HODL

Hodl, or hold on for dear life is an expression relating to the cryptocurrency community that advocates holding an asset rather than selling it.In theory, this term can apply to any asset, and implies refusing to sell or offload any asset regardless of temptation, fundamentals, or performance. Hodling dates back to 2013 with its roots in the crypto community, namely Bitcoin, which surmises an ever-growing trajectory of the crypto coin.At the time, Bitcoin had fallen nearly 39% with news breaking of regulation in China. Rather than offloading Bitcoin, investors instead opted to hold onto their assets despite negative selling pressure.In recent years, few if any markets have been more volatile than cryptocurrencies. Still, certain coins such as Bitcoin have weathered the storm and seen surging prices even after cataclysmic declines.2020 is a prime example of this, which saw Bitcoin plunge to multi-year lows, only to rally and threaten $20,000 at the time of writing.Should You Be Hodling?Hodling itself is not a viable strategy, but merely a state of mind. Investors are not encouraged to trade with this in mind, despite many being rewarded over the years for retaining crypto assets.Investors are better off relying on fundamentals, sentiment, or other indicators when making decisions, especially with such volatile assets as cryptocurrencies. A good foil is the US stock market, namely the S&P 500 index. In theory, this index has increased over time regardless of how many collapses or declines it faces.Hodling should be approached with caution, having resulted in many crippling losses for owners of altcoins.
Hodl, or hold on for dear life is an expression relating to the cryptocurrency community that advocates holding an asset rather than selling it.In theory, this term can apply to any asset, and implies refusing to sell or offload any asset regardless of temptation, fundamentals, or performance. Hodling dates back to 2013 with its roots in the crypto community, namely Bitcoin, which surmises an ever-growing trajectory of the crypto coin.At the time, Bitcoin had fallen nearly 39% with news breaking of regulation in China. Rather than offloading Bitcoin, investors instead opted to hold onto their assets despite negative selling pressure.In recent years, few if any markets have been more volatile than cryptocurrencies. Still, certain coins such as Bitcoin have weathered the storm and seen surging prices even after cataclysmic declines.2020 is a prime example of this, which saw Bitcoin plunge to multi-year lows, only to rally and threaten $20,000 at the time of writing.Should You Be Hodling?Hodling itself is not a viable strategy, but merely a state of mind. Investors are not encouraged to trade with this in mind, despite many being rewarded over the years for retaining crypto assets.Investors are better off relying on fundamentals, sentiment, or other indicators when making decisions, especially with such volatile assets as cryptocurrencies. A good foil is the US stock market, namely the S&P 500 index. In theory, this index has increased over time regardless of how many collapses or declines it faces.Hodling should be approached with caution, having resulted in many crippling losses for owners of altcoins.

Hodl, or hold on for dear life is an expression relating to the cryptocurrency community that advocates holding an asset rather than selling it.

In theory, this term can apply to any asset, and implies refusing to sell or offload any asset regardless of temptation, fundamentals, or performance.

Hodling dates back to 2013 with its roots in the crypto community, namely Bitcoin, which surmises an ever-growing trajectory of the crypto coin.

At the time, Bitcoin had fallen nearly 39% with news breaking of regulation in China. Rather than offloading Bitcoin, investors instead opted to hold onto their assets despite negative selling pressure.

In recent years, few if any markets have been more volatile than cryptocurrencies. Still, certain coins such as Bitcoin have weathered the storm and seen surging prices even after cataclysmic declines.

2020 is a prime example of this, which saw Bitcoin plunge to multi-year lows, only to rally and threaten $20,000 at the time of writing.

Should You Be Hodling?

Hodling itself is not a viable strategy, but merely a state of mind. Investors are not encouraged to trade with this in mind, despite many being rewarded over the years for retaining crypto assets.

Investors are better off relying on fundamentals, sentiment, or other indicators when making decisions, especially with such volatile assets as cryptocurrencies.

A good foil is the US stock market, namely the S&P 500 index. In theory, this index has increased over time regardless of how many collapses or declines it faces.

Hodling should be approached with caution, having resulted in many crippling losses for owners of altcoins.

Cryptocurrency

Bitcoin trades in a volatile up and down trading range

Bitcoin trades in a volatile up and down trading range

  • Most of the recent trading range between $29,184 and $31,536
Greg Michalowski
Greg Michalowski
Wednesday, 08/06/2022 | 15:27 GMT-0
08/06/2022 | 15:27 GMT-0
Technical Analysis

European indices close higher on the day and near highs for the day

Spain's Ibex

European indices close higher on the day and near highs for the day

  • Spain's Ibex trades the highest level since February 10
Greg Michalowski
Greg Michalowski
Thursday, 26/05/2022 | 16:00 GMT-0
26/05/2022 | 16:00 GMT-0
Technical Analysis

The USD is the strongest and the AUD is the weakest as NA traders enter for the day

Forex

The USD is the strongest and the AUD is the weakest as NA traders enter for the day

  • The NZD is modestly higher after RBNZ raised rates by 50 bps.
Greg Michalowski
Greg Michalowski
Wednesday, 25/05/2022 | 12:08 GMT-0
25/05/2022 | 12:08 GMT-0
Cryptocurrency

Bitcoin has define the technical trading ranges. Awaits the next shove.

Bitcoin has define the technical trading ranges. Awaits the next shove.

  • 100 and 200 hour moving averages are resistance. Floor is at recent lows.
Greg Michalowski
Greg Michalowski
Tuesday, 24/05/2022 | 18:40 GMT-0
24/05/2022 | 18:40 GMT-0
Technical Analysis

Markets unsettled after the US data today

Forex

Markets unsettled after the US data today

  • Stocks sharply lower. Yields lower. Gold higher.
Greg Michalowski
Greg Michalowski
Tuesday, 24/05/2022 | 14:48 GMT-0
24/05/2022 | 14:48 GMT-0