What Does “HODL” Mean?

Over the past few years, the term “HODL” has become an integral part of the cryptocurrency community. But for those not entrenched in the culture, the term may seem daunting. This guide hopes to quickly explain what it means and its origin.

Origin

The term HODL was first introduced to the cryptocurrency world in a post made on the Bitcoin Talk forum back in December 2013. In the post, a user known as “GameKyuubi” jokingly suggested that instead of selling his Bitcoin, he was going to HODL it. The abbreviation HODL rapidly became synonymous with the term “Hold On for Dear Life” and gained traction over the years, eventually making its way into the crypto dictionary.

What Does It Mean?

At first glance one may think that HODL means to ‘Hold’ their cryptocurrency but the terms actual meaning is much more nuanced. Whether you’re a new crypto trader or a veteran of the ecosystem, HODL generally stands for holding your investments in cryptocurrency for a long period of time. This can be viewed as riding out volatile market cycles and remaining fully invested for the long run.

Conclusion

In conclusion, the term HODL is an integral part of the cryptocurrency community. Its origin traces back to the Bitcoin Talk forum where a user suggested that instead of selling his Bitcoin, he was going to HODL it. In reality, the term HODL suggests that investors hold onto their cryptocurrency investments for the long run, regardless of the volatile market cycles.