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How HODL Became a Popular Terminology In Crypto

 If you are new to the crypto world, then you must start knowing the different terminologies. One such term you will come across is HODL. Now if you look closely at it, then you will find that it is an incorrect version of the word ‘Hold’. However, now it has become a popular term. The HODL meaning is to hold the cryptocurrency rather than to sell it. Bitcoin, Ethereum, Litecoin, Dash, Monero, Tether, Ripple, Bitcoin Cash are some of the best examples of top cryptocurrencies to hold. 


Origin Of The Term ‘HODL’


The term ‘HODL’ originated when a drunken trader named GameKyubbi pronounced the word wrongly saying ‘I AM HODLing on the Bitcoin forum in 2013. All he was trying to express was his poor trading skills. During that time, the price of Bitcoin cryptocurrency rose higher from $1,100 in December to $15 in January 2013. 


Those who HODL cryptocurrencies are also given the term called HODLers. They make an effort to put themselves away from the situation of volatility. And by doing it, HODLers can help themselves in countering disaster factors like FOMO or FUD. Where the former means Fear of missing out, prompting the situation of high purchase, the latter term stands for fear, uncertainty, and doubt, which leads to minimum selling. 




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