What does HODL mean to crypto traders today?
A cryptocurrency that is alternative to Bitcoin. Used to describe cryptocurrencies that are not Bitcoin. Hodl meaning crypto For some, this has become synonymous with “believing” in a particular crypto. Sticking with an initial investment — even continuing to invest regardless of spikes and plunges — expresses confidence in its long-term viability.
Hodl meaning in crypto
HODLing can be a great strategy for an asset that could deliver returns for years, potentially decades. A long-term buy-and-hold strategy helps keep your emotions in check and keeps you focused on the long term, meaning your head is clearer to make smart investing decisions. Related Articles HODL Day was started by the original HODLer himself, GameKyuubi, and instituted on December 18th every year. This is the anniversary of GameKyuubi's iconic Bitcointalk post. His message, despite being candid and somewhat inebriated, struck a chord with the community and stuck.
Is HODL A Good Investing Strategy?
The original thread by GameKyuubi now has over 2,600 replies. GameKyuubi for sure has his place in Bitcoin history! Is Hodling better than trading? The idea behind HODLing is to encourage investors to maintain a firm grip on their cryptocurrencies, even when faced with fluctuations in price. Instead of succumbing to the temptation of selling during market downturns, HODLers focus on the long-term potential of their chosen cryptocurrencies.