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Old 01-31-2021, 04:08 PM
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swarmee swarmee is offline
J0hn Raff3rty
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Join Date: Jul 2014
Location: Niceville FL
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In the early days of bitcoin, some of the bros who got in early were of the same opinion as the reddit GameStop guys are now. They would tell each other to HOLD and never sell, in order to keep supply low and the value of the coin continuing to rise. Sometimes they would spell it wrong accidentally as HODL, but it stuck as a rallying cry.

Basically, if you and your friends can convince everyone else something has value, it does. Then when you go to cash out, you make cash hand over fist compared to your initial investment. If everyone else takes profits on the way up, the price doesn't climb nearly as high or get covered by the papers/media. If everyone holds and continues to drive demand, everyone gets rich together.
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