HODLing
HODLing (a misspelling of "holding" that became crypto culture) means buying and holding long-term regardless of short-term price swings. It's the buy-and-forget strategy.
Understanding the Concept
HODLing works if you've got conviction and patience. Bitcoin HODLers from 2015 are retired. Those who panic sold every dip are still working. The philosophy is simple: crypto's going way higher long-term, so daily price action is noise. Stop checking charts, stop trading, just hold. This strategy works brilliantly in bull markets and tests your soul in bear markets. When BTC drops 70%, HODLers buy more. Traders panic sell. Who wins over four years? Usually the HODLers. The downside is that you'll hold through massive drawdowns. You need either iron conviction or ignorance. Both work.
Real-World Example
You bought Bitcoin at $35,000 in 2021. It drops to $15,000 in 2022. Instead of selling, you HODL (and maybe buy more). By 2024 it's at $70,000. Your patience paid off.
How Strykr Helps
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