The Philosophy Behind âNever Sell Your Bitcoinâ
Bitcoin enthusiasts often chant,âNever sell your Bitcoin.â This mantra encourages people to hold onto their BTC, even during market downturns. Itâs a way to avoid panic selling and losing money. They also repeat this when prices soar, believing that no matter how high the price goes, itâs still low compared to future potential.
But why do they care about the price if they never sell? The answer lies in the âhodlâ concept. âHodlâ is a misspelled version of âhold,â born from a 2013 Bitcointalk forum post by a user named GameKyuubi. He admitted to being a bad trader and decided to hold onto his coins. His post, titled âI AM HODLING,â became a meme. It reflects the belief that Bitcoinâs future value will far exceed todayâs prices. So, even if they donât sell, the price matters. Itâs a strategy to avoid selling low and missing out on future gains.
The term âhodlâ originated from a 2013 forum thread. GameKyuubi, the poster, declared heâd hold his Bitcoin despite market fluctuations. This attitude has since become a community mantra. it means