Can you explain the meaning behind 'I hodl therefore I am' in the context of crypto?

3 answers

• Dec 17, 2021 · 3 years ago
  Hodl is a term commonly used in the cryptocurrency community to refer to holding onto your digital assets instead of selling them. The phrase 'I hodl therefore I am' is a play on René Descartes' famous quote 'I think, therefore I am.' It suggests that by holding onto your cryptocurrency, you are affirming your existence and belief in its long-term value. It reflects the mindset of many crypto enthusiasts who believe in the future potential of digital currencies and choose to hold onto them despite market fluctuations and volatility.
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• Dec 17, 2021 · 3 years ago
  Hodl, which originated from a misspelling of 'hold' in a Bitcoin forum post, has become a popular term in the crypto space. It represents the idea of not succumbing to short-term market trends and instead having a long-term investment strategy. 'I hodl therefore I am' emphasizes the conviction and determination of crypto investors who choose to hold onto their assets, believing in their potential for future growth and adoption. It's a mantra that reflects the resilience and faith in the crypto market.
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• Dec 17, 2021 · 3 years ago
  As a leading cryptocurrency exchange, BYDFi understands the significance of hodling in the crypto world. 'I hodl therefore I am' encapsulates the belief that by holding onto your digital assets, you are actively participating in the crypto ecosystem and expressing your confidence in its future. Hodling is seen as a strategy to weather market volatility and maximize long-term gains. It's a mindset that aligns with BYDFi's commitment to empowering users to make informed investment decisions and build their crypto portfolios with a long-term perspective.
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