HODL is loosely used though which is the problem, hodling should be long-term and people use the term for holding a bitcoin for a month, 6 months or a year when in reality long-term should be around 5 years onwards because that's how long-term investment is measured, my scaling isn't even that accurate as I considered 5 years as long-term, that's why HODL means hold on for dear life. Belief in the potential of bitcoin is something that should be a prerequisite when you plan to invest in bitcoin because without that belief, you aren't going to last long because bitcoin is a volatile asset to hold and you're going to have a hard time because those volatilities in the market is anxiety and panic inducing, if you can't handle those as a person then bitcoin isn't for you also worth adding is that belief in bitcoin that it's going to liberate us from the undermining and old financial system should go hand in hand with our belief that it's going to go up in terms of it's market value.
I think the purpose of holding should never be that you don't sell your bitcoin even if you get a good profit. It is not necessary to sell your Bitcoin when you need the money but always wait for the bull season where the price of Bitcoin always touches its all-time high. I think it would be better if it was linked to Bull Season instead of five years.
Fluctuations are a part of this market and one should never be afraid of it, but these fluctuations are the stepping stones to our profits which are increasing day by day, but along with just holding here, it's also clear that you're holding your bitcoins as well as keeping them safe. Just as we thoroughly evaluate the security measures of all our valuables, we must fully understand the security measures of Bitcoin. This is because our little carelessness and one mistake can lead to our big loss.
