The goal of this post

The goal of this post is to determine the benefits and the profits that can be acquired by hodling your cryptocurrency investments, as opposed to trading them. To make this simple, I have created a scenario of a fictional investor, and from here on out, I will refer to this investor as Fictional Frank, or Frank (for short):

We will say Frank invested $1,000 on January 1st of 2017, roughly one year ago.

Frank was a "true" investor, and he "diversified". Oh, Frank, you smart man, you!

Let's make it easy and say that he invested in three coins.

Frank did minimal research and invested in three of the top ten coins on CoinMarketCap.

Frank is also unlucky. Unbeknownst to him, he invested in the three least profiting coins.

Because it's my made-up scenario, Frank is also an intelligent cat.

First, what is hodling?

According to Urban Dictionary, hodl is a reportedly "on-purpose" misspelling of "hold". However, it later became known as an acronym, meaning "Hold On for Dear Life". It reinforces the financial concept that you should hold your assets in a Bear Market, as opposed to selling them. You should wait for the price of your assets to return to greater values before you consider selling, but even then, most proponents of hodling will continue advising you to hold on to your assets for dear life.

Let's get the number out of the way

To gather the below values, I used The WayBack Machine to check for the top ten coins on CoinMarketCap. Between December 28th, 2016 and January 28th, 2017, there are nine coins consistently within the top ten. Those nine are listed below, along with their price on January 3rd, 2017 (first price), their price on December 31st, 2017 (second price), their percent change, and their respective position (first to last) among the nine listed coins:

Bitcoin

The price per coin grew from $1,034 to $13,205 which is a +1,177% change, making this the 8th best coin (out of the 9 listed).

Ethereum

The price per coin grew from $8.43 to $719 which is a +8,429% making this the 2nd best coin (out of the 9 listed).

Litecoin

The price per coin grew from $4.69 to $222 which is a +4,633% making this the 4th best coin (out of the 9 listed).

Monero

The price per coin grew from $16.84 to $337 which is a +1,901% making this the 5th best coin (out of the 9 listed).

Ripple

The price per coin grew from $0.006317 to $1.97 which is a +31,085% making this the 1st best coin (out of the 9 listed).

Ethereum Classic

The price per coin grew from $1.43 to $26 which is a +1,718% making this the 6th best coin (out of the 9 listed).

Dash

The price per coin grew from $12.13 to $1013 which is a +8,251% making this the 3rd best coin (out of the 9 listed).

Augur

The price per coin grew from $4.17 to $64 which is a +1,434% making this the 7th best coin (out of the 9 listed).

MaidSafeCoin

The price per coin grew from $0.09709 to $0.78959 which is a +713% making this the 9th best coin (out of the 9 listed).

How much could you have profited

As you can see, from the coins listed above, MaidSafeCoin, Bitcoin, and Augur were the three lowest profiting coins from the beginning to the end of last year. If Fictional Frank had invested evenly ($333) into each of these coins, his $1,000 investment would be worth $12,068.

$12,068

Though Fictional Frank wouldn't have been the next Bill Gates with this investment, he certainly would have made far more with this investment than he would have made if he stuck that $1,000 into a bank account. Furthermore, he wouldn't have been required to do all that much work to invest in these coins. So, even though he could have made more by trading, doing a bit more research, etc, with just a bit of action from his part, he would have radically grew the amount of money he had without much effort at all.

I know, cryptocurrency is EXTREMELY risky, but I think this can be applied to so many individuals right now. So many individuals criticize cryptocurrency and steer clear of it, and that's totally fine. But, you don't have risk much at all to get into this. With just a bit of money (even $100), and with very minimal effort, you can all start radically benefitting yourself and benefiting your future.

I hope this helps some of you out, and I hope it shows you that you don't have to risk much to see huge profits. If anyone has questions, or they need help with anything crypto-related, please let me know! If you're looking to invest in cryptocurrency, you can signup at Coinbase or Binance (both affiliate links). If you're against using affiliate links, I'm not offended in any way, and you can use the following two links: Coinbase and Binance. Both of these exchanges are my favorites, Coinbase for Bitcoin, Litecoin, and Ethereum, and Binance for several altcoins.

If this post has entertained you or helped you, please follow, upvote, resteem and/or consider buying me a virtual slice of pizza:

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Legal Disclaimer: This is just my input, and these are some tips that have helped me along the way. I am in no way telling anyone to invest, but if you do, please do it responsibly.