HODLing in 2019
And, everyone from Warren Buffett to athletes and celebrities have weighed in on the future of cryptocurrencies. With all the attention, jargon that was once just used for inside jokes in early cryptocurrency chat rooms and on Reddit threads has now become a part of the dialogue.
So what does that mean? In early bitcoin forums, someone posted a message that spelled the word "hold" wrong, and readers interpreted it as an acronym "hold on for dear life," Saddington explains.
Example: "If someone tells you bitcoin is a bubble, they just have FUD. This one is simple, Saddington says. FUD means "fear, uncertainty and doubt.
It refers to the smallest fraction of a bitcoin that can be sent, which is 0. Instead of looking at bitcoin in terms of a dollar value, "real traders look at sats, or satoshis," says Saddington. Example: "There must be a whale behind this coin's movement. We're talking about like hundreds of thousands of bitcoin or more.
If a "whale" sells a lot of their stake, it can cause the price of a cryptocurrency to dip by flooding supply, he explains. Example: "This coin's chart looks like it was a pump and dump. Then, everyone "dumps" the coin and sells. These schemes are often orchestrated through apps like Slack or Telegram, he adds, and advises curious chatroom readers to beware of such gimmicks.
An investigation into "pump and dump" schemes by Business Insider found the practice to be an "open secret among many cryptocurrency traders. Example: "I think this coin is going to sell off, and someone's going to be left as the bagholder. Then, that person is left with "a coin they don't want at a price they can't sell it [at]. If something is "mooning," that means a coin's price is experiencing a spike. Crypto-watchers will often get excited about minor bumps in price and boast that their coin is headed "to the moon," Saddington says, sometimes only in an effort to inflate the price for their own gain.
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What is “HODL”?
One day I decided I would become a cryptocurrency day trader. In that quest, I joined a trading chat room on Telegram. There, I was surprised to see that I was not able to understand any of their conversations. Then I asked my good friend Google…. From there, I learned about all these terms, and I was finally able to understand the conversations in the Telegram group.
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Michael J. One is somewhat tautological, and that is the fact that bitcoin exists at all, that it seemingly cannot die. The more bitcoin shrugs off attacks, the more it highlights its core value as an immutable currency of the people. That petered-out distribution function will keep bitcoin scarce into the future. In its aspirations to fulfill the three functions of money — a store of value, a medium of exchange and a unit of account — bitcoin could be cursed by success. Bitcoin is in this narrow sense is a much better, highly liquid, digital version of gold. Such as the dollar. Of course, any decent, functioning currency must be somewhat scarce in order to hold its value; no one wants to accept Venezuelan bolivars right now.
HODLing in 2017
Hodling is a weird idea guaranteeing that you will eventually lose all your money. Bjtcoin In. Update Cancel. Historic moment for the crypto market! Learn More. You dismissed this ad. What is hodling bitcoin feedback you provide will help us show you more relevant content in the future. Answer Wiki. View. Related Questions From where is the real value of cryptocurrency, like Bitcoin, coming from?
Is it true that HODLing cryptocurrencies will get you nowhere? Do you think the "Bitcoin crash" is about to get better, or that the crypto value will continue to drop? There are so many cryptocurrencies on the rise. Will they take over from bitcoins? Can I transfer my bitcoins to another bitcoin wallet? Do other id have a chance or is Bitcoin too far ahead? Why does Bitcoin's slow confirmation of transaction not stop it from becoming the top cryptocurrency choice?
How did I miss Bitcoin and cryptocurrencies in their early days? When do you think Bitcoin will dip down again? How can I be sure not whhat miss another investment like bitcoin? Bitcoin has reached new highs. What will cause it to dip back down again? Can I luckily get a bitcoin address that has a balance by endlessly generating bitcoin hwat with my Bitcoin client? How do I get a Bitcoin at its cheapest rate?
How do we know that the last Bitcoin will be mined at around and not before? What's preventing bitcoin and other cryptos to achieve their hodlint time bitclin again?
Related Questions What's the Bitcoin mining process? Does it make you earn free Bitcoins? Should I what is hodling bitcoin my Bitcoin on an exchange or in a wallet?
Trading or HODLing. Which is better?
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Then I asked my good friend Google…. Compare Investment Accounts. I write about crypto, ETFs and other disruptive financial innovations. HODL comes from a fortuitous typo in Dash is a blendword for Digital Cash. Share This Page. This site uses Akismet to reduce spam. Depending on your investment goals and appetite for risk, you look at the market. But buying and holding is the only rational approach in an asset as volatile as Bitcoin, where trying to time the market is nearly impossible. Look at these fools, holding their imaginary money with no regard to price. Partner Links. Skip Navigation. Your email address will not be published. It means the fear of missing out on the profit which might result from an investment or a decision. This fuel is represented by cycles of fear and greed.