What Is HODL in Crypto?
Adekunle Joshua
HODL stands for "Hold On for Dear Life." It originated from a misspelling of "hold" in a Bitcoin forum post during a market crash in 2013
HODLers are long-term investors who resist the urge to sell during market volatility
Why do people choose to HODL instead of selling during price dips? The belief is that cryptocurrencies have long-term potential, and short-term market fluctuations are merely noise compared to the future gains
HODLing requires a strong mindset and patience. It's not about timing the market but having confidence in the technology and the crypto's value over time
HODLing isn't just about resisting fear during downturns. Some HODLers also participate in "DCA" (Dollar-Cost Averaging) – buying a fixed amount of crypto regularly
Beware of the "FOMO" (Fear Of Missing Out) mentality that might tempt you to abandon your HODLing strategy. Stick to your plan and avoid