What is hodl bitcoin

Some traders aren’t sure history will repeat itself. We know you have what it takes. Partner Links. People will make this reference when they believe that the particular cryptocurrency will have a long term gain.

What Does HODL Mean?

For example: If you received a bitcoin payment in Blockthen you should hold it until blockand see whether or not it has a higher fiat what is hodl bitcoin than in blockAs far as we have been able to observe, every single satoshi that has ever been mined or transacted has a higher fiat valuationblocks after it was mined or transacted. The primary reason why Bitcoin has value is because it is scarce digital money. What makes Bitcoin scarce is the block reward halvening that takes place everyblocks which is what is hodl bitcoin every 4 years. Everyblocks, the number of newly mined bitcoins is cut in half. This sort of math controlled inflation is what makes the supply of bitcoin predictable.

Definition

In this guide, we’ll describe how to create a healthy, utility-based Bitcoin economy and why the «hodl» mentality is seriously flawed. What is HODL? This mantra encourages users to «never spend» and «never sell» their BTC. It originates from a drunken post which mistakenly misspells the word «hold. While well intended, this cautionary plea for users to consider the long-term growth potential of Bitcoin ironically degenerated into a «never use Bitcoin, ever» attitude which is extremely harmful to the growth potential of the cryptocurrency. The title page of the Bitcoin Whitepaper shows that Bitcoin is primarily a currency and not a speculative asset.

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One day I decided I would become a cryptocurrency day trader. In that quest, I joined a trading chat room on Telegram. There, I was surprised to see that I was not able to understand any of their conversations.

Then I asked my good friend Google…. From there, I learned about all these what is hodl bitcoin, and I was finally able to understand the conversations in the Telegram group.

What is hodl bitcoin these crypto communities, offline or online, with the rise of cryptocurrencies, a new breed of lingo has also developed.

If you join a crypto-conversation without knowing these jargons, you might feel left out and more than a bit puzzled. From the look of the post, he was drunk and wanted to convey the fact that he was holding his BTC despite the serious fall that had just happened. Since then, this misspelled term became very popular in the Bitcoin and cryptocurrency world.

Fear of missing. It means the fear of missing out on the profit which might result from an investment or a decision. The Wiki definition — A pervasive apprehension that others might be having rewarding experiences from which one is absent. All time high. This means that the price of a certain cryptocurrency or coin has broken all of its past records and is trading at the highest price it has ever achieved. This is a term borrowed from the Wall Street people. This is a term borrowed from gambling people.

This is an investor or a trader who has been holding or hodling for too long on a particular cryptocurrency and now has to face the consequences of that decision. This term refers to a trader or investor who is utterly ruined and destroyed with losses from the current downfall of a price.

This refers to a cryptocurrency public address or key. Fear, uncertainty, and doubt. This term usually refers to investors who are unsure of the potential of a situation. A deliberately distorted way of referring to China. As China is a country which is immensely influential in the Bitcoin space, it has largely dominated mining and trading activities. Disclaimer: These terms are all used for fun and humor. I have collected them from the internet and chat rooms via various resources. Know some more common crypto jargons that I can add to this list?

Let me know about them in the comments below! Like this post? An international speaker and author who loves blockchain and crypto world. After discovering about decentralized finance and with his background of Information technology, he made his mission to help others learn and get started with it via CoinSutra. Your email address will not be published.

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Understanding The Block Reward “Halvening”

Hodl has gotten iconic to the point that it has been used in mainstream media as such as Forbes, The Guardian and many. Related Articles. This is a term borrowed from the Wall Street people. The Wiki definition — A pervasive apprehension that others might be having rewarding experiences from which one is absent. They are likely boosting long-term sentiment by providing custody options for digital assets, experts told CoinDesk. His post is as follows:. Bitcoin Exchange Definition A bitcoin exchange is a digital marketplace where traders can buy and sell bitcoins using different fiat currencies or altcoins. Alphabet Inc. Your Practice. When you put it that way Added to your cart:.