The HODL acronym is one of the most important slang terms to know about Bitcoin, but it is just the tip of the iceberg of jargon that cryptocurrencies investors should know.
In this article we are going to explain the meaning of the HODL expression.
What does HODL mean?
HODL is a term derived from the misspelling of hold and refers to a buy and hold strategy associated with Bitcoin and other cryptocurrencies.
In the Bitcoin world, it means “hold on for dear life” and it is used with the meaning that it is a recommendation for an investor in a cryptocurrency to maintain his investment even when the value falls.
Thus, HODL has become synonymous with an approach to cryptocurrency investment that avoids trading based on short-term price movements.
For die-hard followers of cryptocurrency known as maximists, HODL is more a strategy for dominating FOMO, FUD and other profit-crushing emotions.
Why is this expression used so much in the crypto and Bitcoin community?
Some investors buy bitcoin during bull markets to make a quick profit, but they do not really believe in the cryptocurrency’s long-term sustainability.
Thus, when cryptocurrencies such as Bitcoin, Dogecoin, and Ether fluctuate wildly, some investors may feel the urge to panic and sell their coins when their value significantly falls.
But the vast majority of crypto enthusiasts do not sell their investments because they believe that the blockchain is the future of finance.
That’s why the HODL expression is used so much as an advice by cryptocurrency enthusiasts.
