The HODL meme and its impact on Bitcoin

Jocuserious

sr. member

Activity: 1936

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Quote from: ethereumhunter on February 17, 2019, 10:36:46 PM

Quote from: Jocuserious on February 17, 2019, 10:31:54 PM

It's good or bad Can not take full sense but in my opinion Holding can get many profits afterwards.One thing we can notice If we buy any currency with a higher price,and We should wait for this until we get a good profit.

Yes, no matter how long the time will come, the hold will give you a big reward. Maybe it is hard to do, but if you are okay to see the price is not good to sell, then you don't have to feel sad, and you will only think that this is the best time for you to buy more and more asset so when the price increase later, you can make a lot of profit. Don't listen to other people opinion because they are not always right and you will need to stay calm to see that.

Absolutely you are right,I don't get any fell for another person opinion.Because I'm in here the crypto market before 4-5 years completely.so I know that what time better for me and what time bad for me.in fact totally I agree now hold better for me because I don't want any lossing my money.so I know one day will back the crypto market.

xWolfx

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Quote from: sehoon on February 17, 2019, 07:32:41 AM

I think it is a split whether it is good or bad. Some people ended up having a huge profit while other just started investing in cryptocurrency just after the boom of bitcoin that is why theyre not really earning a lot up to this time.

Bro, if you're a true hodler it's not over yet. This is only the beginning.

I'm slowly working my way towards becoming one, i personally enjoy that style of investment a lot more so i can focus on other things while the passive income comes. That is precisely what a lot of successful people like Warren Buffet recommends in fact.

Holding is extremely good for Bitcoin because at the end you end up helping sustain the technology that will shape the future.

pooya87

legendary

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Quote from: valta4065 on February 17, 2019, 03:26:30 AM

Regardless of how and when the term HODL was invented, in my opinion it's a good thing and is recommended.
HODL is not something new, it's a concept that existed in every market for decades and is also inherited by cryptocurrency market. HODL strategy is for investors who are looking to invest for longer duration of time.
Warren Buffet (greatest investor of all time) Quotes on patience (HODL)

you (like many others) are missing the very important first step that comes before "HODL" and that is choosing a wise investment that actually has a long term potential. bitcoin has that but unfortunately people think because bitcoin has that kind of big long term potential, so should altcoins. but the fact is majority of altcoins are an illusion that aren't even going to last in the short term let alone long term. as we have seen in the past 10 years as they come and go very often.

ethereumhunter

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Quote from: Jocuserious on February 17, 2019, 10:31:54 PM

It's good or bad Can not take full sense but in my opinion Holding can get many profits afterwards.One thing we can notice If we buy any currency with a higher price,and We should wait for this until we get a good profit.

Yes, no matter how long the time will come, the hold will give you a big reward. Maybe it is hard to do, but if you are okay to see the price is not good to sell, then you don't have to feel sad, and you will only think that this is the best time for you to buy more and more asset so when the price increase later, you can make a lot of profit. Don't listen to other people opinion because they are not always right and you will need to stay calm to see that.

Jocuserious

sr. member

Activity: 1936

Merit: 290

It's good or bad Can not take full sense but in my opinion Holding can get many profits afterwards.One thing we can notice If we buy any currency with a higher price,and We should wait for this until we get a good profit.so keep check your calculation your currency buy and how need profit.

faceoff97

full member

Activity: 644

Merit: 113

Quote from: pask777 on February 16, 2019, 07:05:39 AM

Over the years, HODL evolved from just a meme into a mentality that many Bitcoiners live by.

Is this good? Is it bad?

I don't have the answer, let's discuss.

Origin of HODL:

Edit: here's the actual bitcointalk thread where the meme was born.

This Hodl meme got even resulted to a multi open source wallet called "HODLER". People got hooked to it and even decided to Hodl in longer term or period of time. Hodling is still good to practice since price is still low compared to it's reached peak. Hopefully we can expect the price to recover and got even higher soon.

Waddledawg97

newbie

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Interesting to see, but how do you know that he was drunk?

michael23

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HODL is not always an actual strategy. This can hardly even be called a strategy. Previously, it worked very well and made a profit, but now it is relevant only for a few coins.

