Monday, April 9, 2018

Reddit data reveals weird correlation between cryptocurrency volatility and HODLing


The cryptocurrency market has been going through a rough patch over the past couple of months. It seems this extreme price volatility has driven heaps of Reddit users away from the “HODL” life – the common practice of holding on to your coins despite abrupt drops in value. Over at the popular DataIsBeautiful subreddit, one numbers-obsessed user measured how often the term “HODL” appeared in comments on Reddit over the past year. The results are fascinating. Despite a massive spike in usage between last December and this January, Redditors have gradually been using the word “HODL” much less often since…

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