To HODL or not to HODL? I was late to the crypto game, Dec. 2017 which many would say was the peak of the run, I had brought the mentality from years of trading penny stocks into this new world. The biggest lesson I learned in pennies was that nearly all companies were faker than the Sandy Hook victims, many do not even have employees or a physical location.
After taking some major losses holding on to worthless shares I vowed to never read about a company again and also to only trade the price fluctuation, by trading this way I would have no emotional attachment to the company.
Cryptocurrency ended up being far worse as far as actual value, friends will tell me: "Have you heard of DARKMATTERCOIN?? it shoots your info into space man, scrambles it into all the galaxy's, aliens then confirm the transaction!!, I'm HODL'ing 10,000,000 coins, the management team says it is going to be the next bitcoin!".
Holding is gambling and the house always wins, you need to have a complete paradigm shift, first think of all coins and teams behind them as completely worthless, plan your entry and exit, learn how to read simple indicators, watch the 5 minute chart, buy on stochastics valley's, sell on the peaks. Most trades should be less than 20 minutes, always set stop-losses and lastly never hold anything overnight.
