During the last couple of days, there have been an outcast in the market: Chaincoin. (CHC) While all the cryptos are shrinking in the market, Chaincoin have been traveling to the moon.
If you were to bet on Chaincoin, on 6th of July, at 0.05 cent, you would have probably made about 14x for now.
People behind HODL movement made a deliberate decision to invest in Chaincoin altogether.
The HODL movement started after Youtuber HighOnCoins talked about HODLing onto CHC. And the movement grew and grew.
As you can see in the charts, they HODLed strong and still HODLing. It's been a few days since they started. And more people are joining the movement.
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We are just experiencing the first days of HODLing communities. They achieved a rare success, and if they can continue to HODL, they can create a revolution.
If HODLer communities thrive, I think that we will see much more interesting events.
In the future we might see:
- A bunch of various HODLer communities in existence
- Different HODLer communities will help each other's investments
- Less volatility and risks for coins who get trusted HODLer communities' support
If they make everything right, HODLer communities can help great technologies gain more funds, support, and traction.
In the meantime, it's important to always think about the risk factors too.
What's your thoughts on HODLer communities? Do you think they will thrive? Or will they hit walls?
Chaincoin is where it's at. Buy and HODL! Get your master nodes!
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Everybody jump onboard the HODL-train! Let's HODL until we reach the moon, and change the way people view value in cryptocurrency! This isn't about chaincoin, it's about making people see value in ALL the altcoins!! It's time for the cryptorevolution!
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I wish my coins had hodlers but they are weak
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HODL will not work over the long term, simple economics. If everyone agrees to never sell, eventually the incentive for one party to cash out and sell everything will be too big.
In the start this is okay because people can just buy said party's share, but eventually there is no money left to buy for and then the bubble collapses.
This is the reason why a duopoly in the normal world would never work over the long term. At some point the incentive to break the agreement, dump the price and take all the customers is too big.
I would stay away, there is going to be some bagholders.
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It will work since people don't ever have to sell coins as they can get residual income from masternodes.
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I see that on Chaincoin this became a huge success. But on a different example we might see whales entering and dumping on people, causing massive panic to make even people with masternodes panic sell. Do you think that's a possibility? I am really wondering about it. Because if risky issues get solved, these communities will bring huge benefits to the cryptocurrency market, and blockchain technologies in general.
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The incentive not to cash out is the masternodes. They earn you an income, yet your investment retains it's value.
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That sounds like a risky prospect, you'd still need to sell the income from masternodes to cash out. It's hard to inflate the price above the market value over long term. But we'll see :)
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This post received a 2.7% upvote from @randowhale thanks to @arcturian! For more information, click here!
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This post has received a 3.58 % upvote from @booster thanks to: @arcturian.
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HODLer's unite! This is amazeballs peeps. If we grow this community it'll save legit projects and the market. THY SHALL HODL. #chaingang #homelesshodlsquad. Communitize thy neighbor follow hodlers. Go...I said GO!!
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