HODL culture is a very dangerous cult (esp. for altcoins), please stop doing this to people and let them take profit whenever they want. There is nothing wrong with taking profit when you're 30% up. Not everything has to be up 5000% for you to approve of

I am NOT blaming anyone here. This is my personal experience backed up with some data. DYOR. NFA.

I am NOT encouraging you to sell at a loss. I am just asking you to rethink your strategy and evaluate whether every single coin in your portfolio deserves long-term HODL.

I will try to explain why you cannot always expect HODL to work in the long-term and why we should stop BLINDLY following this gold-standard consensus. Again DYOR.

Nothing wrong with HODLing BTC and ETH for the very long-term, BUT it's much more complicated with "altcoins"... Let's dive deeper.

We hear HODL every day so much that we kinda forget there is another way of landing in profit in crypto.

I myself am a victim of the HODL bs (a blind believer) and I still have bags from 2017/2018 that have not managed to pump to prices I bought them at during the 2017 bull run and 2018 crash (yes even after I DCA'd those years). I HEDL for too long and didn't take profit when I had to. Now I don't want to sell them at a loss, but I don't really believe they will ever reach their 2018 ATH.

Let's get real. HODLing does NOT work for every single coin out there. No matter how strong the project is, the reality is, not everything will go up forever. With the exception of maybe BTC and ETH.

You cannot predict the market. A strong project can 100x overnight but then go back down 70% and never again see its previous all-time high.

There is nothing wrong with locking your profits. Don't let anyone make you feel bad about it. Even if you lock your profits at 50%, you are still 50% up.

Be consistent. A couple of nice 2x trades, will get you to your first million a lot faster than chasing 1000x moonshots all the time and losing $100 here, $100 there, another $50 elsewhere. Consistency is key.

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Here are some examples:

Imagine bag holding all these years, and not selling the following coins when they were trading at crazy high prices. You didn't have to sell exactly at an all-time high (cause who can predict the top/bottom anyway). But my point is, you'd be better off in the long-term, if you sold these when they were pumping like crazy and locked your profits close to the ATH when you could (even 20% lower than the ATH would have done wonders to your portfolio). Once you lock your profits from altcoins that you can't be sure of for the long-term, then you can funnel those profits into solid projects like BTC and ETH. Or hell, even staking your stable coins.

(prices are daily averages from CMC)

The list of top 100 coins on CMC today is VERY different from the top 100 of 2017 and 2018. And I'm sure it will be very different in 3-5 years again.

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