HODLING Is An Evil Concept In Crypto

in crypto •  2 months ago 

Here are all the people who lost money last cycle.

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source

All of their hopes and dreams of being a millionaire down the drain,

thanks to a disgusting evil concept in crypto called Hodling.

Hodl is a crypto slang term that means to buy and hold digital assets indefinitely.

People are willing to hodl even if these assets are dropping 90%.

Why do people hodl?

Even with assets are dropping so much, it makes no sense. It's because they're investing with emotions instead of data. Exactly what you should never do as a trader.

But what is the exact emotion that gets people to hold assets?

Fear of making the wrong choice. People don't want to sacrifice. If you have to think about selling, what happens is you have to put in work and no one wants to put in the work.

So just remember, people in cryptocurrency are going to try to manipulate you into hodling, robbing you of money. Your chance at becoming a millionaire.

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  ·  2 months ago  ·  

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