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What does 'I hodl therefore I am' mean in the context of cryptocurrency?

avatarHumberto_CarvalhoDec 17, 2021 · 3 years ago3 answers

Can you explain the meaning of the phrase 'I hodl therefore I am' in the context of cryptocurrency? What does 'hodl' mean and why is it associated with cryptocurrency?

What does 'I hodl therefore I am' mean in the context of cryptocurrency?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    HODL is a term commonly used in the cryptocurrency community. It originated from a misspelling of the word 'hold' in a Bitcoin forum post. 'I hodl therefore I am' means that by holding onto your cryptocurrency investments, you establish your identity as a true believer in the potential of digital assets. It signifies a long-term investment strategy, where you resist the temptation to sell during market fluctuations and instead hold onto your coins with confidence.
  • avatarDec 17, 2021 · 3 years ago
    HODL, in the context of cryptocurrency, is an acronym for 'Hold On for Dear Life.' It reflects the mindset of investors who choose to hold onto their coins despite market volatility. 'I hodl therefore I am' emphasizes the belief that by holding onto your investments, you are affirming your commitment to the long-term success of cryptocurrencies.
  • avatarDec 17, 2021 · 3 years ago
    HODL is a term often associated with the cryptocurrency community. It represents the idea of holding onto your coins instead of selling them, even during market downturns. 'I hodl therefore I am' suggests that by adopting this strategy, you align yourself with the core principles of the crypto community, which emphasize resilience and long-term vision. At BYDFi, we encourage our users to hodl their investments and stay confident in the future of digital assets.