Entity: HODL
HODL is a term originating from a misspelling of 'hold' in a Bitcoin forum post, now commonly understood as 'hold on for dear life'. It refers to the act of purchasing cryptocurrency and holding onto it despite market fluctuations.
HODL
Etymology
HODL originated as a misspelling of 'HOLD' in a Bitcoin forum post, later popularized as 'hold on for dear life'.
Definition
HODL is a slang term in the cryptocurrency community that refers to holding onto a cryptocurrency without selling it, often with the expectation of long-term gains.
Historical Context
The term gained prominence in the early days of Bitcoin and has since become a common strategy among crypto investors.
Cultural Significance
HODL reflects the belief in the potential growth of cryptocurrencies and the resilience of their holders against market volatility.
Related Concepts
Other cryptocurrency slang terms include FUD (fear, uncertainty, doubt) and FOMO (fear of missing out).
See Also
A slang term in the cryptocurrency community that means holding onto a cryptocurrency without selling it, typically with the belief that it will increase in value over time.