by Hodler Ash 
HODL Meaning In Crypto
Crypto currency is today’s mode of money exchange. It is free from demonetarisation and those type of government interference that affect security of your money. It can also trade throughout the world so crypto is a good choice, isn’t it?
Crypto world is another universe. If you join any crypto trading chat room on Telegram. Then you find it surprising that you are not able to understand any of their conversations. People who were familiar using crypto world they were using jargons and terminologies that you hadn’t heard in your life. This is difficult for a beginner to understand. Here we are trying to make you familiar with a word, HODL meaning crypto world.
What Is HODL Meaning In Crypto World ?
HODL meaning cryptocurrency community for holding the cryptocurrency without selling it. This word is first used as an accident but later HODL meaning crypto favorite mantra . It is mainly used in relation to holding Bitcoin but now it is also used to describe holding other cryptocurrencies and tokens like Ethereum.
How HODL Meaning In Crypto Word Came Up ?
First-time HODL meaning crypto world got significant on Bitcoin talk forum in 2013 and it was used firstly by a member named GameKyuubi under the thread “ I AM HODLING ”.
in 2013 when the price of bitcoin had surged from under $15 in January 2013 to a high of over $1,100 at the beginning of December 2013. In the 24 hours to 10:00 a.m. UTC, Dec. 18 – possibly in response to reports of a Chinese crackdown – the price of bitcoin fell 39%, from $716 to $438, according to Coin Desk’s bitcoin price index. At this time GameKyuubi posted ” I AM HODLING ” a drunk, semi-coherent, typo-laden rant about his poor trading skills and determination to simply hold his bitcoin from that point on being he writes in the reference misspelling HODL crypto currency he is now decided to hold.
Since then, this misspelled holding as HODL that term became very popular in the crypto currency world. Whenever a person says that he/she is holding or suggests to HODL crypto will become profitable one day, if not today.
HODL Meaning In Crypto Strategy And Philosophy
soon HODL crypto byword for an approach to cryptocurrency investing that puse trading based on short-term price moves. This approach mirrors novice traders are likely to botch their attempts to time the market and lose money or make less than they would simply holding onto their coin.
Short-term swings aside, crypto currency’s long-period volatility defies familiar logic. The price shot up by 52,000% from 2011 to 2013, then plunged by more than 80% over the following year. Throughout the history of the cryptocurrency, it is said that it may go ” To the moon ” or crash to zero.
For hard-core believers in cryptocurrency, known as maximalists, HODL represents more than a strategy for reigning in profit emotions. These true believers in hodl meaning crypto holding because they think cryptocurrencies will all currencies and became the basis of all future economic structures.
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