Crypto Saturday: Hodl 101

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Crypto is becoming popular every day and it is no more secret that if you can't hodl crypto is not for you because there will always be times when the market will not be in your favor and all you have to do is just hodl but this is the first lesson crypto thought early adopters but as time goes on we realized that crypto market don't all work like that and things are changing each day. The truth is hodl holders are kings but the last few years thought us a different lesson.

After Bitcoin start making waves so many came out and were just buying with this same mentally of hodl but so many people got rekt and lost a lot of money because the idea was to hodl and not to do enough research, buying without proper research cost many and this brought fear in many people that altcoin is not good but some altcoin is doing amazingly well not and are part of the reason for crypto insane growth but what people lack then was understanding that not all crypto project will work.

That is just the truth and people later realize this now before you invest your hard-earned money into a project the first question that will be asked is hope you have done your research. Now research is the first thing we normally do and then we can now plan to hodl but as easy as hold may sound sometimes can be difficult when we don't do it properly and this is where crypto gets tricky. Investing in a project is a thing and holding during the crazy circle is another thing.

When buying crypto another mistake we always do is buying with all our money without proper planning, we can be buying into the right project but when we buy a particular coin with all the money we have left this is not always good because an emergency might show up and how can we tackle it when we don't have any money so will be pushed to sell and any rate even though in massive loss and this makes us vulnerable. We might know the importance of hodl but we will be forced to sell.

Apart from the fear that people have during the crypto market bearish season another mistake we normal do is trying to be fully dependent on crypto without having another source of income to support it in a way, the crypto bearish season comes with low income that people earn way less than what they normally earn in the bull season and when the question of whether to choose hodl or survival pop up we tend to choose survival and sell our coin.

Conclusion.

When we are investing in crypto we must know is not always about hodl because if we are holding the wrong coin we might lose money but buying a coin for the right reasons is good by doing proper research on the coin and after doing that we can now plan to hodl which is difficult sometimes but these simple ways I have mentioned above you should fine.

Thanks for your time.

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