The ‘#Hodl’ Investment Strategy – From #Bitcoin to #Altcoins
Warren Buffett once said, “Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.” By now, most crypto enthusiasts know Warren B is not the biggest fan of Bitcoin. More precisely, he hates it. However, he is arguably the best investor of all time. Therefore, it would be foolish to reject his maxim on the basis of ideological differences. So how do we apply his superior investing philosophy of equity investing to the crypto markets? A little something-something we like to call hodl! “Wait, what is hodl? I’ve never heard of such a thing,” said probably no one reading this article. This is because the term is the most ubiquitous in the crypto investing community, and has been solidified as the ultimate rallying cry for long-term believers in the viability of cryptocurrency.Given the extreme volatility of the crypto markets, is it wise to implement a long-term investment mentality? It’s a fair question we will explore in this article.