HODL – A world intentionally spelled wrong to describe the holding of cryptocurrencies throughout a steadfast drop. It can also be an acronym for “Hold On for Dear Life.” This word has been the conversation topic of many in the recent days.
After South Korea and China’s announcement of strict, low-tolerance on the cryptocurrency market, the once hot e-money has plummeted tremendously. The news made millions of people freak out – and with good reason. Some risky investors have put their life savings into their accounts, hoping to become the next millionaire by doubling and tripling their money.
Hodlers are able to stay somewhat calm, however, with the belief that the world will soon be dependent on these intangible money. The idea is to hodl even through the rough times because they will once again gain the victory of increases in the crypto’s value.
After all, you haven’t “lost” anything if you haven’t “sold” anything!