‘ Hodl ‘, an intentional misspelling of the word “hold,” which is used among cryptocurrency enthusiasts when encouraging traders to resist the urge to sell one’s cryptocurrency holdings in response to market fluctuations. Following the term’s surge in popularity online, the backronym “hold on for dear life” was subsequently attributed.
On December 18th, 2013, Bitcoin Talk Forums user GameKyuubi submitted a post titled “I AM HODLING,” arguing in favor of holding his bitcoins during a crash. In response to the post, many users mocked the misspelling of the world “hold” in the post title.
On July 20th, 2014, Redditor rafaelnorman submitted a post titled “what’s HODL?” to /r/Bitcoin, to which user bitskeptic cited the Bitcoin Talk Forums thread as the origin of the term.
Since then, this misspelled term became very popular in the Bitcoin and cryptocurrency world. Whenever a person says in a conversation that he/she is hodling or suggests to hodl, it means that they believe their coin will be profitable one day, if not today.
Urban Dictionary user netspider submitted an entry for “hodl,” defining it as a prompt for “bitcoin users to avoid the temptation of selling off their coins once price starts rising.”
On April 10th, YouTuber Bitcoin With Attitude uploaded a parody Bitcon-themed rap video titled “BWA – HODL” (shown below).
On April 30th, 2017, an article explaining the origin of the term was submitted to the blogging site Medium. On November 30th, the tech news site Inverse published an article titled “What Does ‘Hodl’ Mean? The Bitcoin Meme Causing a Storm on Reddit.”