What does HODL mean in crypto? HODL is a term the cryptocurrency community use for holding the cryptocurrency rather than selling it.
Example: Don’t sell, never sell, just HODL.
HODL is probably the most famous typo among the crypto community. On December 18, 2013, a user named ‘GameKyuubi’ wrote “I AM HODLING” as the subject line of a BitcoinTalk thread, trying to say hanging on to the crypto holding for the long term. GameKyuubi wrote:
“I type d that tyitle twice because I knew it was wrong the first time. Still wrong. w/e. GF’s out at a lesbian bar, BTC crashing WHY AM I HOLDING? I’LL TELL YOU WHY. It’s because I’m a bad trader and I KNOW I’M A BAD TRADER.”
Hold On for Dear Life
Originally, GameKyuubi yelled out “I AM HODLING” as a warning to newbies in the crypto trading market. Since then, HODL has become a strategy for people who admit they do not have the skills to do short-term trades.
Later, HODL was retrofitted to be an acronym for “Hold On for Dear Life”. During a bear market, investors may “hodl” a certain coin or token, even during the price drop and strong market volatility, and to ride it out until a bullish market returns. A person who does this is known as a Hodler (baghodler, ex-hodler, landhodler).
The term HODL has also inspired the creation of a similar term, BUIDL, which refers to a call to arms for building and contributing to the blockchain and cryptocurrency ecosystem, regardless of price changes.