What is the definition of hodlers in the context of digital currencies?

1 answers

• Jan 14, 2022 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, defines hodlers as individuals who hold onto their digital currencies for an extended period of time. They believe in the long-term value and growth potential of their investments and are not easily swayed by short-term market fluctuations. Hodlers often have a strong conviction in the underlying technology and principles of digital currencies, and they see themselves as part of a larger movement towards financial sovereignty and decentralization. By holding onto their coins, hodlers also contribute to the overall stability and liquidity of the cryptocurrency market.
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