What Does HODL means in Crypto
Hodl simply means NOW stands for “Hold on for Dear Life” though the term originated from a user typo of “HOLD” on a Bitcoin forum in December 18, 2013.
Who is the first Said HODL?
Till today 2022, in cryptocurrency world no one knows who was behind the misspelling type of hodl, but according to research the word Hodl was first find in online forum called BITCOINTALK.ORG back 2013 by Cryptocurrency investor name [GAMEKYUUBI] he or she was trying to let other Cryptocurrency investor to buy and hold bitcoin for long run.
What is Hodl time in Cryptocurrency or How long it takes to hodl
well in order to respond or understand that question, let dive back and trying to explain how bitcoin, the father of all cryptocurrency coin work. Also, how cryptocurrency market work.
What is Cryptocurrency Market Cycle
Cryptocurrency market cycle it basically a period of time that all investors buy and sell high meaning thy are 4 phase of market cycle
phase 1 in market it called bear market, simple period of time that all smart investor acquiring asset in cheap price.
phase 2 it called accumulation
phase 3 bitcoin halving occur every 4 years before bullish
phase 4 bull run
PS: Average bear market length (289 days or 9.6 months) and Average bull market length (973 days or 2.7 years).
What Is a Bear Market?
Bear markets are defined as a period of time where the crypto supply is greater than demand, confidence is low, and prices are falling.
What Is a Bull Market?
A bull market or what many call a bull run, is defined as a period of time where a good majority of investors are buying, demand outweighs supply, market confidence is at a CRAZY high, and prices
are rising consistently.
What is Bitcoin Halving?
Code written into Bitcoin’s DNA that halves the amount of NEW Bitcoin entering circulation after a certain number of blocks are mined. (Usually every FOUR years). NOTE: Usually has a DRAMATIC impact on Bitcoin’s price to the upside.
When is the next bitcoin halving cycle?
bitcoin Halving cycle occur every four years, the most recent bitcoin halving cycle was 2020 and during that period bitcoin Ski rock to the moon. so, the next bitcoin halving cycle will be around 2024
Bitcoin Halving cycle History
- first bitcoin halving cycle 28 Nov 2012
- second Bitcoin halving Cycle 9 July 2016
- thur bitcoin Halving Cycle 11 may 2020
- the next maybe the last will occur around febuary and may 2024.
How many Bitcoin are Left in Circulation
Acoording to coinmarketcap, the max suply of bitcoin averaging 21.000.000 and circulating sypply averaging 19.190.793. so when take max supply -circulating supply , there is 1,809,207 BTC left in circulation and last but no least Bitcoin have a potential to hit 1million per coin by 2030 becaus it value and it gold 2.0, we will talk more detail about bitcoin in our next post.stay blessed.
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