The term HODL and the philosophy of crypto
The story begins in 2013, when the price of Bitcoin was experiencing sharp fluctuations. In the "Bitcoin Talk" forum, a user wrote a desperate post titled "I AM HODLING". The misspelling of the word "Holding" was evident, but the message was very clear: instead of selling the coin in a downturn, his decision was to hold onto it.
This mistake turned into a slogan for investors who believe in the long-term value of Bitcoin and other cryptocurrencies. "HODL" has come to represent a strategy based on patience and confidence, rather than making hasty decisions based on daily market fluctuations.
There are two main aspects to this philosophy:
The psychological aspect: "HODL" requires strong psychological discipline. In the face of huge volatility, it can be difficult to watch your investments decline without taking any action. But the philosophy of "HODL" pushes you to overcome fear and panic.
The investment aspect: proponents of this strategy believe that cryptocurrencies are "rare" assets that will increase in value over time, like gold. Therefore, short-term fluctuations do not matter much compared to the value that can be realized after many years.
Thus, "HODL" is more than just a term; it's a complete investment approach that calls for patience and confidence
