For the newbies in the cryptocurrency market - me included :) - I want to introduce you to the term HODL and how it was born. Basically its meaning is same as HOLD and refers that in moments of crisis when the market goes down, you should stay strong and wait for the storm to pass. But, let's here the funny story that was born when a trader posted on BITCOINTALK forum during a market downtrend and with some whiskey on board his position regarding it. As the story speaks by itself I will let you enjoy it without any other comments.
The post he entitled it “I AM HODLING” and it remains memorable and in use by all traders. Following is the text sustaining his strong position.
“I type d that tyitle twice because I knew it was wrong the first time. Still wrong. w/e. GF's out at a lesbian bar, BTC crashing WHY AM I HOLDING? I'LL TELL YOU WHY. It's because I'm a bad trader and I KNOW I'M A BAD TRADER. Yeah you good traders can spot the highs and the lows pit pat piffy wing wong wang just like that and make a millino bucks sure no problem bro. Likewise the weak hands are like OH NO IT'S GOING DOWN I'M GONNA SELL he he he and then they're like OH GOD MY ASSHOLE when the SMART traders who KNOW WHAT THE FUCK THEY'RE DOING buy back in but you know what? I'm not part of that group. When the traders buy back in I'm already part of the market capital so GUESS WHO YOU'RE CHEATING day traders NOT ME~! Those taunt threads saying "OHH YOU SHOULD HAVE SOLD" YEAH NO SHIT. NO SHIT I SHOULD HAVE SOLD. I SHOULD HAVE SOLD MOMENTS BEFORE EVERY SELL AND BOUGHT MOMENTS BEFORE EVERY BUY BUT YOU KNOW WHAT NOT EVERYBODY IS AS COOL AS YOU. You only sell in a bear market if you are a good day trader or an illusioned noob. The people inbetween hold. In a zero-sum game such as this, traders can only take your money if you sell.
so i've had some whiskey
actually on the bottle it's spelled whisky
w/e
sue me
(but only if it's payable in BTC) ”
So, what it remains for us investor to do while market storm is just to ... HODL... HODL... HODL!
Sourced from:
https://bitcointalk.org/index.php?topic=375643.0
nice post
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Especially for new "investors" like me who have no idea what they're doing and can't spot the most subtle signal in a chart... I've done all common errors like buy in FOMO and $h1t so from now on I'll just gonna HODL
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good luck to you bro
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Thanks mate, so to you!
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