Consider Long-Term Investment
- Don’t panic during short-term volatility: Cryptocurrencies are known for their high volatility. Prices can swing dramatically in short periods, but this doesn’t necessarily reflect the long-term potential of a project. If you believe in the fundamentals of a crypto asset, don’t panic during downturns.
- HODL: The term HODL (Hold On for Dear Life) refers to holding cryptocurrencies long-term and ignoring market fluctuations. It’s often associated with Bitcoin, which many investors view as a store of value.
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