If you have the guts, then HOLD can be done, but if not then of course you will not stand it,
remember about the LUNA incident, what about their holders who have bought at $1 or even $50?,
yes they are frustrated and some are really dead, hopefully we can learn how HOLD works
Hold is a great thing if you know what you are doing. Otherwise it makes no sense to keep on holding because you might be holding something that will not profit anyone at all. I get that some people may prefer to hold things that would be profitable, but you never know which one is more profitable and which one is not. This is why you need to research and keep an eye on the things that you buy.
For example Luna wasn't a small cap thing, it was a known big name, and it crashed, but you could have gotten out like at least 80% loss, which is still huge, but you would have been keeping that 20%, instead of losing 100% of it. Still a better outcome.
Holding coins is not always profitable, because it depends on which coins we will hold. If holding top coins is likely to bring us profits in the future,
but if we choose holding shitcoins, we will lose money in the future. So HODL is a profitable strategy to do as long as we choose the right coins.
Moreover, the majority of coins circulating now are shitcoins, so be careful if we want to hold in the long term. Therefore, I never get tired of reminding
to always do research and analysis before deciding to hold certain coins. So that we can ensure that we choose the right coins, especially in a bear
market situation, we must be more careful in choosing coins for holding.
