From the course: Cryptocurrency Foundations

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Cryptocurrency investing techniques and tools

Cryptocurrency investing techniques and tools

From the course: Cryptocurrency Foundations

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Cryptocurrency investing techniques and tools

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- In 11 years, the value of one Bitcoin went from 8 cents to $67,000. If you know someone who bought a few Bitcoins early in that journey and then sat on them for a few years, they're probably pretty happy now, more than a few got rich. Others regretted selling way too early. In reality, nobody could have foreseen that type of appreciation. A few bold speculators got really lucky. Buying and keeping cryptos for a long period of time, something we know now is hodling, the word holding with a typo, has resulted in some remarkable gains. Equally though, outside of a few high performing crypto, many hodlers are seeing no return or even losing in their strategy. Hodling is a popular investment strategy for passive investors. Hodlers are hoping that Bitcoin, Ethereum, and others are going to appreciate to even greater heights in the months and years ahead. They have to be ready to ride the highs and the lows. Given that…

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