Whats does Holding mean in DeepOnion and Cryptocurrencies.

in deeponion •  7 years ago 

In the world of Cryptocurrency, the word Hold expresses the action of safeguarding the capital invested in a Cryptocurrency determined for a long time, like our dear $ONIONS.

A historical good example of Holding is when someone has kept good amounts of Bitcoin or Ethereum for an important period of time, in all that time the prices increased considerably and when he least notices, he will have become a millionaire, just for not selling his Cryptocurrency at that time.

Starting from that example and how rewarding it can be, its normal to find the expression to the moon in reference of fans to a certain platform or project based on Blockchain, where it is hoped that your token or currency wakes up, leaving the stationary trend They tend to show in order to increase their value and consequently their wealth.

The adoption of a cryptocurrency by an industry, economic sector or government for its use for a specific purpose; its alliance with a more solid platform or with longer operating time; or its acceptance by a financial system or banking network are often cause for euphoria and therefore the coveted "takeoff" of the price, which can make many people to millionaires instantly.

So don't worry if prices are low now, remember that in a few months’ things can change and you could take a pleasant surprise so keep holding!

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!