HODL is a slang term that is commonly used in the cryptocurrency community. It originated in a 2013 Bitcoin forum post in which a user named GameKyuubi suggested that instead of selling his Bitcoin during a market dip, he would “HODL” (a typo of “hold”) onto it. Afterwards, HODL was retroactively made an acronym that stands for “Hold On for Dear Life”.
The term caught on and became a rallying cry for Bitcoin and cryptocurrency investors who believe in the long-term value of their investments, even during times of market volatility or uncertainty.
Today, the term HODL is often used to refer to the act of holding onto a cryptocurrency investment for the long term, even in the face of market volatility or bearish conditions.
HODLers are typically seen as believers in the fundamental value and potential of cryptocurrencies, and are willing to hold onto their investments even through difficult times in the market.
In general, the term HODL is used as a verb, as in “I am going to HODL onto my Bitcoin” or “We are HODLing onto our Ethereum investments”. It is often used as a tongue-in-cheek reference to the volatility and uncertainty of the cryptocurrency market, and the belief that staying the course and holding onto one’s investments is the best way to succeed in the long run.
« Back to Glossary Index