To Sell Or Not To Sell… Hodl

By Nas.A | Journey To The Cryptocurrency Ocean | 9 Nov 2020

To Sell Or Not To Sell… Hodl

Actually, "hold" means holding, not selling.

The term HODL is a term made famous in 2013 when a user named GameKyuubi on the bitcointalk forum accidentally shared a post. In the forum "I’AM HODLING!" He shared his post with the topic and wrote that he would keep the Bitcoin he owned despite the very serious decrease in the market.

Since then, this misspelled term has become very popular in the Bitcoin and cryptocurrency world.

The main point that HODLers should pay attention to is to understand blockchain technology and to follow the market closely.

IntoTheBlock

"We can see that the number of Bitcoins that haven't moved for more than 5 years increased from 3.6 million BTC in April 2019 to 3.95 million BTC in April this year."

The disadvantage;

It is to miss the opportunity for short-term gain. In some periods, Bitcoin and altcoins can experience sudden increases and decreases, albeit for a short time. Those who make short-term trades can take advantage of this situation and make quick profits. Another disadvantage of HODL is that the stock market is not followed, so it gets away from the market after a while.

This community has manifestos consisting of 8 items.

A true Holder;
It does not sell cryptocurrencies.
It buys from the bottom.
He does not listen to fears, doubts and uncertainties.
It does not keep cryptocurrencies on exchanges.
They do their shopping with crypto money.
Speaks positively about cryptocurrencies.
It does not distract from the markets.
Runs Its Full Node.

Result

I respect these people. Cryptocurrencies (Number One BTC), which are an important part of Blockhain technology, have a role in their development, valuation and being a part of our lives. The knowledge I gained from my research to write this article impressed me. As I always said, Listen to everyone, decide for yourself...