hodl HODL - Explained for Beginners

[Mohammadnour 1372]

It's very nice to know such things. When I read that the price of Bitcoin was only $ 20, I read the text again 😂, thank you for this post. I learned that we must distinguish well between long-term investing and trading through this bitcoin story

[M noman iqbal 428]

HODL is one of the most ovverated things to do in crypto, i think hodling back in the days was easy because it was a fresh market and it still have big room to grow, but right now its just too risky to hodl any coin for such a long time.

[Pablo456 400]

This topic and this information that you are giving is very useful and more for beginners because at least now they will be able to know what hodl is since you are giving information about what it is and now anyone who wants to know can come to this topic that you have made so that you can know what it is and have that information.

[Jasmin123 698]

On 8/21/2020 at 1:32 PM, BTC Future said:

As a beginner in cryptocurrencies, I also wanted to learn what HODL means and what are the origins of this phrase. I remember people crying HODL back in 2017 for months until eventually the price of Bitcoin reached $20,000 (and probably most hodlers sold).

 

Back in 2013 Bitcoin was in another bubble. Price at the beginning of the year was around $10-20 and managed to do two parabolic runs, one up to $250, which crashed back to $60 in a few weeks, and Bitcoin instantly began its next parabolic rise that eventually reached $1200 at the beginning of 2014.

BTC price in 2013 - From $15 to $1160 (Bitstamp exchange)

 

Somewhere between November 2013 with the price of Bitcoin at ~$200 a bitcointalk member with nickname GameKyuubi posted a new thread with the title "I AM HODLING" that created the epic phrase HODL. 

 

HODL was a typo as GameKyuubi was drunk at the time of writing that post and he also explained the reasons behind HODLING. 

You can read this legendary post on this link.

 

Hodl, basically means that we invest in Bitcoin instead of trading it. We Hodl, sit back and relax while occasionally watching the price rising. Basically, this is proper investing and it meant that there were people that thought of Bitcoin as an actual asset while too many were just looking for quick profits out of it.

HODL does not mean "hold on for dear life" as some people claim. This was just a later explanation by some Bitcoiner but is incorrect.

 

Best person to explain HODL is captain Picard with this meme:

 

Enjoy Bitcoin and HODL.

 

 

Yes dear  friend you are absolutely right holding Bitcoin is beneficial but you should  buy Bitcoin when the rate of the Bitcoin is low and then hold it and wait for the time when the rate of Bitcoin is high and many people get profit for from this method and I also have seen that many people in the past and get profit through this method.

[Harry Potter 870]

elephant thanks a lot for sharing your ideas and things and that information you shared is very valuable for the business I'm outside number of people that are here on this platform who share their experience and information for The weakness on daily basis and thanks a lot to you again because your information is very variable for us

[Raomon 295]

I think it means keeping your currency that you own in your wallet and not trading it. It is a typo and means "hold". We store our currency to know the market position for a certain period or possibly for a long time

[Anusha cm 0]

HODL means long term cryptocurrency storage. Initially this term originated from the misspelling of the world hold as holding is a strategy for buying and storing bitcoin and other cryptocurrencies for an extended period.

[mgdsada 133]

Thank you my friend, I am new here and I am still learning from this wonderful forum about cryptocurrencies

[Carmelo Lames 1083]

This simple word and its meaning can save you from losses, fear can often make us sell our coins in losses, so it is important to HOLD, retain those coins until a minimum of recover your investment, because you do nothing buying and if it drops in price, sell In losses, it is a bad decision, those who bought btc in 2017 before the fall and were in HOLD until December 2020, when the price recovered, were able to recover the investment plus profits.

[natooal 22]

hodl is a slang word in the bitcoin community firs the said it means hold on for dear life then it turned out that it is a drank misspelling of the word hold 

[Pereira 2303]

HOLD is one of the things that every trader in the world of cryptocurrencies has to understand and respect, even if this makes us completely nervous, there are times when we buy a cryptocurrency to double our investment, but at the moment when we are losing by one terrible decision we have to keep it in HOLD until the same price rises, it is difficult to say this, but even if the HOLD hurts, we must comply and be patient in this.

[Ramossss 963]

I think you provided a simple and easy explanation of the meaning of the word HODL in the crypto world, for me this is the first time that I know the true meaning of this word, I thought it had something to do with the rise in the price of Bitcoin to a certain extent and used by most people who work in the cryptocurrency market

[Amelia1971 1338]

Sorry but I am very amused by the captain picard meme and seriously I did not know the history of the word hodl I always believed that it was one more of the cryptographic currencies since there are so many that sometimes we do not get to know them all we always have in mind the most popular is therefore my ignorance.

[Reaz2021 25]

There are many Bitcoin users who make big bucks without any risk.

They just bought lots of bitcoins and kept them for a long time and then sold them when the price of bitcoin went up and it is possible that bitcoin will grow in an unprecedented way in the coming months and exceed $ 20,000 and this is a

Opportunity to make big profits for many Bitcoin users

[Reta 1285]

Thank you for this adequate explanation and nice words, my friend, especially for beginners who do not have sufficient experience yet in many terms regarding the world of cryptocurrencies and how to trade and invest them .. I wish you success and success.

[Shadi29 871]

Thank you, wonderful member. You provide very useful information to every member of this forum about the encrypted currencies and their investment, with your wonderful explanation and the distinguished presentation that you made. The investment was given the right from the explanation and provided a graph representing the price of Bitcoin in the last period.

[Mohammed33 461]

HODL is a term for “hold on” and later became an acronym for the phrase “hold on for dear life”. It might be the most popular term in the cryptocurrency world, and it actually started as a slight misspelling. In 2013, a member of the Bitcointalk forum wrote an article describing the reasons why it retained its tokens, even though the markets were bearish at the time. However, he misspelled the word "holding", which means retaining symbols, and wrote it "hodling". Hence, this writing error became very common and eventually developed into the short name. Most of the time you will see this term used in the chat box on your favorite digital currency website.

[mannbdul 562]

Appreciate you for being such a great supporter. Through your wonderful clarification and knowledgeable introduction, you give very useful information to any member of this forum about encrypted currencies and their investment. The investment was given the right from the clarification and a graph depicting the price of Bitcoin in the previous cycle was shown.

[Linaa2999 1645]

Every day I learn new information about the world of cryptography, trading and investment, I see that I need more information in order to reach the level of experience required for professionalism in the field of cryptography

[Bstact 130]

I think it is a good information HDL hodl bought Park very informative technology but you have flipping the Bitcoin in 2020 I would like to add the current worth of Bitcoin is approximately $60000 per Bitcoin and soon it will more increase.

[abohasnn9 2401]

Thank you, my friend, for this valuable information about Bitcoin's rise in 2017 in general and what is the HODL in particular is a very good thing, and now you motivated me to do a nail in Bitcoin and how it works in the long-term investment in a big way This rise is very good and I recommend this term  Well, I call people and the appropriate place in general that this term hodl I did not know about this term that I did not know before, and I thank you very much for you have activated this term in general, thank you very much.

[Mudassar ch 17]

This is a fascinating article. I actually enjoyed hearing this story and the fact that the hodl is practically on hold. I also believe this argument because Bitcoin is unquestionably one of the most sought-after cryptocurrencies. As a result, consumers must be more than just traders. They must be the ultimate investors in order to make a lot of money, and this can be accomplished by hanging on to your Bitcoins for dear life, as this will be extremely advantageous in the long run.

[Rahaf088 683]

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1. Do not copy the comments of others .
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[Alan Johns 258]

Useful information that would surely sort out the confusion of many people and will help to learn about HODL who are unknown to this term. Well written informative post.