HODL is STUPID!!!

Dear all steemians. meet again with me. Hodl is trend in crypto world. Is it real?

This is my opinion. You can give me feedback in the comment. I have plunged into world of cryptocurrency since 2016. I joined some bounty jobs and made sweet money. I also got scammed by fake projects. From my observation , I take conclusion that some tokens or coins are becoming worthless. They loose the value. The price drops sharply and delisted from exchanger. The trading volume become very low. This is a fact.

I am not sure what happens to the coins but I can give my opinion that there are some reasons why the coins become worthless.

1. The tokens or coins are kind of payment system but no fans.

The developers claim that they apply amazing blockchain tech. In fact, the network is on other existing one. The payment is using ERC20, or other tokens that use main network from others. Users finally prefer using the mother of the tokens and wallets. In this case, the project have lost its fans. There is also a coin that use the main network on its own but the development is stucked only on the payment system. There are no merchants and partners that accept the coin. To use the coin, user must exchange to BTC or other popular coins. Sooner or later the coin will loose its fans.

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2. The developers don't have real products.

No real projects after the wallet and tokens creation. They leave the coins in the market. Users have no value of holding the coins finally they will sell and change to BTC or other more liquid coins. Wallet is only wallet. No services or products that need to use the wallet. It is like you create money but no one accept the money. You are rich with your own imagination. Whaleshares , steemit, bitshares, stellar and other new coins have real projects and real products. Users will need the the coins to use the products. These coins will have real value in the market.

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3. Pump and Dump coins

There are some developers create a coin and promise high revenue from HODL. Then they buy back coins in the market. then They sell again after making profit from the price jump. No products, no projects, no servics that back up the value. This is pump and dump coins.

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4. Too many new tokens and coins created

If you visit ann page in bitcointalk, you will see tens or hundreds new ICO every week. Not all the ICO are fake but most of them are worthless projects. Now the ico take too long time from 4 to 1 year. That is very bad because investors are not interested to the projects. When the tokens are in the market , they should compete with existing coins.They don't offer better improvement of the project finally the price drops.

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5. The projects have no partnership

Coins with no partnertship with existing coins, or companies will loose the value. When those four reasons are attached to the coins, no partnership will downgrade more to the coins.

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What to HODL? Coins with 5 characteristics above are not HODLing coins. Leave them even the price jump quickly because it is the game of pump and dump group. Thanks for reading , please give me feedback to my views about HODL. Follow my blog @lebah and share and rewards for better power.