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You are here: Home / Finance / What Does HODL Mean, Exactly?
What Does HODL Mean, Exactly?

What Does HODL Mean, Exactly?

May 6, 2022 By Cade Hildreth Leave a Comment

Staying up-to-date on the latest internet slang is never an easy task. It changes every day, seemingly entirely at random. At times, the terms that social media comes upon with may not even seem like English — such as “HODL.”

This is a recent term that already has a lot of history behind it. The term originated from cryptocurrency traders but evolved to cover a wide umbrella. It can be used in reference to social movements, politics, and average stocks.

Keep reading below to learn more about HODL and the strange history behind it.

HODL, HODL, HODL!!

If you’ve spent any amount of time on Reddit or Twitter, then you’ve come across the term — “HODL!” HODL is widely used cryptocurrency slang that represents the word “HOLD” with the last two letters swapped.

It emerged as an iconic misspelling of the word “HOLD”.

The term HODL first appeared in 2013 in a form called “BitcoinTalk” when a decision by the Chinese government caused the price of Bitcoin to plummet overnight. A drunk participant who had been tipping back some whiskey wrote a now infamous post titled, “I AM HODLING”. The post was a rant about his poor luck with timing the market and his desire to hold his Bitcoin position for the long-term.

You can see the rant, which has been viewed nearly 800K time, here:

Original HODL Post

Early cryptocurrency investors, like “GameKyuubi” who wrote that historic post, faced a unique set of challenges. They were debating whether to hold onto their coins, or to sell them for fiat currency (that is, dollars and cents). Back then, the dream was to make Bitcoin  a store of value and a currency that people would freely exchange.

That could only be achieved if those early investors held onto their coins. They were pursuing a dream, and forums filled with people demanding others to hold onto their coins. In 2013, Bitcoins cost less than $20 and a $10 increase would have been insane profits. Today, the value of a single Bitcoin has exploded into tens of thousands of dollars, giving the term more impact.

At the time of this writing, a single Bitcoin sells for an astounding $48K and Bitcoins have traded as high as $69K in recent months.

HODL: Hold on For Dear Life

The misspelling resonated with people, and they rallied around it. Later, the term would evolve into an acronym for “Hold On for Dear Life.” That new meaning to the term reflected more than just the call for people to hold onto their investments; it became a call for people to achieve their crypto dreams.

In its most basic sense, “HODL” is a call for people to hold onto their investments. No matter what the temptation is or their financial situation, it’s a call for people not to sell. But HODL is also a call to think beyond mere profit and envision a future where cryptocurrencies are mainstream and governments can’t debase the money supply by indefinitely printing money.

Frighteningly, 40% of US dollars in existence were printed in the last 12 months, so you can why using a cryptocurrency like Bitcoin (that has a fixed supply of only 21 million) provides a compelling alternative to fiat (government) currencies.

Those early investors and many investors share the same dream of using decentralized currency. But the only way they can achieve it is by “HODLING.” To create a better future, people need to hold onto their coins.

Today, the Bitcoin community has proudly embraced the term HODL, printing it on shirts and featuring it in memes. It’s a promise of rewards for sticking with the group, catalyzed on social media.

HODL Meaning

What Does HODL Mean? A Lot.

It’s easy to think that HODL is just a funny meme popularized on cryptocurrency forums. In reality, the term has evolved to mean so much more than just holding onto coins.

Depending on the context it’s used in, HODL can be a kind of ‘call to arms’ as part of a social movement. In other contexts, it can be a term of comradery, telling others to hold together and stand strong. Most commonly, it does just mean to hold onto your investments.

It is also anchored in a tried and true investment strategy — simply buying and holding onto stocks. It’s the most simple kind of investment strategy where you try to buy stocks for a low price and only sell them when you want profit.

This is different from most other speculation strategies that dominate cryptocurrency circles now. Companies investing in cryptocurrency usually follow momentum investing strategies. Meanwhile, average investors tend to simply want to hold onto their coins for as long as possible.

