common-close-0
BYDFi
Trade wherever you are!

What is the meaning of cogi in the context of cryptocurrency?

avatarAndreas 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.

What is the meaning of cogi in the context of cryptocurrency?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    Cogi 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.
  • avatarDec 26, 2021 · 3 years ago
    In 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.
  • avatarDec 26, 2021 · 3 years ago
    BYDFi, 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.