H O D L is a trade slang, and it stands for HOLD ON FOR DEAR LIFE and it is, an on purpose, misspelling of H O L D.
We have given a wrong connotation to HODLing. The name imposes that you should HOLD everything no matter what. Yes? Well, sadly that´s the connotation we have given HODL, the feel that you should buy and never trade. But that is not the correct view of it.
“The lesson is…remember HODLing is to stick with, not no trading.”
– Editor of Ethereum Salon
What is the main purpose of HODLing?
The purpose is holding as a long-term investment in hopes it will appreciate. You buy and you sit on it for years until it appreciates.
But in between waiting and HODLing what do you do?
- Bob loves Winco and believes in its appreciation and future of the company.
- Bob has decided to HODL his WCOs.
- Bob trades daily to turn revenues into more Wincos, so he can keep on hodling it.
Notice Hodling here means to hold on but not to stop.
This gives us a pretty good idea that when you choose to HODL you should continue to trade even more and keep on investing in the coin or token you have decided to HODL in the first place.
As a matter of fact, the market´s economic health depends on the trading, the growth, the liquidity to become more stable.
That´s not just good for the coins you have chosen to hodl, but also for you, and every trader, every believer part of the cryptocurrency community.
This community just like any other has a cycle, I help you, you help me, we help the company it helps us, we all grow. No one will be able to do it alone, and this is not a cliché line: it’s the truth.
It´s decentralization at its best. If we do not want to have central authorities, we must lose the “centralized authority mind”, where we sit back and let others do the work for you and me, as they tell us what we can or cannot do with our money. This technology doesn’t work that way. It has survived exactly because we desire a change, an expansion in mindset and opportunities.
“The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts.” — Satoshi Nakamoto
Yes, just about that Mr. Naka.
We must understand change is in our hands.
(And I shall repeat this nicely over and over until we all get it I promise.)
Cryptocurrency is a volatile and yet a very resilient market. It bounces right back beautifully. Giving us a glimpse at the near future that shows us that cryptos are the financial stimulator needed to birth a new age in economics. It is said many times we should not invest in cryptocurrencies anymore than what we can afford to lose.
And that is absolutely correct.
And with that in mind we are still carefully investing in this new economic system because we have seen what it is capable of, of becoming.
HODLING IS ABOUT BELIEVING.
Cryptocurrency blockchain is not just about making money, but the main purpose in this pioneering phase is to support the system.
The entire world will be able to benefit from it.
- The global connection using virtual coins.
- Reaching out to places that would never be reached if it wasn’t for this technology.
- Bringing in resources and opening horizons for every kind of business, healthcare, education and more.
“If you don’t believe it or don’t get it, I don’t have the time to try to convince you, sorry.”
IN OUR COMMUNITY WE BELIEVE IN HODLING.
It´s understandable hodling is not easy for a lot of people because it requires a lot of self-control in a market that messes with your psychological at all times.
But remember it´s all about the mind-game.
The idea pertained in this blog post about hodling is that you should choose which to HODL, instead of believing the meaning of hodling is to hold and never trade.