Explain how to “hodl” cryptocurrencies and its benefits

Hold or Hodling or long-term investing is a strategy with the minimum amount of risk, but it suffers from one big challenge, and that is controlling emotions. You should be able to withstand the ups and downs and avoid emotional reactions until you gain the desired profit. Have you ever sold your cryptocurrencies before gaining profit? What solutions can you suggest to control the emotions?

 

 

 

“HODL” and “hodling” are two widely-used terms in the world of cryptocurrencies.

But the question is what is hodling and where does the term HODL come from?

HODL at first was a typo that later on entered the literature of crypto.

Some people believe that HODL stands for “Hold on for Dear Life”

But the truth is that a drunk crypto user first used this word in the Bitcointalk forum.

HODL now refers to the state of holding cryptocurrencies for a long period of time.

The history of Bitcoin and cryptocurrencies has shown that hodling always works.

Data shows that in 2015, Bitcoin had an average price of 422 dollars.

In 2020, this cryptocurrency experienced an average price of 26,200 dollars.

Therefore, if you bought BTC in 2015 and held it till 2020, you’d have a %3,000 profit.

Today, cryptocurrency users have another way to HODL their digital assets.

Staking platforms have become very popular and are appropriate for hodling digital assets.

By staking, users can earn a set amount of annual profit.

Some popular staking platforms include Maker, Curve, Compound, PancakeSwap, and Uniswap.