5 Books to Turn Anyone From a No-Coiner to a HODLer

Trying to convince someone to buy their first crypto currency? First send them this list of five books.

The world has known about Bitcoin for over nine years now and still hasn’t understood it properly. But, the few who did it early somewhat understood the potential of the technology and bought whatever amount they could and have been enjoying the returns over the past years. Remember last year’s boom when Bitcoin shot up to $20,000? Yes, that’s what I am talking about.

Since its inception in 2009, Bitcoin has increased tremendously in value with occasional dips in price such as during 2013 and 2018. Take a look at this graphic below.

Talking about the market size of cryptocurrencies, it today stands at $250B up from nothing nine years ago.

But, it wouldn’t be wrong to say that this $250B worth of wealth created in these years has not been distributed evenly. There is no data available on what percentage of world’s population own crypto currencies but many analysts estimate it to be less than 0.5%. Out of these 0.5%, some are true HODLers, which by definition, Hodl is a slang term that is used in the Bitcoin community when referring to holding the cryptocurrency rather than selling it.

On the other end, a “No-Coiner” is someone who doesn’t own any cryptocurrency and is constantly claiming that cryptocurrencies are a scam, a bubble and what not. This is the group of people who actually create FUD (Fear, Uncertainty and Dilemma) in the market.

A few days ago, Richard Burton from Balance sent out a tweet asking to suggest books which can persuade a No-Coiner to join the HODL gang.

Well, Rich, here is our response :)