Once you start to spend more time on crypto blogs, forums, Reddits, and other social sites you will quickly come across the verbs HODL and HODLing and the noun HODLer.
It soon becomes apparent that this is an important part of the vocabulary for the initiated, but you may wonder what this mysterious term means and what it stands for, but fear not, the mystery is solved below.
HODL means to hold. It was first used in relation to Bitcoin, and has come to mean holding on to your investment in your crypto of choice regardless of whether it is soaring to the moon and you're tempted to cash in or plumbing the depths and you're tempted to ditch it before it becomes completely worthless.
It was originally just a typo by a slightly drunk Bitcoin investor, but some have bought into the backronym Hold On for Dear Life.
For an excellent and highly entertaining read on the subject, including the original post that first coined the term, I recommend this: https://medium.com/dash-for-newbies/whats-the-backstory-on-the-word-hodl-27756392b698 article by Leah Stella Stephens.
Bite sized posts on cryptocurrencies like Bitcoin, Ethereum, Ripple (XRP), Litecoin and all the other blockchain based altcoins.
Showing posts with label HODLing. Show all posts
Showing posts with label HODLing. Show all posts
Tuesday, 13 February 2018
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