What Is The Concept Of ‘HODL’ Which Everyone Is Talking About In Bitcoins

Published on: 07 October 2021 Last Updated on: 13 January 2025

Bitcoin has been in the limelight since its first successful rally in 2017. After the first successful rally ending up reaching an all-time high >$19,000, people from all around the world started showing their interest in the Cryptocurrency trade market.

That was just the start of the journey. We are now in 2021 and have already experienced a second successful rally of >$63,000. Seeing how the market has been performing in the last couple of years, people have started considering investing in Cryptocurrency for the long term.

If you also want to be a part of the new Financial era with

This is where the concept of ‘HODL’ starts messing with new investors’ minds. They get confused between the terms ‘HODL’ and ‘HOLD,’ and trust us, both hold the same meaning.

What Is HODL?

HODL has become a new term that is thrown around the Cryptocurrency community. Since this term is often used, it has become the slang term that new investors find intriguing.

HODL is the investment strategy where the investors hold all their digital assets no matter how the market performs. When the price plunge starts, the investors often see the asset with negative sentiment. However, the investors who are following the HODL strategy will continue to hold their assets.

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Warp & Weft History Behind HODL

The term first surfaced on a popular Bitcoin Forum named BitcoinTalk. A user named GameKyuubi got a bit tipsy and posted a typo-laden message on the forum that came after restrictions were made on the regulation of Bitcoin.

He moved on with the statement where he went about how people called him a bad trader for not selling off his Crypto assets. Nevertheless, he insisted on holding on to his Crypto assets.

To prove his points, he posted a message, “I AM HODLING.” Since he was drunk at the moment, he made a mistake by typing the wrong spelling of Holding. Since the term, HODL has become one of the common slang used in the Cryptocurrency industry.

Why HODL Your Crypto Assets?

Cryptocurrency is a digital currency powered by Blockchain technology. It functions as a medium of exchange for goods and services and can also be held as an asset. The key feature of Cryptocurrency is its decentralized nature. Due to this nature, it does not have a single authority controlling the network.

Today, Cryptocurrency continues to gain more attention as an asset for investment. The trend of financial decentralization and currency digitalization offer enough room for this industry to grow even further.

Due to its highly volatile nature, Cryptocurrency offers opportunities to the user to make high-risk high-profit investments. However, HODLING can offer more safety to the investor and avoid the risk of buying and selling low.

Risk Associated With HODL

Despite the high rate of return, investors must be wary of the risk HODLING comes with. The price of Cryptocurrency is extremely volatile and gives investors a tough time with extreme ups and downs.

Furthermore, the lifespan of Cryptocurrency is relatively very short compared to other assets and fiat currencies. This leaves Cryptocurrency facing a future with many uncertainties.

The policies over Cryptocurrency have not been established effectively. Hence, this leaves room for Cryptocurrencies used by fraudulent activists.

Closing Thoughts

Even though the term HODL started as a typo error, its effect has been immense. Experts believe that it can be one of the strategies to make money out of the Cryptocurrency investment; they kept the name as it is to dine the holding strategy as HODLing.

We hope that you were able to understand the real concept behind the HODL. If there are more queries regarding Crypto industries and relevant terms used in the industry, drop them in the comment section. We will ensure every query gets answered.

Read Also:

Does Inflation Determine The Price Of Bitcoins: What You Need To Know

Why Bitcoin Still Suffers From An Identity Crisis In 2020?

Mashum Mollah

Mashum Mollah is the feature writer of Search Engine Magazine and an SEO Analyst at Real Wealth Business. Over the last 3 years, He has successfully developed and implemented online marketing, SEO, and conversion campaigns for 50+ businesses of all sizes. He is the co-founder of Social Media Magazine.

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Home Sweet Home Improvement: How to Find the Best Home Improvement Loans

