The term HODL ( or hodl ) originated in 2013 with a post to the Bitcointalk forum. The price of Bitcoin in 2013 was volatile, surging to over $ 1,100 at the get down of December, 2013, up from barely over $ 100 in April of the lapp year. Reports on Dec. 16, 2013, of a taiwanese ban on payment companies working with Bitcoin exchanges may have inspired the original Bitcointalk post .
What is HODLING ?
At 10:03 ante meridiem UTC on Dec. 18, Bitcointalk forum user GameKyuubi posted “ I AM HODLING ” —a intoxicated, semi-coherent, typo-laden rant about the user ‘s poor trade skills and decision to just hold his Bitcoin from that point on. “ I type five hundred that tyitle doubly because I knew it was amiss the beginning fourth dimension. inactive wrong. w/e, ” GameKyuubi wrote about the now-famous misspelling of “ holding. ” “ WHY AM I HOLDING ? I ‘LL TELL YOU WHY, ” he continued. “ It ‘s because I ‘m a bad trader and I KNOW I ‘M A BAD TRADER. Yeah you effective traders can spot the highs and the lows pit tap piffy wing wong wang precisely like that and make a millino bucks certain no problem bro. ”
GameKyuubi concluded that the best path was to hold, since “ You only sell in a digest marketplace if you are a estimable day trader or an illusioned noob. The people inbetween hold. In a zero-sum game such as this, traders can only take your money if you sell. ” He then confessed he ‘d had some whiskey and briefly mused about the spelling of whisk ( e ) yttrium .
Within an hour, “ HODL ” had become a meme. initially the memes referenced the movies 300 and Braveheart, but there are now countless HODL memes floating around the internet. many HODL memes now reference Game of Thrones’ Hodor .
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HODL as a Strategy and Philosophy
HODL, as an acronym for “ hold on for beloved life sentence, ” has become a mantra among crypto enthusiasts denoting a long-run approach to cryptocurrency investing. This approach mirrors GameKyuubi ‘s rationale in the original post that novitiate traders are probably to botch their attempts to time the market, and should merely hold their coin .
The prices of Bitcoin and other cryptocurrencies are notoriously volatile, but HODLers disregard tied big price swings. They plainly HODL.
For cryptocurrency maximalists, HODL represents more than a scheme for reigning in FOMO ( Fear of Missing Out ), FUD ( Fear, Uncertainty, and Doubt ), and early profit-eroding emotions. long-run crypto HODLers bide invested because they believe that cryptocurrencies will finally replace government-issued decree currencies as the footing of all economic structures. Should that occur, then the exchange rates between cryptocurrencies and decree money would become irrelevant to crypto holders .
predictably, a meme best captures this HODL maximalist doctrine. Neo from The Matrix asks Morpheus, “ What are you trying to tell me, that I can trade my Bitcoin for millions someday ? ” Morpheus responds, “ No Neo, I ‘m trying to tell you that when you ‘re ready … you wo n’t have to. ”
Can You HODL Stocks ?
While HODLing is broadly associated with cryptocurrency investors, the buy-and-hold endow scheme that it represents is not limited to crypto invest .
many stock investors “ HODL ” their investments for long periods of time, although banal prices are about always less volatile than the prices of crypto assets. Investors in stocks who buy and hold can benefit from long-run price appreciation while experiencing much less price volatility than is associated with cryptocurrencies .
frequently Asked Questions
What does it mean to HODL?
“ HODL ” originated as a misspell of “ HOLD ” ( written in all caps ), in an on-line mail by an early on Bitcoin investor. But “ HODL ”, as it has gained popularity among crypto enthusiasts, has come to mean “ hold on for lamb life ”. Crypto HODLers, like buy-and-hold stock investors, pride themselves on “ holding on ” by not selling their cryptocurrency, no matter what happens in the crypto markets .
What is the HODL coin?
HODL ( $ HODL ) is a cryptocurrency that was named based on the popularity of “ HODL ” as an expression in the crypto community. The HODL token operates using the Binance Smart Chain, and HODL token owners can earn Binance Coin rewards.
Who said HODL?
The on-key identity is nameless of the person who unwittingly coined the term “ HODL ”. The original misspelling of the parole occurred in a mail by the user “ GameKyuubi ” on the Bitcointalk.org on-line forum, at 10:03 ante meridiem UTC on Dec. 18, 2013 .