Why HODL not HOLD?

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Avatar for Jane
Written by
3 years ago

December 21, 2020

Have you ever thought why is it called HODL not HOLD?

That was the first question I asked myself when I first heard about HODL. Did they misspelled it? For sure you guys thought the same too. So let me share to you why it's called HODL. In fact, it's having its anniversary this month.

Just zoom it guys..

The term HODL originated in December 2013 Bitcoin Forum post by a user named GameKyuubi. The entry was entitled "I AM HODLING" and followed by the first sentence “I type d that tyitle twice because I knew it was wrong the first time". It was obvious that the user was drunk at that time of posting as it was loaded with typos and in all caps phrases.

In that post, he ranted regarding his poor trading skills. The price of Bitcoin was also plummeting at that moment, and because of his frustration he made that post and planned to just hold his Bitcoin. His post also stated, “You only sell in a bear market if you are a good day trader or an illusioned noob,” and “In a zero-sum game such as this, traders can only take your money if you sell.”

The post rapidly circulated among the crypto community and the mispelled "HODL" turned into internet slang to imply when a crypto user prefer to hold Bitcoin instead of trading it.

The term was later considered as traders' strategy given the volatility of the crypto market. "HODL" refers to a buy-and-hold situation where hodlers hold their crypto and stop from trading when the crypto price value plunges. The hodlers are safe from trading inclinations - whether buying at a high price or selling at a low price.

And this term "HODL" often backronymed to "Hold On Dear Life". It also becomes the "favorite mantra" for crypto holders during market routes.

Source:
https://www.coindesk.com/the-history-of-hodl-bitcoins-best-worst-trader?amp=1


So guys, what do you plan to do to your crypto now that almost all coins are going down? 🤣🤣

To HODL or not to HODL?

I wanna know your answers below. 😊

Seriously, I was so busy the whole day and feel sad at the same time seeing my favorite crypto going down, AGAIN. Many were hoping it to reach $400, but, you know what happen. 🤣🤣 Hayst. And the @TheRandomRewarder ? Hopeless... 'Itutulog ko nalang to. Lol'

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3 years ago

Comments

To hodl cuz that's the only thing i can get right rn 😂😂😂 so that's where the term came from lol. Wjo knew drunk slang could become that big

$ 0.02
3 years ago

True.. And this man become famous lol

$ 0.00
3 years ago

It was just spelling mistakes driving by too much emotions because of failure trades 😆 and became a catastrophe in crypto space then, they give meaning which is “hold on for dear life”.

$ 0.02
3 years ago

Gansa rn ng backronym na hold on for dear life . pwd maapply sa real life 🤣

$ 0.00
3 years ago

Yes, i thought at first that it was a typo.. Then i realized people are using the term instead of the correct spelling.. I didn't use the term at first coz i don't know what that means until I read an article that explains it very well.. From then on, confident na ako sa term na HODL.. And yes, kapit pa rin! Laban lang kahit sobrang baba ng kinabagsakan. 🤣🤣🤣 - $13..

Btw, balak ko iswap yung slp ko sa btc ngayon kasi nasa 307 na.. Pero saka na siguro pag bumaba pa.. Kahit 299 man lang. 😅😅

$ 0.02
3 years ago

D natn alam kung bababa pa yan.. Pilit n lumalaban si bch 🤣

$ 0.00
3 years ago

Lol. The funniest part is, ever since I've been into crypto I've not even for once think about finding out the reason why it's called hodl instead of hold. Nice one dear

$ 0.02
3 years ago

Now you know 🤣🤣

$ 0.00
3 years ago

Hahaha! I am Hodling too. After buying at a high price (like what I always do when I get FOMOd), I am left with no choice. Gusto ko pa naman magtrade kasi parang alam ko na strategy, kaso traydor ang market. So hodl nalang din. 😂😭

$ 0.02
3 years ago

Wag ka magtraden kpg volatile ang market. Nalugi ako $17 the other day sa future. Kya stop muna ako..spot lng muna