It's estimated that in 2018, Americans spent nearly $340 billion on home remodeling projects. Home improvement loans are one of the best ways to sort out the problem of home renovation. If you're planning to make some changes to your home, you may find that a home improvement loan is the only way you can get the job done. But finding a home improvement loans isn't easy, and sometimes it can be difficult to figure out how you can find the right loan, at the right price. Below you'll discover how you can find the best home improvement loans for your renovation project. Read on, and you'll discover how you can give your home a fresh look, without having to wreak havoc on your finances. Decide What You Want to Use the Loan For: Before taking out the loan, it's a good idea to think about how you're going to spend the money associated with the loan. In doing so, it becomes easy to work out how much you'll need to borrow. This then prevents you from over-borrowing and ending up with more debt than necessary. Now, if you don't know how much a particular home improvement project is going to cost, it's probably worth speaking to some contractors. If you can provide these contractors with an accurate representation of what you want to achieve, they should be able to give you a quote. If you can, try to speak to more than one contractor. This'll help develop a realistic average of what the project is going to cost. How Can You Fund the Home Improvement Project? There's more than one financial 'instrument' you can use to fund your home improvement project. For instance, there's the typical route of obtaining a home improvement loan. Now, home improvement loans can often sound like a good idea, but you'll find that such loans aren't always the best option. This often comes down to the fact home improvement loans tend to be unsecured, and this makes them a risky bet for lenders. This risk can also mean that the interest rates are going to be high. On top of this, you'll find lenders will offer relatively short repayment periods associated with these loans. The other option is to go for a personal loan. Again, this kind of loan is unsecured, and this can make such loans pricey. But, if you have good credit and a steady income, lenders might be willing to offer you a personal loan at a reasonable rate. One of the good things about a personal loan is that you may have a favorable payment term that gives you plenty of time to pay the money back. If you'd like to learn how you can find the best personal loans, check this out. There's also the option of funding your project using a credit card. Now, for many people, this should be considered as a last resort. This is because the interest rates on a credit card can be very high. But if you can find a credit card that offers 0% APR, this might be a worthwhile option. Speak to Many Lenders: Once you have a decent sense of how much the project is going to cost you, it's the time to approach some lenders. It's worth noting that some lenders will have different requirements to others. Often, you'll have to fill out an application, and the information you provide will determine whether you receive the loan. If you find your application is successful, you may have to approach another lender. You may also need to think about funding your project, using a different strategy. Manage Your Project Carefully: Once you receive your funds and begin remodeling, it's vital you manage your project carefully so that it doesn't go over budget. If this happens, you'll need to lend more money, and this can increase your debt burden. At the very least you need to keep a close eye on the contractors and ask them about their progress daily. Ask them to provide you with projected deadlines, and then check in with them to ensure they're going to meet these deadlines. It's essential you do this, as contractors often charge you a daily rate. If the project goes over schedule, you may end up needing to spend more than you budgeted for. Can You Reduce the Price of the Project? Before the project begins, you might want to ask your contractors if there's anything you can do to help lower the cost of the project. If you take certain cost-cutting measures, you may find that you don't need to use the entire loan. This then means you can repay the loan faster, thereby reducing the amount of money you spend on interest payments. Taking this step is important, as it can reduce the stress associated with having to find the 'perfect' home improvement loan. For instance, the contractors might say that things will work out cheaper if you source the materials needed for the project. You can then ask them what they need, and you can go to your local hardware store and order these items. You might also want to ask the contractor if there are any simple tasks that you can help them with. So, if you're looking to renovate a bedroom, there may be some closets that are 'built into' the room, of which you no longer want. If you take the time to remove these closets, the contractor doesn't need to spend their time on this task. This then lowers the amount of money they'll charge you as their workload is now reduced. Do You Know How to Find the Best Home Improvement Loans? If you want to give your home a fresh look, home improvement loans can help you get the job done, without having to spend all your savings. That said, you want to make sure you do everything you can to limit the amount of money you actually need to borrow. You also want to make sure you speak to a broad range of lenders so that you can find an affordably priced loan. Yes, it can be scary to borrow money for a home improvement project. But if you follow the tips in this post, you should be able to minimize your stress levels. Thinking about remodeling your kitchen? Check out this post to learn about the best countertops you can use. Read Also: Lining Up For A Loan – How To Secure A Good Loan 7 Tips To Increase The Value Of Your Home Best Home Buying Tips For First Time Buyers Invest Real Estate In Detroit: 7 Things You Need To Know Before Buying Your First Investment

