The next time you see HODL in a statement, think of it as "holding tight to hope," an expression of hope that a project looks promising and will rise significantly in value with time. ![]() So it has its contextual use case in both bearish and bull markets. While it might come to mind in worse scenarios, crypto-coiners might decide to HODL with a cryptocurrency or NFT-whether promising, successful, or glaring that it's probably going down the drain. Thus, investors use HODL as a symbol of loyalty to a project. Those with diamond hands are still HODLing today, despite Bitcoin's price falling since that high. Most experienced investors tend to HODL during a bull market with the hope that it'll climb further in the future.įor example, some investors decided to HODL with their Bitcoin despite its all-time high, up to 65,000 USD in 2021. You might even use it during a bull market (a steady rise in market value). It might also express high hopes for a new project's future. HODL claims it is the highest-paying reward token on the Binance Smart Chain Network (BSC). The best way to take advantage of this opportunity and maximize your returns is to have some fiat firepower, to make purchases on the day that the markets tank, by trading your assets as they approach or reach new highs, and by remembering not to HODL.Using HODL doesn't translate to a fall in value in some instances. ![]() In other words, we are approaching a day like March 16, 2020, in the chart above, a day that will arguably be the best trading day of the year to buy digital assets. Many economists are expecting interest rates to rise until something in the economy “breaks,” it is hard to predict which part(s) of the economy will break, but there is consensus around the idea that the United States economy is on the road to recession.īefore we enter a recession, we are likely to see risk assets drop by double-digit percentages. HODL to USD price is updated in real-time. It is the entity behind the HODL token, a community-driven digital currency that can act as a. The Federal Reserve has already begun to raise interest rates, quantitative tightening (the Federal Reserve selling the assets on its balance sheet) will begin in the near future, and the conflict in Russia/Ukraine, as well as the Coronavirus lockdowns in China, have the potential to unexpectedly drag money markets down. HODL Price Live Data The live price of HODL Token is 0 per (HODL / USD) today with a current market cap of 0 USD. HODL is a financial services company that was founded in San Francisco, California, in 2021. In the United States, there are economic and political events that are expected to have a negative effect on the U.S. If the majority group is really looking to capitalize on their digital asset portfolio, they will buy digital assets at the lowest price(s) they possibly can and sell them when new all-time highs are reached it does not make sense to continually buy digital assets–especially when the market is falling-unless you are truly a long-term investor or have a goal outside of maximizing returns. The individual that had the highest return bought BTC when it bottomed on March 16, 2020, sold it on the last day of 2020, and made an astronomical return on investment that exceeded 550%.Īlthough the chart above is just a single data point in a sea of information, it shows that HODL’ing coins and tokens isn’t the best strategy for a group of individuals whose primary goal is to earn as much money as possible. To make Hodl Finance the easiest ecosystem to be part of, we implemented the reflection mechanism in our HFT token. Although this individual experienced a return on investment of over 300%, they had the second-worst return on their investment amongst the four data points in the chart. The chart above shows us four different trading timeframes for BTC row 1 represents an individual that held BTC from January 1, 2020, and sold on the last day of 2020. Source: Arthur Hayes Medium post, Maelstrom ![]() There are very few trading days in a year that actually matter. The majority group is incentivized by the potential they have to make money, and since money is their motive, it doesn’t make sense for them to HODL for long periods of time. ![]() There is a population of users that are genuinely interested in the technology and the innovation it can introduce into the world, but, unfortunately, that population is much smaller than the group of people who are buying coins and tokens because they believe they will appreciate in price. Blockchain enthusiasts use to tell the world to HODL every time the price of digital assets dropped or plummeted, but now, it seems like the HODL strategy has been retired.īut why? To answer this question, we need to take a look at why a majority of digital asset owners hold digital assets: speculation. I have not heard or seen the word “HODL” in quite a long time.
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