The problem is what people are being told. Some people that lost their money in bitcoin today, it wouldn’t have happened if they were given the right information. Some of them just hopped in because they thought that bitcoin is a place for a quick money, but what they met was different . When giving information to people , it’s best that we let them know the risks involved in cryptocurrency, it’s not just about making profit , you can as well lose your money . So if you’re hodl, then do so what you can afford to risk.
Trading is a losing game for the majority of people. If people all took your advice then the possible profits to made would shrink to practically nothing just like how the stock market became super efficient. The truth is holding is a valid strategy for the majority of people that don't want the constant stress of day trading
How can it possibly be a valid strategy?
And I'm not even sure what you mean by valid (or invalid) here, care to explain? A trading strategy can be profitable or unprofitable, and that's in essence all that counts and makes sense in the end. I don't know how it can be "valid" if it brings only losses, and for those who bought at anything higher than 10k, it is a losing game as of yet. So instead of daily stress these people received perpetual pain and suffering. Myself, I'd rather stick with the stress
I think you’re not getting what he’s trying to say. It’s not everyone of us that knows how to trade , so there are lots f people that lose their money in trading because they don’t know how to trade, it happens to a lot of people everyday. Hodl is a way out for those that don’t know how and wouldn’t like to stress themselves much with all the stress and risks that comes with being a day trader. Day trading is good if you know how to trade at least you will be making profits on a daily , unlike Hodl where you will have to wait for like months or even up to a year.