How To Know If Your Health Insurance Covers Visits To The Chiropractor

Your health is an essential preference in your life. You want to be sure you are happy, healthy, and able to do whatever you want throughout your day. Sometimes, this may require visiting a specialist or seeing certain doctors to be sure you are under the best health insurance covers. If you've been experiencing back pain, headaches, or neck pain, you may need chiropractic care. These specific doctors deal with disorders of the musculoskeletal system and help you recover from many different things. Whether you have general back pain, are recovering from a sports injury, or just need somebody’s adjustments, a visit to chiropractic care may help with that. Seeking specific medical care can sometimes be a stressful experience, especially if you are worried about the cost. When you are under good health insurance covers, you do not need to worry about the cost of the treatment in medical care. 4 Things To Understand Your Health Insurance Coverage You know your health insurance covers regular checkups and doctor's visits of that nature, but how can you be sure if you're covered for a chiropractic treatment plan? Start by checking with your insurance company and looking for specific practitioners. There are ways to check your health coverage and figure out how you're going to pay for your chiropractic care. Here are four things to understand your health insurance nature. 1. Research The Most Comprehensive Health Care Plans It all starts with picking out the right health care plan. You can compare plans online and see the complete layout of each option. Find a health insurance coverage plan that fits your lifestyle and will benefit your overall health. You can research different providers, what your premiums include, and how you can customize your coverage. While many health plans are provided by your employer, you can still pick and chose some of the human services you need. Or, if it's your first time on the health insurance marketplace, you can use online tools to explore health insurance options. That's the best way to compare prices and coverages to get an insurance plan that will include the chiropractic care you need. 2. Look For Providers In Your Network If you are unfamiliar with how health insurance plans work, you need to know about in-network and out-of-network providers. When you go to a specialist that is in your healthcare network, you will usually have all or most of those costs health insurance covers. As you are looking for a chiropractic office, start by checking in with your insurance website to find the specialists that belong under your health insurance coverages. For example, residents of Governor's Park, CO, have a great office nearby, so when they search for"chiropractor Lone Tree, CO," they won't be disappointed. These providers offer everything you need for your family care, from chiropractor appointments to massage therapy, acupuncture, and even physical therapy. Help your overall wellness with these services. 3.Ask For Referrals From Your Doctor Are you confused about what chiropractors are considered in-network? Luckily, most primary doctors can easily access that information. When you speak to your family doctor, mention that you've been considering chiropractic services. They can then direct you to a local location that will be covered by your insurance. In fact, many chiropractic offices need a referral before they can start on your treatment plan. The referral simply lets them know your unique needs from the perspective of another medical professional. Always check with your health insurance covers first. The insurance company will let you know if this is a custom orthotics and chiropractor practice that's covered by your insurance plan. 4. Check If You Have Full Or Partial Coverage While your health insurance plan may cover some chiropractic adjustments, you need to be sure to read the fine print. There may be exclusions or specifications you need to pay attention to. Be aware that your health insurance covers may not pay for the entire treatment, and you may have some out-of-pocket costs, even if you are covered. Conclusion The health insurance covers and the plans are prime checking factors before you are availing the services from the popular health insurances. These fours are the best way to analyze the nature of your health insurance plannings and facilities. Most of the insurances are covering all medical costs, but connections are significant. If you do not check the connection medical facility, you may lose the facility your insurance company is offering you. Read Also: How to Choose the Best Merchant Account for Your Burgeoning Insurance Small Business Guide to Private Health Insurance Exchanges

