HODL On: In Defense of Bitcoin's Best Investment Strategy

In 1987's Black weekday securities market crash, Sam Walton, the world's richest man, lost over 0.5 a billion bucks during a few hours.

When reached for comment, Walton same, "It's paper anyway. As way as i am involved we're focusing whole on the corporate doing well and taking care of our customers."

He did not care regarding dollars; he cared regarding his quality Wal-Mart, and he still in hand that.

History of the #HODL
In bitcoin's volatile and roller coaster past, "HODL" was the culture that certain the cryptocurrency community along. It stood for the proposition that we tend to all believe the long run of bitcoin. It's each funny and perceptive.

Here is that the original post by GameKyuubi on a Bitcoin speak forum (spelling errors and vocalization included):

I AM HODLING

I kind d that tyitle double as a result of I knew it absolutely was wrong the primary time. Still wrong. w/e. GF's out at a lesbian bar, BTC fucking WHY AM I HOLDING? i am going to TELL YOU WHY. It's as a result of i am a nasty dealer and that i grasp i am a nasty dealer. yea you sensible traders will spot the highs and also the lows pit pat piffy wing wong wang similar to that and create a millino greenbacks positive no downside bro. Likewise the weak hands area unit like OH NO IT'S taking place i am GONNA SELL he he he then they are like OH GOD MY ASSHOLE once the sensible traders UN agency grasp WHAT THE FUCK they are DOING repurchase in however you recognize what? i am not a part of that cluster. once the traders repurchase in i am already a part of the market capital thus GUESS UN agency you are CHEATING day traders NOT ME~! Those taunt threads speech "OHH you ought to HAVE SOLD" yea NO SHIT. NO SHIT I ought to HAVE sold-out. I ought to HAVE sold-out MOMENTS BEFORE each SELL and purchased MOMENTS BEFORE each purchase however you recognize WHAT not a soul IS AS COOL AS YOU. you simply sell during a exceedingly|in a very} securities industry if you're an honest day dealer or an illusioned noob. The folks inbetween hold. during a game like this, traders will solely take your cash if you sell.

so i've had thusme hard drink

actually on the bottle it's spelled whiskey

w/e

sue me

(But providing it's due in BTC)

It was not regarding bitcoin versus bitcoin money or one,000 different cryptocurrencies. it absolutely was bitcoin vs. the planet and that we ALL embraced it.

It solely took eleven minutes for this post to become a culture that became the rallying postulate the complete crypto world. we tend to were all on constant rollercoaster ride and GameKyuubi, within the depths of his frustration, had (sort of) elegantly articulated each what it looks like and also the best commerce strategy for associate degree quality this volatile.

Buy and HODL.