HODL HODL HODL

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HODL HODL HODL

HODL – A world intentionally spelled wrong to describe the holding of cryptocurrencies throughout a steadfast drop. It can also be an acronym for “Hold On for Dear Life.” This word has been the conversation topic of many in the recent days.

 

After South Korea and China’s announcement of strict, low-tolerance on the cryptocurrency market, the once hot e-money has plummeted tremendously. The news made millions of people freak out – and with good reason. Some risky investors have put their life savings into their accounts, hoping to become the next millionaire by doubling and tripling their money.

 

Hodlers are able to stay somewhat calm, however, with the belief that the world will soon be dependent on these intangible money. The idea is to hodl even through the rough times because they will once again gain the victory of increases in the crypto’s value.

 

After all, you haven’t “lost” anything if you haven’t “sold” anything!


3 Comments

Lauren Klauss

Lauren Klauss

January 17, 2018at 9:10 pm

I recently heard a presentation about crypto-currency and I thought the idea was very interesting but seemed risky and a little to technologically dependent for me. I also read that crypto-currencies are like the stock market in that they can change in an instant to either benefit or hurt you immensely. Very interesting topic, though I hope the world doesn’t become dependent on this type of currency.

Roy Lavi

Roy Lavi

January 17, 2018at 9:51 pm

Recently saw the markets completely crash. As a holder, I was somewhat worried that the prices wouldn’t go back up, especially since the market is so volatile. It’s crazy to think how the news channels are able to make the prices change so suddenly through a simple article or comment. It seems that they’re going back up, which is good, but you never know what’s going to happen next!

Voshon Ramcharan

Voshon Ramcharan

January 18, 2018at 12:18 pm

I have watched a documentary on Bitcoins, which I’m assuming is somewhat like HODL. I think the idea is very interesting and not having a currency governed by a central bank that controls the money supply gives the freedom back to individuals. Bitcoin has made strides in giving consumers the ability to dictate currency changes and because it is all logged on computers world wide there’s very little chance of it being hacked. With all cryptocurrency there is some concern, but having a centralized bank, especially one run by a group that is not actually apart of government like the Federal Reserve, has always been a concern for me.

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