Writing anything about the current state of cryptocurrency for a print publication is an almost futile concept. By the time this makes it to the editor’s desk, let alone the printer, the market could have fluctuated enough to mint a fresh set of billionaires or broken the hearts of an entire breed of risk takers and financial daredevils.
“HODL” could well become the 2018 word of the year. It’s a mantra for the handful of traders who’ve turned themselves into theoretical millionaires overnight. A deliberate misspelling of “hold”, intended to elicit the idea that it’s been typed in a panic, it’s proffered to remind their brethren that, no matter what the market is doing: Do. Not. Fucking. Sell.
The “Crypto Crackhouse” is one of several dedicated buildings in the states that hosts a new breed of trader. Gone are the cocaine-powered, braces-sporting cowboys that dominated Wall Street in the late 80s – this is an entirely different type of trader.
A few blocks away lies the “Crypto Castle”. Much of a muchness, these urban fortresses of fiscal fanaticism are essentially financially driven reincarnations of the many “Projects” that popped up when Neil Strauss was writing The Game, but instead of teaching pitiful saps how to pull women via verbal trickery, they’re a hotbed of huge monetary gains offset by crippling loss, depending on how the market is performing that day, hour or minute.
However these new cowboys play the game with no discernible rules, their living situation belies the underlying, single rule of the entire cryptic, crypto world.
Just. Don’t. Fucking. Sell.