If you are in the Bitcoin community, you will be familiar with HODL, one of the most common slang terms in cryptocurrency. It originated as a drunken misspelling of the world “hold” and it means you should not sell your Bitcoin during more volatile market movement time periods, when negative mainstream news cycles occur and other uneasy moments surrounding the Bitcoin ecosystem. This past Wednesday is example of such period. Crypto prices fell out of the sky in the biggest crash since March 2020. Bitcoin broke below $40,000 and was trading at around $30,000 minutes later. Ethereum, which recently touched $4,200, went as low as $1,900. Pretty much everything was in the red. Many people that have mastered crypto market didn’t panic sell rather they held their crypto and some even bought more crypto at a lower price. Whether you are into crypto or not, it pays to hold on and be patient especially during unfavourable times. We cannot succeed in life without patient endurance or the ability to hold firm. If you are reading this and you are in a difficult situation, hold on. Trust God, ask Him to give you wisdom and believe Him that He’ll send help.
“Crypto is a long game, and lack of patience can leave you rekt.” Christian Williams