The Origin of the Cryptocurrency Term “HODL” and its Meaning
The time period “HODL” is a misspelling of “preserve” that comes from a December 2013 BitcoinTalk forum post known as “I AM HODLING.”
The original publish mentioned holding Bitcoin no matter fluctuations in price, specifically despite it taking place inside the brief term.
The concept being that in case you understand you aren’t an excellent dealer, it is better to keep than to play guessing video games.
“HODL” instantly became a crypto meme/rallying cry and has since been used to refer maintaining any cryptocurrency through its usaand downs (be we speakme approximately preserving because it is going up in hopes of more profits, or conserving because it goes sideways or down due to faith it’ll pass up).
…”WHY AM I HOLDING? I’LL TELL YOU WHY. It’s because I’m a bad dealer and I KNOW I’M A BAD TRADER…. You most effective promote in a bear marketplace in case you are an awesome day trader or an illusioned noob. The people inbetween maintain. In a zero-sum sport such as this, buyers can handiest take your money if you sell.”…
– An excerpt from “I AM HODLING” by using GameKyuubi, December 18, 2013; These subsequently labored out to be wise phrases (and form of funny)… Which is why it became a meme.
FACT: If you read carefully above you’ll word GameKyuubi by no means actually wrote “HODL,” he clearly spelled “maintain” right inside the text of his submit. His misspelling is in the title where he writes “HODLING.”
FACT: HODL originally carried out to Bitcoin particularly, today the term is utilized in reference to any cryptocurrency or even other property.
FACT: Bitcointalk.org became began by Satoshi Nakamoto, the choices founder of Bitcoin.
The First Appearance of “HODL”
Above I offered an excerpt of the choices GameKyuubi publish that the choices HODL meme comes from. In a manner the very best way to apprehend the time period is to read the authentic post. Here is that put up and the origin story of HODL and GameKyuubi:
The True Origin of HODL, from Bitcoin talk.org Dec 18, 2013 [clean version; click the link for the unedited original]:
I type d that tyitle two times because I knew it become wrong the first time. Still incorrect. w/e. GF’s out at a lesbian bar, BTC crashing WHY AM I HOLDING? I’LL TELL YOU WHY. It’s due to the fact I’m a horrific trader and I KNOW I’M A BAD TRADER. Yeah you true traders can spot the choices highs and the choices lows pit pat piffy wing wong wang much like that and make a millino greenbacks certain no trouble bro. Likewise the susceptible palms are like OH NO IT’S GOING DOWN I’M GONNA SELL he he he after which they’re like OH GOD MY A-HOLE when the choices SMART buyers who KNOW WHAT THE F- THEY’RE DOING purchase returned in however you understand what? I’m now not a part of that group. When the investors purchase lower back in I’m already part of the market capital so GUESS WHO YOU’RE CHEATING day traders NOT ME~! Those taunt threads announcing “OHH YOU SHOULD HAVE SOLD” YEAH NO S-. NO S- I SHOULD HAVE SOLD. I SHOULD HAVE SOLD MOMENTS BEFORE EVERY SELL AND BOUGHT MOMENTS BEFORE EVERY BUY BUT YOU KNOW WHAT NOT EVERYBODY IS AS COOL AS YOU. You simplest promote in a undergo market if you are a great day trader or an illusioned noob. The human beings inbetween maintain. In a 0-sum recreation such as this, traders can best take your money in case you sell.
so i’ve had a few whiskey truly on the choices bottle it’s spelled whisky w/e sue me (but simplest if it’s payable in BTC)
The unique HODL meme submit.
The Bottomline and Lessons to Be Learned
The term HODL originates from the choices location where its genuine meaning lies, this is, it is a reminder for those of who don’t agree with themselves to make clever trades that they can usually revert to HODLING.
The unique publish was in exercise referencing HODLing thru the choices lengthy and harsh crypto crash of 2014 [although no one knew this at the time], but the basic good judgment can be implemented to any market, and certainly investors nowadays use the term in a number of special methods.
This doesn’t mean HODL is continually the first-class flow (in any case, who wants to lose 90%+, even on paper), however records teaches us that to date HODLing Bitcoin at the least has continually labored out in the end.
It hasn’t always worked that way for all cryptos, however it has for plenty…. and besides, allow’s be clear, we are at the choices give up of the day discussing a whiskey inebriated meme and not a complicated trading strategy.
This became too precise on opportunity even though. Surely it become quite smooth to react to the horrific information from China?
I sodl 1/2 my coins at $730 and that i’ll get em again at a later date when this all stabilises.
I became making plans to hodl thru the whole lot with my Bitcoins when I had a chunk of a panic at some point of a previous crash. But appeared loopy now not to sell this time…
If some thing, I probably ought to have cashed all of them out however you could in no way make certain about something with BTC so half appeared the “most secure” aspect to do. win/win.
TIP: The guy within the story above kept a few Bitcoin and deliberate to shop for the rest lower back later. This is a strong pass. Assuming he in no way offered returned, he nonetheless HOLD’d sufficient to make him happy years down the street. If he did buy some back decrease than $750, even better. Heck, he may want to have bought lower back at $1,500 or higher and been exceptional. You recognise who properly times markets? Almost no one… that is why many HODL.
People forget that the choices Spartans died in the long run
Let’s end with this nugget from the summer season of 2017:
I found this 2 yr vintage tale in Reddit about the starting place of HODL and its that means.
How you need to Hold On for Dear Life for the best of the choices then tiny Bitcoin network
How promoting at $1100 changed into a bad concept ?
We’ll need remind ourselves whilst BTC hit $3000 once more or whilst it hits $4000 or $5000
When you have got doubt about the HODL strategy , consider this story
– The starting place of HODL, Steemit.com put up.
BOTTOMLINE: “HODL” comes from a Bitcointalk put up and has a few unique meanings. At its center but, it’s miles less about HODLing whilst the price goes up (a terrific pass with a little little bit of chance mixed in), and greater approximately HODLing as the choices fee is going down (generally no longer a excellent short time period circulate as soon as a bear market has set in… however a doubtlessly rewarding pass long time because of the manner crypto has a tendency to come returned sturdy after a bear market). The 2017 meme model of HODL = Lambo is a little misleading, but the actual version of HODL is a strong flow for many traders (due to the fact maximum investors are bad buyers and crypto gains can come unexpected and quick). Also, keep in mind, crypto is unstable, and those forget that the choices Spartans died in the end.
“What Does HODL Mean?” contains records about the following Cryptocurrencies: Bitcoin (BTC)
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