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Topic: The HODL meme and its impact on Bitcoin (Read 643 times)

pask777 (OP)

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The HODL meme and its impact on Bitcoin

February 16, 2019, 12:05:39 PM

Over the years, HODL evolved from just a meme into a mentality that many Bitcoiners live by.

Is this good? Is it bad?

I don't have the answer, let's discuss.

Origin of HODL:

Edit: here's the actual bitcointalk thread where the meme was born.

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btc_angela

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Re: The HODL meme and its impact on Bitcoin

February 16, 2019, 12:16:26 PM

Here is a good thread to read The HODL strategy is not actual. That thread was opened April of 2018, I check the current google trend and it looks like this:

I guess we can see the answer on the graph.

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Lagonda

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Re: The HODL meme and its impact on Bitcoin

February 16, 2019, 12:42:52 PM

Quote from: pask777 on February 16, 2019, 12:05:39 PM

Is this good? Is it bad?

I don't have the answer, let's discuss.

The "HODL" itself is neither good or bad. It's just for fun.

If you refer "HODL" to a strategy, for example "Hodl to die" then many people died in the previous down trend market.

solarion

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Re: The HODL meme and its impact on Bitcoin

February 16, 2019, 01:04:34 PM

Quote from: Lagonda on February 16, 2019, 12:42:52 PM

Quote from: pask777 on February 16, 2019, 12:05:39 PM

Is this good? Is it bad?

I don't have the answer, let's discuss.

The "HODL" itself is neither good or bad. It's just for fun.

If you refer "HODL" to a strategy, for example "Hodl to die" then many people died in the previous down trend market.

At the same people hodl and sold in the peak time also be made huge amount of profit on investing bitcoin. I am not sure about other coins but bitcoin and ethereum will not make you to face failure.
I support this meme. May we can try some funny meme to make people attracted towards it.

UNOE

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Re: The HODL meme and its impact on Bitcoin

February 16, 2019, 01:12:13 PM

I hope that we will need cryptos in real life more than in previous years.
If you do not use them, and almost nobody use them, then what is the point?
I know that Bitcoin seems like a good store of value, but other cryptos needs other use cases than pure speculation.

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Cryptopher

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Keep it dense, yeah?

Re: The HODL meme and its impact on Bitcoin

February 16, 2019, 01:18:21 PM

December 18th 2013, damn those were some dark days - I remember moving between Bitcointalk and btc-e trollbox, so many people were despairing.

I enjoy HODL as a meme, but I wouldn't recommend it to anyone who has bought in near the peak of the hype.

cfif123

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Re: The HODL meme and its impact on Bitcoin

February 16, 2019, 01:43:03 PM

Quote from: Lagonda on February 16, 2019, 12:42:52 PM

Quote from: pask777 on February 16, 2019, 12:05:39 PM

Is this good? Is it bad?

I don't have the answer, let's discuss.

The "HODL" itself is neither good or bad. It's just for fun.

If you refer "HODL" to a strategy, for example "Hodl to die" then many people died in the previous down trend market.

I have met a lot of memes that relate to bitcoin, one of them is HODL, but I believe HODL is a way to stabilize bitcoin from various current economic problems.

mindrust

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Re: The HODL meme and its impact on Bitcoin

February 16, 2019, 01:47:21 PM

If you HEDL your coins since the day HODL meme was posted, you would have made 25x profits just by doing nothing, I mean HODLing.

No trading, no work, no study. You just had to HODL and whatever amount you put that day (18 Dec 2013) on bitcoin, would be 25 times bigger today.

So yes, HODL works.

It is a no brainer strategy for everybody.

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gabmen

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Re: The HODL meme and its impact on Bitcoin

February 16, 2019, 04:50:07 PM

Not good, not bad, no major effect for me. It's a term used for within the crypto community and there are even users who don't place too much attention to the terminologies being used.

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BrewMaster

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Re: The HODL meme and its impact on Bitcoin

February 16, 2019, 05:24:50 PM

#10

i disagree. "HODL" is still a meme, nothing more, nothing less. if it was actually affecting people's mentality more than anytime else then price would have never dropped this low!

so nothing has changed. people are still the same and making the same decisions. some are making long term investment in bitcoin because they see the potential and since they don't like speculating and don't like trading they decide to instead "HODL".
if you call that change of mentality and impact of meme then so be it.

