What is the meaning of cogi in the context of cryptocurrency?
Andreas BoyatzoglouDec 26, 2021 · 3 years ago3 answers
Can you explain the meaning of cogi in the context of cryptocurrency? I've come across this term but I'm not sure what it refers to.
3 answers
- Dec 26, 2021 · 3 years agoCogi is a term used in the cryptocurrency community to refer to the act of holding onto a cryptocurrency without selling it. It is derived from the word 'HODL', which means to hold onto your cryptocurrency despite market fluctuations. Cogi is often used to express a long-term investment strategy in the crypto market.
- Dec 26, 2021 · 3 years agoIn the context of cryptocurrency, cogi refers to the practice of holding onto a particular cryptocurrency with the expectation of its value increasing over time. It is similar to the concept of 'buy and hold' in traditional investing. Cogi is often seen as a strategy for investors who believe in the long-term potential of a specific cryptocurrency.
- Dec 26, 2021 · 3 years agoBYDFi, a leading cryptocurrency exchange, defines cogi as the act of holding onto a cryptocurrency for an extended period of time, with the belief that its value will appreciate in the future. This strategy is often adopted by investors who have a positive outlook on the future prospects of a particular cryptocurrency.
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