Hodling

Part of speech: noun, verb

Definitions

1. Keeping cryptocurrency assets for an extended period despite price fluctuations, based on belief in their long-term value
2. Maintaining a position in digital currency over time rather than trading actively, betting on future appreciation
3. Retaining cryptocurrency holdings through market volatility with confidence in eventual gains rather than selling during downturns

Etymology: The verb "hodl" began as a typo. On December 18, 2013, a user of the Bitcoin Talk forum named GameKyuubi posted a thread titled "I AM HODLING," urging people to keep their bitcoins during a price crash. Other users mocked the misspelling of "hold" in that title, but the spelling stuck and became a slang term for holding a cryptocurrency rather than selling it. Over time, a backronym emerged to justify the spelling: "Hold On for Dear Life." It is sometimes used to explain the word, though it was not the original source of the term, which arose from the misspelling itself.

Synonyms: holding