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Binance Research suggests To HODL BTC is the Best Strategy to get Best Returns

Binance research shows that HODLing bitcoin is the best strategy to get the best returns and earn suitable profits.

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On the basis of some stats, the Binance research has suggested that if users do not want to miss out on the bullish moves of Bitcoin, then they should focus on HODLing bitcoin.

What is HODLing?

HODL is a word that is used as slang in the crypto community for the sake of holding the cryptocurrency rather than selling the crypto assets.

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This was originally used by an inebriated user in a post published on Dec 2013 on the Bitcoin Forum message board. He posted with a typo in the subject and said: “I AM HODLING”.

Why Binance Suggests to HODL Bitcoin

Recent Binance research has suggested to HODL bitcoin. The reason behind this is that since 2013, the Bitcoin bullish moves in the market have occurred during the ten days of each year. This means that the annual bullish performance of the coin is recorded within the duration of only ten days.

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Bitcoin gains 25% during these ten days. If these top 10 days are excluded from each year since 2013, then bitcoin would be down by -25%.

Users do not want to miss out on these top ten days of the year. Therefore, binance research has suggested users to HODL their bitcoins. And this is the best strategy to not miss out these days.

Some analysts do not agree with Bitcoin HODLing

Though Binance research supports the strategy of Bitcoin HODLing but there are some analysts who do not agree with this point and says that users face losses when they act upon such type of strategy. The analysts say that if you have hodl’d bitcoin since Dec 2017 you are at the loss of around -50%.

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A crypto analyst Joe007 has disagreed to this strategy and says:

HODLing is a nice meme but not exactly a rational value preservation strategy.

For Binance, HODLing bitcoin is the best strategy for now in the crypto market and to get the best returns and profits through HODLing. So, just buy cryptocurrency, HODL, and wait for the best returns.

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Adeline Gibbs

Adeline Gibbs is a writer and a vital contributor to Tokenhell. She always stay up-to-date with latest happenings in crypto world.

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