HODL – Be a proud holder of crypto
For the fans of Winterfell’s gentlest giant, the call to HODL may come louder. When it comes to what to do in a crypto winter though, the community agrees the only way forward is hodling.
After a whisky or two, a certain gentleman started a thread he named “I AM HODLING”. From there the internet did what it does best and catapulted the typo to a staple acronym. On this forum, he imparted his view of the market drop that had affected Bitcoin.
Word on the street
Slang is very popular in the crypto community and HODL refers to holding or not selling cryptocurrency during a bear market. Rather, you ride it out until the price comes back up. It fits well into the community’s belief that the future of money is cryptocurrencies, and as such, people should hodl as the cryptocurrencies will increase in value.
Over time HODL came to stand for ‘Hold On for Dear Life’ as strong movements shook the market, but the concept is still the same.
Get in on the HODL huddle
If Bitcoin is the next natural step in the evolution of money, then HODLing on to your satoshis is the best call to make. Market volatility can affect your holdings drastically but you’ve only lost or gained money once you’ve sold. A problem you won’t have if you HODL. To HODL is to bet on the future. A more inclusive and accessible future that’s transparent on the blockchain.
When it comes to building for the future, patience is key. It’s what we’ve always been told about all good things – they take time. If we look at the price progression of Bitcoin we can see that while it’s been a bumpy ride in the short term over the last decade, there has been a consistent incremental increase. While this is not the be-all-and-end-all by any means, nor is it financial advice – just one of the ways we gauge value, and even when it’s unclear in which direction Bitcoin is trending.
The increase in price has also been supported by more interest, acceptance, and adoption for its use case. Each new person added to the community fuels the validation that we’re all onto a good thing. It’s the longer-term vision that drives this community and holding on means a lot (and does a lot).
HODLing is investing in the future of finance. It’s a way to get involved with this new technology and help pave the way to mass adoption.
To learn more about crypto and the acronyms that power it, check out our Learning Portal, and our Help Centre. If you can’t find the answer to your questions there reach out to us on Twitter and remember to hold the door for crypto.