Crypto speak: Hodl

Yes, yes, we’ve already published a post about hodling, and you’re aware that hodling is a buy-and-forget investment. That is, a hodler buys up cryptocurrencies for certain amounts at certain time intervals and avoids monitoring daily trading charts.

But the question of “when to sell?” is always relevant!

Here are two main answers to this question:

1. Hodl until you get the growth you want.

2. Hodl until a certain point in time.

For example, you may decide that you will sell all (or part) of your assets when you see your investments double, even if it takes 10 years. Maybe you’ll decide to sell your coins the day Bitcoin hits the $100,000 mark. Or when you have the amount you need saved up, you buy a home.

The second option might look like this: You buy crypto for the next 10 years and sell all or part of it in 2033, even if there are tempting price hikes before then.

Of course, these are just rough ideas, but even with an investment strategy as simple as hodling, you need to be clear about your goals.#opbnb #ETH #Layer2 #BTC #crypto2023