Crypto Newsletter: Why Is HODLING Important?

HODL is actually a slang term for those who are not familiar with the term and it has evolved in a philosophy based on the belief that cryptocurrency is the future and we shouldn’t sell them when dips occur on the market.  In this crypto newsletter we will discuss why exactly hodling is important and how does it fight the destructive actions of traders.

The market has been and will be always volatile. This is maybe because of its relative newness but also because there are significant events that affect the markets constantly. When things like this happen on the market, people tend to panic and start selling, overloading the market and eventually push the prices down.
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Other users see this behavior and also join the bandwagon thus further lowering the price. HODLing will actually protect the market in such cases.

The more people hold on to their coins and don’t sell them, the less damage the market is likely to suffer. These people aren’t really scared that the prices are dropping and don’t tend to make a quick fortune. It takes a lot of patience to hold onto your coins when the price fluctuations go crazy. There’s a common opinion that investing in cryptocurrencies is the same as investing in the stock exchange. Though the idea is the same, in practice is not exactly the same.

Many cryptocurrency users are now simply HODLING and thus fight against the two most destructive actions a trader can do which is FOMO (fear of missing out) or FUD ( fear, uncertainty, and doubt). Other HODL because they believe cryptocurrencies will eventually replace fiat currencies and they will get rich when this happens.