RATE Group | Bitcoin HODLers pursue the right strategy
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Bitcoin HODLers pursue the right strategy

15 Nov Bitcoin HODLers pursue the right strategy

Posted at 15:11h in Bitcoin News by

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  • Binance Research published statistical data on Bitcoin growth.
  • Holding is considered the most effective strategy.

Holding (or HODLing) bitcoin remains one of the best strategies in the current market conditions, according to the latest statistics compiled by Binance Research.  The experts point out to the fact that bitcoin moves significantly only during several days within a year. Thus it sounds reasonable to hold not to miss the short-lived rally.

Considering that double-digits gains do not happen very often and they are hard to foresee, Binance Research experts suggest that HODLing may be the best strategy for the long-term investors.

“Not holding  Bitcoin on Dec, 7 2017 means you would have missed its largest daily absolute gain of $3,608 (25%),” the team wrote on Twitter. 

However, this medal has its reverse as large downside movements also happen all of a sudden.
 

“Not selling Bitcoin on Jan 6, 2018 means you would’ve missed its largest…

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