Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

HODL: The simplest (and most difficult) crypto strategy

robot
Abstract generation in progress

Everyone talks about HODL, but what is it really? It’s basically buying crypto and holding it without selling, regardless of whether the price goes up or down tomorrow.

It sounds easy, but it’s the hardest thing in crypto. While BTC drops 30%, your phone keeps vibrating with panic news. That’s where many break down and sell in the red.

The idea behind it is simple: short-term volatility doesn’t matter. If you believe that Bitcoin or Ethereum will be higher in 5 years, why sell now?

The practice:

  1. Buy when you feel the price is reasonable
  2. Store your crypto in a secure wallet
  3. Ignore the charts day by day (this is the hard part)
  4. Sell when you reach your target or when the market reaches a logical point

The key point: HODL is not “never sell.” It’s having a plan and the patience not to sabotage yourself emotionally. Most of those who became rich in crypto weren’t the ones who traded the most. They were the ones who simply bought and forgot.

BTC1.4%
ETH0.27%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)