Oct 21, · Bitcoin billionaire and founder of venture capital fund Social Capital Chamath Palihapitiya is sharing his strategy for attaining financial freedom. and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment. Aug 16, · During this moment in the Bitcoin market, with the price surging over the past three months, there is a notable shift in the hodling market. A recent report by Chainalysis stated that North American investors are opting for a “conservative buy and hold strategy,” especially compared to their eastern counterparts. Nov 15, · The Trust Project is an international consortium of news organizations building standards of transparency. Most of Bitcoin ’s upside happens on just a few days annually. HODLing is the best strategy to not miss out, according to Binance Research.
Bitcoin hodl strategyHODL On: In Defense of Bitcoin's Best Strategy - CoinDesk
In , the performance of these coins continued to gather momentum and more people invested in the market. The prices of these coins and other digital currencies have dipped numerous times in the past few months, yet the market value has continued to grow. The three most popular cryptocurrencies have made huge gains in this period of technological evolution. Ripple and Ethereum have continued to gain value at a rate of more than 40 times within months. The price of many cryptos, together with their technological potential, has led to the development of two major perspectives when it comes to crypto-trading.
There are those traders and investors, on one hand, who believe that cryptos are very profitable and powerful instruments of trading.
These people see volatility, realistically both the downside and upside, as a chance to gain more profits. Most people in this category are ready to quickly liquidate their positions if the value of cryptos is going against them, and they are willing to limit their losses or protect their profits when they re-enter the crypto-trading environment.
Investors are interested in cryptocurrency trading for many reasons. Some people are less sensitive to the underlying assets of the crypto coin itself as they are mostly attracted by the excitement of trading with high volatility which characterizes the crypto market. Some are inspired by the potentials of blockchain technology. Regardless of the reasons for investing in cryptocurrencies it suffices to say that no one invests in crypto with the aim of losing money. Whether you invest your life savings with the aim of never having to work again or you want to invest your pocket change to test trading strategies, the fact is you intend to increase the value of your investment.
The underlying rationale is that cryptocurrencies are especially seductive and fascinating to most traders who seek quick gains as a result of its unpredictable ups and downs.
The high volatility involved makes keeping any profits a challenge. According to Cointelegraph , the prices of Bitcoin do not follow the same price path of standard currency markets. Therefore, one may miss the target of lows and highs which might result in losing a huge amount of funds predicting the wrong events of the market. Created in , the term HODL was used in a Bitcoin chat forum by a crypto enthusiast who was touched by a dip in the price of Bitcoin but decided not to sell it.
This is indeed true of the recent volatility of the cryptosphere. Bitcoin hodlers need to have a clear understanding of what is Blockchain technology and how it works before investing in cryptocurrencies.
Blockchain technology has been growing as a decentralized solution to services are now possible. With Bitcoin and the technology behind it, users can finally enjoy what is considered to be the first piece of digital gold or even better.
There is no government or entity in the world with the capacity to take over the Bitcoin network due to its decentralized structure.
Bitcoin is safe, cannot be confiscated by governments if you use it properly. Besides, it allows for transfers between peers all over the world without the permission of a central authority and the use of the trust. Understanding this and the way blockchain technology allows for it would give you the tools to better be prepared to hodl. Hodling Bitcoin is a strategy that focuses on the long term and avoids paying close attention to fluctuations that take place in the short term.
For instance, you do not need to depend on a centralized authority. In traditional finance, a central authority would give you permission to send the money that you own and that you worked very hard to earn. While governments excerpt their power through financial institutions, Bitcoin gives you real freedom. No government, politician or financial institutions could reject, stop or block a transaction on the Bitcoin network.
The funds move freely due to the way in which the network was created and designed. When Bitcoin was created, Satoshi Nakamoto, the creator of Bitcoin, included a message in the Genesis block. The message was the title of The Times newspaper during the crisis of dated on January 3rd.
Europe and the United States were hit hard and many banks were rescued by governments to avoid further problems. Nonetheless, the crisis was created by the own system based on irresponsible monetary policies over the last decades. The recent halving event that took place in May , has also included another message in the last block of the third halving generation. Governments and financial institutions pass but things remain the same due to the unrealistic and centrally planned monetary policy.
Hodling Bitcoin is a good way that you have in order to keep updated with the latest trends that take place in the blockchain industry.
By being a Bitcoin hodler, you will be able to remain an active participant in the market without being worried about the price fluctuations that take place. Rather than getting nervous and analyzing the charts on a daily basis, you would be able to follow the real developments that take place in the crypto and blockchain industries.
Despite price drops and bear markets, companies continue to invest in the long run. What Does Hodl Mean? October 21, Check Latest News Headlines. Submit a Press Release. Crypto Livewire — Press Releases. Submit a Guest Post.