There is a FOMO brewing...

MiguelCryptoss

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Re: The HODL meme and its impact on Bitcoin

February 16, 2019, 05:32:05 PM

#11

Though the term "HODL" is usually been used for those who are patient enough inline with Bitcoin on a long term deal. HODL has negative impact on those who cannot wait patiently but has positive impact on those who stood to wait for a long term even in the bear market.

HODL itself work for me last years back and am proud to be associated with the term any time any day.

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Re: The HODL meme and its impact on Bitcoin

February 16, 2019, 05:36:18 PM

#12

Base from my personal experience it's very good. People blaming HODLing mentality for losing a lot and they don't think that it's very suitable from them. But I have my own experience and I'm going to lean on it, I may have lose some and win some but most of the time it has been more positive to me. I have my bad days with holding and also felt regret with it but definitely will never stop doing it. HODLING isn't also for everyone just like what we are saying about investing.

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Re: The HODL meme and its impact on Bitcoin

February 16, 2019, 06:24:00 PM

#13

Have you seen all parts of the game of thrones? you will understand exactly where this word came from to the last sections. What is your name? HODOR what? HODOR -----> Hold The Door, Hold Door HolDoor HoDORL HODL Cheesy

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Re: The HODL meme and its impact on Bitcoin

February 16, 2019, 06:46:08 PM

#14

Quote from: btc_angela on February 16, 2019, 12:16:26 PM

Here is a good thread to read The HODL strategy is not actual. That thread was opened April of 2018, I check the current google trend and it looks like this:

I guess we can see the answer on the graph.

Hold isn't Holding! lol.

I think I'm not the only one who thinks in Spartans when we talk about hold. Did someone thinks about these images too?

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Re: The HODL meme and its impact on Bitcoin

February 16, 2019, 06:59:51 PM

#15

Hodling is a great strategy if you started years ago when the term was really popular. If you got your Bitcoins below 1000 dollars you are in a great shape and will profit from hodling anyway. Should you choose hodling or trading if you bought cheap? I would recommend hodling because you don't risk anything by doing it. You are earning money anyway from altcoins that are given to Bitcoin holders like BCH, SV, BTG and many other and you're not selling for fiat and don't have to pay taxes and worry about the price.

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Re: The HODL meme and its impact on Bitcoin

February 16, 2019, 08:19:51 PM

#16

It was more media fun than a real stuff. I don't think that the HODL meme had any real impact on the Bitcoin, because serious people and serious money are not motivated from a single meme. I like it, but my decision are money driven.

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Re: The HODL meme and its impact on Bitcoin

February 16, 2019, 08:31:08 PM

#17

Quote from: QueenVera on February 16, 2019, 05:11:23 PM

Some people say hodlers are losers in the bear market while traders are gainers therefore it is a thing of choice to Hodl or Trade but I prefer to BUIDL to any of the previous two mentioned.

Agree with your opinion because issues of HODL are not just meant for fun rather they are made for those who strongly believe the power of HODL even in the bear market. Hodling is more rewarding than trading....my opinion.

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Re: The HODL meme and its impact on Bitcoin

February 16, 2019, 08:47:46 PM

#18

It became a plague but also have been helpful for some.
But let us not make it so serious. It is made just for fun.

The bad thing about it is traders also use it for their own good. How? Trolling a chatbox using HODL and some newbies will believe it as their coins becomes dust.
And vice versa for the good thing.

As for bitcoin I dont think they are pushed to hold their btc just for a mere drunkard HODL word.

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Re: The HODL meme and its impact on Bitcoin

February 16, 2019, 10:15:47 PM

#19

Is no news to know that hodl was an initial mistake made by a veteran member who wanted to refer to hold ever since its become some sort of slant.
Either ways the message is passed hold your coin

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Re: The HODL meme and its impact on Bitcoin

February 16, 2019, 10:21:13 PM

#20

Quote from: kingpin4321 on February 16, 2019, 10:15:47 PM

Is no news to know that hodl was an initial mistake made by a veteran member who wanted to refer to hold ever since its become some sort of slant.
Either ways the message is passed hold your coin

nowadays many scammers use "hodl" in order to scam people hodl their coins after buying.

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