocurrencies on exchanges.
He makes his purchases with cryptocurrencies.
He speaks positively about cryptocurrencies.
It does not distract from the markets.
Runs Its Own Full Node.
Isn't it beautiful so far...?
Let's take a look at the facts...
ChainLINK (LINK)
ChainLink (LINK) is known as the oracle of blockchain technology. A valuable project ... When we think with the logic of HODL, its fundamental analysis is sound, one of the best projects of the past, present and future ... But after all, it is an investment tool ... It starts Golden Cross in May 2020 at $ 3.56. It does ATH at $52.7. After that, Death Cross starts at $27.23. It is currently at $8.7 levels. HODL investor earns $5.14 ( X 1.44 ) for each LINK in 2 years.
But if this trader had sold $37.94 when the price crossed the 50-day moving medium, he would have earned $34.48 ( X 10 ) per LINK in 1 year. $23.67 for each LINK ( X7) after 15 months if it had sold in the worst Death Cross formation
In short, if he had sold in Death Cross, which is the worst scenario, and bought now; X3 in hand would have more LINK. Of course, during this wait, he could stake the stablecoin, lend it or buy another cryptocurrency...
Now it's time for the part that I consider 5% positive;
Quality launch platforms and Decentralized exchanges... Let's elaborate a bit...
Launchpad platforms; They are environments that provide liquidity to new projects. They are places that introduce projects to the investor. Of course, most of these platforms create user levels and sell these projects. To determine user levels, they require their tokens to be staked with 3 – 12 months locked. If you invest in a quality launch platform, HODLing makes sense. You will both get a stake reward for the token you locked and you will invest in beautiful projects that you can buy very cheaply. For example; CropperFinance, Zignally …
Decentralized Exchanges (DEX); You can have cryptocurrencies of good projects by staking the tokens of these platforms or locking them in yield farms… For example; BiSwap …
My Last Words; As a result of what I have seen and learned in the cryptocurrency markets, every cryptocurrency should be bought when conditions occur, and sales should be made when conditions occur. If you want to make money in the cryptocurrency markets, you should do it. Of course, the final decision is yours. I tried to show you the positive and negative aspects of HODL. If you ask my opinion, HODL is no longer an option for my ...
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