HODL

Beginner
HODL is a term commonly used by cryptocurrency investors that refuse to sell their cryptocurrency regardless of the price increasing or decreasing. It is more frequently used during a bear market when people refuse to sell their coins despite the price drop.ย 

HODL was later retrofitted to be an acronym (backronym) for โ€œHold On for Dear Lifeโ€ and refers to not selling, even during strong market volatility and poor market performance.


Origin of HODL:

HODL was originally a spelling mistake by a user named โ€˜GameKyuubiโ€™ on BitcoinTalk. In the original BitcoinTalk thread titled โ€œI AM HODLING,โ€ GameKyuubi wrote:

I type d that tyitle twice because I knew it was wrong the first time. ย Still wrong. ย w/e. ย GF's out at a lesbian bar, BTC crashing WHY AM I HOLDING? I'LL TELL YOU WHY. ย It's because I'm a bad trader and I KNOW I'M A BAD TRADER.

HODL has since become a strategy used by people who admit they do not have the skills to do short-term trades - such as scalping, day trading, or swing trading. The term HODL has also inspired the creation of a similar term often, BUIDL, which is commonly used by the cryptocurrency community to refer to the many kinds of applications that are being built within the blockchain industry.

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