7 Reasons Why Teenagers Pay Extra For Car Insurance

Car insurance for teenagers is more expensive than experienced drivers. Teenagers, who are at a very young and vulnerable stage of life, often lack any formal driving experience. They learn the skills of driving in this age and polish it with practice. The motor vehicle associations understand the susceptibility of their age and therefore the cost of car insurance for teenagers is higher. In order to understand this concept in detail, we have laid down 7 reasons that “why teenagers pay extra for car insurance”: No Proven Track Record of Driving The insurance companies consider the driving history of the applicant before issuing insurance premiums. In the case of teenagers, there is no proven track record of driving. Since they are at the beginner’s stage of learning, there is no evidence to support their expertise on the road. The risk factor stays high in this case. In general, the people who have proven driving track record without any mention of traffic violations and accidents in their names can avail significant discounts on their car insurance policies. The insurance companies need some statistical proof to make a judgment about the driving skills of applicants- which is not possible in the case of teenagers. Therefore, they cannot assume whether the teenage driver is a safe or reckless driver. In order to cover their risk, they raise the cost of car insurance for teenagers to ensure some safety measures. However, at the age of 19, the insurance plan becomes affordable as you already have 1-2 years driving experience by this time. You can get car insurance here for 19 years olds. Lack of Experience It takes time in learning a skill and achieving expertise in it. Learning to drive certainly takes more time and effort as we face different situations every day on the road. The young drivers need to dedicate a lot of practice hours to polish their skills before they can take their own vehicle independently on the road. The amount of time spent behind the wheel is a considerable factor in enhancing the driving abilities of young drivers. In the case of teenagers, their lack of experience can put them to test while facing real-life driving situations. Their reaction time may be slower than an experienced driver which is much needed when you are in actual driving practice. It is often seen that the young drivers get into a panic very easily when they face unusual situations on the roads. There are research studies to support the fact that most of the accidents that involve youngsters are due to their delay in reaction to the situations that prevail. Emotional Distraction Young people often get stuck with emotional issues. Their vulnerable age often brings out the “rebellious” attitude which may result in anger, sadness, extreme happiness, excitement, overreaction, anxiety, etc. They have very less understanding of dealing with their own emotions which may cause serious troubles while driving. For example- despite many public advertisements, youngsters use their mobile phones while driving. The overconfidence can lead to the accident-prone situation very easily. Youngsters often pool their vehicles and go for diving expeditions. Mutual talking and discussions while driving can distract their attention from the road. It is also common for youngsters to appreciate unusual sights on the road and get diverted from their driving spree. Insurance companies take these facts into account and use substantial proofs to put forth their risk level before issuing car insurance to teenagers. Increased Tendency Towards Speed and Racing There is no denial of the fact that teenagers love formula races and speed games. When they sit behind the steering, they get tempted to race with the cars on their track. Sometimes they have their own bunch of friends racing while driving. The scientific studies have reported that teenagers are easily aggravated by smoking, drugs and alcoholic tendencies. Under the influence of these factors, they may be instigated to adopt risky behaviors while driving. The understanding of the risks and their implications can be attained only with age and experience. The insurance companies state that the lower rates of premiums for the experienced drivers are supported by the statistics that prove that they are less prone to accidents as compared to teenage drivers. The Risk of the Insurance Companies The teenage drivers are at a higher state of financial risks for the insurance companies. The higher the probability of being at risk of accidents raises the probability of higher expenditure of the insurance companies. Therefore, in an attempt to cover the risks associated with the young drivers, they raise the cost of the policy. The Statistical Proofs We have already discussed various factors that may cause teenagers to become riskier while driving. It should be mentioned that our studies are based on statistical findings from various reports. These reports emphasize the high probability of teenage drivers being involved in road accidents. The data has been collected by the years of research that bring the car insurance firms at a higher edge of risk. The Make and Model of the Vehicle We often get to hear that the teenagers are gifted their “favorite vehicle” on their birthday or any other occasions. Although this practice is popular in rich and affluent families, these days even the middle-class segment has roped into the trend. Thanks to the easy loaning facilities! However, parents often forget about the risk associated with allowing teenagers to drive new and expensive cars with high-speed parameters. The insurance companies charge more from their clients who want to purchase insurance of a premium car for their teenager ward. The reason is clearly stated- higher speed parameters of the vehicle are directly proportional to the high financial risk factor of insurance companies. Conclusion Teenagers pay extra for car insurance due to the high amount of risk associated with their age and the levels of maturity. There are facts to support the rash driving incidents leading to fatal accidents in many cases that involve teenagers. Therefore, the higher rates of insurance are just a precautionary measure by the insurance companies. They intend to ensure that the applicant, as well as the company, must be fully prepared to deal with the possible risky outcomes due to driving errors. Higher is the risk of the insurance company, higher is the cost of the premium. Read Also : Tips For Reducing Car Insurance Costs Tips To Lower Your Insurance Costs

What Is The Concept Of ‘HODL’ Which Everyone Is Talking About In Bitcoins

What Is HODL?

Warp & Weft History Behind HODL

Why HODL Your Crypto Assets?

Risk Associated With HODL

Closing Thoughts

Does Inflation Determine The Price Of Bitcoins: What You Need To Know

Why Bitcoin Still Suffers From An Identity Crisis In 2020?

Mashum Mollah

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Home Sweet Home Improvement: How to Find the Best Home Improvement Loans

How To Know If Your Health Insurance Covers Visits To The Chiropractor

7 Reasons Why Teenagers Pay Extra For Car Insurance

What Is The Concept Of ‘HODL’ Which Everyone Is Talking About In Bitcoins

What Is HODL?

Warp & Weft History Behind HODL

Why HODL Your Crypto Assets?

Risk Associated With HODL

Closing Thoughts

Share this Article

Does Inflation Determine The Price Of Bitcoins: What You Need To Know

Why Bitcoin Still Suffers From An Identity Crisis In 2020?

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Popular

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