In crypto jargon, we say hodl instead of “hold”, as in “hold crypto”.
The term “hodl” is not an acronym but a drunk misspelling of “hold”.
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.
Want to *really* learn crypto charting & technical analysis?
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Read our articles to get familiar with the tools, but try everything hands on. Trading will press your emotions, you can only really learn it as you go.
All the good crypto charting tools and platforms are accessible for FREE in either TradingView app or at Bitfinex. Just start!