Hodl: In the Bitcoin community, it’s the # 1 Meme. The mantra is a stoic expression for the deep conviction of Bitcoin’s assertiveness. Because Hodler is obliged to be; A sale of the crypto positions is excluded. Only the additional purchase is allowed. At least that’s how it is written in the famous Hodler Manifesto. Formerly a senior member on bitcointalk.org coined the term “GameKyuubi”, which, after “a little whiskey”, was apparently no longer capable of hitting the “hold” correctly in the keys. In the semi-coherent post, he writes to the trading, the market is not timed anyway.
For Hodler, falling prices mean above all one thing: shopping time! Instead of panicking, the Hodler of the World is happy about whopping discounts on Bitcoin. Because Hodler are not here for the quick profits, they hodln, because they know: winter is followed by spring.
“You should sell really slowly.”
Hodler does not sell. Never, never ever. They wait stoically for the time when they can do their everyday shopping with Bitcoin.
In short: Hodler think long term. They do not trade, they hold. Hodln makes life easy because even experienced crypto analysts misjudge market timing too often. Who dares in these dark times, may like to take a look at our price index.
Hodler are loyal to their currency. FOMO purchases of emerging stars in the crypto-cosmos are taboo. Only purchases of the favorite currency are allowed. Hodln is an attitude towards life, not an investment strategy. Once decided, Hodler no longer deviate from “their” Coin. Rising Stars’ exorbitant price gains are ignored, as the vulgar Hodler is confident: “My” Coin wins in the long run.
“I just leave my Bitcoin on the Exchange. Nothing happens. “
According to Article Four of the Hodl Constitution, this is a no-go. Exchanges can be hacked. We’re reluctant to remember the Mt.Gox hack that plunged the crypto community into a nearly two-year ice age. Many investors lost their entire crypto-belongings during the hack.
Therefore, the only person who would trust Hodler with their private key is themselves. Ideally, the coins are in the cold storage, so nothing really can happen.
Even so-called paper wallets are considered cold storage.
“Bitcoin is a bubble.”
Hodler realize no losses. If the cryptocurrency # 1 goes to zero, then that’s just the way it is. In no case do they sell before and take losses. “Not at all” is the motto.
By the way: The crypto-ETP, which investors can trade on the SIX Swiss Exchange, is listed under the winking ticker HODL.