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What is the definition of hodlers in the context of digital currencies?

avatarMahsa AbbasiNov 26, 2021 · 3 years ago1 answers

Can you explain what hodlers mean in the context of digital currencies? I've seen this term used a lot but I'm not sure what it exactly refers to.

What is the definition of hodlers in the context of digital currencies?
Digital Currencies
Hodlers
Cryptocurrency

1 answers

  • avatarNov 26, 2021 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, defines hodlers as individuals who hold onto their digital currencies for an extended period of time. They believe in the long-term value and growth potential of their investments and are not easily swayed by short-term market fluctuations. Hodlers often have a strong conviction in the underlying technology and principles of digital currencies, and they see themselves as part of a larger movement towards financial sovereignty and decentralization. By holding onto their coins, hodlers also contribute to the overall stability and liquidity of the cryptocurrency market.

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