By Vytautas Zabulis

Cryptocurrencies have been experiencing a so called Crypto Winter for quite some time now but millions of people remain crypto-optimists and so do we. American investors like Peter Schiff and John Paulson remind us that one can profit even during the times of a dire financial crisis.

The digital economy has been on the rise for the last few years but the price of cryptocurrencies constantly varies. With each fluctuation of bitcoin or ethereum, the blockchain asset’s prices wane or wax accordingly. The situations in crypto businesses change with the same speed, which causes these businesses to stagnate or prosper.

Both traditional and digital economies are still operating in full swing, even though in deep separation.

If a crypto business comes to a stalemate position, there are two things that they can do to overcome that stalemate. One is hodling (HODL = Hold On For Dear Life) and the other is making crypto-backed loans to save money in the long term. Speaking about the long term, hodling might just be the right solution, especially for bitcoin holders, to secure their future, as Bitcoin still holds significant value in the worldwide markets.

Even if that may be, crypto-entrepreneurs are turning their backs on traditional venture capital in great numbers. The truth is, a lot of the major cryptos on the market have run across a stalemate. It’s safe to assume that ICO markets are in for some interesting times before this year is over. Still, all’s not lost as hodling and crypto-backed loans might just be the way out.

Hodling – Get the Most Out of Your Crypto

Hodling revolves around a meaningful and simple idea: allow everyone to get the most out of their cryptocurrencies. While at the beginning people hardly paid attention to hodling, it has become an essential part of their crypto strategy today. Therefore, crypto-backed loans seem like a good starting point. Your crypto-assets need to retain that upside potential and hodling can help to reap the benefits of getting exactly what you need.

On top of being safe, hodling gives at least two in one benefits – you can make long-term investments with quick cash for your everyday needs. Instead of selling your cryptocurrencies to satisfy both of those needs, hodling allows you to take a crypto-backed loan and cover your needs.

Make Your Crypto Available 24/7

Everything goes by the highest and latest standards and your cryptocurrency will be safe and sound, stored in special and secure cold wallets. The safety of your digital assets is of the utmost importance and your assets are available to you 24/7. Since cryptocurrency-backed loans are backed with cryptocurrency, there’s no need for boring procedures. Simply use cryptocurrency as a loan return guarantee.

That way, any user can get a loan when they need it, simple and easy. When it comes to those who think about starting any sort of crypto business, this can mean the world to them simply because time is money in both the traditional and digital business worlds. Basically, hodling means holding or keeping. It’s a modern way to preserve crypto assets to invest or turn them into profit.

When a crypto holder suddenly needs money, the only way to get it is by either investing their crypto or selling in exchanges. Selling means time and fees. Therefore, hodling seems like the best way to use the full potential of your crypto by keeping them and providing them as collateral to get cash. That way, you’re able to save on taxes because crypto-backed loans are exempt from taxes.

Crypto-Backed Loans for Long-Term Savings

Whatever the reason for your loan might be, you want to repay your credit card debt, pay for a vacation or start your own crypto business, as a crypto holder, you have to sell your crypto to get cash. Well, not anymore. Crypto-backed loans act both as quick cash and long-term investments which makes them the best way to save money in the long term.

After you provide your crypto as collateral or in other words – a security deposit, you get the loan instantly. No long and boring procedures, credit checks, and paperwork. Depending on the value of the crypto assets you provide, you can determine the maximum amount of your loan.

Once you finish your loan repayment, you get your crypto collateral back and you’re good to go.

This means the world to those who need a quick cash injection to keep their businesses up and running. Instead of going through long-lasting procedures and fee payments for selling their future gains, they can now provide crypto assets as collateral, get the needed means and continue with their businesses.

Since their digital assets are safely stored in cold wallets, they’re actually saving their crypto for as long as their loans last. Usually, exchanging crypto for loans happens in fiat money, which means the most well-known government-backed currencies such as USD, EUR, GBP, and others. In the beginning, HODL Finance will issue loans in two the most popular currencies in the world – EUR and USD.

Since the digital world of cryptocurrencies is still a somewhat uncharted territory, it’s hard to predict what will happen next. Every day something changes but hodling and crypto-backed loans might just be the things to lead the stagnating crypto business world out of the dark.

HODL Finance is the European digital lending company. HODL Finance issues loans backed by cryptocurrency and other digital assets. Founded by the shareholders of the peer-to-peer lending platform, Savy, HODL Finance now serves clients around the world.