You cannot read about cryptocurrencies without coming across the term HODL seemingly every other sentence.
What a ridiculous term.
Way too many so called cryptocurrency "investors" are absorbed in the day to day noise of the markets, proudly calling themselves HODLers yet freaking out at every correction.
By definition the vast majority of "investors" join the masses and become panicked sellers once the market reaches the blowoff phase, psychologically unable to "hold on for dear life".
Remember this: The majority is always wrong.
And a lot of self proclaimed HODLers are part of the majority.
A big part of the crypto crowd thinks in days or weeks when 3-5 years should be considered medium term.
And of course during every little bull run and subsequent correction you get gems like this:
I personally think this type of discussion promotes profit's in the industry. Advising beginner's to HODL is like telling someone to invest in a Potato Fund, leaving all the day work and trade's to those who understand. On the other hand, I do agree that there has been an influx in "Dumb Money" in the industry promising large ammounts of revenue in short periods of time. People need to be realistic in there expectations and treat this the same way you'd treat any forex investment etc etc
Funyn! I want to add 'to the moon' and price prediction questions as most annoying forum posts.
You forgot the lambos ;)
Lambos for all!
I consider myself a HODLer. Haven't sold a single coin since I got in the game.
I even adjusted my dating strategy according to crypto lingo!
https://steemit.com/meme/@valderrama/dating-when-you-re-a-big-shot-crypto-investor
🤓
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STOPI guess a minus 13 reputation speaks for itself.