Serhanni, HODL is an acronym for: "Hold On For Dear Life", in other words, don't be a "soft hands" and sell fast due to FUD or because of a price dip. If you noticed there has ultimately been corrections with bitcoin and other strong cryptos. If you are a soft hands kind of person, you lose out when you sell. The "Strong hands" trader " will eventually gain because they HODL because cryptos such as bitcoin have come back even stronger after price drops, especially if they took advantage of the lower price and bought more. Its funny when I 1st saw the term I thought it was a typo for hold, until I saw a post by someone else complaining that people can't spell hold.... it was in the reply to that person where I learned the meaning as well.
Serhanni, HODL is an acronym for: "Hold On For Dear Life", in other words, don't be a "soft hands" and sell fast due to FUD or because of a price dip. If you noticed there has ultimately been corrections with bitcoin and other strong cryptos. If you are a soft hands kind of person, you lose out when you sell. The "Strong hands" trader " will eventually gain because they HODL because cryptos such as bitcoin have come back even stronger after price drops, especially if they took advantage of the lower price and bought more. Its funny when I 1st saw the term I thought it was a typo for hold, until I saw a post by someone else complaining that people can't spell hold.... it was in the reply to that person where I learned the meaning as well.
Thank you very much for detailed explanation @quixote2u
Yes, it sounds funny when you hear first time :)