Why HODL’ing Might not be Insane

Just HODL baby

Is the prevailing message peddled by enthusiasts in the Crypo community and is the mantra which has marked the ascent of the nascent technology to the dizzying heights we bear witness to now.

And it has served them well

Instead of inviting the scurvy of day traders and speculators, the creators cultivated a community of supporters, evanagelists and adopters who persisted through volatility for years. Rapid rises gave way to sickening descents with the spirit of HODL called upon regularly to reinforce a community of dreamed.

Without an unwithering belief in the system, and one another, the rise in price could never have been achieved. I use the word achieved instead of occurred because it was only with the collective action of a large number of individuals that it could have happened. HODL is the thing which enabled the growth and it is what will sustain its ascent — with a failure to adhere to the moto leading to sharp decreases through sell offs and a lack of support.

Price rises can be be understood from a basic economic concept

Supply and Demand

If more people want to buy than want to sell the price will rise. If nobody is willing to sell…