Is HODL for Everyone? ๐
While powerful, HODL isn't a magic bullet. It requires:
* Conviction: You need to genuinely believe in the long-term potential of the asset you're holding.
* Patience: This isn't a get-rich-quick scheme. It can take months or years to see significant returns.
* Risk Tolerance: Be prepared for your investment to go down before it goes up. Only invest what you can afford to lose.
Remember: Always do your own research (DYOR) before making any investment decisions.