For many, cryptocurrencies remain a mysterious concept shrouded in terms such as blockchain, coins and ledgers.
HODL is a commonly used term in the cryptocurrency world. Born from a typo of the word “hold” in a 2013 post on the Bitcoin forum, it has since become a popular term among cryptocurrency enthusiasts. HODL generally refers to the practice of holding Bitcoin or other cryptocurrencies for the long term, rather than selling them, in the belief that their value will increase over time.
The term has become a rallying cry for those who believe in the long-term potential of cryptocurrencies and are willing to “HODL” on their investments even in times of market volatility.
What does HODL mean?
HODL is an abbreviation from the English “hold on for dear life“. Back in 2013, a user on the Bitcointalk forum wrote a post describing why he would not sell his cryptocurrencies, despite the fact that the market was collapsing. The user had misspelled “hodling” instead of “holding” (holding).
This typo went viral and and ended up becoming the most commonly used term among private investors.
Who is GameKyuubi?
In the post, a user named GameKyuubi wrote that he was “HODLing” his bitcoins, using the term to refer to holding his bitcoins rather than selling them. The term quickly caught on among other forum users and has since become a popular term used in the cryptocurrency community to refer to holding one’s investments for the long term, rather than selling them.
It is not known who GameKyuubi is or whether he is still active in the cryptocurrency community.
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