HODL is a cryptocurrency slang term that means "hold on for dear life" or simply holding onto your cryptocurrency investment rather than selling, regardless of price volatility. The term originated from a misspelled forum post in 2013 where a Bitcoin investor declared he was "HODLING" during a price crash.
HODL has become a philosophy among long-term cryptocurrency investors who believe in the technology's future value despite short-term price fluctuations. It's the opposite of day trading or panic selling during market downturns.
Key Characteristics of HODL
- Origin: Misspelling of "hold" that became a crypto meme and strategy
- Long-Term Focus: Ignoring short-term volatility for long-term gains
- Emotional Discipline: Resisting urge to sell during crashes or FOMO buy at peaks
- Tax Efficiency: Avoiding short-term capital gains taxes by holding > 1 year
- Community Badge: Symbol of dedication to crypto's long-term vision
Real-World Example
An investor who bought Bitcoin at $10,000 in 2017, held through the 2018 crash to $3,000, and continued HODLing to 2021's peak of $69,000 would have achieved a 6.9x return—if they truly HODLed.
Related Crypto Terms
Understanding HODL is easier when you're familiar with these related concepts:
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