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What is the meaning of hodl in the crypto world?

avatarPothireddy SushmithaDec 26, 2021 · 3 years ago1 answers

Can you explain the meaning of hodl in the crypto world? I've seen this term being used a lot but I'm not sure what it exactly means. How does hodling relate to cryptocurrency investments?

What is the meaning of hodl in the crypto world?

1 answers

  • avatarDec 26, 2021 · 3 years ago
    Hodl, short for 'hold on for dear life', is a term often used in the crypto world. It has gained popularity as a strategy for long-term cryptocurrency investors. When you hodl, you resist the temptation to sell your coins during market downturns and instead hold onto them with the belief that their value will increase over time. Hodling requires patience and a strong conviction in the potential of the chosen cryptocurrencies. Many investors see hodling as a way to ride out the volatility of the crypto market and potentially reap significant profits in the future. However, it's important to note that hodling is not without risks, and it's crucial to stay informed about the latest developments in the crypto space.