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Author: Admin | 2025-04-28
Would still make a profit!DCA is honestly among the most beginner-friendly crypto trading strategies out there - it doesn’t really require a lot of time or effort to maintain, assuming that you’ve already done your homework, and believe in the project that you’re investing in.HODLHODLing crypto isn’t necessarily a crypto day trading strategy; however, it’s also a very popular method of how individuals invest in crypto, so it definitely does need to be covered when talking about these things.First, though, let’s break the term down.The most common explanation that you’ll find online, for what “HODL” means, is “Hold On For Dear Life”. It’s a kind of call to action - an encouragement for cryptocurrency owners to hold their assets, and not sell them when the market is in chaos.That being said, the funny thing about this phrase is that it’s actually a misspelling of “hold” - one that was made by a random user on a Bitcoin forum, all the way back in 2013. It stuck, and today, is one of the most common crypto-specific terms!So, then - how does “HODLing” crypto work, and how can you use it as one of the cryptocurrency day trading rules?Well, as I’ve mentioned earlier, whenever you HODL crypto, it simply means that you don’t sell your assets, no matter what happens. This is a little bit similar to DCA, except that you don’t really buy any additional crypto - instead, you hold existing assets, with the hope that their price will rise in the future.While HODLing might seem simple (I mean, you literally don’t need to do anything!), oftentimes, that's not necessarily the case. HODLing can get complicated, especially during a bear market. That's a period of time when the entirety of the market is red, and all prices are crashing.When there’s a lot of volatility, and your holdings tumble down in price, there’s always a lot of pressure to sell, and mitigate your losses (especially if you bought in when the price was high). If you choose to HODL, you’re essentially betting on the price making a recovery, sometime in the future.Another
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