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#HODLTradingStrategy What Is HODLING? At 10:03 a.m. UTC on Dec. 18, Bitcointalk online forum user GameKyuubi posted a purportedly drunk, semi-coherent, typo-laden rant about the user's poor trading skills and determination to simply hold his Bitcoin from that point on: I AM HODLING I type d that tyitle twice because I knew it was wrong the first time. Still wrong. w/e," GameKyuubi wrote about the now-famous misspelling of "holding." "WHY AM I HOLDING? I'LL TELL YOU WHY," he continued. "It's because I'm a bad trader and I KNOW I'M A BAD TRADER. Yeah you good traders can spot the highs and the lows pit pat piffy wing wong wang just like that and make a millino bucks sure no problem bro. GameKyuubi concluded that the best course was to hold, since "You only sell in a bear market if you are a good day trader or an illusioned noob. The people inbetween hold. In a zero-sum game such as this, traders can only take your money if you sell." He then confessed he'd had some whiskey and briefly mused about the spelling of whisk(e)y.3 Within an hour, "HODL" had become a meme. Initially, the memes generated referenced the epic battle movies 300 and Braveheart, but there are now countless HODL memes floating around the internet.3 Fast Fact The prices of Bitcoin and other cryptocurrencies are notoriously volatile, but HODLers disregard even large price swings. They simply HODL. HODLING As a Strategy and Guiding Philosophy HODL, as an acronym for "hold on for dear life," has become a mantra among crypto enthusiasts denoting a long-term approach to cryptocurrency investing. This approach mirrors GameKyuubi's rationale in the original post that novice traders are likely to botch their attempts to time the market, and should simply hold their coin.
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#TrumpTariffs US President Donald Trump has warned that countries which side with the policies of the Brics alliance that go against US interests will be hit with an extra 10% tariff. "Any country aligning themselves with the Anti-American policies of BRICS, will be charged an ADDITIONAL 10% tariff. There will be no exceptions to this policy," Trump wrote on social media. Trump has long criticised Brics, an organisation whose members include China, Russia and India. The US had set a 9 July deadline for countries to agree a trade deal, but US officials now say tariffs will begin on 1 August. Trump said he would send letters to countries telling them what the tariff rate will be if an agreement is not reached. On Monday, Treasury Secretary Scott Bessent said he expected "a busy couple of days". "We've had a lot of people change their tune in terms of negotiations. So my mailbox was full last night with a lot of new offers, a lot of new proposals," he told CNBC. So far, the US has only struck trade agreements with the UK and Vietnam, as well as a partial deal with China. Although, Britain and America have still not reached a deal over taxes for UK steel imported by the US. Since taking office this year, Trump has announced a series of import tariffs on goods from other countries, arguing they will boost American manufacturing and protect jobs. In April, on what he called "Liberation Day", he announced a wave of new taxes on goods from countries around the world - with some as high as 50% - although he quickly suspended his most aggressive plans to allow for three months of talks up until 9 July. During this period, the US implemented a 10% tariff on goods entering the States from most of its international trading partners. The European Union (EU) is reportedly in talks to keep a provisional 10% tax in place for most goods shipped to the US beyond the deadline.
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