#HODL 🤚 Pays Off
#HOLD has become a way of life for many of us in the crypto community.
We HODL our crypto investments for an extended period of time, regardless of any market swings. We have a strong belief in cryptocurrency fundamentals and we see it as the eventual replacement of fiat currency one day.
To keep up the good fight, we from Hodlcrew are producing high quality wear like a bitcoin shirt for example to make people aware of cryptocurrency and #HODL.
New Crypto Arrivals
Memes like the HODL meme, play a major role in the development of Bitcoin, because it's the marketing instrument of a movement that does not have a marketing department. It creates a feeling of togetherness in this otherwise distributed system. HODLers are the ones who would never sell their bitcoins in bad times. With each new Bitcoin hype cycle, the number of so-called "hodlers of last resort" has increased. The amount of Bitcoins that can be offered for sale is therefore only a fraction of the actually available coins. This reduced supply contributes to the bottoming of the Bitcoin price in bad times (bear market).
The Hodler Manifesto
1. A true hodler doesn't sell his coins.
2. A true hodler buys in the dip, when the Bitcoin has reached a temporary low.
3. A true hodler is not afraid and he does not doubt. No matter what the media say or what the Bitcoin price is.
4. A true hodler secures his coins in a hardware wallet.
5. A true hodler buys services and goods with his coins.
6. A true hodler speaks positive about Bitcoin.
7. A true hodler doesn't get a FOMO when other coins go up.
8. A true hodler runs his own node.
9. A true hodler is not afraid to wear a bitcoin shirt in public.
Bitcoin emerged in 2008 shortly after Occupy Wall Street accused major banks of misusing borrowers' money, deceiving customers, manipulating the system, and charging expensive fees. It was the concern of the Bitcoin pioneers to give sellers the responsibility to eliminate middlemen, remove interest fees and make transactions transparent in order to prevent corruption and lower fees. So a decentralized system has been created where you control your funds and understand what is happening. Bitcoin has come a long way in a relatively short time. Companies all over the world accept this currency, from REEDS Jewelers, a large jewelry chain in the USA, to the private hospital in Warsaw. Billion dollar companies like Tesla, Dell, Expedia, PayPal, and Microsoft do too. Websites promote it, publications like Bitcoin Magazine publish news, forums discuss cryptocurrency and trade in the coins. It has an application programming interface (API), price index, and exchange rate. Problems include thieves hacking accounts, high volatility and delays in transactions. On the other hand, Bitcoin offers people in third world countries a very reliable way to pay and receive money.
What began as a gimmick by some computer experts has turned into a gigantic success story. The following anecdote illustrates the rapid rise of Bitcoin: In May 2010, Florida programmer Laszlo Hanyecz offered 10,000 Bitcoins in an Internet forum to anyone who orders a pizza. A british guy accepted the deal and ordered two pizzas for Hanyecz online. As promised, he received 10,000 Bitcoins for this, which at the time were worth 30 euros. The programmer made the man a millionaire: Today, 10,000 Bitcoins, depending on the exchange rate, are worth 400 to 500 million dollars!