"It is not a loss until you've sold" is one of the most popular quotes in the cryptospace and is particularly quite important when prices are dumping like this. This quote perhaps is a great way to holding people back from clicking on "Sell" when they're not very sure of their investments or scared of how low their crypto investments would drop.
In a world where almost 99% of all cryptos never surpass their ATH, it does seem like a great idea to hop from one project to the other especially when it's glaring that the project may never recover. This is one of the scariest scenarios and many of us have had to make the switch from one project to the other to cover the losses and make profit.
Hodling being the easiest way to cope with loses isn't entirely focused on every crypto project. In fact, from my experience, holding some cryptos for too long is likened to holding a loosed grenade for too long. When holding pays off and covers up the looses is in cases of solid projects like Bitcoin, Ethereum and Hive. There's a high chance these project would do so well in the coming bull market, better than they did in the previous ones.
For me, hodling has by far been the easiest way to make profit and cope with the occasional crash in the market. Most importantly, since the last bulk run, I've realised to only stick to the projects I truly believe in no matter what (not shitcoins or just any alt coins). Even when these projects of interest are performing so badly, I still hold on to them till they recover well enough for me to take profit.
Please note that this article was created based on my experience and shouldn't be taken for a financial advice. The cryptocurrency marketbis extremely volatile and full of uncertainties so please do your due research before investing.
HODLing is a good strategy. But what makes the difference is what you are HODLing. If you hold high conviction assets, you will do better in the long run. On the flip side, it can get you rekt if you hold shitcoins.
Thank you @teesart for sharing this.
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Yeah, the kinda assest we hodl can make us or break us. This is why it's best to do our due research before investing and not just hodl an asset based on the hypes built around it.
Definitely,am always of the opinion that irrespective of how bad the market might be, hold and don't lose that focus no matter how tempting it might be.
Am of that word that "you don't lose when you hold more and sell less". Though at times the dip might be looking so frustrating at times, but hold
The dip may make our investments look like we've made a bad decision, but so long the project is a solid one and you trust it, things are always gonna be better. The market always recovers and holders don't lose.
As long as crypto is concern it is very good to know how to hold because it is part of the process
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Yeah, holding makes the ride more fun and safe.