What is the origin of hodl in the cryptocurrency community?
Marilexy GuerreroDec 25, 2021 · 3 years ago3 answers
Can you explain the origin and meaning of the term 'hodl' in the cryptocurrency community? How did it become popular?
3 answers
- Dec 25, 2021 · 3 years agoHodl, a misspelling of 'hold,' originated from a Bitcoin Talk forum post in 2013. The post was titled 'I AM HODLING' and the author explained that he was holding onto his Bitcoin despite the price fluctuations. The term quickly gained popularity and became a meme within the cryptocurrency community. It is now used to encourage long-term investment and to discourage panic selling during market downturns. So, hodl essentially means to hold onto your cryptocurrency assets instead of selling them.
- Dec 25, 2021 · 3 years agoThe origin of hodl can be traced back to a time when Bitcoin was experiencing a significant price drop. A user on the Bitcoin Talk forum made a typo in the title of his post, writing 'hodl' instead of 'hold.' This mistake caught the attention of other forum members, who found it amusing and started using the term as a joke. Over time, hodl evolved into a meme and a rallying cry for Bitcoin enthusiasts to hold onto their coins regardless of market conditions. It has since become a widely recognized term in the cryptocurrency community.
- Dec 25, 2021 · 3 years agoHodl, which stands for 'hold on for dear life,' originated from a forum post by a user named GameKyuubi on December 18, 2013. In the post, the user expressed his frustration with the volatility of Bitcoin and his decision to hold onto his coins despite the price fluctuations. The misspelling of 'hold' as 'hodl' in the title of the post gained attention and became a popular term among cryptocurrency enthusiasts. It has since been used to encourage long-term investment strategies and to promote the idea of staying strong during market downturns.
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