What is Hodl - instruction for newbies
The term "HODL" stands for "Hold On for Dear Life," which refers to holding onto investments despite high market volatility and little market performance. Investors in cryptocurrencies who refuse to sell their holdings, are known as "HODLers." When people negotiate to sell their coins despite the price decline during a bear market, it is increasingly commonly used. This is the basics about what is Hodl in crypto.
Let’s learn about Hodl's origins to better understand what is Hodl. A user on BitcoinTalk by the name of "GameKyuubi'' first misspelled "HODL." People who confess they lack of the ability to execute short-term transactions, such as scalping, day trading, and swing trading, now adopt HODL as a technique.
The phrase "HODL" is also served as the inspiration for the word "BUILD," which is used by the cryptocurrency community to describe the sorts of apps that are being developed inside the blockchain sector.
A HODLing cryptocurrency is the same as using a buy-and-hold method. You can hold onto a stock despite its volatility if you have faith in the future prosperity of the business. If you believe a cryptocurrency will do well in the future, you will store it for an endless period of time through several price changes. By understanding two concepts, we have a better understanding of what is Hodl in crypto.
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See detail: https://market247.io/what-is-hodl
