1/ I doubt I'm the first to say this, but: #HODL is a cartel, one which (approriately) is simultaneously pedestrian and innovative in the same ways as #cryptocurrency itself.
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There's at least 4 other themes at play 1. Lost BTC (lost/deleted/forgotten/deseased). 2. Can't move dust due to high fees. 3. Tax burden of cashing out. 4. Bitcoin blacklisted / tainted.
Estimates of #1 are 20%, so that's a little perma-hodl. Taxes/dust are real, but not worse than losing it all. You still have to be a believer to hodl through a dip.
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Hodling through a dip is easy compared to hodling through a mtgox like capitulation event and the bear market following. If you HODL'd crypto through that, u can HODL through anything.
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