{"id":"hodl","version":1,"language":"en","title":"HODL","hidden":false,"content":"**HODL** is a term that is commonly used in the [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) community which refers to the practice of holding onto one's cryptocurrency investments for a long period of time, regardless of market fluctuations or other external factors. The term originated in a 2013 BitcoinTalk forum post in which a user, who was drunk at the time, misspelled the word \"hold\" as \"hodl\" and it has since become a popular meme in the cryptocurrency community. [\\[1\\]](#cite-id-xn54wqmvlaa)  \n  \n$$widget0 [YOUTUBE@VID](7pEa13vMc3w)$$  \n  \n## Origin of the Term  \n  \nThe term HODL was first coined in a 2013 BitcoinTalk forum post by a user who went by the handle \"GameKyuubi.\" In the post, the user wrote about their frustration with the volatility of the cryptocurrency market and their desire to hold onto their [Bitcoin](https://iq.wiki/wiki/bitcoin) investments for the long term, regardless of market fluctuations. The user wrote: \"I AM HODLING.\" [\\[1\\]](#cite-id-xn54wqmvlaa) [\\[2\\]](#cite-id-ij3xnu7z6fb)  \n  \nThe misspelling of the word \"hold\" as \"hodl\" in the forum post was likely a result of the user being drunk at the time, as they later admitted in a follow-up post. However, the term quickly caught on in the cryptocurrency community and has since become a popular meme and rallying cry for those who believe in the long-term potential of cryptocurrencies. [\\[4\\]](#cite-id-rh6ckuivu3b)  \n  \n## Usage in the Cryptocurrency Community  \n  \nHODL is often used as a rallying cry by those who believe in the long-term potential of cryptocurrencies and are willing to hold onto their investments, even during times of market volatility. Many in the cryptocurrency community view HODLing as a sign of conviction and commitment to the technology and its potential to disrupt traditional financial systems. [\\[5\\]](#cite-id-o5d33ryzssg)  \n  \nHODLing can also refer to the practice of buying and holding cryptocurrencies as a long-term investment, rather than actively trading them in hopes of short-term gains. This strategy is often advocated by those who believe that the long-term potential of cryptocurrencies far outweighs any short-term market fluctuations.  \n  \n## Variations of the Term  \n  \nOver time, various variations of the term HODL have emerged in the cryptocurrency community. [\\[6\\]](#cite-id-bt3sl3v5yuv) Some of the most common variations include:  \n  \n* HODLer: a person who practices HODLing  \n* HODLing: the act of holding onto one's cryptocurrency investments for a long period of time  \n* HODLing Strong: a phrase used to express commitment to the HODLing strategy, even during times of market volatility  \n* Weak HODLer: a person who is not committed to the HODLing strategy and may be prone to selling their cryptocurrency investments during times of market volatility  \n  \n## Criticism of HODLing  \n  \nWhile HODLing has become a popular meme and rallying cry in the cryptocurrency community, it has also been criticized by some. Some argue that HODLing is a form of irrational exuberance and that it ignores the fundamental risks and challenges associated with cryptocurrencies. Others have pointed out that HODLing can be a risky strategy, as the value of cryptocurrencies can go down as well as up, and holding onto them for too long can result in significant losses. [\\[3\\]](#cite-id-j59ct54jzke)  \n  \nDespite these criticisms, HODLing remains a popular term and practice in the cryptocurrency community. It continues to be used as a way to express belief in the long-term potential of cryptocurrencies and as a way to encourage others to hold onto their investments.","summary":"HODL, originating from a 2013 BitcoinTalk forum, is a crypto community term signifying the long-term holding of cryptocurrency investments despite market fluctuations.","categories":[{"id":"cryptocurrencies","title":"Cryptocurrencies"}],"promoted":0,"tags":[{"id":"Glossary"}],"metadata":[{"id":"references","value":"[{\"id\":\"xn54wqmvlaa\",\"url\":\"https://bitcointalk.org/index.php?topic=375643.0\",\"description\":\"I AM HODLING\",\"timestamp\":1670030729027},{\"id\":\"ij3xnu7z6fb\",\"url\":\"https://www.forbes.com/advisor/investing/cryptocurrency/what-does-hodl-mean/\",\"description\":\"What Does HODL Mean?\\n\",\"timestamp\":1670030802600},{\"id\":\"j59ct54jzke\",\"url\":\"https://cointelegraph.com/trading-for-beginners/day-trading-vs-long-term-cryptocurrency-hodling-benefits-and-drawbacks\",\"description\":\"Day trading vs. long-term cryptocurrency hodling\",\"timestamp\":1670030958707},{\"id\":\"rh6ckuivu3b\",\"url\":\"https://academy.binance.com/en/glossary/hodl\",\"description\":\"HODL\",\"timestamp\":1670031033418},{\"id\":\"o5d33ryzssg\",\"url\":\"https://www.investopedia.com/terms/h/hodl.asp\",\"description\":\"HODL: The Cryptocurrency Strategy\",\"timestamp\":1670031087121},{\"id\":\"bt3sl3v5yuv\",\"url\":\"https://www.bloomberg.com/news/articles/2021-05-19/what-the-heck-is-hodl-bitcoin-lingo-for-crypto-noobs-quicktake\",\"description\":\"All the Bitcoin Lingo You Need to Know This Crypto Winter\\n\",\"timestamp\":1670031475835}]"},{"id":"previous_cid","value":"Qma6bmk1MtZyoJHQdXHRsinQqW3mWczh2A73iyC44rXwSA"}],"user":{"id":"0x6753061a4cffbc0A617e57E956A298D88702a94B"},"author":{"id":"0x14B68b85E1037d1C75726b7794e99C20554f9CC3","profile":{"username":"ChiefBrain","avatar":"QmVz8G9JT9XoSCwt7qpptLfvyKM4VFWRGskupWkLZ8bZPb"}},"media":[{"name":"7pEa13vMc3w","id":"https://www.youtube.com/watch?v=7pEa13vMc3w","size":"0","type":null,"source":"YOUTUBE"}],"views":107,"events":null,"ipfs":"Qma6bmk1MtZyoJHQdXHRsinQqW3mWczh2A73iyC44rXwSA","transactionHash":"0x53883eaa7ff7139c101a69f37aced36c11fcc85402df0311752b4fd4435e811b","created":"2022-12-03T01:34:35.568Z","updated":"2023-01-19T16:07:04.687Z","linkedWikis":null,"images":[{"id":"QmbwDehPYASQc34n6PuUgjQ8ihgXQMrqnuepghZprb8sNJ","type":"image/jpeg, image/png"}]}