Is HODL Not Safe For Bitcoin’s Growth_
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Is HODL Not Safe For Bitcoin’s Growth?
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HODL is among those 2
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 Bitcoin’s 
growth? Let’s find out.
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Why HODL Not Safe For Bitcoin’s Growth?
● According to some sources, HODL is useless as it restricts the potential of 
Bitcoin’s 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 Bitcoin’s 
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 coin’s 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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