What Does "Hold On For Dear Life" (HOLD) Mean in Crypto?

What does HOLD stand for?

The Acronym HODL is a popular Cryptocurrency slang time period that originated from a typo of the word “hold” on a web discussion board in 2013. Faced with heightened price volatility, a Bitcoin investor wrote a post titled “I AM HODLING,” misspelling the phrase “protecting.” The investor argued in choose of keePing their BTC for the duration of a marketplace Crash.

In reaction to the put up, other customers mocked the misspelling of the word “hold” inside the put up title.

The typo subsequently became normally used as an acronym for the phrase “preserve on for pricey life” (HODL). It refers back to the notion that cryptocurrency fees will rise over the long time, and investors will profit in the Event that they “HODL” thru intervals of volatility.

Cryptocurrency enthusiasts satisfaction themselves on their determination to “HODL” by now not selling their cash and Tokens even if costs pass sharply, or positive tasks come into or out of fashion.

The idea is the same as an extended-term purchase-and-maintain Method for making an investment in stocks. If an investor expects a enterprise to perForm nicely inside the destiny, they can keep a inventory for years thru multiple rate swings, believing that it will in the long run gain cost over the years.