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Your call, just friendly advice. If you have a Bitcoin, you always have a Bitcoin. The term hodl, a misspelling of hold from a 2013 Bitcointalk forum post that became a Bitcoin / cryptocurrency meme. The word hodl is one of the most important terms you need to know. The idea behind all these concepts is the same. The logic here is, although it feels bad to have made bad life choices in the moment, it is potentially even a worse life choice to sell now and miss the next rally whenever it may. However, that is a misinterpretation. If you want to come off as a trader who knows what youre doing, its crucial to be fluent in the lexicon of this young, up and coming industry. WHY USE MyCrptoDictionary (MyCD) App? Comment on the I AM hodling thread that discusses the China FUD of their day and the previous crash If this person bought back in, free work from home assembly jobs they outperformed Kyuubi and probably slept better at night. Those who dont think they can do this can hodl through the bear market, but be aware this will open most people up to the pressure to sell low (as most people cant actually handle 80 90 losses on paper without capitulating). The point being, there are lots of reasons to hodl part of your stack, but just hodling everything no matter what is happening in the market is rarely the best move in the short term (in the long.
If you hodld and regret it, consider learning about Technical Analysis (TA) and consider adopting a slightly more nuanced strategy for next time (a personal favorite of mine involves averaging in and out of positions in a way that. If you build a position over time, but hold and it goes down, you still end up effectively all-in and with limited options. Let me leave you with this last nugget from the summer of 2017: I found this 2 year old story in Reddit about the origin of hodl and its meaning. TIP : To invest in crypto long term is a good life choice that requires hodling. Everyone in the crypto game is more or less a rookie. Its because Im a bad trader and I know IAD trader. Fomo Bad Life Choices Jealousy other peoples Schadenfreude is not a good mix. The Reality of hodling. Are taxed at a lower rate. So that is another point for hodling. In most cases hodl should be part of your strategy, not the single word that defines your entire strategy.
If you notice long term bearish trends, it is OK to average out of a position (here you would be taking some money off the table, but hodling the rest, this is a nice middle ground strategy even for an inexperienced trader). ILL tell YOU WHY. Likewise the weak hands are like OH NO ITS going down IM gonna sell he he he and then theyre like OH GOD MY A-hole when the smart traders who know what THE F- theyre doing buy back in hodl btc meaning but you know what? . A hodler has gone all in and theyre proud of that fact. Org Dec 18, 2013 clean version: I type d that tyitle twice because I knew it was wrong the first time. . A-Z Of Cryptos Terms: Well organized in alphabetical order or just use the search box to go the precise crypto word.
Also, if you are an investor who doesnt want to realize short term capital gains taxes, you can call that hodl. If all the short term Moving Averages have crossed under the long term averages, and they are all sharply pointing downwards there isnt really much chance of the price spiking up quickly. In a way the easiest way to understand the term is to read the original post. Bottomline : hodl comes from a Bitcointalk post and has a few different meanings. The title of his post was I AM hodling. Contact your service provider for details.*). With Bitcoin, this ended up being so true in the past that it really popularized this meme. Meanwhile, sometimes youll end up mistiming the top and will have to revert to holding even after you have your chops down. That said, the post itself covers the above in many ways. The crypto community pretty quickly latched onto this post. Second off, logically speaking, hodl btc meaning while hodling through a temporary short term correction is often a solid play, and hodling on the way up during a bull market can be a great move, hodling everything through an extended bear market is hardly ever an ideal move. The ideal move in a downtrend is to sell at least part of your stack once the longer term technical indicators clearly point toward a downtrend, and then buy again when the trend reverses.
You only sell in a bear market if you are a good day trader or an illusioned noob. It has certainly become a key part of the jargon surrounding the crypto universe. At its core however, it is less about hodling while the price goes up (a good move with a little bit of risk mixed in and more about hodling as the price goes down (generally not. If anything, hodl means: because you didnt take gains, and now you are taking losses, if you want to stay in the game, all you can do at this point is hold (thus the incorrect interpretation is rather. Whether or not youre on board with hodling itself, you should still know how to use the term appropriately. If you would sell low, do not hodl.
Humans have emotions and the market changes moods. Other added features aside THE dictionary Airdrops: Get access to latest free crypto money via airdrops alerts. So if you are just hodling, you probably want to continue to put work in to refine your strategy. Thus, an inexperienced trader may hodl rather than trying to time the market. Consider only hodling top coins and coins you strongly believe. Youre committed to crypto. Thus, users dont need to always update app to frequently access newly added words. The Origin of hodl Above I offered an excerpt of the GameKyuubi post that the hodl meme comes from. Dont put so much money in crypto that it will destroy you if you lose it or have to hold for 4 years. NO S- I should have sold. . So ive had some whiskey actually on the bottle its spelled whisky w/e sue me (but only if its payable in BTC) Looking Deeper at the Meaning of hodl as Used in Crypto Culture With the basics covered. " A Guide to Holding Crypto What it Means to hodl " contains information about the following Cryptocurrencies.
The Origin of hodl and a Guide to hodling Bitcoin and Other Cryptocurrencies. So there is merrit to this, but first and foremost the original post by GameKyuubi offers its meaning. It is referring to not selling in a bear market if you know arent a good trader because you believe Bitcoin will come back. Specifically, as eluded to above, it refers to holding onto a cryptocurrency through a correction because you already missed the opportunity to sell high but refuse to sell low (although these days people use it as a rallying cry for holding. To put it simply, hodl means youre holding your crypto rather than selling it because youre confident you will eventually cash in big when the value of your currency skyrockets. But he let it stand because, as he explained in the post, he was angry, fired up, and from the sounds of things, quite possibly drunk.
