HODL

Hold On for Dear Life

In the context of purchasing and holding Bitcoin and other cryptocurrencies, HODL is a phrase created from a misspelling of “hold.” It has also come to signify “hang on for dear life” among cryptocurrency speculators.

HODL as a Strategy

HODL, an abbreviation for “hold on for dear life,” signifies a long-term strategy to investing in cryptocurrencies. This approach echoes GameKyuubi’s argument in the original article, which said that beginner traders are likely to fail at market timing and should instead keep their coins.

Origin of the term HODL

The phrase HODL (or hodl) first appeared in a Bitcointalk forum post in 2013.

HODL was initially a misspelling by a BitcoinTalk member called “GameKyuubi.” GameKyuubi wrote in the original BitcoinTalk topic titled “I AM HOLDING”

I typed the title twice since I knew the first time was incorrect. Still incorrect The girlfriend is in a lesbian club, and Bitcoin is crashing. WHY AM I HOLDING? I’LL TELL YOU WHY. It is because I am a poor trader, which I AM AWARE OF.

People who confess they lack the ability to engage in short-term transactions, such as scalping, day trading, or swing trading, have adopted the HODL method. The word HODL has also prompted the introduction of a related term, BUIDL, which is often used by the cryptocurrency community to refer to the several types of blockchain-based apps that are being developed.