HODL
HODL is a misspelling of “hold” that has become a popular term in the Cryptocurrency community. It refers to the strategy of holding onto cryptocurrencies rather than selling them, regardless of market fluctuations. The term originated from a 2013 Bitcoin forum post where a user mistakenly wrote “HODL” instead of “hold.” Over time, it has evolved into an acronym for “Hold On for Dear Life.”
Examples:
- Case 1: An investor buys Bitcoin at $1,000 and decides to HODL it despite the price dropping to $500, believing it will rise again.
- Case 2: A group of Cryptocurrency enthusiasts encourages new investors to HODL during market downturns to avoid panic selling.