Since the original HODL forum was posted in December 2013, Bitcoin prices are up about 2,500%. There’s no question the HODL strategy has paid off well for GameKyuubi and other Bitcoin investors that have held onto their crypto investments. “Since Bitcoin was designed to be the ultimate hard money, most of the daily volatility is just the noise that comes from the most free market in the world responding to events in real-time.” The HODL community encourages other investors not to cash out of their crypto when prices rise and not to throw in the towel when crypto prices fall. “To HODL is an acknowledgment that while a lot of money can be made trading short-term volatility, a lot of money can also be easily lost,” Gagnon says. The HODL approach has been rewarding for long-term investors in Bitcoin, Ethereum (ETH) and other leading cryptocurrencies, as it’s helped them navigate extreme fluctuations in the crypto market.īen Gagnon, chief mining officer for Bitfarms (BITF), says HODL is more of a mentality than an investing strategy. The meme also acknowledges novice crypto investors that they are not skilled enough to profit from short-term trades amid the notoriously volatile crypto market. What Does It Mean To ‘Hodl’Ĭrypto investors quickly retrofit HODL as an acronym for “hold on for dear life,” an encouragement to other crypto investors not to sell when prices fall. Today, it refers to investors who refuse to sell their crypto regardless of how high or low prices trade. In no time, the term HODL spread like wildfire throughout the crypto world. GameKyuubi explained in the post that he planned to “hold” his Bitcoin (BTC) investments because he knew he was a bad trader. It all started when a user named GameKyuubi made a post on the crypto forum Bitcointalk in December 2013 with the title “I AM HODLING.” As with many other popular memes, the origin of HODL can reportedly be traced back to a typo.
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