HODL! ATH! To the moon!
Those people who shouting these words out now is trapped in fear.
“HODL”, which is a damn hot word during late 2017 to early 2018. It was born from a Bitcointalk post of a drunk guy, also called “Hold on for dear life” by the other people.
With the plunging price of cryptocurrency, the whole market shows a huge panic. Everyone is clearing their stock, selling all the aircoins away from their life. But at the same time, they also have confidence that the altcoins price will rise up again one day. What is that to say? Gambler psychology
So——REKT, which is the shorthand of Wrecked (it means that traders and investors who got a loss with the price decline), now is spreading like virus fast. And you can see the HODL is replaced by REKT in Google trends.
Why this? You need to ask for bitcoin price on $19000, and then you will know that.
When bitcoin price on the peak, that was the hottest and impetuous stage on market. All the crypto community need “faith”. They trust that they are in the blockchain community and make more tech landing. But actually, the most they trust is the rhetoric of capitalist.
When the capitalists began to frenzy financial cleansing, these people also realized the fact that they were being played, and thus became calmer. But the capital blow has already caused a heavy blow to these people, so the HODLers have become the REKTers.
But until now, people who have repaid their faith still exist. That is the CZ of Binance exchange, an exchange expert who ran out of China. He said yesterday: "There are more and more users who think of cryptocurrencies and blockchains. Those who escape are only speculators, and more and more people will actually use blockchain and cryptocurrency."
Many people will feel confident after they hear this sentence. But is this a motto of a believer or a scam of a capitalist? Time will prove everything.
And even if CZ doesn't say this, I believe that blockchain technology will change the future of everyone, just like the Internet before. Don't be afraid of new things, try to accept it, your knowledge will become broader.
Those people who shouting these words out now is trapped in fear.
“HODL”, which is a damn hot word during late 2017 to early 2018. It was born from a Bitcointalk post of a drunk guy, also called “Hold on for dear life” by the other people.
With the plunging price of cryptocurrency, the whole market shows a huge panic. Everyone is clearing their stock, selling all the aircoins away from their life. But at the same time, they also have confidence that the altcoins price will rise up again one day. What is that to say? Gambler psychology
So——REKT, which is the shorthand of Wrecked (it means that traders and investors who got a loss with the price decline), now is spreading like virus fast. And you can see the HODL is replaced by REKT in Google trends.
Why this? You need to ask for bitcoin price on $19000, and then you will know that.
When bitcoin price on the peak, that was the hottest and impetuous stage on market. All the crypto community need “faith”. They trust that they are in the blockchain community and make more tech landing. But actually, the most they trust is the rhetoric of capitalist.
When the capitalists began to frenzy financial cleansing, these people also realized the fact that they were being played, and thus became calmer. But the capital blow has already caused a heavy blow to these people, so the HODLers have become the REKTers.
But until now, people who have repaid their faith still exist. That is the CZ of Binance exchange, an exchange expert who ran out of China. He said yesterday: "There are more and more users who think of cryptocurrencies and blockchains. Those who escape are only speculators, and more and more people will actually use blockchain and cryptocurrency."
Many people will feel confident after they hear this sentence. But is this a motto of a believer or a scam of a capitalist? Time will prove everything.
And even if CZ doesn't say this, I believe that blockchain technology will change the future of everyone, just like the Internet before. Don't be afraid of new things, try to accept it, your knowledge will become broader.
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