Ucy

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It is good in my opinion. Who doesn't save money? Another word for "Hold" is "Save'.
If a friend gives you 70,000 Bitcoins, would you spend all at once? Wouldn't you spend some and save the rest? This is how society use money.. People save for rainy day. You cant force them to spend everything

ETHICKNINE

jr. member

Activity: 86

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HODL with patience can be wise if the investor or the traders has a strategy but if there is no effective plan why to HODL Bitcoin longer I doubt it will do any good because during the past price increase when Bitcoin hit $20k many investors kept there bitcoin without selling had many losses and for sure they suffer mentally because they couldn't get the profit they could but there are some panic selling by people who bought after the price drop without HODL which is an action with no strategy so investors should HODL for proper reasons

arwani1985

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Activity: 817

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Hold is actually not bad because also people give an opinion to others to keep hold and be patient for an increase and certainly increase because people certainly want it

sehoon

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I think it is a split whether it is good or bad. Some people ended up having a huge profit while other just started investing in cryptocurrency just after the boom of bitcoin that is why theyre not really earning a lot up to this time.

naufals4

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Quote from: pask777 on February 16, 2019, 07:05:39 AM

Over the years, HODL evolved from just a meme into a mentality that many Bitcoiners live by.

Is this good? Is it bad?

I don't have the answer, let's discuss.

Origin of HODL:

Edit: here's the actual bitcointalk thread where the meme was born.

i think HODLING is the best thing to do cause bitcoin is a long-term investment. just look at the price from 2013 and 2019 right now it had increase very high. so HODLING is the best thing to do to invest your money into bitcoin.

Johnzky

member

Activity: 616

Merit: 30

Well for me its good in the sense that if we have the capacity of Hodling the coins for how long,without specific period of time,then surely it will progress as we know the value of bitcoin started from nothing to a thousand bucks

It is Bad if you are Hodling this to fed you family because the prices fluctuate in just a matter of seconds of minute

Kprawn

legendary

Activity: 1904

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HODL has become a trend in our community and in my opinion it is a plague, if everyone follows that strategy. Yes, it might

be considered as a boon, but only if you are invested in this technology for the speculative profits. A person who are invested

in this technology to use it as a currency or to accept it as a currency, would hate it if everyone HODL'ed all their coins. Tongue

maemunah

sr. member

Activity: 672

Merit: 250

in my opinion now many young people who make memes on social media with the connection with bitcoin in my opinion it lowers the image of bitcoin so far for me it is not so important to make a bitcoin meme and published on social media

ASHLIUSZ

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However holding is much important with the cryptocurrency, the origin of the term happened accidentally but our cryptocurrency community have given it a meaning and made it the most used term among the cryptocurrency users. Bitcoin has been undergoing several disturbances from the market scenario prevailing all around. By this time the term HODL gives a peace in mind targeting the future.

shesheboy

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Quote from: SiDtHeBeSt on February 16, 2019, 11:53:18 PM

Many people decided to "HODL" when prices were hitting 19k$ to 20k$ thinking prices will go up higher but didn't lol on the other hand prices dipped down harder so HODL wasn't a very good idea for many I guess xd

thats their fault because they keep on hodling even if the price is already high . hodl only means when the prices are in dip but when the price of the coins are pumping and reaching an ath , then that is the time that we must forget the term hodl for a while .

Quote from: Indrawan77 on February 16, 2019, 08:19:53 PM

For early adopter hodling has giving a good profit

Hodling is not only for early adopters because hodl is for everyone . you can continue to hodl even if the market is in healthy condition .

Quote

for me hodling is not a meme,

Course it its not . hodling is a term but some might be using this term to create a meme which isnt also bad . infact it can attract people to learn this term even if they not interested on crypto .

MI6

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I think holding is strategy from some bitcoiners, actually it is natural because of course people will always want a profit. Big profit especially, is aim for a lot of people like traders and investor. That is why holding still be trend for now.

valta4065

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Regardless of how and when the term HODL was invented, in my opinion it's a good thing and is recommended.
HODL is not something new, it's a concept that existed in every market for decades and is also inherited by cryptocurrency market. HODL strategy is for investors who are looking to invest for longer duration of time.
Warren Buffet (greatest investor of all time) Quotes on patience (HODL)

Quote

No matter how great the talent or efforts, some things just take time. You can't produce a baby in one month by getting nine women pregnant.
Our favorite holding period is forever.
I don't look to jump over seven-foot bars: I look around for one-foot bars that I can step over.

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Topic: The HODL meme and its impact on Bitcoin (Read 578 times)