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With Each Bitcoin Bull & Bear Cycle, Old Hodler Whales Sell Some of Their Bitcoins And New Hodlers Are Born

With Each Bitcoin Bull & Bear Cycle, Old Hodler Whales Sell Some of Their Bitcoins And New Hodlers Are Born

Bitcoin Reddit

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When the price shoots up, as it has done historically many times, the old hodler whales sell some of their Bitcoin portfolio, and excited new hodlers snap them up.

This churn from old hodlers to new hodlers improves the distribution of Bitcoin.

Many people regard Bitcoin as digital gold and become hodlers. They are very good for Bitcoin as they hold for a long time and in doing so, they are supporting the Bitcoin economy.

Hodlers are just as important as the people who use Bitcoin to buy goods or to trade for Alt Coins on exchanges.

Most Alt Coin traders would have done better just hodling Bitcoins, than trying to increase their stash by trading Alt Coins.

Are you an old hodler or a new hodler? Or do you use your Bitcoin for something else?

submitted by /u/FluidAttitude
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