What does hodl mean in crypto

Brief history of hodl

Information contained herein is not an offer or solicitation to buy, hold, or sell any security. The Token Metrics team has advised and invested in many blockchain companies. A complete list of their advisory roles and current holdings can be viewed here: https://tokenmetrics.com/disclosures/ What is hodl in crypto HODL is a popular cryptocurrency acronym that stands for "HOLD". In the crypto world, it means to keep your cryptocurrency investment even when the price drops. On the other hand, some people also define that HODL is short for “hold on for dear life”.

Crypto hodl meaning

To always buy and never sell, even when the price of crypto is dropping, does not seem to be a good investment. However, HODL is one of the most successful investment strategies. Why? Because users are not buying to sell in the short term where margin profits are low and risks are high. They are buying to save and make a long-term gain. If someone would look at a volatile cryptocurrency like Bitcoin, they might see that the price goes up and down erratically in a period of one or three months. However, if they look at the historical chart of Bitcoin since it was created, they will see one thing, it has been climbing steadily. What does HODL mean? Forbes have stated that HODLing is the best strategy, and the evidence does point that way. In markets of sporting volatility, which crypto certainly is, HODLing can be an excellent way to temper emotions when it’s perfectly normal to see double-digit swings daily.

HODLling Conclusion: Why Trading Crypto With PrimeXBT Is The Better Opportunity

The crypto-focused subsidiary of investing giant Fidelity Investments says Ethereum (ETH) is currently trading at... How Do You HODL? Much like the term itself, HODL encourages users to hold onto their tokens for rewards in the Binance coin (BNB) that are distributed every three days. The rewards are generated from taxes collected on transactions made by users, such as sale, purchase, or transfer of HODL tokens. The tax amount is converted into BNB tokens and a percentage of the gains is redistributed back to users from the collective liquidity pool. The prices of Bitcoin and other cryptocurrencies are notoriously volatile, but HODLers disregard even large price swings. Since then, HODL is being described as an acronym for “hold on for dear life” more and more.

Hodl crypto meaning

Rekt: Originating from the word "wrecked.” Used when referencing an investor(s) that has made a bad trade or has, in general, lost a lot of coins in some way. Like when selling their bitcoin right before the price increases significantly. You would say, “They got rekt by selling early.” (Just another reason you should HODL with Casa). The term was adopted from the digital gaming world, where it was used regularly to denote a savage loss by a player. What does HODL mean to crypto traders today? Words like Altcoin or Stablecoin are often present, but also somewhat strange ones like HODL.