Hodl is a term that Bitcoin users should know and hear frequently. Bitcoin investors are familiar with the term hodl. It has no dictionary meaning in either English or Turkish. Hodl means buying a cryptocurrency and holding it. The term was born years ago when a user on a Bitcoin forum made a typo instead of writing “hold”. Hodling means holding on to an investment despite a series of price drops. Investors who apply the hodl approach usually find undervalued assets and hold them for a long time.
Hodl is a word you can use to state that you will not sell your investment, which you believe will gain value in the future, even if it is currently losing value. If you have come across the phrase “hodl your bitcoin”, it means do not get rid of your bitcoins, you will make a profit in the future.
- It is a term used for cryptocurrencies.
- It means do not sell your asset.
- It is used to express the belief that it will be profitable in the long run.
