What’s The Backstory On The Word, HODL? 🧵
1/6) - Anyone who has bought and sold Bitcoin or memescoins knows the feeling of hodling.
While your coin is crashing, you must have faith that the particular coin you hold will go up in value at some time in the future. Therefore, you must exercise patience, devotion, and let’s face it, blind faith. You must HODL at all costs.
Right now I’m hodling Bitcoin, Dash, Steem, Ether, Decred and Ripple. But I’m different from most traders because I earn all my cryptocurrency. I’ve been earning nothing but cryptocurrency since June of 2016, when I found Steemit. I’m not sure how many people are like me as far as living off crypto, but I think I’m in a very small minority. I trade but not every day. It can be extremely addictive and I absolutely love the volatility and energy of these wild west markets.
2/6) - The guy who first used the word, hodl, realized he had spelled ‘hold’ incorrectly, but he seemed so upset and/or drunk that he intentionally left in the mistake.
He also admitted that he was a bad day trader, so part of the reason the word, hodl, is so funny is because it describes the situation of a lot of noob crypto traders (most of us): we have no idea what we’re doing most of the time in crypto-land. And we end up losing money, or gaining big-time. (Gambling as his purest form)
3/6) - But the inventor of the word hodl makes the case that he is not part of the fast-in-fast-out day trading mentality of just buying and selling whatever coin in order to make a quick buck.
He makes it clear that he’s in the game long-term, but he seems a bit sore that other day traders know how to make big gains. He also sounds sick of being teased about holding onto his Bitcoin.
It’s almost like he’s defending his decision not to day trade. Bitcoin culture is full of dweebs making fun of noobs and people who invest long-term or make bad trading decisions and that is evident from his post.
4,74 mil
7
O conteúdo apresentado nesta página é fornecido por terceiros. Salvo indicação em contrário, a OKX não é o autor dos artigos citados e não reivindica quaisquer direitos de autor nos materiais. O conteúdo é fornecido apenas para fins informativos e não representa a opinião da OKX. Não se destina a ser um endosso de qualquer tipo e não deve ser considerado conselho de investimento ou uma solicitação para comprar ou vender ativos digitais. Na medida em que a IA generativa é utilizada para fornecer resumos ou outras informações, esse mesmo conteúdo gerado por IA pode ser impreciso ou inconsistente. Leia o artigo associado para obter mais detalhes e informações. A OKX não é responsável pelo conteúdo apresentado nos sites de terceiros. As detenções de ativos digitais, incluindo criptomoedas estáveis e NFTs, envolvem um nível de risco elevado e podem sofrer grandes flutuações. Deve considerar cuidadosamente se o trading ou a detenção de ativos digitais é adequado para si à luz da sua condição financeira.