The Hidden Perils of HODLing: Why Your Investment Strategy Might Be Leading You Astray
Many investors fail to grasp the true cost of chasing ambitious financial targets. If your long-term investments don’t pan out, you could spend years waiting in vain, burdened by lost time and missed opportunities.
Achieving forecasted gains is highly unlikely. Market "whales" often set unrealistic targets to exploit the allure of life-changing returns from small investments. The idea that buying Bitcoin below $60K or Core below $1 today will make you a millionaire in 20 years is largely a myth perpetuated by the HODL mentality. Without promises of massive gains, few would invest in such a volatile market.
This strategy is designed to lure investors into taking big risks. The goal is to attract retirement funds, only to offer superficial support to those left holding the bag. In places like Kenya, this often translates into promises of Universal Basic Income (UBI) or other forms of financial aid for those who face financial ruin.
Millions of investors are trapped in the HODL mentality, believing they’re smarter than others, while in reality, they are being led to financial disaster. This mindset has worked in the past 10-15 years, but the belief that such cycles will continue indefinitely is flawed. Today’s market is much larger, and whales’ greed has intensified.
Whales manipulate the market for their gain, leaving average investors to bear significant losses. As the flow of easy money decreases, the harsh reality will become evident for most. While a few might succeed, they will be a small fraction of all participants.
Interestingly, whales are now pro-Bitcoin, whereas in the past, their anti-Bitcoin stance often coincided with bull runs. This shift raises questions about Bitcoin’s future.
Ultimately, Bitcoin might be remembered as one of the largest financial deceptions in history. Investors should reassess their strategies and stay vigilant to avoid becoming casualties in this high-stakes game.