Altcoins – Fusion Nepal

Cryptocurrencies are crashing. People are panicking.

The crypto faithful, however, abide by one word: HODL.

HODL, an intentional typo of “hold,” has become the rallying cry for cryptocurrency traders in the face of this recent Bitcoin crash, which has extended to other popular coins like Ethereum and Litecoin.

It’s an instruction for traders to, um, “hold” their Bitcoin instead of selling it.

There’s a certain emotion to it, pointing to the steadfast belief of some that blockchain-based currencies will change the world — and generate a lot of value for people holding crypto along the way. “HODL” is being tossed around by the crpto crowd the way U.S. soccer fans chant “I believe that we will win.” Read more…

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Bitcoin is complicated. From what, exactly, it’s good for to who created it, there remains a host of unanswered questions about the world’s foremost cryptocurrency.

But when it comes to what drove the monumental price rise over the last 9 years, we now have at least a partial answer — and it’s not what you’d think. You see, it turns out that one person or one coordinated group is likely responsible for a massive increase in Bitcoin’s value back in 2013. Yup, just one.

That’s the conclusion of a group of researchers in the Journal of Monetary Economics, who write that the price of Bitcoin has been (surprise!) subject to manipulation over the years. Read more…

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