One of the first things you'll probably experience is the ever-evolving use of crypto slang, a special language created by crypto enthusiasts, as you delve into the world of cryptocurrency. You will be met with a multitude of new words and phrases that go beyond their conventional concepts of meanings such as mooning, shilling, fudding, "pump and dump," FOMO, and DYOR. However, HODL is by far the most common of these concepts and one to which virtually all investors in cryptocurrencies can relate.
In 2013, for the very first time the word "HODL" appeared on a thread in a Bitcoin Talk forum, a post that has now been read over 788K times. It was used by a member called GameKyuubi who obviously wrote drunkly, "I AM HODLING." What the bluser tried to express in the post was the fact that he decided to hang on to his Bitcoins despite the drop in price.
The purposefully mispelled word "HODL" has since become a common phrase in the cryptocurrency industry and it continues to be used if someone wishes to say that he or she owns a coin that they think will be lucrative.
"HODL" is not only an acronym anymore, but a conviction. The four-letter word that will alter the world through blockchain and cryptocurrencies and unleash vast wealth for people who continue to trust cryptocurrencies even throughout times of distress. When the value of Bitcoin and other crypto currencies decreases, the word "HODL" now always pops up and sends the message not to sell to crypto holders.
Such crypto-believers face difficulties, particularly when it becomes difficult to "HODL" during a bear market, especially when you realize that your investment is diminishing and when you see your friends cashing out to minimize their losses. For true believers, even during such a distressed circumstance, "HODL" remains the only fact.
