David McNeal
The Cryptowriter — Cryptocurrency | Trading | Blockchain | FinTech | Compliance

If you invest in the stock market, you probably know there is a lot of common lingo between cryptocurrency and stock market trading.

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You can sell(SODL), bid(buy), and hold(HODL) cryptocurrencies, just like a stock. Another thing the stock and cryptocurrency markets have in common is that each has its own unique jargon.

However, unlike Wall St, the cryptocurrency community gets its slang from memes in social media and online forum discussions.

“HODL” is one of those expressions.

HODL was first coined in the Bitcoin talk forum in 2013 as a misspelling of “HOLD” when a user named GameKyuubi posted “I AM HODLING,”

In his post, he ranted on that the best trading strategy was to hold and never sell. In his opinion,

“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…

Institutional money: from the sidelines to center stage.

Insiders of Bitcoin have been discussing the true ocean of institutional money sitting on the sidelines for years. This capital will represent a new force for pushing demand (and ultimately price) from family offices to conventional hedge funds to pensions and endowments, like none we’ve seen before.

Who knew it was going to be a pandemic that will drive these actors in at last?

It began when iconic hedge fund investor Paul Tudor Jones came out with a full-throated endorsement of Bitcoin as a salve for what he termed the emerging “Great Monetary Inflation.” …

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The digital currency and the blockchain market are well ahead of regulations in most countries. Except in the case of Ripple.

XRP faces obstacles like never before, having already lost more than $2 billion in market capitalization and has been de-listed from multiple cryptocurrency exchanges. Here is a brief chronological update:


  • December 22nd -SEC charges Ripple Labs and two of its executives with conducting a $1.3 billion unregistered securities offering.
  • December 23rd — OSL, CrossTower and Beaxy, three well-known digital currency trading platforms, remove XRP from their listings.
  • December 24th — Two of the largest crypto trading desks alert clients that they will stop making markets in XRP.
  • December 27th — The London-based trading firm, B2C2, halted the trading of XRP with U.S.-based …

There’s no question that passwords are an inconvenience; that’s why so many people reuse the same password variations across many accounts, while maybe adding or changing the number or exclamation mark to the end of it. Still, there’s no excuse for bad password hygiene.

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There are billions of compromised passwords available to hackers on the Dark Web, and for free! These days, it’s crucial to take a tiny bit of extra precaution and use a unique, complex password for every account.

The challenge here is that most of us are simply incapable of memorizing dozens, or even hundred, of unique passwords. This is why I think everyone should at least try a password manager, and see if it’s right for you. If it’s not, then the best password managers all offer “the super-power” to wipe your data clean, by storing data on the user’s device only.

Finally, the global financial behemoth enters the digital arena.

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The role of Central Bank

Central banks are controlled by national government banks and smaller commercial banks. Virtually every country in the world has a central bank. The nature of central banks and government bureaucracy varies by location, but they all set and react to similar core monetary policies and results So, while writing this article, I assume the reader has at least a very basic understanding of the powerful role central banks play in today’s world.

The pressures of government influence

Governments throughout the United States and the world have collected tens of billions of dollars of debts and unfinanced liabilities. It is not paranoid to think politicians will try to exhaust their debt. …

While Bitcoin is not yet a legal tender, it is growing in popularity and has triggered the launch of over 5000 cryptocurrencies, collectively referred to as Altcoins.

Advantages and Disadvantages of Cryptocurrency

Cryptocurrencies are designed to making it easier for two parties to transfer funds directly with no third-party middle-man, such as a bank or a credit card company. Instead, using public keys and private keys and different incentive schemes, such as Proof of Work or Proof of Stake, these transfers are secured.

The “wallet” or account address of the user has a public key for receiving funds, while the private key is known only to the owner and used to sign transactions. Minimal transactional processing fees enables users to avoid high charges for traditional wire transfers by banks and financial institutions.

The semi-anonymous nature of cryptocurrency transactions makes them suitable for a host of illegal activities, such as money laundering and tax evasion. However, cryptocurrency advocates often appreciate their anonymity, citing privacy benefits such as protecting whistleblowers or activists living under repressive governments. …

The price of Bitcoin is influenced by both transactional demand, including Bitcoin’s supply or bitcoin economy scale, and speculative demand, primarily media attention and other cryptocurrency interest.

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Speculative Demand

When Bitcoin began, it had no price because nobody was inclined to buy it. The first time that Bitcoin got its value was on October 12, 2009, when Martti Malmi from Finland sold Bitcoin 5050, for $5,02. This gave the value of $0.0009 to 1 Bitcoin.

Slashdot.org, a prominent news and technology website, featured the introduction of Bitcoin version 0.3 on Jul 11, 2010. The article reached a large audience of tech enthusiasts and brought many new traders on board. This period of adoption increased bitcoin’s value tenfold, from about $0.008 to $0.08 in just five days.

In October and November 2013, Bitcoin’s price surged again. In early October, the money exchanged at about $100. By the end of October, it hit nearly $195. The price went from about $200 at the end of November to over $1.120. The rally was due to the introduction of new Bitcoin exchanges and miners in China. …

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Remember the days when businessmen saw blockchain through hype-filled presentations and cryptocurrency whitepapers? Some saw it as an easy chance to get big bucks, while others were afraid of the “Wild West” impression put on crypto markets by the press. Eventually, most of the ideas have faded away.

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Despite the increased intervention of the government in the cryptocurrency industry in an attempt to regulate it, there are still numerous illegal activities that take place on a large scale. This is mostly because a majority of governments are still dealing with the crypto dilemma and have yet to devise a defining law for the industry. This creates many loopholes for ill actors and businesses on the lookout for easy ways to grow their company and platform.

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As many call it, 2017 was the year of bitcoin and cryptocurrencies. But upon observing more closely, one would realize that it was blockchain technology that earned real fame through the bitcoin boom. By the end of 2017, bitcoin’s price had started depreciating, which eventually dropped from approximately $20,000 to $2,900. This resulted in massive criticism of cryptocurrencies from the masses and the government authorities. While the cryptocurrency community still kept believing in the potential of bitcoin and other crypto assets, the authorities have had their negative opinions already carved on stones.

Throughout this price appreciation and depreciation of cryptocurrencies between 2017 and 2018, the one thing that remained constant was everyone’s interest in blockchain — the technology that powers cryptocurrencies. …

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