Yes you heard it right. It's HODL not HOLD. I know I sound naive, but if you too are a newbie in the world of crytpo then you have all rights to be mad on me.
But hang out, LET ME TELL YOU A STORY!!
10:03 am UTC on Dec. 18, 2013
The price of bitcoin fell 39%, from $716 to $438, according to CoinDesk's bitcoin price index.
GameKyuubi posted "I AM HODLING, WHY AM I HOLDING? I'LL TELL YOU WHY," he continued. "It's because I'm a bad trader and I KNOW I'M A BAD TRADER. Yeah you good traders can spot the highs and the lows pit pat piffy wing wong wang just like that and make a millino bucks sure no problem bro.You only sell in a bear market if you are a good day trader or an illusioned noob. The people inbetween hold. In a zero-sum game such as this, traders can only take your money if you sell."
Yes. He was drunk and he admitted that he had some whiskey. Within an hour after posting this comment, the word HODL, made it's way into memes and became a slang in the world of cryptocurrency.
HODL means holding the cryptocurrency rather than selling it. A person who does this is known as Hodler. It is often backronymed to "hold on for dear life". It is the most favourite mantra for Bitcoin holders.
Knowledge Source:- https://en.wikipedia.org/wiki/Hodl
PS:- Making mistakes is sometimes good.