A few years ago, I was laser-focused on HODLing my Bitcoin stash. I was so sold on the “never sell” mantra that when an opportunity came up to invest in a promising business venture, I brushed it off, deciding to stick to my Bitcoin position instead. After all, I believed that if I just held on long enough, Bitcoin would take me further than any startup could.
Fast forward to six months later, Bitcoin’s price took a sharp dip. Meanwhile, the friend who took a leap and invested in that business venture saw their initial investment triple. I couldn’t help but wonder: was my blind HODLing hurting me more than helping?
I get it—HODLing is about believing in Bitcoin’s long-term potential. But are we so committed to it that we’re missing other life-changing opportunities? What if I had taken a balanced approach, allocated some Bitcoin, and invested the rest elsewhere?
I’m not saying Bitcoin’s a bad investment; far from it. But putting it on a pedestal can mean missed chances. Sometimes, it’s worth asking ourselves: is HODLing everything really in our best interest?
So, who else has felt HODL-induced “FOMO” when they see others diversifying? Or maybe it’s just me?