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HODL! Crypto HODLers Stay Upbeat Amid Market Plunge

HODL

In recent times, the crypto market has tumbled faster than a crashing rocket. Industry darling bitcoin has shelved two-thirds of its value this year and every other major cryptocurrency has followed suit. Grand predictions that digital currencies would take over the world are looking more like a distant dream. Amid soaring global inflation and worldwide supply disruptions, a general sense of pessimism pervades the climate. 


The global cryptocurrency market is now worth around $1.1 trillion, according to CoinMarketCap. Compared to the all-time high of $3 trillion, it's clear there's been a massive sell-off. Triggered by the collapse of Luna, which wiped off $20 billion in an instant, and troubles with platforms like Celsius, many investors have walked away with their money. 


And yet a core group of crypto diehards remain—the HODLers. They are motivated by different purposes but united by a common belief in the staying power and long-term profitability of cryptocurrencies. 


What is Hodl?


"HODL" is the popular term in cryptocurrency investment circles for the buy-and-hold trading strategy. The strategy encourages investors to ignore volatility in the near term with a belief that a token will appreciate in value over a longer time frame. 


Many crypto HODLers have witnessed past bear markets that lasted months and years. Confidence similarly tanked like now and many skeptics sang requiems for crypto. But they stayed calm, kept believing and managed to multiply the value of their holdings when fresh investments poured into the market. 


They see similar opportunities in the current financial crisis, the worst in more than a decade, and have been advocating patience in anticipation of a long-term bullish future. 


Crypto evangelists like Michael Saylor have kept playing drums of optimism despite the general doom and gloom. The MicroStrategy CEO remains a firm believer in bitcoin's current viability and future potential despite losing almost $5bn in notional value due to the market downturn. 


hodl

source: https://twitter.com/saylor/status/1540307435231092736?t=1aPvcA2M0gZ5ZcyTduOPnA&s=19


While many people keep looking at the daily and weekly red graphs and start panicking, Saylor and others like him take a longterm view. "Any time horizon shorter than four years is likely to result in a great deal of frustration & uncertainty," he said. 

Another big whale expressing optimism is Nayib Bukele, the president of El Salvador. The man who led his country to adopt bitcoin as a legal tender last year told his followers to stop fretting about the price of bitcoin and enjoy life.


hodler

source: https://twitter.com/nayibbukele/status/1538356901297143809?t=q1ve1Y7N4rKbgGbNZvdWVQ&s=19


People who choose to keep holding bitcoin in the current bust cycle can take encouragement from what happened in the past. The price of bitcoin has crashed several times only to recover completely and make new all-time highs. In November 2018 BTC fell to $5.5k, an 80% drop a year earlier. Fears it would go all the way to zero proved misplaced; BTC slowly rebounded all the way to a new ATH of $40k in early 2021.


It must be said that bitcoin isn't the only digital token with diehard fans who have vowed to stay for the long haul. Blockchain mainstays like Ethereum, Cardano, PolkaDot, and fresher entrants like Solana, Radix enjoy their own share of loyal supporters. Even meme coins like Dogecoin and Shiba Inu have dedicated user bases who will keep hold of these tokens to the bitter end. 


This might prove to be a good or bad decision in the long run—nobody knows. Past performance isn't always a guarantee of future outcome. Many crypto believers hedge their bets by diversifying their investment among bitcoin, some major alts, and exciting new projects. Indeed, many analysts see the current market condition as a big opportunity to snap up tokens related to promising projects at bargain prices. 


If you've decided crypto is right for you, have a big risk appetite, and a large enough time horizon, now is your time to "buy and HODL". According to Tyrone Ross, CEO of Onramp Invest, “When something goes on sale and you like it, you should buy it".


This of course brings its own question: Which cryptocurrencies should you buy and HODL? The answer depends on things including portfolio size, risk appetite, nature of the token, legal jurisdiction and other factors. 


For those with deep pockets, bitcoin and Ethereum look like bargain buys right now. Retail investors may want to look at undervalued blockchain and exchange projects, especially those still at an early stage. A blockchain token like Radix or exchange token like KRRX can offer long-term value many times their current market prices once they break into the mainstream. 


For those who already have plenty of crypto investments and no great need for money, HODLing seems like a decent strategy at the moment. At least there's hope of a recovery once the global economy starts Trending upward again. 


Also, Western governments are set to regulate the space, meaning crypto can become somewhat sanitized of its bad reputation. This will make the sector feel safer for many people and drive up adoption. More people will flock into the space with their money, and drive up the value of the major cryptocurrencies.

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#Digests
2022 Valencia MotoGP Race Result: Kyrrex Ambassador on the Podium!

It was a tense, emotional and stunning finale to the 2022 Moto Grand Prix Season in Valencia, Spain. Kyrrex's Founders Viktor Kochetov and Mykhailo Romanenko exactly know. They attended the MotoGP Grand-Prix and came back with great news — our ambassador Jorge Martin won bronze in the race from pole position! 🏆


The 2022 edition of the Valencia MotoGP event took place on 6 November 2022, the twentieth and final round of the 2022 Grand Prix motorcycle  🏍 racing season. 


