The Crypto currency is the mode of money exchange today. It is free of demonetarisation and intervention from the government that affects the protection of your assets. It can also exchange globally, so crypto is a good choice, isn't it?
The world of Crypto is another universe. If you enter Telegram in any crypto trading chat room. Then you find it surprising that any of their interactions you are unable to understand. They used jargons and terminologies that you had not heard in your life, people who were familiar with using crypto world. This is hard for a beginner to grasp.
HODL
HODL meaning cryptocurrency community for holding the cryptocurrency without selling it. This term was first used as a mistake, but later HODL meant the favorite crypto mantra. It is mostly used to hold Bitcoin, but it is now often used to identify holding other cryptocurrencies and tokens such as Ethereum.
In 2013, the first-time HODL meaning crypto world became relevant on the Bitcoin talk forum and was first used under the thread "I AM HODLING" by a member called GameKyuubi.
In 2013, the price of bitcoin rose from less than $15 in January 2013 to a high of over $1,100 in early December 2013. From 24 hours until 10:00 a.m. According to Coin Desk's bitcoin price index, UTC, Dec. 18, likely in reaction to news of a Chinese crackdown, the price of bitcoin dropped 39 percent, from $716 to $438. GameKyuubi posted "I AM HODLING" at this time, an intoxicated, semi-coherent, typo-laden rant about his poor trading skills and determination to simply keep his bitcoin from that point on being written in the reference mispelling HODL crypto currency that he is now determined to hold.
This mispelled holding, as HODL, has since become very common in the world of cryptocurrencies. Any time a person says that he/she holds or implies that HODL crypto will one day, if not today, become profitable.
HODL means much more
HODL crypto byword soon after an approach to investing in cryptocurrencies that drives trading based on short-term price fluctuations. This strategy reflects that inexperienced traders are likely to botch their attempts to time the market and lose or make less money than they would just hold on to their coin.
Short-term fluctuations aside, the long-period instability of cryptocurrencies defies familiar logic. From 2011 to 2013, the price shot up by 52,000 percent, then plummeted more than 80 percent over the following year. It is said that it could go "to the moon" or crash to zero in the history of the cryptocurrency.
HODL is more than a tactic for reigning in profit emotions for hard-core cryptocurrency believers, known as maximalists. These real believers in hodl mean crypto keeping because they believe that all currencies will be cryptocurrencies and have become the backbone of all potential economic structures.
