As the cryptocurrency community continues to heal and rebuild from the damaging effects of the 2017–2018 crypto crash, many in the community have lost hope in the concept of HODLing. Here at Celsius Network, we have a different perspective, because we believe HODL is not just important, but absolutely essential for the future of cryptocurrency and financial freedom.
The Chaos of 2017
Coined in 2013, the original meaning of HODL represented unwavering confidence in crypto assets during a time of major market downturn. As asset prices skyrocketed throughout 2017, the meaning of HODL began to evolve. Instead of “holding on for dear life,” speculators adopted “HODL” as their way of cheering on the rising markets and began to embrace the idea that one should not sell their crypto as prices increase because the price will undoubtedly continue to increase. That refrain held true for some months; but as we all know, it did not last forever.
The HODL We Need, And The HODL We Deserve
It’s time that we start building a new HODL. The HODL we need should be one that is formed on the foundation of confidence, not fear — and most certainly not greed.
The new HODL should instead be about having a long-term plan for thoughtful savings and investments. It should be about planning for our future and building something that could be greater than ourselves.
As we said before, Celsius is not about helping people flip coins to try and get rich quick. If you want to flip coins, that’s your own business. We are dedicated to helping individuals take control of their financial independence and guide them towards the HODL ideology we all deserve. We incentivize our community to HODL with Celsius because it not only strengthens the crypto economy by creating stability, it also rewards our community by giving them their fair share of the profits.
We believe that once this new “HODL” takes over, we won’t need banks or credit cards like we used to. Instead, we can rely on the decentralized, blockchain-based system that is a democratic, fair, and stabilizing force.
The Future is Now
2018 is behind us. The damage caused by the ravenous bull run in the ICO craze has been done. Now it’s time to take a step back from the chaos, take a deep breath, and begin to build a newer, better foundation upon which cryptocurrency can truly grow.
About Celsius Network
Celsius Network is a democratized interest income and lending platform accessible via a mobile app. Built on the belief that financial services should only do what is in the best interests of the community, Celsius is a modern platform where membership provides access to curated financial services that are not available through traditional financial institutions. Crypto holders can earn interest by transferring their coins to their Celsius Wallet and borrow USD against their crypto collateral at interest rates as low as 5% APR.
Download the Celsius Network app and start earning interest on your crypto today ➡️ https://celsiusnetwork.app.link/pbKa38lhzU