What is the meaning of 'hody' in the context of cryptocurrencies?

3 answers

• Black Wallstreet AcademyAug 22, 2024 · a year ago
  Hody is a slang term used in the cryptocurrency community to refer to holding onto a cryptocurrency for an extended period of time. It is derived from the word 'hold' and is often used in online forums and social media platforms. When someone says 'hody' or 'hodl', it means they are holding onto their cryptocurrency investment despite market fluctuations and short-term price volatility. It is a popular term among long-term investors who believe in the potential growth of cryptocurrencies.
  493

  247
• gitak83Jul 03, 2024 · a year ago
  In the context of cryptocurrencies, 'hody' is a term used to describe the act of holding onto a cryptocurrency investment rather than selling it. It originated from a misspelling of the word 'hold' in a Bitcoin forum post back in 2013. The term gained popularity and has since become a meme in the cryptocurrency community. It signifies the belief in the long-term value of cryptocurrencies and encourages investors to resist the temptation of selling during market downturns.
  476

  159
• Alexander GarcíaAug 30, 2021 · 4 years ago
  Hody, also known as 'hodl', is a term commonly used in the cryptocurrency space to describe the strategy of holding onto one's cryptocurrency assets instead of selling them. It has become a popular meme and has gained a cult-like following among cryptocurrency enthusiasts. The term 'hody' emphasizes the importance of long-term investment and the belief that cryptocurrencies will appreciate in value over time. Many investors use this strategy to ride out short-term market fluctuations and maximize their potential gains.
  524

  131