I have always been skeptical of buy and hold. Historically, buy and hold has destroyed more wealth than any short term trading or investing strategy and most of such buy and hold losses occur during market crashes.

But in the last few weeks while I have slowly started to get myself acquainted with crypto, hodl seems to be the almost universal strategy. It's easy to see why that is so - with never seen before volatility and growth in crypto prices, it's very difficult to create short term trading strategies while it's much easier to buy and hold in a bull market such as this.

Word of caution is that all of this may come crashing down with only a few tokens and coins surviving that fall. On the other hand, all my skepticism may prove unnecessary and this may just be the beginning of a multi year bull run with institutional money slowly moving to this new asset class.

We will have to wait and see.