HODL
One of the oldest memes in crypto, originating from a post on the BitcoinTalk forum in 2013.
I AM HODLING
I type d that tyitle twice because I knew it was wrong the first time. Still wrong. w/e. GF's out at a lesbian bar, BTC crashing WHY AM I HOLDING? I'LL TELL YOU WHY. It's because I'm a bad trader and I KNOW I'M A BAD TRADER.
…
The term later became known as an acronym for “Hold On for Dear Life”. And simply means to never sell your crypto, no matter how rocky the market gets.
On Twitter:
Instant buying (and selling, if you don’t want to hodl) of Bitcoin is now available to most Cash App customers. We support Bitcoin because we see it as a long-term path towards greater financial access for all. This is a small step.
We also made this!
The point about DOGE that people miss is that DOGE's imperfections and simplicity are it's greatest strengths. You can only use it to do 2 things: Spend It or HODL It. Both are easy to understand. And it's cheap to buy. Which makes it a community anyone can join and enjoy.
Lessons from Bitcoin dip for newbies:
1. Hodl, don’t day trade
2. Don’t use leverage
3. Size your position
4. Ignore the FUD
5. Be patient
Remember these for next time :)
Final Thoughts
The crypto market can be a volatile one, especially as we are still in it's early stages. When things get tough, just remember to hodl.