What does it mean when someone tells me to hodl my cryptocurrency?

7 answers

• Kumar KanwarJul 26, 2021 · 4 years ago
  Hodl is a term that originated from a misspelling of 'hold' in a Bitcoin forum post. It has since become a popular slang term in the cryptocurrency community. When someone tells you to hodl your cryptocurrency, they are advising you to hold onto it instead of selling or trading it. The idea behind hodling is that cryptocurrencies are volatile and have the potential for significant price increases over time. By hodling, you are betting on the long-term success of the cryptocurrency.
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• Abhijit SutarOct 25, 2023 · 2 years ago
  Hodl is like the 'diamond hands' of the cryptocurrency world. It means staying strong and not giving in to the temptation of selling your cryptocurrency, even during market downturns. It's a strategy that requires patience and belief in the future value of your investment. So, when someone tells you to hodl your cryptocurrency, they are encouraging you to stay resilient and not panic sell.
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• Mouritzen GouldNov 21, 2023 · 2 years ago
  When someone advises you to hodl your cryptocurrency, they are suggesting that you hold onto it and not sell it. This advice is often given during periods of market volatility or when the price of a particular cryptocurrency is experiencing a downturn. By hodling, you are essentially betting on the long-term potential of the cryptocurrency, rather than trying to time the market or make short-term gains. It's a strategy that requires patience and a belief in the underlying value of the cryptocurrency.
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• Jurgen DebedtsAug 16, 2020 · 5 years ago
  Hodl, which stands for 'hold on for dear life,' is a popular term in the cryptocurrency community. It means holding onto your cryptocurrency investments, regardless of short-term price fluctuations. When someone tells you to hodl your cryptocurrency, they are advising you to have a long-term perspective and not be swayed by market volatility. It's a strategy that is often associated with the belief that cryptocurrencies have the potential for significant growth in the future.
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• Schofield TerkelsenJun 25, 2020 · 5 years ago
  When someone tells you to hodl your cryptocurrency, they are essentially telling you to hold onto it and not sell it. This advice is based on the belief that cryptocurrencies have the potential for long-term growth and that trying to time the market or make short-term gains can be risky. By hodling, you are taking a more passive approach to investing in cryptocurrencies and betting on their long-term success.
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• farhanancaryMar 07, 2022 · 4 years ago
  Hodl your cryptocurrency simply means to hold onto it and not sell it. This advice is often given during periods of market volatility, when prices are fluctuating rapidly. By hodling, you are essentially betting on the long-term potential of the cryptocurrency, rather than trying to make quick profits by trading it. It's a strategy that requires patience and a belief in the future value of the cryptocurrency.
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• Jacob AtakoraSep 19, 2020 · 5 years ago
  As an expert in the cryptocurrency industry, I can tell you that hodling your cryptocurrency means holding onto it and not selling it. This strategy is based on the belief that cryptocurrencies have the potential for significant long-term growth. By hodling, you are essentially betting on the future success of the cryptocurrency and avoiding the temptation to sell during market downturns. It's a strategy that requires patience and a strong belief in the underlying value of the cryptocurrency.
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