HODLing? Oh, I feel so bad for you, Oh HODLing? Why? Oh hold on to the Bitcoin going down, a sinking ship, you must feel like a dummy. Oh, why would you HODL? HODL through this stuff, I mean just sell, get rid of it, it's going to zero, they are shorting it to zero, Wall Street obviously knows, I mean we wouldn't use an exchange method without being backed by the banks, right? It's going to zero, Oh, why would you HODLE? I mean all those people who HODLed from 2011-2012, they're millionaires now, that doesn't make sense why would you HODL?
But anyways, I want to talk about HODLing and why HODLing is so awesome. Right, you didn't think I was going to say that, AWESOME.
Here's why HODLing is awesome.
To begin with number one, I am not a financial adviser, not telling you what to do with your money, I am just chilling here in my room with the laptop in my lap and watching a cricket match on TV, having a good time. What would you do with your own money is your own choice.
Talking about HODLing, If you guys do wanna sell, just freaking sell, I don't care, keep selling, drive the price of Bitcoin down because you know who will be buying it? Someone else, they are going to buy as much as they can. They will try to make more money buying these cheap Bitcoins because when it rebounds, I'm not saying if it rebounds, I'm saying when it rebounds, shits gonna go bananas. So that's the first case, sell if you want.
HODLing makes sense, why?
Two reasons specifically, so first I'll tell you the logical reason and the second, it'll be story time.
You could go study economics for years and I haven't, so I don't know what you'd learn but probably if you just learn supply and demand, you'd get a large majority of what you need to know. Everything in terms of price comes to supply and demand. For instance, Bitcoin only has 21 Million, there's a fixed supply and really there's only 17 Million because 04 Million are lost forever. That means that there's almost twice as many millionaires in the world as there are Bitcoin. That means that even if everybody wanted to have one on earth they couldn't. Even in the US if everybody wants to have one, they couldn't.
Fix supply and the demand may be growing over time, if this becomes the money of the internet, which is very well could, especially with second layer solutions like Lightning Network makes for instantaneous almost zero fee transactions, when that happens, it could be the money of the internet, price of Bitcoins gonna go up. I don't think we'll be talking in terms of Bitcoin, I think we'll be talking in terms of Satoshis, because the price will go up so freaking high.
That's supply and demand, kind of like real estate. Real estate is a great investment in general because there's a fixed amount of land and an exponentially growing population, demand increases supply is fixed, boom price goes up, the same thing with Bitcoin.
There was a time back in the US, stock market collapse and if you saw what happened in stock market this past week, it started to look that way, but stock market collapsed, people go to withdrawal their money from banks but it is not there, Oh my God, the banks don't the money, go figure.
What people did then? They start HODLing, they take all their valuables, their gold, they hide it, any money they hide it, everything, they just start HODLing, they become very good at HODLing.
Then the years of economic prosperity of everything came because people HODLed, all of a sudden all this money could flow back into the economy because people HODLed, but see had they have all sold, had they all panicked sell, so then they wouldn't be able to do that.
So don't HODL, don't take my advice. If you are gonna sell just sell, cool, somebody else will buy it. If you don't want to do that then HODL every single Bitcoin you have. HODL the other cryptocurrencies you have until the market bounces back, we're in a bear market, it happens, just HODL your way through.
But again, not a financial adviser, not a guru, nothing like that.
That's just what I think. I think Bitcoin is gonna do very well and cryptocurrencies as well.
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