What is the meaning of hodl in the crypto world?

1 answers

• Akash NarwatOct 29, 2022 · 3 years ago
  Hodl, short for 'hold on for dear life', is a term often used in the crypto world. It has gained popularity as a strategy for long-term cryptocurrency investors. When you hodl, you resist the temptation to sell your coins during market downturns and instead hold onto them with the belief that their value will increase over time. Hodling requires patience and a strong conviction in the potential of the chosen cryptocurrencies. Many investors see hodling as a way to ride out the volatility of the crypto market and potentially reap significant profits in the future. However, it's important to note that hodling is not without risks, and it's crucial to stay informed about the latest developments in the crypto space.
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