When bitcoin was $200 it was still considered pretty much nerd money.
When BTC hit $1000 I got a lot of the "its a bubble, you're an idiot" comments.
But right around BTC $16,000 is when I think my inbox started to fill up with serious questions about the bitcoin and how to best get started buying the cryptocurrency.
The FOMO was strong.
FOMO = fear of missing out.
Bitcoin went up from there to almost $20,000 and many people bought in for the first time.
Well guess what?
Bitcoin crashes a lot. Its volatile.
This time is no different.
BTC crashed almost 70% down to about $6,000.
FUD took over.
FUD stands for "Fear, Uncertainty and Doubt".
My Facebook and Twitter feeds blew up.
I got many questions asking if people should sell.
I said if you're not a pro trader you must HODL.
Judging by my social media feeds I don't think too many new bitcoiners listened.
What does it mean to HODL or be a HODLER?
The term “HODL” or “HODLER”, refers to...