▶ What is HODL?
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What is HODL? In the world of cryptocurrency investing, the term “HODL” is frequently employed. It has an intriguing backstory and is a misspelling of the word “hold.” The term also became popular among holders of other cryptocurrencies. It’s not only a well-known term; it’s also regarded as an investment tactic.
Despite the fact that “hodling” is theoretically a less risky position than trading, investors must still consider the risk of shifting regulations and public opinion.
Crypto buy-and-hold
The buy-and-hold approach is referred to as “hodling.” In order to benefit from the asset’s long-term value growth, buy-and-hold investors frequently keep onto their investments for a long time. Traders, on the other hand, are considerably more active in their transactions and seek profits by purchasing at discount prices and selling at premium prices.
Cryptocurrency holding
The phrase “cryptocurrency holding” refers to a long-term investing strategy with the goal of accumulating and storing cryptocurrencies in a digital portfolio or wallet. The goal of the holding is to make money by increasing the value of the assets you store in your wallet and by earning money through the use of cryptocurrencies, such as dividends or interest.
- You are in charge of investment risk
- You benefit from market turbulence.
- You benefit in the long run.
- more control over your finances
- increased adaptability
- Potential for yield
The opportunities that come with this new approach to investing, though, are ideal if you have patience.
This is not investment advice. DYOR before making any investment decisions.
