HODLing

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 1. HODLing

This strategy is a very popular one. Originally, Hodl was a misspelling of 'hold', in a drunken run on the Bitcoin Talks online forum. It is also sometimes used as an acronym for 'Hold On for Dear Life'. To hodl means to buy a lump sum of crypto, and store it securely safely for potential long-term, long range, and long-odds growth. We are talking about keeping your crypto until it moons.

Holding is a basic strategy. Essentially, you buy an asset, and you keep it safe for the long-term. It has been effective for many, when you consider Bitcoin's meteoric rise in value, since its inception. For example, if you bought one Bitcoin for $250 in March 2015, and hodled until June 2021, you would have a return of almost 13900%, because the price rose to $35,000.

However, hodling also has risks. If you do not time your market entry point, and the market drops, you can only really cut your losses or wait and watch. This can be pretty scary. This is why you should never invest more than you can afford to lose.

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