Is HODL Not Safe For Bitcoin’s Growth?

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Is HODL Not Safe For Bitcoins Growth?
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HODL is among those important terminologies which
find its best use in the crypto world. Now, what
is HODL in crypto? Why it is being used in the
cryptocurrency? Well, this term is misspelt word
of the hold which shares similar meaning means to
hold. But since it is a crypto term, here the
meaning is holding the cryptocurrency. It
indicates users to not spent their BTC.
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• The world HODL unexpectedly became a popular term
  even though it was wrongly spelt through a
  drunken post by a user on the Bitcoin forum in
  the year 2013.
• During this year, when Bitcoin price had fallen,
  the person who was in the drunken state was
  advising the users of Bitcoin to not sell it.
• But users are being cautioned to avoid HODL. So
  is HODL not safe for Bitcoins growth? Lets find
  out.

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Why HODL Not Safe For Bitcoins Growth?

• According to some sources, HODL is useless as it
  restricts the potential of Bitcoins growth. In
  place of it, a strategy of replacing and sending
  should be referred. This would help in fostering
  the growth and adoption of the network and will
  also be a better way of creating an economy.
• If you want to make the best use of Bitcoin and
  want to hold it for future benefits, then it is
  advisable to follow this strategy. This strategy
  helps in the growth of Bitcoin and for its
  adoption by motivating individuals and many
  businesses.

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• The main objective is to raise the economy to
  that level where there is no need for
  cryptocurrency changing to the central bank and
  again changing back to cryptocurrency.
• The motive is to make Bitcoin a medium for paying
  rent, food, online shopping or even getting your
  wages. It would also help in no need of central
  bank money.
• Once you start receiving your money in Bitcoin,
  then it is understood that you are riding on a
  new financial system. So yes, HODL not safe for
  Bitcoins growth.

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• Spend and replace strategy is the best-chosen way
  to the creation of the Bitcoin ecosystem and
  economy. Another method that best contradicts
  HODL is recycling.
• Instead of HODLing Bitcoin, it is better to make
  the best use of it as it would help in creating
  utility of the crypto coin. And when the utility
  is created more other people are dragged towards
  to use it.
• Spending Bitcoin leads to the creation of value
  and the increase in your portfolio price. The
  best way out to start recycling is to buy Bitcoin
  with other currencies (fiat).

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Conclusion The spend and replace strategy helps a
lot in the growth of Bitcoin and for its adoption
by entrepreneurs who are dealing with
cryptocurrencies and individuals. The strategy
enables Bitcoin as a medium for paying rent,
food, online shopping or even getting your wages.
Another method which is best in place of HODL is
recycling. This method helps in creating the
crypto coins utility. However, if you are
interested to know about the best cryptocurrency
to HODL, then it is Bitcoin. Sources https//www.
cryptoknowmics.com/news/meaning-of-hodl
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