If you can't hodl you can't be rich.
The most popular quote made by Binance CEO and the most popular quote in crypto world.
But is this quote 100% accurate?
- Anytime I see this quote,I do say BUT YOU CAN'T HODL FOREVER!!!
The truth is that this quote "If you can't hodl you can't be rich. only" is correct but there are many other truth attached to this quote which will be reviewed and without these truth attached to that popular quote then the quote is misleading and an absolutely wrong.
HODL is a popular crypto term which means hold on for dear life.
This word is used to encourage panic sellers and pepper hands.
- I got into Cryptocurrency fully very early of last year and I have been affected by this statement hodl hodl hodl.
So this statement made me lose all my profit I had in crypto space all through last year.
The truth is that most of those who do made this statement are people in loss.
The ones who made this statement most are the ones that sell off the most and take profit from those that hodl and come out as a disguise to encourage new bies to hodl for them to take profit.
Am inspired to write this post after seeing @onealfa and @taskmaster twitter post about POLYCUB.
He said
NEVER SELL. SOUNDS SO TERRIFIC
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THE TRUTH BEHIND A SUCCESSFUL HODLER
I remembered when I hodl pob token all from pob at $0.32 and now at $0.025. Sellers are better than hodlers? No .Just fortunate that I earned them and didn't buy.
Those pob sellers sold and sold and away from the project now.
But it's earned here so it's all good and not bad.
For me now 1 pob is 1 pob. Pob is different from hive and Fiat.
Pob would rise again if the founder becomes more active.
A successful hodlers must know what he is holding
Yes Get your research
Research thoroughly before holding tight.
The developers are what you should watch before going into a project and holding for a long term.
The dev seriousness matters alot.
This is what keeps me interested in vyb tribe.
I determined that I won't sell vyb from now on.
The dev @trostparadox.vyb @scholaris.
Now looking forward to see more Creativity in the tribe which I believe will happen.
The truth behind a successful hodlers is to know what he is holding and how will I know a good project to hold?
It's another #topic.
A privilege from @onealfa.vyb and @insight.pob to write with vyb_pobstreet hashtag.
Thanks for reading.
Looking forward for vyb to explore it's uniqueness and not to dull things.
Pls
Vyb should wake up
Price dumping in market eveeyday
All the world is going through crisis. Some people don’t hold because they financially can’t and need the money. The world is more and more financially savage by the day. Those who can afford to hold and don’t need the money are usually already rich.
There is this video explaining why most people will always struggle financially, this is how capitalism was designed to work, the system needs people to struggle to accept low end jobs and the system can’t scale, it is impossible for everyone to get financially stable:
I do advice trading is better.
Learn technical analysis and trade top project if there is no other means to solve your needs
Trade shit coin for fast profit and easy rekt😂😂
Shitcoin means a coin without real utility and too many total supply.
They are too much on pancakeswwap of bsc
And this is why hive is a solution to us all especially people like me.
Hive gives the poor a great chance in crypto.
I don't hold coin because I don't have any other source so I withdraw at loss most time because this bear market has been since last year with a little bull run
But since I knew hive, I don't need to be rich,all I need is to be creative and consistent and I earn through Curation and use that to sustain my needs and can now hodl crypto without much pressure
Here in hive also deals with luck.
There are many creative content that do not receive upvote
Yes trading is better if one did not have any other source it is better than holding
And instead you can divide your portfolio and hold some and trade some
Sincerely
It has been said that bull run is coming since last year December and now not yet real bull run
Lolss.
True i have been expecting btc at over $100,000 since last year🤣
And this is why I made loss too much becri taught Bitcoin is to pump only
Hive earnings has helped me a lot in this crypto.
If you do your research and thoroughly understand what you’re holding, it will be easier to hold for ridiculously long time, even when the token looks like it’s sinking hard. Bitcoin went below $100 many times for long and people thought it was dead, but look at it today after 11 years. How about those who held for so long?
Posted Using LeoFinance Beta
Bitcoin has taught many people the power of hodl but shit coins have contradicted it.
Many people have lost a lot trying to hold unserious project that dumps forever or rugpull.
This is why I don't hold low market cap project. I just buy and after 2x I take profit because those project are risky but good project like btc, Solana,eth,avax are project I can hodl💯💯
Even Solana have made many people loss buy just under 60% of it all time high.
