What does 'I hodl therefore I am' mean in the context of cryptocurrency?
Arif SemarDec 26, 2021 · 3 years ago3 answers
Can you explain the meaning of the phrase 'I hodl therefore I am' in the context of cryptocurrency? What does 'hodl' mean and why is it associated with cryptocurrency?
3 answers
- Dec 26, 2021 · 3 years agoHODL is a term commonly used in the cryptocurrency community. It originated from a misspelling of the word 'hold' in a Bitcoin forum post. 'I hodl therefore I am' means that by holding onto your cryptocurrency investments, you establish your identity as a true believer in the potential of digital assets. It signifies a long-term investment strategy, where you resist the temptation to sell during market fluctuations and instead hold onto your coins with confidence.
- Dec 26, 2021 · 3 years agoHODL, in the context of cryptocurrency, is an acronym for 'Hold On for Dear Life.' It reflects the mindset of investors who choose to hold onto their coins despite market volatility. 'I hodl therefore I am' emphasizes the belief that by holding onto your investments, you are affirming your commitment to the long-term success of cryptocurrencies.
- Dec 26, 2021 · 3 years agoHODL is a term often associated with the cryptocurrency community. It represents the idea of holding onto your coins instead of selling them, even during market downturns. 'I hodl therefore I am' suggests that by adopting this strategy, you align yourself with the core principles of the crypto community, which emphasize resilience and long-term vision. At BYDFi, we encourage our users to hodl their investments and stay confident in the future of digital assets.
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