Key Points / HODL (HODLing)
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In crypto jargon, we say hodl instead of “hold”, as in “hold crypto”.
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The term “hodl” is not an acronym but a drunk misspelling of “hold”.
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Tools for HODL (HODLing): #coldcard #independent-reserve
Original HODL Post
Hodl is a misspelling of “hold” that comes from a now legendary bitcointalk.org post made in 2013 by a drunk OP.
In the hodl’s original post (below), OP is lamenting he did not sell his BTC before a price decline to rebuy at the bottom. He explains he’s not a good trader and therefore makes a public commitment to hodling.
Hodl therefore does not stand for ‘hold on for dear life’, but the idea is pretty similar to that.
Best Tools for HODLing
- Trading Platform: DCA through Independent Reserve
- Technical Analysis: Stay away (Fundamental analysis might work better)
- Charting App: Weekly chart from Tradingview
Read our list of tools for crypto hodlers for more free and freemium options.
An indepth look at HODL (HODLing) is here.
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