Bitcoin buyers from the past cycle are more stubborn than ever before, data shows, even after 165% year-to-date BTC price gains.
Hodl News
Hodl is a backronym that acts as an abbreviation for the phrase “hold on for dear life.” It originated from a 2013 post by GameKyuubi on the Bitcointalk forum launched by Bitcoin’s anonymous founder and developer, Satoshi Nakamoto.
Most believe hodl originated as a misspelling of the word “hold,” and it is often used to encourage the cryptocurrency community and investors to refrain from selling a cryptocurrency, especially in a volatile market environment. One of the many slang terms in the crypto space, hodl is also used to denote a bullish sentiment and urges other investors to buy and hold the cryptocurrency for an extended period.
A meme in itself, the term hodl is used widely by the cryptocurrency community today and is similar in sentiment to other terms such as FOMO (fear of missing out), WAGMI (we’re all gonna make it) and BTFD (buy the fucking dip), which are used to connect with a broader and younger audience. While used almost exclusively when discussing cryptocurrencies and other crypto assets, the term hodl is now even being used to convey bullish sentiment associated with other asset classes such as the equity asset class.
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BTC supply dynamics show all-time high percentage ownership by long-term holders, and Bitcoin investors should “do the math” as a result, analysis says.
7172According to Hut 8 CEO Jaime Leverton, the newly merged mining business will have “highly diversified fiat revenue streams.”
6916Inactive Bitcoin addresses have hit all-time highs across one-, three- and five-year time domains while BTC outflows from exchanges continue.
9274A tale of two types of Bitcoin investors emerges as BTC price action separates “sensitive” speculators from seasoned hodlers.
6262According to 21e6 Capital AG, crypto funds generally outperformed the price gains of BTC in previous bull runs, but they ultimately suffered this year from having too much cash on hand and playing it safe.
13147As the Mt. Gox October repayment deadline approaches, crypto observers expect a major industry event this fall.
16059So far, the trader has accrued 2.65 BTC at an average price well under the current level of around $30,000.
15912Long-term holder spending is “seeking equilibrium,” Glassnode suggests — but nothing will be quiet for long.
6591Bitcoin’s historical price performance confirms that a hard limit on total supply and seamless global usability is critical to becoming a store of value.
7743If Adam Back and Hal Finney’s $10 million price prediction were to come true, the BTC market cap would be approximately $200 trillion.
20027The freedom to stick to what makes the most sense financially sprouted various classes of investors, each distinguished by their intent behind crypto investments.
14366Hodlnaut downplayed its exposure to the Terra ecosystem, but an investigation into the embattled crypto lender shows it lost $190 million in the Terra crash.
15327Despite the downbeat market, blockchain-based tech — from the internet of things to the metaverse — is primed to represent trillions in new value by 2030.
10033Crypto lawyers suggest including highly detailed instructions in one’s will and appointing a crypto-savvy next-of-kin, among other suggestions.
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