If YOU would like to be on a CRYPTO PING LIST, please pm me.
I've noticed a rising interest by many on FR in:
Bitcoin
Ethereum
Other coins built on the Ethereum blockchain mining
etc.Thanks! Pro or con, it'll be a wild ride.
Congratulations to all who are pinged below on being cutting edge FReepers.
Not too late to join, or to figure out the whole crypto thing for yourselves.
Everyone welcome.
..............
This is a continuation of the worldwide spread of crypto into major corporation treasury accounts.
If YOU would like to be on a CRYPTO PING LIST, please pm me.
I've noticed a rising interest by many on FR in:
Bitcoin
Ethereum
Other coins built on the Ethereum blockchain mining
etc.Thanks! Pro or con, it'll be a wild ride.
HODL
So when all the 11 million BTC are finally mined, and they are all held in cold storage by a handful of billionaires and corporations, what good will they be to anybody else?
HODL is a term derived from a misspelling of "hold" that refers to buy-and-hold strategies in the context of bitcoin and other cryptocurrencies.
Understanding HODL
The term HODL (or hodl) originated in 2013 with a post to the bitcointalk forum. The price of bitcoin had surged from under $15 in January 2013 to a high of over $1,100 at the beginning of December 2013. In the 24 hours to 10:00 a.m. UTC, Dec. 18 – possibly in response to reports of a Chinese crackdown – the price of bitcoin fell 39%, from $716 to $438, according to CoinDesk's bitcoin price index.
I AM HODLING
At 10:03 a.m. UTC on Dec. 18, GameKyuubi posted "I AM HODLING," a drunk, semi-coherent, typo-laden rant about his poor trading skills and determination to simply hold his bitcoin from that point on. "I type d that tyitle twice because I knew it was wrong the first time. Still wrong. w/e," he wrote about the now-famous misspelling of "holding." "WHY AM I HOLDING? I'LL TELL YOU WHY," he continued. "It's because I'm a bad trader and I KNOW I'M A BAD TRADER. Yeah you good traders can spot the highs and the lows pit pat piffy wing wong wang just like that and make a millino bucks sure no problem bro." He concluded that the best course was to hold, since "You only sell in a bear market if you are a good day trader or an illusioned noob. The people inbetween hold. In a zero-sum game such as this, traders can only take your money if you sell." He then confessed he'd had some whiskey and briefly mused about the spelling of whisk(e)y.
Within an hour HODL had made its way into memes: the movies 300 and Braveheart provided the initial source material, but there are now countless HODL memes floating around the internet (Game of Thrones' Hodor is a favorite subject).
HODL soon became a byword for an approach to cryptocurrency investing that shuns trading based on short-term price moves. This approach mirrors GameKyuubi's rationale: novice traders are likely to botch their attempts to time the market and lose money or make less than they would simply holding onto their coin.
From: https://www.investopedia.com/terms/h/hodl.asp
More at site.
The greater fool comes forth.
I’d HODL too if I had any.
I’ll gladly pay you Tuesday for a HODL today...
That’s the market: sometimes you gotta hodl them, sometimes you gotta fodl them.
How will the accountants verify debits and credits?
I see lots of White Collar crime possibilities.
HODL is slang in the cryptocurrency community for holding a cryptocurrency rather than selling it. A person who does this is known as a Hodler. It originated in a December 2013 post on the Bitcoin Forum message board by an apparently inebriated user who posted with a typo in the subject, “I AM HODLING.” It is often humorously suggested to be a backronym to “hold on for dear life”.
thank you for this post. The letter that this company did to its shareholders is remarkable. Really worth reading.
