Good morning Bitcoinland. Happy Friday the 13th.
We may be a bit lower than at this point yesterday, but with a different perspective. Instead of being down a couple of grand, we're up a couple of grand from an all-year low... currently $5748USD/$7960CAD (Bitcoinaverage).
This smells like capitulation to me. We've had former hodlers break down and sell the dip (my heart weeps for you). We had massive volume. We've had a sizeable correction back up. We had gnashing of teeth and wringing of hands. Looks like up to me.
Go Bitcoin go.
- hodl is such fkcud up
only real scale & use can fix bitcoin
- finally:
hodl: no use case
I don't think you understand what we mean by
hodling.
The word was first coined by Gamekyuubi in a drunken typo-filled rant during the bursting of the late 2013 bubble. He basically said that he wasn't panic selling and was going to hodl with the implication that the price would rise again.
It has since become a symbol of long-term belief in the importance and durability of Bitcoin. It implies that one has invested in Bitcoin for the long term and that short-term price fluctuations are immaterial.
It contrasts against
tarding, which is gambling on the price of Bitcoin for the purpose of achieving fiat currency profits by buying and selling bitcoins utilizing short-term price fluctuations.
Hodling doesn't mean you don't use bitcoins.
I consider myself a hodler because most of my coins are in cold storage that I've made inaccessible even to myself without a fair amount of travel and trouble (for security reasons).
I still buy coins when I can, most recently right here in the jungle from a friend who was cash strapped and needed air fare to fly to Canada to straighten out a financial matter. She sold me back some of the coin I paid her for my first property here.
I have used coins to pay for land, dental work, musical instruments, travel, and the general costs of living an enjoyable life.
I carry a paper wallet with me when I travel with enough coin to cover an emergency and several empty paper wallets so I can sweep and return what's left over several times if necessary.
Hodling doesn't mean not using Bitcoin. It simply means not tarding.