Good post. Can’t argue with your points. This is a trading sub - while I’d love to see quality posts vs pumps, I think it’s ridiculous to discourage trading itself. More power to those playing the trading game if that is your game.

I’m a hodler and I’m satisfied with my returns. But hodling is not magic. Hodling is not a universal strategy. Not to state the obvious but hodling on to a sack of potatoes doesn’t work. Perhaps the better term as people know, would be value investing. It refers specifically to looking at what’s beneath the price and being unaffected by daily swings if the underlying reality/potential hasn’t changed. I think we should allow that to on this sub - we still want to make money but we want to give space for the tech in the main sub.

The funny thing: hodling is perhaps just as hard, or even harder than day trading. But this strategy can be rewarding, and more optimal depending on what you’re investing in, your life situation, your own personality and temperment etc.

For the budding Hodler: I would unpack that word carefully in your mind. What does it mean to you? A better strategy than HODLing aka “Hodling on blindly because everyone said so” is being “price blind to the moves you make - but not blind to reality”. I would argue you have to pay attention more to reality than a day trader - except to different things. I’m an fairly early hodler of Bitcoin but i’ve kept my eye on this space, almost 24/7 for 6 straight years and that allowed me to not miss on something like Ethereum. Being a long term investor doesn’t change your alertness.

One last piece of simple advice for the beginner - If you can’t stop looking at a price ticker: A good trick is to switch from looking at the price to looking at the market cap and start comparing that relative to others in the space to get your “valuation”. You can do this on Coincap app for example. I’ve always found it silly that people use the price to evaluate whether an asset is cheap or not. Like “Bitcoin is expensive because it’s $1,200”. It’s irrational. That’s the same as saying the Coca Cola Company is expensive if the stock is at $10,000. The correct answer is: you don’t know unless you know how many shares there are. What if there were only 10 shares? That would make the company ridiculously cheap and I would do everything in my power to buy it.

Good luck to all.