HODL: The Cryptocurrency "Hold On for Dear Life" Strategy Explained
HODL is a slang term in crypto that means to buy and hold indefinitely.
This means not selling when the market goes down or becomes unstable.
Sometimes, it is said to mean "hold on for dear life."
HODL originated from a typo of "holding" into "hodling" in an online post in 2013.
Today, it is a core principle of many Bitcoin and crypto believers. The term originated from an online post in 2013 on the Bitcointalk forum where the typo appeared. The price of Bitcoin in 2013 was highly volatile at that time, soaring over $950 in early December 2013, up from just a little over $130 in April of the same year.
