HODL is an acronym that stands for Hold On For Dear Life.

The acronym "HODL" is derived from a typo of "hold" that refers to buy-and-hold strategies in the context of bitcoin and other cryptocurrencies. On Bitcoin Forum - Index, a comment appears on December 18, 2013 posted with the words "I AM HODLING." With this, user "GameKyuubi" wanted to make it clear that he wanted to stop daytrade and hold his Bitcoin for the long term.

When to HODL?

HODL'ing is a strategy mainly used by people who do not trade in the short term, such as day traders. HODL'ing happens mainly when people have confidence in a coin that makes them expect the price to rise in the long term. These are often coins that have been around for a long time and about which a lot is known. For example, through a comprehensive and clear white paper.