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+--- Thread: How do you feel about the concept of "HODL" and in what situations do you use it? (/showthread.php?tid=575)
How do you feel about the concept of "HODL" and in what situations do you use it? - deucher - 12-26-2023
When I got into the field of cryptocurrency, for some reason I relied on fast money, because then many coins literally in a day could grow by 30-40 times and everyone was talking about it, so I thought that I could invest like 20 dollars and withdraw 10 times more in a couple of days but, unfortunately, not everyone is lucky, that's why I didn't lose money, but I didn't earn either. And I realized that not everything is so simple and it is necessary to deal with it in detail in order not to lose money in the future. This concept is now the only way for me to make money by investing in coins, because now coins like Ripple or Solana will not grow into dozens in a couple of days, and I don't have the time or desire to invest in anonymous projects that can do that, because most of them are scams .
RE: How do you feel about the concept of "HODL" and in what situations do you use it? - Heatman - 05-30-2024
If you don't know how to trade cryptocurrency on Futures, the only option that's left for you is to buy and hold for it to appreciate before you sell. It's the only way to make money from cryptocurrency for you. This is why finding the right coins to invest in and leave them for a long time is very important.
RE: How do you feel about the concept of "HODL" and in what situations do you use it? - Kennysplash - 06-21-2024
It is a very good idea and concept because it pays well in the long run. As long as you have the funds to invest and not look back for months and even years, just make sure that such money is one that you can afford to lose.
RE: How do you feel about the concept of "HODL" and in what situations do you use it? - Heatman - 06-21-2024
(06-21-2024, 09:41 AM)Kennysplash Wrote: It is a very good idea and concept because it pays well in the long run. As long as you have the funds to invest and not look back for months and even years, just make sure that such money is one that you can afford to lose.
Exactly! This is one of the things anyone who is interested investing in cryptocurrency must always understand especially if you want to invest on a long-term project. If you know that the money is something that you need to run any other transaction in a very short period of time, it is better for you not to invest it in cryptocurrency because you will never get profit from it.