Bitcoin Hodler (Holder)
As a Bitcoin Hodler, with the price of Bitcoin lower and the market bearish, I’m often asked by nocoiner friends if I’m “worried” about my investment. This is probably to be expected, but I find it strange that they don’t ever ask me if I’m worried or concerned when the price of silver or gold goes down – or whether I’m worried about stocks I might hold that go down. In fact, investment holdings go up and down all the time and the cryptocurrency market is no different in that regard. What is different, I suppose, is the percentage of the rise and fall – which is very volatile. It is that very volatility that I like about the crypto-market, at least for the time being. Why? #1 Because it allows the opportunity to buy low and sell high to keep increasing my holdings. #2 Because I believe the price of Bitcoin will skyrocket once mainstream adoption occurs.
An “on purpose, kinda” misspelling of “hold” – first coined in the altcoin sphere in 2013 & later said to imply “Hold On for Dear Life”. It reinforces the financial concept that you don’t sell in a Bear Market. You ride it until the bitter end, or the price comes back up. (Hint: Crypto prices usually comes back up.)
The fact is, cryptocurrency technology is in the early stages and these tremendous highs and lows continue to offer early adopters the opportunity to acquire more Bitcoin without having to lay out more cash to do so. I am not an experienced trader, so my trades are very conservative, but they have been very lucrative. I do have cryptocurrency (Bitcoin and Ethereum) being traded on my behalf by experts as a member of Titan Trade Club
, and it consistently adds to my stack. As a bitcoin hodler, I am very happy with the results of membership – and am accomplishing my goal which is to acquire without spending more fiat cash to do so. I did try two other similar ventures that did not turn out as well as Titan membership, but I’m still very much “in the green” on my investments.
Bitcoin Hodler Trends to Watch
Yesterday, the Lightning Network Daemon (styled ‘lnd’), which enables easy access to LN for developers, represents the first mainnet beta release for the technology, which is believed to revolutionize Bitcoin’s use as a currency. This beta release is also the first release of lnd that has an option to run on Bitcoin’s mainnet, with the necessary safety, security, and fault-tolerance features required for real-world, real money usage. Ind is backed by computer giant Microsoft and some of the Bitcoin industry’s best-known individuals such as Twitter CEO, Jack Dorsey, Tesla and SpaceX angel investor Bill Lee, Robinhood co-founder Vlad Tenev, and Litecoin creator Charlie Lee. Blockstream CSO Samson Mow continues their bullish take on Lightning also. Lightning still has to grow and mature, but those developers building wallets and other Lightning applications see this as the true beginning of the layer-two payments network. It is not recommended users put large amounts of money into the system quite yet, as this release is mainly for developers and more advanced users who have no problem with command-line interfaces. But it is the start of big things to come!
As the general public continues to become aware of emerging blockchain and cryptocurrency technologies and their potential, more and more people are becoming involved. The December 2017 explosion of new participants in the crypto-space forced many exchanges to close their doors to new users because of server accommodation constraints and lengthy verification processes. The boom was just a small blip on the radar compared to what the future may hold, and gave service providers a heads-up as to exactly how unprepared they are if/when cryptocurrency really takes off!
It has long been discussed that Wall Street’s eventual decision to adopt cryptocurrency will have massive market implications. The larger financial institutions stance on cryptocurrencies is closely viewed as a probable indicator of growth and wider adoption. With more and more major players in the space learning about cryptocurrencies, like Goldman Sachs and JP Morgan, the question is not if they will invest, but when will they invest.
These and more major developments regarding blockchain technology, cryptocurrency regulations, and public adoption are sure to increase in 2018. This is why, as a Bitcoin hodler, I plan to stay informed, continue to acquire, and HODL as crypto continues to emerge and mature. And no – I am not the least bit worried or concerned about my investment. I’ve not invested more than I can afford to lose, and the potential reward is well worth the risk 🙂