What is the meaning of 'hodl' in the context of cryptocurrencies?

1 answers

• Leelasri AJun 16, 2021 · 5 years ago
  Hodl, short for 'hold', is a term used in the cryptocurrency community to describe the act of holding onto your digital assets rather than selling them. The term gained popularity during a time of market volatility when a Bitcoin investor misspelled 'hold' as 'hodl' in a forum post. Since then, hodl has become a widely recognized term and has been embraced by cryptocurrency enthusiasts. Hodling is often seen as a long-term investment strategy, as it involves resisting the urge to sell during market downturns and instead waiting for the value of your assets to potentially increase over time. It's important to note that hodling does not guarantee profits, as the cryptocurrency market can be highly unpredictable. However, many investors believe in the long-term potential of cryptocurrencies and choose to hodl as a way to ride out market fluctuations and potentially benefit from future price increases.
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