HODL (an acronym meaning “Hold On For Dear Life”) was the hotest financial buzzword of 2017.

Crypto investors championed this HODL strategy, advocating that everyone buy BitCoin and hold it long-term. The idea? Buy low and sell high. A classic technique that’s worked for hundreds of years.

Now Crypto is low-priced. You can buy a whole BitCoin for under $4,000. So why is no one HODLing anymore? And does the HODL strategy still work?

Today’s article answers both questions.

Beware The Stagnant Asset!

Many investors dismiss BitCoin because it doesn’t produce anything. It’s not a piece of a company (like traditional stocks) and doesn’t generate dividend payments.

When prices stagnate, you get nothing.

Gold has a similar issue, where slow growth means the asset under preforms traditional investments like stocks or bonds.

While this is a problem, there’s one potential upside.

HODL, A Bet On The Future?

Crypto investors who “Hold On For Dear Life” do so because they believe in BitCoin’s potential. Dips and dry spells mean nothing to them, as they’re focused on big-picture, long-term thinking.

These investors believe Crypto will make a resurgence and become a major force at some point in the near future.

Whether this event happens in one year or 10 is irrelevant.

These HODL investors aren’t interested in short-term gains. They’re focused on holding assets for decades (if need be) until BitCoin explodes in popularity.

A Reasonable HODL Strategy

Personally, I think HODL is a great idea… If you believe in BitCoin.

However, I also enjoy growing my money through more traditional (and proven) assets like stocks and bonds.

As such, I hold the majority of my money in classic investments (such as my “Lazy Portfolio“) while also dollar cost averaging a small amount into BitCoin each month.

With Crypto prices as low as they are right now, this is a terrific way to buy up huge amounts of BitCoin at an inexpensive price.

If you want to invest in Crypto Currencies, CoinBase is an excellent starting point. In fact, you’ll receive a free $10 in BitCoin when you sign up through this referral link. It’s an instant profit!

Final Thoughts

Despite BitCoin’s rough year, the currency (and technology behind it) improved greatly. In fact, it’s more advanced and innovative than ever before.

There’s a strong case to be made in favor of a BitCoin rebound.

Buying Crypto and using the HODL strategy is a terrific idea for anyone who believes in a recovery. With BitCoin prices so low, you can easily scoop up a huge amount and then let it sit until prices rebound again.

P.S. As mentioned earlier, CoinBase is an excellent platform for new Crypto investors. It’s the biggest exchange in the world, easy to use, and offers $10 in free BitCoin when. You sign up through this referral link.