Days ago, I shared it in this post (https://www.altcoinstalks.com/index.php?topic=313408.msg1457568#msg1457568). Today I decide to write a full introduction to HOLD camp map.
If you are a Bitcoin investor, and read news on social media or in Bitcointalk forum, I am sure you already know about the term 'HODL'.
What is this and what does it mean?
I always recommend newbies to Search before posting and if they practice it, they will find some resources about HODL term.
They can find results in this forum or on other sites like Coinmarketcap.
- I AM HODLING (https://bitcointalk.org/index.php?topic=375643.0) is where this term was born, by @GameKyuubi, in Bitcointalk forum.
- Understanding HODL (Coinmarketcap) (https://coinmarketcap.com/academy/glossary/hodl)
HODL = Hold On Dear Life.
Above is for the first question.
The second question, for Bitcoin investors, can be explained with the following chart.
- https://hodl.camp/
- Click on some icons at the top right corner to customize color of the chart.
- As of writing, the HODL line is 5 year and 1 month. This line changes with Bitcoin prices and with time, stay updated by using the chart.
I quote the guide from HOLD camp.
Welcome to Hodl Camp.
This is an interactive graph on the profitability of hodling bitcoin. Read the whitepaper here.
Time flows diagonally, from the upper left corner to the bottom right corner.
It starts on 2010-07-18 and ends on 2023-12-20.
By moving the mouse or tapping the heat map, you will traverse all historical entry and exit dates. Pin the marker by clicking and move around with WASD keys.
Moving vertically changes the entry date. Up is earlier, down is later.
Moving horizontally changes the exit date. Left is earlier, right is later.
Where the lines cross, the color shows the profitability, green for positive and red for negative.
The green scale is log10, the red scale is linear.
One pixel is one day. Zoom in () to see more detail. Zoom out () to see the bigger picture.
Drag or scroll to move around.
Next to bitcoin denominated in U.S. dollar, it's also possible to plot the price of bitcoin denominated in troy ounces gold (XAU). This eliminates the influence of price fluctuations of U.S. dollar and instead uses a hard money: gold.
Change the color map () if green/red doesn't work for you.
Now, let's see the chart with default settings.
(https://i.ibb.co/wdkqCQ3/hodlcamp.png) (https://ibb.co/9pD024z)
You can click on the Eye icon to change color settings. Below are some of color settings and how it looks. Choose one color setting you like to use.
(https://i.ibb.co/wp8dZwv/Holdcamp2.png) (https://ibb.co/BTvfHr1) (https://i.ibb.co/4RRQPRN/Holdcamp3.png) (https://ibb.co/b55fz5d) (https://i.ibb.co/YNmjHrQ/Holdcamp4.png) (https://ibb.co/cy0T4m3) (https://i.ibb.co/Vq54QWv/Holdcamp5.png) (https://ibb.co/sVzY6vF) (https://i.ibb.co/jMq8pzb/Holdcamp6.png) (https://ibb.co/bBY6fFQ) (https://i.ibb.co/PTWqgks/Holdcamp7.png) (https://ibb.co/FsYRzpk)
When you hover mouse on the HODL map chart, you will see Entry date, Entry price, Exit date, Exit price and Profit/ Loss. This feature is a quick tool to check profit, loss with an assumption that you buy bitcoin at a past year, hodl it like 1, 2, 4 years and how it turns out to be Profit or Loss for you.
If you don't like this HODL map, you can use alternatives like
- https://dcabtc.com/
- https://costavg.com/
(https://i.ibb.co/vJMBwC9/holdcamp-Entry-Profit.png) (https://ibb.co/ZhbJLR9)
Note:
- It was posted first in that topic, on Bitcointalk (https://bitcointalk.org/index.php?topic=5479211.0)
- I leave the source link to avoid plagiarism accusation.
- I excluded minor things from an original thread.