One of the things I have disliked the most about the crypto sector is the idea that people should “hodl” or “hold on for dear life.”
I have written many times here at AVC that one should take profits when they are available and diversify an investment portfolio.
The idea that an investor should hold on no matter what has always seemed ridiculous to me.
Now, the crypto markets are in the eighth month of a long and painful bear market and we are starting to see some signs of capitulation, particularly in the assets that went up the most last year.
Whether this is the long-awaited capitulation of the HODL crowd or not, I can’t say.
But capitulation would be a good thing for the crypto markets, releasing assets into the market that until now have been locked up by long-term holders.
Until then it is hard to get excited about buying anything in crypto.
USV TEAM POSTS:
Albert Wenger — August 11, 2018
Speech and Power