One of the main motivations that fuel the development of cryptocurrencies is the breaking down of existing financial and technological barriers and borders, particularly in the realm of trade and finance. More than 1,000 altcoins are vying with each other in terms of early blockchain developmental stages. As a result, we can reasonably expect to see only a couple of successful cryptocurrencies to stay and change the way we will pay, lend money, borrow money, trade, and do banking in the future. And in the near future, we can reasonably expect several major cryptocurrencies to be accepted in the financial mainstream, which can signal a whole new era of digital finance.
HODLing
. But what does hodl mean? The first instance when this term was used was in 2013 at the Bitcoin talk forum. One of its members with the handle GameKyuubi used the term hodl under a thread named "I Am Hodling." It appears from the post that while trying to convey his conviction of holding on to his Bitcoins despite how its prices nosedived at that time, he was drunk. As a result, he seems to have misspelled the world "hold" as "hodl." And it seems to have caught on with a lot of people because the word has become very popular in the cryptocurrency industry to the point that many cryptocurrency traders/investors use it to communicate the idea that they're holding on to their cryptocurrencies regardless of what happens. And what was once considered a typographical error has since evolved into a funny acronym: Holding On for Dear Life.
Comments
Post a Comment