$ 0.00
3 years ago

Hindi na talaga. Hahaha! -$200 na PNL ko. Nakakaiyak pero itatawa nalang. 😂 HODL is the key. Hahaha

$ 0.00
3 years ago

Ano nga meaning ng PNL? Diba pa achieve ka na sana sa goal mo? -$20 na lang dapat yun dba tas biglang eto na naman. 😅

$ 0.00
3 years ago

Profit and Losses po. Hahaha! Bale -$200 ako sa Binance, tapos -$137 naman ako sa Btc.com. Hahahaha! Pinapaasa at pinagtritripan ako ng market. 😂🤦‍♀️

$ 0.00
3 years ago

Oucchhh.. Mapapaiyak ka talaga niyan.. Yan yung tipong wala kang bf pero heartbroken ka pa rin.. 😅😅 Pero wait na lang natin ang mga susunod na kabanata ni BCH.

$ 0.00
3 years ago

Ate Jane ask ko lang, nakapagbuy ako nung isang araw bago mag uptrend si bch nakabuy ako sa 314 tapos kada tumataas sya ng $1+ sinaswap ko kagad yung profit tapos ngayon nasa 355 yata pero yung capital ko bumagsak pa din eh mas mataas pa yung 314 sa 355. Hehehehe gets nyo po ba ibigkongsabihin?😆

$ 0.00
3 years ago

Haha i feel you. 🤣 I also thought it was mispelled. Now i know the story behind. As for BCH.. Well it's like a spinning wheel.😅

$ 0.02
3 years ago

I think there is something wrong with the system.. Wrong upvote 🤣🤣

$ 0.00
3 years ago

Maybe the bot was drunk as well. 😁

$ 0.00
3 years ago

I already read this last day on facebook page😆 sana kapag nagkamali ako ng spelling sumikat din lol just kidding😆 the bot is also hopeless it's not visiting me after the contest😆

$ 0.02
3 years ago

It visited this articl lol..but.my previous one dont have 😢

$ 0.00
3 years ago

I also have 2 articles that the bot didn't visited😆 The bot is picky:(

$ 0.00
3 years ago

A very interesting story, I didn’t know that a spelling mistake in an alcoholic state, led to this.

$ 0.00
3 years ago

Thanks for this piece. I never imagined there was a story behind the word.

$ 0.02
User's avatar M3i
3 years ago

Haha. Now you know

$ 0.00
3 years ago

It was just a spelling mistake that cached well and become a catchphrase

$ 0.00
3 years ago

Hey there, is Zilliqa good to hodl? I have it in my spot account. Just asking for your insights since I read some of your article about ZIL.

$ 0.00
3 years ago

I think they doubled in value over the last 15 days. The project has future and yes...it's good to HODL. I staked them on Atomic Wallet to multiply them and also get gZil, governance token. How many you have?

$ 0.00
3 years ago

Yeah, they are doing great recently. I only have a little 😆 I see that it's pumping. Thanks for your confirmation..

$ 0.00
3 years ago

Did you buy it or got it for free?

$ 0.00
3 years ago

I bought it hahaha twt lang free 😆

$ 0.00
3 years ago

Mganda b bumili nyan?

$ 0.00
3 years ago

na sell ko na rin eh hahaha pero maganda ata hold yan dyor ka na lang. Si PV endorser nyan haha

$ 0.00
3 years ago

Nkakastress nga crypto ngayon ay

$ 0.00
3 years ago

kaya nga pahinga muna ako sa trade haha next year na lang ulit

$ 0.00
3 years ago

Ako dn.. Ubos lahat profit ko sa trading. Sa trading dn nalugi 🤣🤣

$ 0.00
3 years ago

hahahaha ganon daw talaga part of learning curve ang ma lose 🤣

$ 0.00
3 years ago

True.. This guy is famour now for being the creator of HODL. Lol.. I saw one of the his video, it seems like he always drink 🤣🤣

$ 0.00
3 years ago

At a smaller scale, now everyone calls Rusty the random reward bot 😎

$ 0.00
3 years ago

Lol.. Yeah i heard some calling him rusty

$ 0.00
3 years ago