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HODL Hypothetical: If You Could Go Back In Time

All Cryptocurrencies

by COINS NEWS 84 Views

Imagine you were given the opportunity to go back to October 2013, and you can only take with you the knowledge that in 2024 the price of Bitcoin would reach $73,000. You can also take the knowledge that a cryptocurrency called Ethereum would be launched in 2015 and it would also be a very profitable investment, but you are not allowed to retain the knowledge of its high point or when it will hit it.

Of course, most cryptocurrency investors would love to have this kind of knowledge, especially if they could go back in time with the confidence that all they have to do is buy and wait.

I’m not asking if you would choose to do this time travel experiment, but instead I’m curious to know if you believe you could go back in time and actually HODL until the current all time high or if you would have been too tempted to take profits along the way?

This is more of a social experiment question about psychology than it is about money, and I’m curious to know if those that believe they could HODL their assets that long are actually that confident in their own cryptocurrency holdings today. Do you feel like it’s simply a matter of time before what you hold now appreciates to extraordinary values, or do you feel like you missed the massive gains that early Bitcoin and Ethereum adopters experienced?

submitted by /u/RebelliousRoomba
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