Hodling… Simple but Not Easy

GM Bitcoiners,

If you asked people to describe a Bitcoiner, many would probably still imagine a late-teens coder with a Lamborghini.

Although this is far from reality, the idea that you can simply ‘get in early’ and fly to the moon is still at the back of every rational mind. 

‘Number go up’ marketing is real and part of Bitcoin’s growth cycle. Heck, it’s the reason many are drawn to Bitcoin in the first place; but the Bitcoiner journey isn’t as straightforward as a vertical green candle… 

Hodling is simple, but it’s not easy. 

It’s actually really hard. 

And it’s not pure luck. 

But first off, what even is ‘getting in early’? 

Believe it or not, Bitcoin is still very early.

It just might not feel like it right now. 

Imagine having a mere 600 Bitcoin today? 

Do you think the user above still has those Bitcoin? 

You’d be surprised how many early Bitcoiners no longer have much Bitcoin. 

Here’s why hodling is so hard… 

EVERYONE wants you to sell. 

The ‘noise’ of the market wants you to sell high for profit and sell low to ‘survive’. 

The same emotions that get people to buy cause people to sell.

These emotions are especially accentuated in the early stages. This is why most get caught up in simply being a trader of Bitcoin rather than a hodler who understands the ‘why’. 

“Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.” – Warren Buffet 

Hodling is tough, it’s slow, and it’s boring. 

It’s turning up every day and ignoring the noise. 

It’s staying focused on the end goal and the long-term plan. 

But this also makes it simple. Bitcoin is more like a marathon, than a sprint. It’s not just physical, it’s mental. If you can’t jog, just walk. 

Keep calm and hodl on. 

Written by Henry

Content Manager at FastBitcoins. Came to Bitcoin for the sound money... stayed for the memes! When not on Bitcoin Twitter, Henry can be found dancing Argentine Tango or in the gym.

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