Over a period of short time, I was forced to sell those cryptocurrencies at a significantly lower price and accepted my loss which led me to believe that hodling is
Bottom line:
You consider hodling as a form of gambling since you are playing with the risks of holding
BTC or any altcoins on a chance that someday that effort will be paid off or not. But for me, don't take hodling as that since even we are risking money holding our crypto, we don't literally play gambling here.
Unlike in gambling where you are bound to rely on luck
(house edge gambling games) and strategy+luck
(on a strategy-based games) then wait for the final result, hodling and selling is pure of strategy on how to deal with volatility and that depends on how
"YOU" managed it along the way. You are the one who will make the result here. Of course to take your hodling into worth thing to risk, then only hodl those coins who are proven to have a strong foundation which is
BTC is the best example.
You have valid points, although many would not agree with me, I still treat them as the same and even though are of different subject matter, my argument is that they both share common characteristics which in my opinion has striking similarities as listed below:
1. Both gambling and hodling crypto offers some kind of wager (e.g. gambling = bet /money , hodling = crypto)
2. Both has risks / rewards associated with it. (would result in a win or loss situation)
3. Both needs some form of strategy. (gambling strategy / holding strategy)
4. Both are also bound by luck. (hodling is also bound by luck since we cannot foresee what will happen along the way)
Lastly, though many of us treat these matters differently according to our point of view, its vital that we have learnt important lessons from it whatever the outcome will be.
