Hodl is a backronym that acts as an abbreviation for the phrase “hold on for dear life.” It originated from a 2013 post by GameKyuubi on the Bitcointalk forum launched by Bitcoin’s anonymous founder and developer, Satoshi Nakamoto.
Most believe hodl originated as a misspelling of the word “hold,” and it is often used to encourage the cryptocurrency community and investors to refrain from selling a cryptocurrency, especially in a volatile market environment. One of the many slang terms in the crypto space, hodl is also used to denote a bullish sentiment and urges other investors to buy and hold the cryptocurrency for an extended period.
A meme in itself, the term hodl is used widely by the cryptocurrency community today and is similar in sentiment to other terms such as FOMO (fear of missing out), WAGMI (we’re all gonna make it) and BTFD (buy the fucking dip), which are used to connect with a broader and younger audience. While used almost exclusively when discussing cryptocurrencies and other crypto assets, the term hodl is now even being used to convey bullish sentiment associated with other asset classes such as the equity asset class.