RATE Group | The Five Stages Of Bitcoin HODLer Grief
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The Five Stages Of Bitcoin HODLer Grief

16 Nov The Five Stages Of Bitcoin HODLer Grief

Posted at 14:03h in Bitcoin News by

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Bitcoin Melting Is Affecting Even HODLers (image Getty)Bitcoin Melting (source Getty)

With Bitcoin dropping well below $6,000 on concerns about how the latest Bitcoin fork will impact markets, amongst other things, I thought it was time to address the emotional state of HODLers.  While many who bought Bitcoin before October 2017 can still be up on their holdings, there are many who didn’t get involved until late last year, which help fuel the rise to almost $19,000.

Various individuals have reached different stages on the Kubler-Ross model of grief, but let’s touch on each one briefly to help determine where you as a HODLer stand.

Denial.  This is just temporary. Bitcoin has a long history of large losses followed by even higher prices.  I’m in this for the long haul, so who cares.  (This is the second most common stage for HODLers).

Anger.  By far the most common stage for HODLers.  Everyone is just stupid!  Can’t they see how…

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