What I'm Thinking

Me on the IAmsterdam sign

A quick update: three weeks ago, I graduated from college. I did the ceremonies, took some pictures with family, and after four years of college I finally left Champaign-Urbana. To celebrate, I planned a trip around most of the European continent for the summer.

On Wednesday, May 16, I flew into Amsterdam to start the trip. In the following two weeks, I’ve also travelled to Noordwijk aan Zee, Utrecht, Eindhoven, Antwerp, and Ghent.

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It’s finally happening! After this week, I will have wrapped up four years of college to graduate from the University of Illinois at Urbana-Champaign.

During my college career, I’ve learned a lot about myself and my interests, and overall I’m pretty happy about it. However, I wish that I was given some advice back before freshman year. So with the knowledge and experience that I have four years later, here are the things I would tell my freshman-year self.

The advice here is mainly tailored toward computer science students, but I think they’re still generally applicable to all incoming freshmen.

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The results for the 6th Stellar Build Challenge have been announced, and my project has earned an honorable mention!

A quick summary for those who don’t know what the Stellar Build Challenge is: the SBC is a development competition held every couple of months. Developers build or improve projects related to Stellar over the timespan of about a month. Submissions can include libraries, applications, and tokens on the Stellar network.

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I’m not gonna lie, the last two months were brutal. However, I expanded my holdings and dollar-cost averaged my way down with the market. Right now, I am mostly content with the coins I’m holding, and I believe that all of them have a great chance of recovering their prices. After all, simply hodling won’t cut it in this bear market—I had to make sure that what I put my money in is fundamentally solid.

The proportions are based on fiat value as of April 6.

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On Hodling
23 March 2018

Thumbnail by Chris Record Vlogs on YouTube.
Thumbnail by Chris Record Vlogs on YouTube.

The word “hodl” is virtually synonymous with the ethos of the cryptocurrency community. Originally a typo in a 2013 BitcoinTalk thread, it has since become a rallying cry in the face of extreme market volatility. It has also spread to popular culture, with John Oliver recently featuring the phrase in an episode dedicated to cryptocurrencies. Even a parody of “Gucci Gang” has been made in honor of this word.

The hodlers’ strategy is simple: they simply hold their cryptocurrency coins indefinitely and never try to guess the best time to sell based on short-term market trends. This strategy has proven largely effective thus far; everyone who bought Bitcoin at least two years ago and hodl’ed until now would’ve enjoyed a 20x gain or greater in USD value.

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