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How can I understand the meaning of the term 'hodl' in the context of cryptocurrencies?

avatarAbdullah SaeedDec 25, 2021 · 3 years ago1 answers

Can you explain the meaning of the term 'hodl' in the context of cryptocurrencies? I keep seeing it mentioned in discussions and forums, but I'm not sure what it means.

How can I understand the meaning of the term 'hodl' in the context of cryptocurrencies?

1 answers

  • avatarDec 25, 2021 · 3 years ago
    HODL is a slang term that has become synonymous with holding onto cryptocurrencies instead of selling them. It originated from a forum post where someone misspelled 'hold' as 'hodl,' and the term caught on. The idea behind hodling is to resist the urge to sell when the market is down and instead wait for the price to recover. It's a strategy that many long-term investors in cryptocurrencies follow, as they believe in the potential for future growth. So, when you see people talking about hodling, they're essentially referring to the act of holding onto their cryptocurrencies and not giving in to short-term market fluctuations.