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هولد کردن ارز دیجیتال

Holding digital currency or HODL is one of the most important terms in the world of digital currency and capital preservation strategies. Holding Hold of financial and valuable assets, which is a practical term among investors, in order to increase, maintain and preserve capital, is in some ways opposed to daily transactions such as scalping.

The digital currency holding strategy was created in 2013 following the destabilization of the Bitcoin price;

In fact, at that time, due to a typo, Hodel’s strategy was born in cryptocurrency. One of the recommendations of experts in the world of capital and business is to pay attention to the meaning of hold and take advantage of this method by choosing the best digital currency for hold. Of course, at the right time, you should convert or sell that asset or currency for holding.

Learning to hold digital currency in the world of buying and selling cryptocurrency is one of the long-term investment methods. Saving or holding digital currency is one of the easiest ways to invest in digital currency.

Until a few years ago, investors were limited in choosing the currency to hold; But today, thousands of tokens are listed on exchanges and have created many opportunities for investment.

In the rest of this article, I intend to focus more on the concepts of holding or long-term storage of assets, training on digital currency holding, the difference between holding and trading, the best digital currency for holding, etc.

اصطلاح هودل HODL ارز دیجیتال

Where does the term HODL digital currency come from?

In a detailed statement at 10 am on December 18, 2013, a user named GameKyuubi posted the phrase I AM HODLING in a specialized forum on the topic of Bitcoin transactions (Bitcoin Talk Bitcointalk). At that time, the price of Bitcoin rose from $15 in January to more than $1,000 in December 2013. In fact, within 11 months, the value of Bitcoin increased more than 70 times.

This sentence, which had a spelling mistake, was thought to have been written in this person’s half-asleep or half-awake state. Later, this user stated in various media that he had typed this text twice and realized that the word Hold was misspelled the first time; But he deliberately repeated that typo again and now holding digital currency has become one of the cryptocurrency trading strategies.

This person has expressed his intention about this strategy and the posted sentence, to hold Bitcoin for a long time. At that time, people who did not have the necessary skills to make short-term trades used digital currency holding as a strategy.

Daily and short-term traders such as futures market trading, scalping strategy, digital currency copy trading, spot trading require specialized skills and the use of fundamental analysis; This is while holding digital currency is called holding assets for a long period of time.

هولد کردن ارز دیجیتال

What is digital currency holding?

Holding digital currency or hoddling means not selling and keeping Bitcoin or any other digital currency. Digital currency holding is used for the two purposes of long-term investment and preventing losses in volatile or falling markets. Digital currency activists use the term Hodel for this strategy.

In a simpler expression to understand the meaning of hold, it can be said that hold is the same long-term storage as blocking money in a bank account.

Imagine you are a new trader and you decide to diversify your digital currency portfolio.

Definitely, if you do not have enough skills in the field of trading and buying and selling digital currency, your preference is to keep your assets in your wallet for a long time;

This strategy is actually called digital currency holding. Hold is the abbreviation of the sentence;

Hold on for dear life

Is. According to many traders, when the price of a cryptocurrency is going to increase, in order to avoid losses, it is better for the trader to use the strategy of holding digital currency or HODL. This trader can make a good profit by hoddling after a long period or even short by selling the held digital currency.

هولدر ارز دیجیتال

Who is the holder?

Any person who keeps a cryptocurrency for a long time is called a holder. There are two types of holders among cryptocurrency market participants.

Experts in the cryptocurrency market suggest a digital currency holding strategy for people like this and those who do not work full-time in crypto.

Of course, there is another approach to holding. In this approach, I refer to people who firmly believe in digital currencies as a store of value.

These people believe that digital assets should be maintained; Because with the disappearance of common and common world currencies, the transactions of the world will be done based on these cryptocurrencies. This belief about Bitcoin is strongly promoted by Bitcoin maximalists.

Maximalists are people who have only accepted Bitcoin as a digital currency, and most of them are among the first investors.

آیا هولد کردن ارز دیجیتال سودآور است

Is it profitable to hold digital currency?

