HODL Means GOLD
Assalamu Alaikum,
The popularity of crypto is currently increasing manifold. As a result, new investors are entering this world every day. Whose crypto experience is absolutely zero. In such a situation, many people are investing in various coins in the short term and facing losses, and then exiting the market with losses. In this way, just as that investor is facing losses, the market and its momentum are losing.
In this way, both are facing losses or collapse. But, if someone keeps holding it for the long term after investing, then the possibility of loss is very less. Because, there is both a bull season and a bear season in the market. And in both times, the market pumps and dumps.
Now, if someone buys a coin at a high price during a bull market, then there is a 90% chance of him facing losses within a few days, because, after the bull season comes the bear season. And in this bear season, the market keeps dumping. It gets to the point where each coin keeps making new dips.
Now, if an investor sells coins or holdings at this time, it is harmful to the market and him. At this moment, instead of selling holdings, he should buy new coins and do DCA. This will bring down the average buying price of the coin to a large extent.
Again, after the bear season, the bull season will come, and at that time, if desired, some amount of holdings can be sold.
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Thanks