RATE Group | Holders of Over 11 Million Bitcoin are Proving That Hodl Is Not Just a Meme
71284
post-template-default,single,single-post,postid-71284,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Holders of Over 11 Million Bitcoin are Proving That Hodl Is Not Just a Meme

08 Dec Holders of Over 11 Million Bitcoin are Proving That Hodl Is Not Just a Meme

Posted at 01:26h in Bitcoin News by

[ad_1]

  • HODL is such a popular trading strategy in the crypto community that it has transcended into a meme.
  • HODLers are flexing their muscles as they refuse to sell even if they are in profits.
  • Add to that the halving and we have the recipe for bitcoin rocket fuel.

Many bitcoin traders laugh at the idea of HODL (holding on for dear life). They think that it is not a sound trading or investing strategy. If you buy and hold on the way down, it’s very likely that you’ll use the same approach on the way up. The rigidity of this method makes it difficult for many investors to lock in gains.

Nevertheless, the strategy is so popular that it has become a meme.

bitcoin meme
No other trading strategy has the privilege of becoming a meme. | Source: Twitter

HODL’s acceptance appears to be bordering obsession. A new report reveals that millions of BTCs have not moved in a year.

Holders Refuse to Sell Even if They Are in Deep Profits

The S&P 500 is up nearly 27% year-to-date. If the index closes the year with gains…

[ad_2]

Source link

Tags:
, , , , , ,