How can I understand the meaning of the term 'hodl' in the context of cryptocurrencies?

1 answers

• May 01, 2022 · 3 years ago
  HODL is a slang term that has become synonymous with holding onto cryptocurrencies instead of selling them. It originated from a forum post where someone misspelled 'hold' as 'hodl,' and the term caught on. The idea behind hodling is to resist the urge to sell when the market is down and instead wait for the price to recover. It's a strategy that many long-term investors in cryptocurrencies follow, as they believe in the potential for future growth. So, when you see people talking about hodling, they're essentially referring to the act of holding onto their cryptocurrencies and not giving in to short-term market fluctuations.
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