HODL Is a Call to Arms in Some Circles

The term was further popularized as part of the controversies surrounding GameStop stock and retail trading. In March 2021, small-scale investors realized they could disrupt the stock market just by organizing themselves against a large firm.

After an investment firm decided to bet against GameSop stock, thinking it would fall, retail traders started buying it. As a result, the price of the stock skyrocketed, and the investment firm lost billions of dollars. The end result was stressed Wall Street investors who never thought it was possible for them to lose so much money.

They called on the government to intervene, calling for it to intervene in basic free market dynamics. This upset those small investors, and they started the call that has now gone down in history — HODL! By holding onto GameStop stock instead of selling, they hurt billionaires on Wall Street.

Now, after the controversy has died down, HODL remains a term charged with politics and class-based frustration.

Other Cryptocurrency Terms You Should Know

While HODL is the most popular term used by cryptocurrency investors, there are tons of other strange terms that you’ll see tossed around on forums and social media. Some of the most important ones you should know are listed below:

  • FUD: This term stands for ‘fear, uncertainty, doubt.’ It was originated to describe articles that seemed to highlight negative aspects of early cryptocurrency. Users said they were only written to sew fear, causing people to sell coins and thus dropping their value.
  • Mooning: If you’ve ever been on a Bitcoin forum or forums for adjacent coins, you’ve heard one common phrase. “We’re going to the moon!” Mooning is a term that describes sudden and quick growth in value for a coin.

Investing is already complicated without the new terms and lingo most new investors need to learn. But by learning these terms, you can become a part of a thriving and invested community. Plus, some of them may just make you laugh.

The Spirit of HODLing

It’s easy to get lost in the excitement and hype surrounding HODLing. Because of it, many people believe that if they just follow the crowd and hold onto their coins, they will see profits. But the reality is far more complicated than that.

All cryptocurrency is inherently risky, so you should take your personal risk tolerance into account when considering crypto assets as part of your portfolio.

Want to stay in the loop? Join nearly two million other readers who are learning how to increase their income, invest in real estate, buy and sell crypto, and so much more.
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“As an LGBTQ+ entrepreneur, real estate investor, former USA Rugby Player, and fitness fanatic, I’ll teach you what your parents and teachers should’ve taught you, but didn’t know themselves.” -Cade Hildreth

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Because it’s the New Year, let’s talk about ch Because it’s the New Year, let’s talk about change...

For a long time, I’ve thought about top surgery. I remember when I was 6 or 7 years old when I wanted to run around outside on a hot, sunny day with my shirt off…and I first saw my parents… hesitate. Ughh. 

It wasn’t their fault but I still remember that heart wrenching feeling. To their credit, they ultimately said, “Ok, go do it!” While I did “do it”, I remember the feeling of shame that crept in.

Over the years, being in affirming sporting/rugby circles helped suppress the urge to get top surgery, but it never quite “stayed down.”

So last summer I got keyhole #topsurgery. I’ll talk about recovery in another post because it was definitely weird to not strength train for months.

But in THIS post, I want to share two things:

1. I am SO grateful to my wife Erin for being the supportive and growth oriented partner that she is. 🥰🙏❤️ 

She is now following her call to get a divinity degree and she’s already working in ministry as a Pastor in Training at an incredible, inclusive Presbyterian church here in Virginia. I am grateful to her for supporting me as I become more and more of who I am—and I’m enjoying watching her do the same! Love you, babe!

2. Second, I’m grateful to get to share who I am with my family. This summer we took a trip to Madden’s resort in MN to celebrate my parent’s 50th wedding anniversary. (It was actually their 52nd, because we had to postpone it twice due to Covid.)

I was nervous to be in the pools and lakes around them, but I could feel it was my only choice because I knew I wanted them to “know me”. And, how could that happen if I “hid me”?

Ultimately, I have to tell you…it was freeing to be me, as I am, who I am. 

