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I’ve been HODLing 30 Tezos since December 2019.
If you know me you know I hold mostly BTC. But I do have a few “moonbags” and one of those is Tezos. And well to be more accurate then the title, I’ve been HODLing 30.3586 Tezos that were acquired between 12/27/19-1/23/20. Let’s see how this investment has preformed so far a year and a half later.
To start off I bought these Tezos around $1.50 each. According to CoinGecko the current price at the time of writing is $2.91 each. That means my investment has almost doubled. “WOOHOO”! A 2x is not bad at all. But that is not all. I have also been “baking” my Tezos on COINBASE to earn an additional 4.63% interest. Baking on Coinbase is basically soft staking if you know what that is. And in total I have earned 2.127465 XTZ for doing nothing but HODLing. At todays prices that basically means I got around an extra $6 for free.
Hopefully you can see the value in HODLing. It really makes me wish I had invested way more money into it. I just want to prove to people that if you pick a solid project and HODL it for a good amount of time that you will have a good chance to make some money. I think the key is really to buy the most solid projects with the best fundamentals. Now I’m not saying that Tezos is the best project with the best fundamentals but I was not as good as an investor in 2019 as I am today in 2021.
I hope this experiment/small investment can also show what an advantage it is to earn interest on your coins. If you are HODLing anyway you might as well be getting extra coins to do so. This can help shield you from any drops in price.
So what will I do now? Since this is such a small amount of money I personally will just keep HODLing this token. Maybe one day it will be able to grow even bigger. After all that is the purpose of investment right? For me it is better to leave the 32ish Tezos in there in hopes that it could become a bigger more useful token. If I sold these tokens I would probably waste the money on something else. Eventually though I will convert these tokens to BTC as that is the core of much of my alt coin trading strategy.
Let me know what would you do if you were in my position in the comments below.
