HODL or “Hold On for Dear Life” is a term used in the Cryptocurrency market which displays efforts to hold onto your coins long term. The origin of the term HODL came from an enthusiastic Bitcoin Talk thread where the thread starter announced that he would hold . Bitcoin operates on a decentralized public ledger subject area called the blockchain for Bitcoin hold on for dear life. When consumers commit purchases victimization the metal.S. government note, banks and notation card companies examine the accuracy of those transactions. HODL, or hold on for dear life, is term coined quite recently, if I’m not mistaken, by the crypto community. It appeared for the first time in a Bitcoin forum post in late , and refers to the act of holding and accumulating cryptos, rather than trying to pick the tops and bottoms.
Bitcoin hold on for dear lifeWhat is "HODL" in the Cryptocurrency World?
This means that the price of a certain cryptocurrency or coin has broken all of its past records and is trading at the highest price it has ever achieved.
This is a term borrowed from the Wall Street people. This is a term borrowed from gambling people. This is an investor or a trader who has been holding or hodling for too long on a particular cryptocurrency and now has to face the consequences of that decision. This term refers to a trader or investor who is utterly ruined and destroyed with losses from the current downfall of a price. This refers to a cryptocurrency public address or key.
Fear, uncertainty, and doubt. This term usually refers to investors who are unsure of the potential of a situation. A deliberately distorted way of referring to China. As China is a country which is immensely influential in the Bitcoin space, it has largely dominated mining and trading activities.
Disclaimer: These terms are all used for fun and humor. I have collected them from the internet and chat rooms via various resources. Know some more common crypto jargons that I can add to this list? Let me know about them in the comments below! Like this post? Harsh Agrawal is the Crypto exchanges and bots experts for CoinSutra. He has a background in both finance and technology and holds professional qualifications in Information technology. After discovering about decentralized finance and with his background of Information technology, he made his mission to help others learn and get started with it via CoinSutra.
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