#HODL is a term derived from a misspelling of "hold" that refers to buy-and-hold strategies in the context of #bitcoin and other #cryptocurrencies ⛓💲🪙⛓💲🪙⛓💲🪙⛓ The term HODL (or hodl) originated in 2013 with a post to the #bitcointalk forum. The price of bitcoin had surged to a high of over $1,100 at the beginning of December 2013 from under $15 in January 2013 . In the 24 hours to 10:00 a.m. UTC, Dec. 18 – possibly in response to reports of a Chinese crackdown – the price of bitcoin fell 39%, to $438 from $716, according to CoinDesk's bitcoin price index. What is HODLING? #GameKyuubi posted "I AM HODLING," a drunk, semi-coherent, typo-laden rant about his poor trading skills and determination to simply hold his bitcoin from that point on. "I type d that tyitle twice because I knew it was wrong the first time. Still wrong. w/e," he wrote about the now-famous misspelling of "holding." "WHY AM I HOLDING? I'LL TELL YOU WHY," he continued. "It's because I'm a bad #trader and I KNOW I'M A BAD TRADER. Yeah you good traders can spot the highs and the lows pit pat piffy wing wong wang just like that and make a millino bucks sure no problem bro." He concluded that the best course was to hold, since "You only sell in a #bear market if you are a good day trader or an illusioned noob. The people inbetween hold. In a zero-sum game such as this, traders can only take your money if you sell." He then confessed he'd had some #whiskey and briefly mused about the spelling of whisk(e)y. . ⛓💲🪙⛓💲🪙⛓💲🪙⛓💲 (at Las Vegas, Nevada) https://www.instagram.com/p/CQCNwIPNuY6/?utm_medium=tumblr
