Crypto Hodlers Are At A All Time High (It's Buy Season)
Hodling cryptos is probably one of the toughest things to do as investor especially in times like the bear market. For some, it's a daunting task especially when you watch the price of some cryptos you hold crash to oblivion and for some it's as easy as breathing but the fact right now is that the crypto hodlers are at a all time high and since the bear market started, more wallets are stable and appear to be holding cryptos for long term.
With FTX and LUNA collapse, people outside the crytospace would expect that we'd be having less hodlers than usual but this isn't the case for several reasons. First is that the bull market isn't really a time we see much people hodling on to cryptos as most people, the real hodlers that've been hodling for years dump their bags and wait to buy back in the bear market. This is a major reason why there'll always be high number of holders in bear market than a bull market.
Also, there's basically no point selling at a loss. Many new investors especially those who joined the crypto train in the bull market and chose not to sell at a loss would rather hodl on throughout the bear market so they'll make profitboff their investments when they sell in the bull market.
It's basically buyers season right now, prices are down and some cryptocurrencies like Hive are currently at a giveaway price. It's no brainer this is probably the best snd last oppportuinity for anyone out there who has been hesitant on buying since the bear market started. Most people have been using the dollar cost averaging strategy for a while now and I personally feel its thr best strategy to both invest safely and make good use of opportunities like the dramatic dips we saw in November.
Hodling is tough but gets easier with time. Winter would be over soon.