With glory and bragging rights still up for grabs, each rider gave it their all and contributed to a high-octane spectacle that left the audience on the edge of their seats. 


We really saw an amazing competition that was worth every penny of the attendance ticket. The riders were electric and outstanding. The race was thrilling. The fans were loud and the finish was spectacular. To cap it all, our company ambassador Jorge Martin secured a podium finish after a brilliant race!


But everything in order…


🥇 Alex Rins (Team Suzuki Ecstar) took 1st place in the overall standings.

🥈 Brad Binder (Red Bull KTM Factory Racing) stormed to 2nd.

🥉 The Kyrrex ambassador Jorge Martin ( Pramac Racing) closed the race in the 3rd position.


After taking third, Spanish motorcycling superstar Jorge Martin turned his fifth MotoGP pole position of the season into his fourth podium.


He says he is quite satisfied with the result even though he struggled with the front tyre throughout the race: “The great experience I have gathered this year will help me to not make the same mistakes next time. I am very motivated for next season: I think and hope to be able to fight for the title in 2023!”


Keep following the success of our ambassadors and stay with Kyrrex, the platform of champions!


#Announcements
Meet the Winners of the Kyrrex Birthday Cup Tournament!

The Kyrrex Birthday Cup Tournament is over, and we are greeting the winners!  🥳 


The first large-scale cryptocurrency competition among active Kyrrex users featured more than four hundred participants, who showed their incredible desire to win and deployed all their professional trading skills. 


After a week of intense battles, 5 of our users emerged the major winners of our anniversary cup, by achieving the highest ROI (Return on Investment) over the duration of the tournament. 


Let's welcome the winners who will receive the main prizes from the total pool!*


1️⃣ 1st place ($1,000) — svgz551e91

2️⃣ 2nd place ($950) — svgz931die

3️⃣ 3rd place ($900) — svgz7c8e

4️⃣ 4th place ($850) — svgzd91e9n

5️⃣ 5th place ($800) — svgz321ea2



$5,500 in KRRX tokens will also be distributed among other active tournament participants. That's why everyone is a winner!


Kyrrex team thanks everyone for participating, and reminds that all information about future tournaments you can find on a special web platform.


Follow the competitions, join and get a chance to win valuable prizes!  


* All tournament winners and active participants will be rewarded within 5-7 business days.


Your Kyrrex 💚



#Announcements
Introducing the New Kyrrex's Features — a Referral Program And a Tournament Platform

As Kyrrex gets bigger and stronger, we are introducing new functionality for all crypto-enthusiasts and users of our platform 🚀


This autumn we launch the Kyrrex Tournament Platform and Referral Program. These are brand-new features that will diversify every Kyrrex user's crypto trading experience. 


Let's take a look at the new functions. 


Compete With Traders And Make Extra Profit


We envision our new Tournament Platform as the premier destination for cryptotraders and newbies to test their trading mettle. 


Compete in tournaments with other traders, produce the highest ROI, and win real crypto rewards. The prize fund will be available not only for winners but for other participants as well.


Every Kyrrex trader can become a participant in a few clicks. Here's how it works: 


  1. Go to the Kyrrex Tournament Platform;
  2. Choose a tournament and confirm your participation;
  3. Trade on your Kyrrex account for the tournament duration and achieve a high ROI;
  4. Claim your rewards!


Our team has been developing this service for a long time so we can give you a seamlessly designed and intuitive platform that lets you access competitions without any restrictions. 


✨ Shortly, we will launch our first tournament dedicated to the 4th Kyrrex Birthday. Stay tuned for further updates ✨


Try the Kyrrex Tournament Platform right now!


Refer Friends to Kyrrex and Earn!


As crypto continues to grow in popularity, more people are looking for new and profitable ways to get involved in this dynamic market. As we expand our reach to more people through our comprehensive trading services, we have prepared many benefits for you and your friends to join Kyrrex.


The all-new Kyrrex Referral Program rewards you with bonus crypto when you invite friends to create an account and trade on Kyrrex. When you refer friends to our platform who make some trades, Kyrrex will give you up to 60% of their transaction fees as a bonus. The more active referrals you bring to Kyrrex, the greater rewards you will get


Here's a simple guide to earning with our referral program:


  1. Share your Kyrrex referral link with friends and invite them to sign up to our platform. 
  2. Get up to 60% of their trading fees anytime they make a transaction. 
  3. You can withdraw your bonus or use it to trade on Kyrrex. 


Don't waste time and join the Kyrrex referral program — the most active users have already started earning!


Get The Referral Link


All these updates offer more benefits to you and your friends. With fresh ways to add to your crypto income—through tournaments and referrals—your experience on Kyrrex will be more rewarding. 


Your Kyrrex 💚