This is a crypto acronym for Hold On for Dear Life. As the crypto market can experience aggressive and volatile swings, there are times where the trader or investor feels the need to close their eyes and simply hold on. As a result, longer-term holders are also represented as HODL’ers as they will likely experience a -75% drawdown at some time.
There is another theory that the crypto investor initially misspelled HOLD for a buy-and-hold strategy. Originally, HODL had a negative connotation but recently HODL represents a longer-term holder.
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