Bitcoin’s culture of hodling, and how important it is both for building strong individuals and families, as well as creating the precondition for a Bitcoin circular economy to develop.
Matthew Kratter
Jul 4, 2024July 4, 20243 min read3 minutes read
Bitcoin University
Bitcoin University is an educational channel devoted to Bitcoin, financial freedom, and self-sovereignty. Matthew also covers relevant macro and financial news.
Bitcoin’s HODL Culture
Bitcoin HODL culture is extremely important. This discussion arises from our discussion about Kaspa and whether Kaspa will be the next Bitcoin.
Spoiler Alert: It definitely is not.
In a follow-up video, I discussed how the Bitcoin network was bootstrapped. Derridaaa commented about Kaspa Maxi channels discussing when to take profits.
The idea of taking profits is really a crypto thing.
For Example:“My Kaspa Exit Strategy” and “When to Take Profits” are common topics. They’re all tied to Bitcoin because it’s the only real digital asset that matters.
Bitcoin culture is very different. The first rule of Bitcoin is: You never sell your Bitcoin.
This is perfectly captured in the Batman and Robin meme:
Altcoiners, or “shipcoiners,” are often puzzled by Bitcoin’s HODL culture.
Shipcoiners are used to taking profits frequently, subconsciously understanding that they are the exit liquidity for venture capitalists and others who dump their coins on retail investors. The entire concept of HODL’ing is lost on shipcoiners. They either take profits to buy depreciating assets like Lamborghinis or jump from one crypto horse to the next.
This lifestyle is exhausting!
Bitcoin is different. The Bitcoin culture is different.
Bitcoin is the goal, the exit, the destination. It’s not just another stop on a gambler’s journey.
Bitcoin is the Inn at the end of your journey where you can relax, knowing your money is safe and secure and will continue to gain purchasing power. The smartest crypto scammers understand this.
The 'crypto industry' is a game where more intelligent and more evil people than you try to take your BTC in various ways.
For Example: the EOS scammers at Block.one issued EOS, dumped it on retail investors, and bought Bitcoin.
Block.one now owns 164,000 Bitcoin, while EOS retail bag holders lost purchasing power.
Many in crypto misunderstand Bitcoin’s HODL culture.
Kainoslyfe commented:
Tien1millkion reponsed:
Bitcoin is like your savings. You only use it to buy what you need. Cryptos are like casino chips; you bet black and hope you’ll win or cash out to cut your loss. Bitcoin HODLing culture fosters virtues of self-control, less materialism, and a focus on relationships and experiences. It’s important for both individuals and the Bitcoin ecosystem.
HODLing culture is important for the individual and for the family because it breeds the virtues of:
self-control
being less materialistic
low-time preference thinking
HODLing is also important for the Bitcoin ecosystem and its network effects.
A circular economy for Bitcoin can only develop if people are willing to HODL. Even Monero, a cool crypto, fails here because dark web drug dealers dump it for Bitcoin when building their long-term savings. Bitcoin HODLers are stronger than Monero HODLers.
BTC HODLers > XMR HODLers
… as you can see by the chart below, which shows Monero’s continuous loss of value against Bitcoin.
I wish all of you a happy 4th of July. Bitcoin is the spiritual successor to the decentralized governance model the U.S. Founding Fathers laid out. The American Revolution showed one way out of tyranny.
The Bitcoin Revolution we’re fighting today is against petty tyrants, bureaucrats, politicians, and their central bank puppet masters — not kings.
Bitcoin is freedom money for everyone worldwide, not just Americans.
#Bitcoinisforeveryone
Bitcoin University is an educational channel devoted to Bitcoin, financial freedom, and self-sovereignty. Matthew also covers relevant macro and financial news.
Matthew Kratter is the founder of Bitcoin University YouTube channel, which currently has over 235,000 subscribers.
Before going down the Bitcoin rabbit hole, he founded and ran Trader University, focusing on trading and investment strategies for stocks, options, and futures. Given his hedge fund background and decades of trading experience, Matthew provides a unique perspective.
In late 2019, after finally recognizing Bitcoin’s importance, he began liquidating his stocks and other investments and moving his savings into Bitcoin.
Now, Matthew is all in on Bitcoin, devoting the majority of my time to producing Bitcoin educational content on YouTube and on this site.
In his free time, he enjoys skiing and hiking in the Rockies with his wife, kids, and dogs.
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