HODLing is a psychological battle with yourself. How much pain and scorn can you handle from the normie world? What is your pain tolerance for sustaining your HODLer conviction through big 50% or even 80% drawdowns?
Are you willing to think independently and ignore TradFi influencers who preach about being allocated to govt bonds or stock indexes or trying to be a property mogul?
If you do it correctly, you are richly rewarded for HODLing over time - both financially and mentally. If you do it poorly, you risk selling during the drawdowns or hard times.
Was OK with everything through the 50% to 80% thing. Can you explain what this selling thing means please?
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As in, if you don't have a strong hand to HODL, you might sell low rather than keep on HODLing
Spend, dont sell. Ignore price. Its not actually that hard. Its a simple principle.
