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What Does HODL Mean?

 


HODL in Crypto is a slang term used by Crypto investors. The term originated as a spelling error of the word “hold”. A user by the name of GameKyuubi was drunk on whiskey and generated negative sentiments on Bitcoin’s price posted on December 18, 2013. It is an investment strategy wherein investors assemble the determination to not sell their tokens despite a fall in the market. Despite the one enforcing the HODL strategy will continue to hold their coins and not sell it. This acronym stands for Hold On Dear Life. 

The strategy of HODLing involves not settling cryptocurrency as the market goes up or down. It means holding , even through extremely erratic times. It is common for crypto investors to go through emotional stress as the market oscillates up and down and sells their goods when the market is down similar to stock markets.

HODL is simple and easily accessible to new investors which doesn’t require full-time requirement. On the other hand, HODLing can create a barricade that prevents common adoption as Bitocin, which is seen as an investment tool rather than a real tool with real opportunities to help with the globe's economy.  

The best cryptocurrency to HODL is Bitcoin and is highly volatile. Currently, the Bitcoin price is $56,309.01



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