#HODLTradingStrategy
The term "Hold" on the Binance platform simply means holding onto cryptocurrencies for a long period without selling, even if the market experiences fluctuations or price drops. This strategy relies on the belief that the value of the currency will rise in the future, so the investor buys the currency and stores it in their digital wallet, waiting until it reaches the target price or satisfactory profits before deciding to sell.
The term "HODL" originally came from a misspelling of the word "hold" and has become a slogan within the crypto community meaning "hold onto your coins no matter what." If you believe in the future of a particular currency, the Hold strategy may be suitable for you, especially if you do not wish to engage in daily speculation or endure continuous market pressures.
Have you tried the Hold strategy before or are you thinking of starting it? 🤔