I had the BEST time splashing around and biking and goofing around with my wife, niece, nephew, & sister. 🌊🏖🐟

So, I suppose, this is a gratitude post to thank those who have supported me over the years as I become more and more of who I am. 

Top of that list is my wife, Erin, but there are countless others. ❤️

If you’re reading this, thank YOU for being one of those people in my life too. I am deeply grateful. 🥹
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#lgbtqfamily #nonbinary
How to set a boundary? 🤔 . . . . #lgbtqia #lgb How to set a boundary? 🤔 
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#lgbtqia #lgbtqcommunity #emotionalhealth
What do you do if you’re telling a past story ab What do you do if you’re telling a past story about someone who has transitioned? 🤔 Share a 💯 if you agree ➡️🏳️‍⚧️🏳️‍🌈
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1. Good and bad are labels. All things are experiences. 

2. Maturity is taking full responsibility for oneself. 

3. Having a loving, conscious relationship with myself is a core value. 

4. Emotions do not mean that anything has to be done. 

5. When I am in congruence with what I want, I have it. 

6. I have permission from myself to stop doing anything that doesn’t lead to my peace and empowerment. 

7. Stepping toward emotions and being able to feel them is a superpower. It determines the quality of my life. 

(Are there any above that you’d like me to further explain?)
 
Most importantly, which # above resonates with you? ⬆️

Happy New Year, y’all! 🎊🥳
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#lgbtqcommunity #lgbtqiaplus #lgbtsupport #nonbinary #trans #selfgrowth
Interview with Jenny Nguyen, Founder of the Sports Interview with Jenny Nguyen, Founder of the Sports Bra—The World's 1st Bar to Only Play Women's Sports - shorturl.at/doGHZ

I'm excited to introduce you to today's #podcast guest, Jenny Nguyen, who is a professional chef, elite athlete, and entrepreneur.

I invited Jenny onto the podcast because she has done something extraordinary that is long overdue: She has opened up a sports bar that exclusively plays women's sports!

Despite extensive research, Jenny hasn't found another sports bar worldwide that ONLY plays women’s sports.

Given that it's nearly 2023, this is mind-blowing. As a lifelong athlete, I find her vision compelling and inspiring.

Aptly called the "The Sports Bra", the venue is putting Jenny's culinary skills on display alongside women's sports worldwide.

The Sports Bar has taken its mission a even further by partnering with and elevating other local, women-owned businesses.

Specifically, it:

1. Sources its grass-fed beef from @CarmanRanch, an ranch run by Cory Carman, a third gen rancher out of Wallowa, Oregon).

2. Sources its alcohol from Freeland Spirits, an all-women owned and operated distillery out of NW Portland.

3. Has furniture built by @girlsbuild_org, a non-profit organization headed by @ktmhughes in Portland, OR, that teaches carpentry and construction skills to young girls as a path to empowerment.

Since opening the Sports Bra this April, people have come from ALL over the U.S. and the world to experience it—including many professional female athletes.

To learn more about Jenny as she makes history, features women's sports, and elevates women-run businesses, listen to the episode here:

shorturl.at/doGHZ

Or, you can check out the Sports Bra at:

@thesportsbrapdx
TheSportsBraPDX.com/

Have you heard of the Sports Bra or been out to experience it in person?

#lgbtqiaplus #womenownedbusiness #lgbgtqia #lgbtqcommunity #womenssports #womeninsport
Over this recent holiday stretch, we… - enjoye Over this recent holiday stretch, we… 

- enjoyed some quiet time at home
- got a sauna delivered (but not yet installed)
- decorated for the holidays
- baked a bunch
- visited our favorite farm
- did some sight seeing
- and perhaps, most importantly, survived the cold snap along with our feather friends (who lived in the garage for a few days so we could heat them with a space heater) 🥶🐔

How have the holidays treated you…and did you get hit by the winter storms? ❤️🎁☃️❄️
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