The term “HODL” comes from a 2013 post on the Bitcointalk cryptocurrency forum shortly after a Chinese government decision caused the price of Bitcoin to drop drastically in one day.

“HODL” is Bitcoin slang for the misspelled word “hold”. It’s often about holding the bitcoin you own for an extended period of time, even during a highly volatile market move.

“HODL” is meant to encourage people not to sell on impulse when a cryptocurrency drops dramatically or rises to become very profitable to sell.

“HODL” also acts as an acronym for “Hold on for dear life”. You will often see the term in various Bitcoin forums and social media circles.