Many traders try to escape price fluctuations by learning to hold digital currency. But most of these efforts fail due to sudden price fluctuations. Even the most accurate price predictions based on analysis by Anchin, IntoTheBlock and technical analysis have shown that no single method can be considered as an efficient strategy to escape price fluctuations.

Attention: Technical analysis without fundamental analysis will be an incomplete analysis. Therefore, it is suggested not to rely on the results of this analysis alone for investment.

Of course, sometimes the trader turns to hoddling for a short period of time based on a targeted plan in investing in digital currency; But using this method is not always responsive and does not guarantee profitability. Of course, some experts believe that using the martingale method or step buying can turn digital currency holding into the best trading strategy.

For example, consider January 2011 to December 2013, when the value of Bitcoin increased more than 500 times compared to the dollar index . In this situation, hoddling digital currency seemed profitable. At the beginning of 2014, the value of Bitcoin and other cryptocurrencies fell sharply, and these conditions dominated the market for a long time.

However, the value of Bitcoin was again more than 17 times its value in 2011. This situation also happened to other famous cryptocurrencies such as Ethereum. But the other side of the coin should always be considered. In fact, it is important to pay attention to the fact that well-known cryptocurrencies with strong support have these conditions well and can be expected to be profitable in the long term.

For other digital currencies, there is always a significant financial risk to be considered in holding digital currency. Many cryptocurrencies, despite their excellent growth, suddenly fell and were even deleted.

For example, LUNA digital currency was considered very promising in 2022, but it suddenly fell and was removed from many exchanges. Although he resumed his work in a short time, many people’s capital was destroyed.

This was while two years before the fall, the Luna digital currency grew by thousands of percent and made many people rich. Therefore, despite the fact that in order to hold digital currency or HODL, one should not pay attention to the numerous contradictory news of the market, but one should always keep in mind to be alert and follow up on important news.

Also, with the help of reliable analysis, a period for exiting the market should be specified; Because there is no guarantee that the held token or cryptocurrency will provide us with sufficient returns and profits when we need it.

بهترین زمان هولد کردن ارز دیجیتال

When should you use digital currency hodling?

Perhaps many newcomers to the crypto world decide to hold digital currency for profit after hearing the story of the sudden growth in the price of Bitcoin. But you should be careful that there is no guarantee for the growth of the price of Bitcoin;

For example, can anyone talk about a 20x increase in bitcoin price by next year?

Or is it possible to hold a large amount of Bitcoin based on this logic?

If the price of the cryptocurrency you are interested in is hodled, what strategy is there to compensate for the lost capital?

Therefore, it is difficult to predict when to buy, sell or hoddle digital currency at any time. Of course, you can use digital currency holding as a strategy according to the following points:

At a time when the crypto market is prone to volatility, the best approach is to transfer capital from the trading section to the holding section. Holding digital currency should continue until the market calms down and predictable behavior is observed.

Also, when the fall seems to be over in the crypto market, one can hope for rational behavior and market growth and place the cryptocurrency in the hold basket to start a safe investment for a long time. In general and considering the mentioned points, it can be said that when technical analysis becomes difficult and fundamental analysis for a digital currency seems promising and clear, it is possible to hoddle the digital currency.

امنیت رمز ارزها در زمان هودل کردن

Security of cryptocurrencies when hoddling

When the investor decides to hold his digital currency, it is very important for him to ensure the security of the asset. Keeping digital currency in a hardware wallet or a paper wallet is safer than keeping that currency in an Android, iOS or online wallet or exchange wallet.

Therefore, choosing the best wallet for holding is also one of the things that should be considered at this time. In addition to choosing the best wallet for holding, a person who is going to hold should consider more financial risk than other people. Since there is no legal authority supervision and special laws in the cryptocurrency world, cryptocurrencies can be used for illegal transactions and fraud and money laundering activities.

Different countries have different attitudes about the use of cryptocurrencies; This will affect the support of international transactions and transactions and will have a negative impact on the value of digital currencies.

Unfavorable public opinion and policies may decrease the value of digital assets in the long term and face negative effects of holding digital currency. Therefore, risk management is also very important when hoddling digital currency.

