How does the term 'kona' relate to digital currencies?

3 answers

• Jan 14, 2022 · 3 years ago
  Kona is actually a Hawaiian word that means 'coffee.' In the context of digital currencies, 'kona' is sometimes used as a slang term to refer to the act of holding onto a cryptocurrency for a long period of time, similar to how coffee beans are roasted slowly. So, when people say they're 'kona-ing' a particular coin, it means they're holding onto it with the expectation of long-term growth.
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• Jan 14, 2022 · 3 years ago
  The term 'kona' has gained popularity in the cryptocurrency community as a way to describe the strategy of holding onto a digital asset for an extended period of time. It's similar to the concept of 'HODL,' which stands for 'hold on for dear life.' Both terms reflect the belief that holding onto cryptocurrencies can lead to significant gains in the long run, despite short-term price fluctuations.
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• Jan 14, 2022 · 3 years ago
  At BYDFi, we don't use the term 'kona' specifically, but we do encourage our users to consider long-term investment strategies when it comes to digital currencies. Holding onto a well-researched and promising cryptocurrency can potentially yield substantial returns over time. It's important to stay informed and make informed decisions based on market trends and analysis.
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