What does hodl mean in the world of cryptocurrency in China?

2 answers

• Dec 26, 2021 · 3 years ago
  Hodl, which stands for 'hold on for dear life,' is a term commonly used in the world of cryptocurrency in China. It signifies the act of holding onto your digital assets and not selling them, even during market downturns. The term hodl originated from a Bitcoin forum post in 2013, where a user misspelled 'hold' as 'hodl' in a drunken rant. Since then, hodl has become a popular term among Chinese crypto enthusiasts, representing their determination to stay invested in the face of volatility. It has also become a meme and a symbol of resilience within the crypto community in China. BYDFi, a leading cryptocurrency exchange, supports the hodl mentality and encourages its users to stay committed to their long-term investment goals.
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• Dec 26, 2021 · 3 years ago
  Hodl, a term widely used in the world of cryptocurrency in China, refers to the strategy of holding onto your digital assets without selling them, regardless of market conditions. It is believed to have originated from a Bitcoin forum post in 2013, where a user misspelled 'hold' as 'hodl' in a drunken state. Since then, hodl has become a popular term among Chinese crypto enthusiasts, representing their belief in the long-term potential of cryptocurrencies. In China, hodl is often used as a mantra to encourage investors to stay patient and not succumb to short-term market fluctuations. It has become a symbol of resilience and conviction within the Chinese crypto community.
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