Bitcoin can be the next big game-changer of the economy, but it is also filled with humorous incidents. 

For every highly technical lingo that could leave you feeling confused, some of the most entertaining stories will leave you with a comical relief and a moral of what to do or what not to do when you are operating in the Crypto world. 

One such term is called ‘hold.’

Yes, your autocorrect will try to correct it to ‘hold’ every time! But, I can’t blame it as it's not wrong. ‘Hodl’ in Cryptocurrency actually means hold. 

Read the excerpt below to understand the concept of ‘HOLD,’ which everyone is talking about in the Bitcoin world. 

The Story Behind ‘HODL’ 

The story happened on December 18th, 2013, by a fellow Bitcoin investor called GameKyuubi, who was under a little alcoholic influence (Which was later discovered), created a forum to talk about his unfortunate trading mistake after seeing that the Bitcoin price fell a whopping 39%. 

His exact comment was, ‘I AM HODLING’ (Yes, in all caps) 

His series of comments followed his frustrations against price fluctuation. He voiced his concern regarding an impulsive mistake he made, claiming himself to be a bad trader. 

Since then, this spelling mistake has made a pioneer headline in the Bitcoin world. This slang became an abbreviation for ‘Hold On [For] Dear Life’ since there is more financial independence in the bitcoin revolution review.

This is the concept of understanding the risks involved in the volatile state of this Cryptocurrency and learning how to mitigate them before we make a huge investment. 

What Is The HODL Strategy?

In any stock exchange market, panic buying is a significant error that many investors are prone to make. Especially when the market is very volatile, and people are looking for ways to secure their assets or not miss out on the good ones. 

It is also mainly used when the market is falling, and people start panic selling! This will only result in your Crypto empire’s collapse. This precautionary measure has helped many investors from making rash decisions. 

These Are Some Of The Things They Mean When Your Partners Are Saying ‘HODL’ 

Keep these things in mind in your next investment! 

• Firstly, when you see the term ‘HOLD,’ it means that you should keep your investment short term, which is basically a lesser investment so that no one endures a loss more than they can handle.
• If your partner asks you to ‘HODL’ in all caps, you should stop that investment immediately. Some analytical calculation has probably made them anticipate a loss that you should listen to, especially if you are a novice investor.
• Another code for ‘HODL’ means holding for the market to rebound with patience rather than impulsively investing at a hike.
• This term has given Bitcoin users a clear idea of when to hold on to their assets. Since Bitcoin is something that is not backed by the government, it is important to take other security measures.

How To HODL?

These are ways you can Hodl smartly. 

• When you get the red warning of ‘Hold,’ you should first start with diversifying your Crypto universe. In this manner, even if you endure a loss, it can probably be mitigated with the reassured growth of the other mediums.
• Make sure that the ‘Hodl’ and investing is balanced within all the medium. If not, then one Crypto will skyrocket and make your investing game more vulnerable.
• Patience is very important at this stage. As investors, panicking about loss is a pioneer part of their emotions. However, ironically you cannot bring emotions when you are Hodl-ing.

To Conclude 

Bitcoin verse will always tell you that ‘Hodl’ comment means end game. With this warning, you should always halt any investing. 

However, there are also things like intuition that can be beneficial for you. However, these institutions should be backed by tech-savvy analysis. Keep evolving along with the Crypto world; this is one of the significant ways to mitigate any kind of problem.