بهترین ارز دیجیتال برای هولد کردن

The best digital currency to hold

Some analysts believe that the emergence of digital currencies has not yet fully occurred; Because technology giants such as Google, Apple, Samsung, Tesla, PayPal and Meta are preparing for long-term plans in the field of digital currencies.

These programs indicate that certain digital currencies can be considered for hodling. For investors and hodlers, diversification in a digital currency portfolio is one of the key principles. Usually, the best digital currency to hold are currencies that are on the path of growth. According to NewsRoomPost media, the best cryptocurrencies to hold include:

بیت کوین

BITCOIN

اتریوم

ETHEREUM

ارز دیجیتال کاردانو

CARDANO

ارز دیجیتال لایت کوین

LITECOIN

ارز دیجیتال شیبا اینو

SHIBA INU

ارز دیجیتال بایننس کوین

BINANCE COIN

مزایا و معایب هولدینگ ارز دیجیتال

Advantages and disadvantages of digital currency holding

As a rule, digital currency holding, like other methods, has advantages and disadvantages that you should be aware of before teaching digital currency holding and using this method. Weighing the balance between the pros and cons of holding digital currency can help you make a decision.

Advantages of holding digital currency

First, I will discuss the advantages of hoddling digital currency:

Limit investment risk

In hoddling digital currency, holders buy and hold several digital currencies instead of buying a large number of one cryptocurrency. Therefore, in case of price reduction, they will not suffer significant losses.

Taking advantage of long-term market fluctuations

Holders can take full advantage of the long-term volatility of cryptocurrencies. Considering the growing trend of many cryptocurrencies, these people can gain long-term profits if they choose the best digital currency for holding.

Reducing trader stress

Due to the fact that temporary fluctuations are not taken into account in digital currency holding, the trader waits without stress to find the right opportunity.

Ease for beginners

Beginners who do not have enough knowledge for trading can wait for the cryptocurrency price to increase with this strategy and choosing the best digital currency for holding.

flexibility

Flexibility is another advantage of holding digital currency. This means that you will be able to buy and sell cryptocurrency and receive profit at any time. This is while in a method like staking, you are not able to sell currencies at your desired time.

The high potential of digital currencies

Due to the fact that price fluctuations are one of the main characteristics of cryptocurrencies, these currencies can have a significant increase in the short term and generate high profits for you.

Pay the minimum fee

In hoddling digital currency, you will only be required to pay a fee for buying and selling cryptocurrencies. In other trading methods, such as investing in funds, you have to pay more fees.

Disadvantages

Despite the advantages mentioned about digital currency holding, there are also disadvantages that should be considered. If you, as a trader, see the disadvantages of hoddling digital currency as heavier than its advantages, perhaps it is better to choose another way to earn money from cryptocurrencies.

The possibility of losing capital

If you do not choose the best digital currency for holding, you may lose your capital in the downward trend of the currency price. Of course, this matter depends to some extent on the way you choose your basket, and on the other hand, it can be considered a risk that exists in all crypto transactions.

Depreciation of cryptocurrencies

Considering that the price of cryptocurrencies is determined based on the amount of supply and demand, following the decrease in demand due to the holding of currencies at one time, the price of cryptocurrencies will decrease and their real value will be lost.

SODL is one of the terms of the digital currency world that is opposed to HODL. The term SODL is also a wrong word for Sold, which means selling digital currency.

In the cryptocurrency market, investors have their own strategies. Some of them tend to trade short-term and others choose to hold digital currency. In the holding method of digital currency, the investor holds a cryptocurrency for a long time, but in trading, he thinks by buying and selling the currencies to make a profit in a short period of time.

Due to the greater security of hardware and paper wallets due to the lack of internet connection, these wallets can be considered the best wallets for holding digital currency.

English فارسی (Persian) Türkçe (Turkish)

Farhad Moghadamsalimi

Hey, I’m Farhad. I’m an entrepreneur, Blockchain and AI enthusiast, and web developer living in Turkey. I am a fan of entrepreneurship, writing, and reading about Technology and philosophy.

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