A Long-Term Holder (often abbreviated as HODL) refers to an investor who intends to keep their cryptocurrency assets for an extended period, regardless of price fluctuations. This strategy is based on the belief that the value of the asset will increase significantly over time.Long-Term Holders typically resist the temptation to sell during market volatility. Instead, they focus on the fundamental value and potential of the asset, believing that short-term price movements do not reflect its true worth. Many Long-Term Holders adopt this approach to avoid the stress of daily trading and to benefit from the overall growth of the market. They often have a strategy for entering the market at a low price and holding onto the asset through market cycles, aiming for substantial returns over the years.This mindset aligns with a buy-and-hold philosophy, which has been successful for many investors in various asset classes, including stocks. Long-Term Holders contribute to market stability by reducing sell pressure during downturns, making them a significant presence in the investment community.
Avalanche Treasury Co. to Go Public in $675M Deal With Mountain Lake Acquisition
Avalanche Treasury Co. (AVAT), a digital asset treasury company aligned with the Avalanche Foundation, said Wednesday it has agreed to