Fact : The term hodl originally comes from a Bitcointalk forum post from December 18, 2013 where the title I AM hodling contained a misspelling of the word hold. Although the term hodl was originally referring to Bitcoin, generally hodl btc meaning speaking it now refers to holding any cryptocurrency. Last visit, message Follow Following Unfollow, message Follow Following Unfollow. If you bought the top, then you rode the crypto coaster all the way down, this is the time when you can invoke the hodl a mantra to strengthen your resolve. Almost no one which is why many hodl. Thus, historically it has been an option to suffer through the 80 losses to enjoy future gains than it is to try to get clever and sell and then buy again.
Everyone holding for long term gains since 2017 just lost the same 13k a Bitcoin those who bought at the top did (only difference is one type of person lost principle and the other lost profit everyone in that position is hodling right now. Just restart the app. Since you have to be willing to go down with the ship, you should aim to ensure you are on a ship that looks like it can weather the storm. The bottomline being, and as GameKyuubi, the commenter who originated the meme, points out, hodl can end up being a solid long term strategy for those who know they arent pro traders who can make those ideal short term moves. So, you repeat the mantra hodl, rationalize, and most of all stop yourself from panic selling in the despair phase of a bubble (long after you should have sold). In other words, if you are hodling, then ideally it is because you are building an average position in great coins over time and aiming to make some long term capital gains and/or sensibly not getting caught. But we still need to be able to pay our rent. To hodl is to accept going down with the ship. If you bought on fomo high, the sooner you take enough money off the table to hodl comfortably the better. But really, at the heart of the hodling, is an almost faith-like belief that crypto will succeed on the marketplace.
NO fees: MyCD App does not require subscription fees to use the app. It is true that learning to take profits and to cut losses tactfully is a better strategy than just holding once your skill level is there. You didnt play the short term like a pro, you let the medium term pass you buy, but you believe youll be rewarded in the long term. Crypto trading can be complex, hodl btc meaning and there are bull traps and bear traps everywhere but those who hodl need to be aware that 90 losses are a reality of bear markets! It means youre clinging to your currency in the face of massive and sudden price drops. When the traders buy back in Im already part of the market capital so guess WHO youre cheating day traders NOT ME! . Last visit, message Follow Following Unfollow, message Follow Following Unfollow, message Follow Following Unfollow, message Follow Following Unfollow, message Follow Following Unfollow, message Follow Following Unfollow, message Follow Following Unfollow, message Follow Following Unfollow, message Follow Following Unfollow. But seemed crazy not to sell this time If anything, I probably should have cashed them all out but you can never be sure about anything with BTC so half seemed the safest thing. If you commit to hodling your resolve will be tested.
You must prepare for this in advance hodl btc meaning and plan accordingly. The Bottom Line on the Origin Story of hodling (With its Origin Considered) The term originates from the place where its true meaning lies, that is, it is a reminder for those of us who horribly mistimed. People tell themselves they will hodl when they are up 1,000, but then when they are down 90 they start getting the fear. To do this, dollar cost average into a position and be willing to take gains next time you see a parabolic upward trajectory (so you can buy the dip; be patient, you may have to wait weeks or months). Its not just about knowing a weird anecdote from the archives of crypto history. This World's No1 free cryptocurrency dictionary APP Helps Save More Time Putting All crypto terms In Your Palm In 1 Single TAP ICO Airdrop TradingSignals from Top Crypto Websites Worldwide. For one reason or another, hodl seemed to embody all of that in a single, misspelled word. When you get the fear you risk selling. You know who properly times markets? Are you a Devoted Hodler? Bitcoin is essentially a bullish log fractal, you know, so far. Its because Im a bad trader and I know IAD trader. . Cookie Use and, data Transfer outside the.
The person who held Fairbrix (a shh coin from back in the day) literally went to zero. Note : You dont owe taxes on hodling. Likewise, not taking any profit at an all-time-high (for example a high that has been tested twice and failed is generally not an ideal move. What Does hodl Mean? Assuming he never bought back, he still holdd enough to make him happy years down the road. I hoped this in-depth examination into what it hodl btc meaning means to hodl cryptocurrency helped. If youre a devoted hodler, youre willing to ride out the ups and the downs of being an early player in the crypto game. Likewise, if and when the market turns against you over a longer period of time, it is OK to sell part of your stack to ensure you have money to buy further dips. In December 2013, a bitcoin trader by the name of GameKyuubi posted a bit of a rant in an online bitcoin forum. Some people will hold for tax reasons, and it isnt the wrong move.
It is a meme, pronouncing it that way is essentially part of the meme. If you sell early in a bull, you can miss out on fortunes. I sodl half my coins at 730 and ill get em back at a later date when this all stabilises. TIP : The guy in the story above kept some Bitcoin and planned to buy hodl btc meaning the rest back later. For starters, its funny. . In the image below you can see a bull market and bear market. The hodl Post. Cryptocurrency is insanely volatile and we see 80 corrections almost as often as we see 400 gains. The meme version of hodl Lambo kind of sucks, but the real version of hodl is a solid move for most traders (because most traders are bad traders and crypto gains can come sudden and quick). As such, the ups and downs of the market can often trigger complex reactions from traders.
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