Apr 16, · HODL On: In Defense of Bitcoin’s Best Strategy Steven Hopkins is chief operating officer and general counsel of Medici Ventures, an allcryptocoins.de subsidiary focused on the advancement of blockchain Author: Steven Hopkins. Aug 16, · During this moment in the Bitcoin market, with the price surging over the past three months, there is a notable shift in the hodling market. A recent report by Chainalysis stated that North American investors are opting for a “conservative buy and hold strategy,” especially compared to their eastern counterparts. Oct 21, · Bitcoin billionaire and founder of venture capital fund Social Capital Chamath Palihapitiya is sharing his strategy for attaining financial freedom. and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment.
Bitcoin hodl strategyHODL Definition
This year has seen intense regulatory pressure on cryptocurrencies and its time we stop pretending that HODL was stupid. Hard hats via Shutterstock. Buy and HODL.
HODLing works Still, empirically, even in volatile assets like bitcoin, carefully choosing an asset and holding long-term positions has proven to offer the best return. Long-term investment in quality assets remains the only reliable investment strategy. Simply put, HODLing works. Trading is no solution for intelligent people. What we need are new ways to use cryptocurrency. Read more about Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.
CoinDesk is an independent operating subsidiary of Digital Currency Group , which invests in cryptocurrencies and blockchain startups. Market Wrap. Ripple Effect. Year in Review What is undefined? Understanding this and the way blockchain technology allows for it would give you the tools to better be prepared to hodl.
Hodling Bitcoin is a strategy that focuses on the long term and avoids paying close attention to fluctuations that take place in the short term.
For instance, you do not need to depend on a centralized authority. In traditional finance, a central authority would give you permission to send the money that you own and that you worked very hard to earn. While governments excerpt their power through financial institutions, Bitcoin gives you real freedom.
No government, politician or financial institutions could reject, stop or block a transaction on the Bitcoin network. The funds move freely due to the way in which the network was created and designed.
When Bitcoin was created, Satoshi Nakamoto, the creator of Bitcoin, included a message in the Genesis block. The message was the title of The Times newspaper during the crisis of dated on January 3rd.
Europe and the United States were hit hard and many banks were rescued by governments to avoid further problems. Nonetheless, the crisis was created by the own system based on irresponsible monetary policies over the last decades.
The recent halving event that took place in May , has also included another message in the last block of the third halving generation. Governments and financial institutions pass but things remain the same due to the unrealistic and centrally planned monetary policy. Hodling Bitcoin is a good way that you have in order to keep updated with the latest trends that take place in the blockchain industry. By being a Bitcoin hodler, you will be able to remain an active participant in the market without being worried about the price fluctuations that take place.
Rather than getting nervous and analyzing the charts on a daily basis, you would be able to follow the real developments that take place in the crypto and blockchain industries. Despite price drops and bear markets, companies continue to invest in the long run. These are the firms and startups that we should pay close attention to in order to understand how the industry is evolving.
Hodling will definitely be a good way to reduce the stress you may have when handling cryptocurrencies. You know that you are paying attention to the developments taking place in the industry rather than focusing on the price drop. Remember, you are here for the long term, not a trader, which is a different activity and strategy.
One of the interesting things about hodling Bitcoin is related to the fact you can start playing an original HODL game. The name of this game is Hodl: The God of Crypto and it would be a great way in which you can hodl your funds but getting some emotion as well.
We are starting to create financial increments attached to everything that you can imagine. It used to be the case that you would only buy sneakers.
As for his stance on Bitcoin, Palihapitiya he says he remains bullish on the number one cryptocurrency. Please check your inbox or spam folder to confirm your subscription. Thank you. What Is Blockchain?