Why do people say 'I hodl therefore I am' in the cryptocurrency community?

3 answers

• Dec 27, 2021 · 3 years ago
  The phrase 'I hodl therefore I am' is a play on the famous philosophical statement 'I think therefore I am' by René Descartes. In the cryptocurrency community, 'hodl' is a term that originated from a misspelling of 'hold' in a Bitcoin forum post. It has since become a popular meme and rallying cry for long-term cryptocurrency investors. The phrase 'I hodl therefore I am' reflects the belief that holding onto cryptocurrencies despite market fluctuations and volatility is a defining characteristic of true cryptocurrency enthusiasts. It signifies the conviction and dedication to the long-term potential of cryptocurrencies.
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• Dec 27, 2021 · 3 years ago
  Well, you see, in the cryptocurrency community, 'hodl' is like a secret code word. It stands for 'hold on for dear life'. When people say 'I hodl therefore I am', they're basically saying that they believe in the future of cryptocurrencies and are committed to holding onto their investments no matter what. It's a way of showing loyalty and confidence in the technology and the potential it holds. So, if you hear someone saying 'I hodl therefore I am', you know they're a true believer in the crypto revolution.
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• Dec 27, 2021 · 3 years ago
  As a representative of BYDFi, I can tell you that the phrase 'I hodl therefore I am' is widely used in the cryptocurrency community to express the mindset of long-term investors. It emphasizes the importance of holding onto cryptocurrencies instead of constantly buying and selling based on short-term market movements. By hodling, investors believe they can ride out market volatility and potentially benefit from the long-term growth of cryptocurrencies. It's a way of saying that being a hodler is a fundamental part of their identity as a cryptocurrency enthusiast.
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