What does HODL mean?

Brief summary

✔️ HODL means Hold On for Dear Life.

HODL is an abbreviation for Hold On for Dear Life. This terminology was actually made up for it later.

It so happens that in 2013 on the Bitcointalk forum, the user GameKyuubi posted a message titled: "I AM HODLING". It is a very funny post, in which the writer uses rather colorful language and in which he explains that he can't do a damn thing about trading. By his own admission, therefore, he was on whiskey.

This post has now been read nearly a million times and now you can add a read to it. A mild suggestion is that you do just that. A piece of crypto history.

Surely not wasted time, that minute? The topic now has more than 2,600 responses. So it has stirred something up.

What he meant to say, of course, was "I am holding on." But the term was coined and later it was made into the acronym HODL meaning Hold On for Dear Life. By which is meant that you buy a coin and keep it in your wallet for a very long time. This is most commonly done with Bitcoin.

HODL has even become known as a serious investment strategy. You hold a coin until you at least make a profit on it.

Many new traders have quite a tendency to buy and sell on it and at some point realize that they are only losing money doing this. Perhaps after reading this piece, they will have an aha Erlebnis and hold certain coins more firmly after all.