What exactly does "HODL" mean? If you believe it's "HOLD!" written quickly and mis-spelled... You're WRONG! :)

in #steemit7 years ago (edited)

That's not even close to true. Me and a small group of my (Now rich... From Crypto...) friends basically coined the term "HODL" and it does NOT mean "Hold" written fast...

It stands for "Hold On for Dear Life" as in "When a coin appreciates/depreciates... don't sell it... Hold On for Dear Life... Wait until that coin reaches heights unexpected/projected and CONTINUE to hold them.. Retention is the biggest factor in valuation of any coin/cryptocurrency.

"HOLD!!!", "Written fast as in a rush" Was NEVER and WILL NEVER BE the definition of "HODL." Those people who claim that are just ignorant! :) It means "Hold On for Dear Life!" As in, don't sell your investment, no matter how good/bad it seems! As it will GROW majorly over time! :)

Hope this helped clarify what "HODL" means, to you, as I've seen many an idiot claim that it means something other than what it truly is, "Hold On for Dear Life."

Much love to you and I hope you don't take this disrespectfully! It was simply meant to give you the REAL definition of HODL! :)

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