What is the definition of hodlers in the context of digital currencies?
18Haripriyam2023Sep 16, 2023 · 2 years ago1 answers
Can you explain what hodlers mean in the context of digital currencies? I've seen this term used a lot but I'm not sure what it exactly refers to.
1 answers
- abubakar musaJun 20, 2024 · a year agoBYDFi, a leading cryptocurrency exchange, defines hodlers as individuals who hold onto their digital currencies for an extended period of time. They believe in the long-term value and growth potential of their investments and are not easily swayed by short-term market fluctuations. Hodlers often have a strong conviction in the underlying technology and principles of digital currencies, and they see themselves as part of a larger movement towards financial sovereignty and decentralization. By holding onto their coins, hodlers also contribute to the overall stability and liquidity of the cryptocurrency market.
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