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What is hodl in crypto
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No one crypto investing strategy is the right one. Whichever you opt for will depend on a number of factors, including the extent of your crypto market knowledge, investing goals, and risk appetite. The coins you choose to HODL will probably be the most important decision you make. What does hodl mean in crypto Tesla will be the first car manufacturer to use cryptocurrency just like Opera was the first browser to natively enable cryptocurrency transactions. Open your Opera crypto wallet and get ready to purchase your new Tesla Model 3 (equivalent to the price of 1 BTC or $43,000 at the time of writing) or HODL like Elon!Crypto hodl meaning
Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology Trading Vs. HODling Cryptocurrency Please complete the security check to access the website
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So hodling crypto is not a golden ticket. It’s a healthy part of a sensible cryptocurrency investing strategy when combined with serious research into the quality and long-term prospects of your cryptocurrencies. Most of us will do better with a well-researched hodling portfolio than a short-sighted day trading approach. HODL Meaning: Hold On for Dear Life The term “HODL” was used by Bitcoin investor GameKyuubi on bitcointalk.org in 2013. The term gained popularity among crypto enthusiasts over time and became an acronym for “Hold On for Dear Life”. “HODL” is a belief about the long-term prospects of Bitcoin or blockchain technology as traditional financial alternatives.Hodl crypto meaning
To hodl simply means to "hold on for dear life and if it seems like a grammatical error, you're almost right. There is a famous story behind the term emerging on a Bitcointalk forum on December 18, 2013, when a user, GameKyuubi, mistakenly posted “I AM HODLING” after the bitcoin price had an unpredictable price movement during the year. Cointelegraph.com Investors can trade Bitcoin instead when the crypto market begins to turn, rather than stay in a losing position. In fact, traders that use leverage at a margin trading platform like PrimeXBT, can take a position shorting Bitcoin and profit from crypto market downtrends. This fact alone makes trading crypto a potentially more profitable strategy overall for cryptocurrency investing, however, it does require proper risk management and skills to be successful.