The HODL meme and its impact on Bitcoin

[ETHICKNINE]

HODL with patience can be wise if the investor or the traders has a strategy but if there is no effective plan why to HODL Bitcoin longer I doubt it will do any good because during the past price increase when Bitcoin hit $20k many investors kept there bitcoin without selling had many losses and for sure they suffer mentally because they couldn't get the profit they could but there are some panic selling by people who bought after the price drop without HODL which is an action with no strategy so investors should HODL for proper reasons

[Ucy]

It is good in my opinion. Who doesn't save money? Another word for  "Hold" is  "Save'.
 If a friend gives you 70,000 Bitcoins, would you spend all at once? Wouldn't you spend some and save the rest?  This is how society use money..  People save for rainy day. You cant force them to spend everything

[michael23]

HODL is not always an actual strategy. This can hardly even be called a strategy. Previously, it worked very well and made a profit, but now it is relevant only for a few coins.

[Waddledawg97]

Interesting to see, but how do you know that he was drunk?

[faceoff97]

Over the years, HODL evolved from just a meme into a mentality that many Bitcoiners live by.

Is this good? Is it bad?

I don't have the answer, let's discuss.

Origin of HODL:



Edit: here's the actual bitcointalk thread where the meme was born.

This Hodl meme got even resulted to a multi open source wallet called "HODLER". People got hooked to it and even decided to Hodl in longer term or period of time. Hodling is still good to practice since price is still low compared to it's reached peak. Hopefully we can expect the price to recover and got even higher soon.

[Jocuserious]

It's good or bad Can not take full sense but in my opinion Holding can get many profits afterwards.One thing we can notice If we buy any currency with a higher price,and We should wait for this until we get a good profit.so keep check your calculation your currency buy and how need profit.

[ethereumhunter]

It's good or bad Can not take full sense but in my opinion Holding can get many profits afterwards.One thing we can notice If we buy any currency with a higher price,and We should wait for this until we get a good profit.

Yes, no matter how long the time will come, the hold will give you a big reward. Maybe it is hard to do, but if you are okay to see the price is not good to sell, then you don't have to feel sad, and you will only think that this is the best time for you to buy more and more asset so when the price increase later, you can make a lot of profit. Don't listen to other people opinion because they are not always right and you will need to stay calm to see that.

[pooya87]

Regardless of how and when the term HODL was invented, in my opinion it's a good thing and is recommended.
HODL is not something new, it's a concept that existed in every market for decades and is also inherited by cryptocurrency market. HODL strategy is for investors who are looking to invest for longer duration of time.
Warren Buffet (greatest investor of all time) Quotes on patience (HODL)

you (like many others) are missing the very important first step that comes before "HODL" and that is choosing a wise investment that actually has a long term potential. bitcoin has that but unfortunately people think because bitcoin has that kind of big long term potential, so should altcoins. but the fact is majority of altcoins are an illusion that aren't even going to last in the short term let alone long term. as we have seen in the past 10 years as they come and go very often.

[xWolfx]

I think it is a split whether it is good or bad. Some people ended up having a huge profit while other just started investing in cryptocurrency just after the boom of bitcoin that is why theyre not really earning a lot up to this time.

Bro, if you're a true hodler it's not over yet. This is only the beginning.

I'm slowly working my way towards becoming one, i personally enjoy that style of investment a lot more so i can focus on other things while the passive income comes. That is precisely what a lot of successful people like Warren Buffet recommends in fact.

Holding is extremely good for Bitcoin because at the end you end up helping sustain the technology that will shape the future.

[Jocuserious]

It's good or bad Can not take full sense but in my opinion Holding can get many profits afterwards.One thing we can notice If we buy any currency with a higher price,and We should wait for this until we get a good profit.

Yes, no matter how long the time will come, the hold will give you a big reward. Maybe it is hard to do, but if you are okay to see the price is not good to sell, then you don't have to feel sad, and you will only think that this is the best time for you to buy more and more asset so when the price increase later, you can make a lot of profit. Don't listen to other people opinion because they are not always right and you will need to stay calm to see that.

Absolutely you are right,I don't get any fell for another person opinion.Because I'm in here the crypto market before 4-5 years completely.so I know that what time better for me and what time bad for me.in fact totally I agree now hold better for me because I don't want any lossing my money.so I know one day will back the crypto market.