In December 2013, the crypto market was going through a period of turbulence, volatility was extreme and prices were correcting sharply.
Panic set in, but a simple post would change the situation. A look back at an expression that has become legendary 👇🏻
11 years ago to the day, on December 18, 2013, a user nicknamed GameKyuubi published a now legendary message on the BitcoinTalk forum, entitled: "I AM HODLING". Obviously under the influence of alcohol (he says so himself), GameKyuubi misspells the word "hold". A simple typo... but the story doesn't end there 👀
Game Kyuubi's message, of deep sincerity, indeed attracts the attention of the forum members.
And for good reason, Bitcoin experiences that day one of the worst falls in its history, going from $1,163 on November 30 to $390 on December 18...
Did you say "volatility"? 🤕
In the grip of doubt, bitcoiners feel the need to exchange and unite under Game Kyuubi's publication, both funny and motivating.
Quickly, his post becomes one of the most commented on Bitcointalk, "HODL" being interpreted as the acronym for "Hold On for Dear Life" 💪🏻
Throughout 2014, Bitcoin continued to fall and even reached the $150 mark in January 2015.
However, this was not enough to undermine the confidence of the forum members, who now brandish the term "HODL" as a symbol of resilience in the face of the volatility of the king of cryptocurrencies ✊🏼
Over the years, the term "HODL" has become more widespread and its use has exploded.
As a resistance to fear, uncertainty and doubt (FUD), "HODL" encourages investors not to sell out of panic, because in the long term, the price of Bitcoin tends to rise, rewarding those who have been patient 🏆
Today, “HODL” is more than just a typo: it’s a symbol of the crypto community’s spirit, representing its belief in the future of cryptocurrencies and its refusal to capitulate to adverse market movements.
The term has even been cited as one of the essential expressions of Bitcoin culture by outlets like Quartz and The Street(.)com.
All this perfectly illustrates how a simple mistake can become a cultural phenomenon, a powerful meme.
It is a constant reminder that patience coupled with a long-term vision will remain a winning strategy in this ultra-volatile market where FUD reigns.
#H #hold #vues #2024WithBinance
Suivez-moi @M-FUTURIST ALIAS YACOUBA DIARRA