Not that bad anyway
Btc is 50% down.
It doesn't mean anything
One must be sure to be holding a serious project
You have to make research on the coin you're holding
Yes
Did you see what happened to fantom lately.
Fantom hopefully recover because it is a community project and a very great projects that can be controlled by a person
Many projects are closed down under ftm.
I hope all fantom hodlers in this tough situation the best in future
Yes I did. That’s why it’s also good to diversify and not have all eggs in one basket. Out of every 10 project there’s one with the chance of pulling a FTM stunt.
Posted Using LeoFinance Beta
True
If they are testimony of hodling crypto💰, it's only top projects that can be used as good testimony but they will never use coin that have wrecked
I don't regard by low cap project as investment but I do regard it as a gambling
Shit coins have contradicted it the power to hodl throughly that is why you need to make research on the coin you're holding
I don't count shitcoins as a crypto.
Top 200 cryptocurrency top altcoins with thousands of Community are the one that are crypto not gambling and rugpull coin
Good coin not jugded by its market cap but it's judge by it's utilities.
Many cryptocurrency with over 500 million market cap in which I don't trust up to some low cap project
But what about buyers of litecoin at $1100 for years now.
They are still waiting while other took profit and buy other good project 😂😂
Lol well, there’s that. I wouldn’t invest in litecoin, personally, maybe back in the days I would have, based on the fact that I had limited options.
So suprised how litecoin had that much market cap
Or maybe because I don't know about them so I won't judge them but I can't invest in litecoin for long term
Many coin dumps and never recovered.
I refer those coins as gambling.
Yes true
Buying shitcoin and moon in few hours and if you don't take profit quickly,, it my dump and never recover again
Any coin not in top 100 in coingecko in terms of market capacity, I don't buy what I can't afford to lose in them
I can bet that’s why less people are looking at hive.
Top coins what I know is that with time you will surely recover if it is a solid project because fiat always lose value due to its unlimited total supply
Yeah you’re right about that
Hodlers of Bitcoin, ethereum who withstand hard times are in good term and in huge profit now.
Yeah they are
Holding will bring future and big profit while trading will bring quick and small profit
Taking profit is different from panic selling.
.
The difference is in your emotions.
Fear in selling means. Panic selling
The difference is in the mind.
many are panic sellers without information they fomo and fud
Emotions fear and greed.
Can affect your trading
Fake coins caused people into panic selling.
Then invest in coin that is safe and that's more utility and a good road map.
Gambling in shitcoins results in dump
Many coin don't fufil their roadmap.
How would we know that?
Yes because there are many trusted project that rugpulled in the past.
So people fear past situation and sell of in panic
Nothing can be more damaging than PANIC
This is a problem I have in which I can't get myself off.
Our country economy has made us not want to lose any money which makes us panic and trade with emotions.
And at the end I end up loosing
You seems as if you don't care if a coin is dumping.
You didn't panic sell as vyb price is going down recently.
I wish I can be patience like this because the fall of vyb is giving me a concern
Most panic sellers don't make profits
Sure
Yes in panic selling always sell in loss
Great truth one should hold in this cryptospace
Trade Bitcoin and when it dips I only think of buying more because am sure it will recover later
For long-term holders
Yes
Long-term and not for short-term holders.
For over 3 month,btc has not returned to its all time high
Bitcoin is the father of crypto of course.
If btc crash,then crypto too will crash
There are few possibilities that altcoin will later become stronger than btc later
The possibility of Altcoin being stronger than Bitcoin is already at hand.
Taking profit bad stop loss are trading strategy but panic sellers do sell out of fear and most of them are full of greed
If you want to trade don't pass the boundary of trading and they want to buy and hold you hodl.
Don't panic sell or fomo into a project
I go into a crypto projects in up to make small profit and run but I end up changing my plan this with my emotions greed or fear
Yes
You will think you are disciplined until you enter another trade before you know I'm greedy especially if it is pumping
Greed and fear are what make the word hodl corrupt
A real project, hodl is always good till future but bad project is not good to buy at all not to talk of hodl
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https://ecency.com/vyb/@pobtrader/bitcoin-vs-altcoin-choose-one
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Altcoin will soon dominate Bitcoin
It's already dominating btc
Look at the percentage of btc to altcoin even though it's little