common-close-0
BYDFi
Trade wherever you are!
header-more-option
header-global
header-download
header-skin-grey-0

What is the origin of the term 'hodl' in the context of cryptocurrency?

avatarBingusNov 29, 2021 · 3 years ago3 answers

Can you explain the origin and meaning of the term 'hodl' in the context of cryptocurrency? How did it become popular and what does it signify?

What is the origin of the term 'hodl' in the context of cryptocurrency?

3 answers

  • avatarNov 29, 2021 · 3 years ago
    The term 'hodl' originated from a misspelling of the word 'hold' in a Bitcoin forum post back in 2013. The post was titled 'I AM HODLING' and the author explained that he was holding onto his Bitcoin despite the price fluctuations. The misspelling caught on and 'hodl' became a popular term in the cryptocurrency community. It signifies the act of holding onto your cryptocurrency investments for the long term, regardless of short-term market volatility. It has become a mantra for many cryptocurrency enthusiasts who believe in the long-term potential of digital assets.
  • avatarNov 29, 2021 · 3 years ago
    Hodl is a slang term that stands for 'hold on for dear life'. It originated from a Bitcoin forum post where the author expressed his determination to hold onto his Bitcoin investment, even during times of market uncertainty. The term quickly gained popularity and is now widely used in the cryptocurrency community. It signifies the belief in the long-term value of cryptocurrencies and the importance of not selling during market downturns. Hodlers are often seen as strong believers in the future of digital currencies.
  • avatarNov 29, 2021 · 3 years ago
    The term 'hodl' was first used in a Bitcoin forum post by a user named GameKyuubi in 2013. In the post, the user admitted to making a typo when trying to type 'hold' and decided to embrace the mistake by using 'hodl' instead. The term gained traction and has since become a popular meme in the cryptocurrency community. It represents the idea of holding onto your cryptocurrency investments, regardless of short-term price fluctuations. Hodlers are often seen as resilient investors who believe in the long-term potential of cryptocurrencies.