HODL
HODL is a strategy that refers to resistance to sudden price fluctuations while evaluating the long-term potential of crypto assets and encourages investors to stick to their long-term goals.
HODL is a strategy that refers to holding cryptocurrencies and is actually a misspelling of the phrase Hold On for Dear Life. This strategy aims to withstand sudden price fluctuations while evaluating the long-term potential of crypto assets. The main purpose of HODL is to ensure that investors stick to their long-term goals by avoiding emotional reactions to price declines or volatility. Those who follow this strategy wait for the market to turn around instead of considering selling their crypto assets because, based on their faith, they believe their assets will increase in value. HODL is a concept often used to encourage investors to fear market fluctuations and avoid panic selling.
