Bitcoin hodling is when an investor holds onto their Bitcoin rather than selling it.
The term “hodl” was actually coined in a now-famous post on the Bitcoin Forum back in 2013. In the post, a user by the name of GameKyuubi misspelled the word “hold” as “hodl” and the typo soon caught on.
Since then, hodling has become something of a meme within the Bitcoin community and is often used to describe those who are holding onto their Bitcoin for the long term.
So why do people hodl Bitcoin?
There are a few reasons.
First, hodlers believe in the long-term potential of Bitcoin. They see it as a store of value that will only become more valuable as time goes on.
This is especially true given the current global economic conditions.
Second, hodlers don’t want to miss out on any potential UPSide. By holding onto their Bitcoin, they increase their chances of being able to sell it at a higher price down the line.
And finally, hodlers may simply want to avoid having to go through the hassle of selling their Bitcoin. Selling can be difficult and time-consuming, especially if you’re not familiar with the process.
Whatever the reason, hodling appears to be here to stay. And given the current state of affairs, that doesn’t seem like a bad idea.