#HODLTradingStrategy The HODL strategy in cryptocurrencies is simply: buy the digital currency and hold it long term, regardless of short-term market fluctuations.
The origin of the word is a spelling mistake of the word "Hold" in a cryptocurrency forum in 2013, but it has transformed into a slogan that expresses the idea "Hold On for Dear Life."
The main idea:
✅Long-term confidence: you believe that the value of the digital asset will significantly increase in the long term, overcoming all temporary drops or highs.
✅Avoid panic selling: do not sell your cryptocurrencies even if their price drops significantly, and also do not sell them during small highs.
* Simplicity of the strategy: it does not require constant market monitoring or complex analyses, making it suitable for beginners.
Overall, HODL is a strategy of patience and discipline in the volatile world of cryptocurrencies.