What does HODL mean in stocks?Investment Abbreviations Explained
What does HODL mean in stocks, trading and cryptocurrency conversations? It comes with FUD when people talk about Bitcoin, Litecoin, Dogecoin and Ethereum. Let’s take a look at what HODL means.
What does HODL mean in stocks?
HODL is short for “Hold On for Dear Life” when discussing stocks and investing. It refers to an approach advocated by some investors when dealing with cryptocurrencies.
For some people, HODL is simply misspelling of “hold”However, it still refers to the same thing – a buy and hold strategy when investing in cryptocurrencies.
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The term first appeared in 2013 In a post on bitcointalka Bitcoin forum titled “I AM HODLING”.
Elsewhere, Benzinga writer Ryan McNamara Translate HODL For example: “Don’t sell your cryptocurrency!”
What is HODLing and why do people HODL?
Due to the wild swings of cryptocurrencies such as Bitcoin, Dogecoin and Ethereum, inexperienced investors may feel the urge to “jump” or panic and sell their tokens when their value suddenly drops.
This is why more confident investors and traders advocate HODLing.
By holding coins, or “withstanding the storm,” as their value rises and falls, investors can rely on the upside over the long term.
For the most part, such investments have proven fruitful so far.Bitcoin recently climbed to an all-time high $63,000 per coin.
Meanwhile, a recent string of celebrity endorsements has significantly boosted the value of Dogecoin on the last day alone.
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High angle view of a young woman checking stock market on smartphone and having breakfast in coffee shop. Business concept on the go.
HODL on Twitter
The Twitter community has adopted the acronym HODL and runs with it.
Some users demonstrate their level of commitment to HODLing by including HODLing in their name and/or Twitter handle.
One of my employees boasted that he earned 1.5% interest on his $2 million pension investment last year
I got $487% #bitcoin past 12 months
— Jim (@AussieHodl) April 14, 2021
One of the most enjoyable features #bitcoin Yes we all win together.
Just a bunch of civilians… won! !
— Forever HODL, PhD (@forever_hodl) April 13, 2021
Why encourage others to HODL?
Investors in Bitcoin (and other cryptocurrencies, especially Bitcoin because of its limited supply of 21 million) benefit when the currency’s credibility increases – both existing investors and potential new investors.
If a cryptocurrency suddenly loses value, people do not HODL, its value will drop further.
This will lead to a significant drop in investors’ cryptocurrency portfolios. Therefore, it is natural for crypto investors to be outspoken about their commitment to HODLing as an investment practice.
What about FUD?
In stocks, FUD is an acronym that means “fear, uncertainty and doubt” – according to coin market cap.
This is a tactic used by those trying to discredit cryptocurrencies in an attempt to influence public perception of cryptocurrencies by spreading negative stories about them.
Since the value of cryptocurrencies relies heavily on public credibility, FUD is a conundrum for those who encourage others to HODL.
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Bruno is a novelist, amateur screenwriter and journalist with interests in digital media, storytelling, film and politics. He has lived in France, China, Sri Lanka and the Philippines, but returned to the UK in 2020 to pursue a degree (and because of the pandemic). His articles appear in Groundviews, Forge Press, and The Friday Poem, most of which are available at Medium or onurbicycle.com.
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