What does “HODL” mean? (in 60 seconds)

HODL is crypto fandom term for “Holding”. Often seen in memes, this term is mostly referring to saving long term against the large volatility (swings in price) of bitcoin. However, “HODLing” is used widely across other cryptocurrencies as well. HODLing is important because historically the price of Bitcoin had trended upward.

Strong willed hodlers don’t sell when prices are appealing, and typically accumulate (buy more) crypto when prices are lower. The timeline of a hodler is generally on the scale of years. Many hodlers have become rich by dismissing their own temporary euphoria and waiting for higher crypto prices.