HODL is more than just a word, it stands for a mindset within the investment/cryptocurrency sector. According to a US senator reporting to the US Senate, HODL stands for Hold On For Dear Life. Even though the origins of the word do not exactly match this definition, it describes the mindset perfectly. To HODL means to hold onto your investments for a long time as to see greater returns and not try to outperform the market by day trading.
The origins of the word HODL comes from hold, as in to hold on to your investments. On 18 December 2013, the birth of the word HODL came to be. Here you can read the exact message that started this entire trend:
I type d that tyitle twice because I knew it was wrong the first time. Still wrong. w/e. GF’s out at a lesbian bar, BTC crashing WHY AM I HOLDING? I’LL TELL YOU WHY. 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. Likewise the weak hands are like OH NO IT’S GOING DOWN I’M GONNA SELL he he he and then they’re like OH GOD MY ASSHOLE when the SMART traders who KNOW WHAT THE FUCK THEY’RE DOING buy back in but you know what? I’m not part of that group. When the traders buy back in I’m already part of the market capital so GUESS WHO YOU’RE CHEATING day traders NOT ME~! Those taunt threads saying “OHH YOU SHOULD HAVE SOLD” YEAH NO SHIT. NO SHIT I SHOULD HAVE SOLD. I SHOULD HAVE SOLD MOMENTS BEFORE EVERY SELL AND BOUGHT MOMENTS BEFORE EVERY BUY BUT YOU KNOW WHAT NOT EVERYBODY IS AS COOL AS YOU. 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.
so i’ve had some whiskey
actually on the bottle it’s spelled whisky
(but only if it’s payable in BTC)
So now that you know how the term HODL came to be and how the HODL strategy functions, we can explain why we chose this name for our company. As long-time cryptocurrency investors, we wanted to choose a name that represented both the crypto mentality as well as send the message to investors that we are in it for the long haul. HODL is the exact word that fits both these aspects. It shows the quirkiness, youthfulness and meme-culture roots of cryptocurrency, while also having a serious investment mindset behind it. We hope that our investors will share our mindset and inherit the mentality that cryptocurrency is not for short term profit but rather a rocky road towards long term gains.