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Author Topic: A Full Guide to Hodl  (Read 302 times)
yazher
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June 12, 2020, 01:34:03 PM
 #1

In this thread, I want to share with you the things I found in the internet which I find useful for the newbies and to other users who want to extend their knowledge on how to successfully hodl their BTC. First of all, if you guys new to this term, the word "hodl" means it's a slang in the cryptocurrency community for holding the cryptocurrency rather than selling it. A person who does this is known as a Hodler (baghodler, ex-hodler, landhodler). 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." read more @ Source: https://en.wikipedia.org/wiki/Hodl

This wonderful compilation was made by DriftwoodPalace, all credits are to him.

Another useful idea and tips for you guys, I just want to help to spread knowledge. just head straight to the site for more info.




Source:
https://github.com/DriftwoodPalace/guides

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June 12, 2020, 08:48:41 PM
 #2

Thanks mate you can solved my problem
One of my friends say to me I am crypto hodl I ask what you say they say to me I am crypto hodl I buy crypto for months and after 2 month I sell it I say you are not a crypto hodl because crypto hodl means to hold crypto currency for a long time but they say to me give a proof I see alot on the internet but I didn't see any kind of information like you so today i show this thread to my friend . So thanks mate your post is just like a proof of my friends question sorry for my English and I am newbie and I don't have much knowledge about crypto

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June 13, 2020, 04:37:03 AM
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English and I am newbie and I don't have much knowledge about crypto
It's pretty obvious that you are not so good in English mate Cheesy. But that's okay, just keep on practicing. Try to engage in more discussions rather than focusing on posting bounty reports Wink.

Anyway, so what are you trying to say is that your friends doesn't agree that you are 'hodling' at all since you already sold your coins in just 2 months? Am I right? Well, don't believe them dude because you are actually hodling. Two months was already a long period of time, and besides everything depends on the coin you have  Hmm most probably you can only be able to long term hodl on bitcoin since it might became more valuable in the future. But if you are hodling alts, it is understandable if you tend to let go of them as soon as possible because they are less worthy.

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June 13, 2020, 05:18:07 AM
 #4

The advice and method from the guide are quite accurate when it comes to the usage of Hardware Wallet in conjunction with Electrum to provide more privacy and security of the wallet.

Personally, The Hodl Guide Light v1.0 is the guide I have used to setup my Ledger Nano S and Electrum that serves as an interface to access and sign a transaction in the bitcoin network. For beginners, this is one of the most comprehensive guide to start with since Electrum provides features that does not include when using Ledger Live such as "coin control" and "manual transaction fee adjustment". Moreover, it also serves as an introduction for "Verifying PGP signatures" in which most users forget that important part in the first place when installing an application into their computer.

I haven't tried the Full and Multi Sig guide yet, but it is interesting to learn how MultiSig and Bitcoin Core works.
 

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June 14, 2020, 06:20:09 PM
 #5

If you are really into holding significant amount of Bitcoin for long term, I will recommend to check the Glacier Protocol.

https://GlacierProtocol.org

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June 14, 2020, 07:24:16 PM
 #6

This is good to know before holding, to know more about harder wallets, generation private keys offline. Unlike before that most people use paper wallet to hodl, hardware wallets are common now, reading about the it using the link above will help in operaring hardware wallet in safe ways.

First of all, if you guys new to this term, the word "hodl" means it's a slang in the cryptocurrency community for holding the cryptocurrency rather than selling it.

Hodl could be a slang before but it is no more a slang, it is now one of the terminologies used when talking about cryptocurrencies, we can see in while reading crypto news or on articles partaining to cryptocurrencies. So, it is now official.

Lastly, while talking about hodling, there should be another article that should talk about the crypto price aspect, because, if bitcoin is bought at the wrong time when price is high, it can results to losses. A good instance is someone that wants to hodl bitcoin and bought it in December 17, 2017 at a price of $20000, the person is losing now. So, hodlers should also know the basics about how bitcoin  market price fluctuates for not to hold at the wrong time.

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June 15, 2020, 10:32:20 AM
Last edit: June 15, 2020, 10:42:39 AM by MrcMrc
 #7

This guild is good for anyone that wants to hodl, we need a special type of device for it, a device that can be offline in a way private keys are offline and not online. I do not have much problem if I want to hold, I will simple use ledger nano s for it. It is the best sold hardware wallet and as for the latest release, no security breachs.
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