Why HODL is a great option

This is just my opinion, not financial advice.

In times like this, especially in the short term, it can feel like moving from 35-45k between months (hence the bipolar) looks like we’re either entering bear or bull phases because it looks big in the short term, however, if you look back between 2018 and 2020 on the BTC chart, it has lots of peaks and troughs but ultimately crabbed for nearly two years.

Because we’re so used to traditional markets, a 5-10% move can seem huge in our minds but it could just keep doing that for years (up and down) until another catalyst comes along to push us into a true bull market.

For those reasons, even if we drop to 20k (or significant lows on alt coins), it’s better just to hold because eventually fair value will become a catalyst for a massive rush and that’s the moment you don’t want to miss.

It also gives enough time for significant development in the space which brings more legitimacy and thus, more investors into crypto.

Obviously, no one can predict which coins will succeed, though, betting on strong fundamentals or established blue chips would probably be the safest option.

Having a long term plan in your mind also removes lots of the emotion out of the process which in some cases can drive people batshit crazy.

As they say, stake and bake. Pick solid coins and wait like a ninja in the shadows ready for your moment.