#HODLTradingStrategy

What is holding coins? How to optimize profits when holding coins





Learn_with_Fullo



May 26, 2024

Follow

Saving coins is one of the most effective ways to do so and often generates great profits for investors. What is saving coins? How to optimize profits when doing it? Let's find out together!

What is Holding Coins?

Both "Hodl" and "Hold" mean "to keep". In the cryptocurrency market, "Hold" refers to keeping a coin without selling it, even when the market is volatile or the price drops. Essentially, "Hold" is a form of long-term investment, as opposed to short-term trading (exchanging coins).

For example, if you choose a promising altcoin and believe it has significant growth potential, you might buy a portion of this coin and decide to keep it for at least one or two years, selling it only when it reaches its expected price. During this period, even if the price drops, you will not sell it. At that point, you are known as a "Holder" and your action of keeping the coin is known as "Holding Coin".

The term first appeared in 2013 on the Bitcoin Talk forum, by a member with the nickname GameKyuubi, in a thread titled "I AM HODLING". Since then, this misspelled phrase has become very popular in the cryptocurrency world. When someone says they are hodling or want to hodl, it means they believe that the coin they own will increase in value in the future, not immediately.