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What Does HODL Mean? Where Does the Expression Come from? - YouTube
Channel: LocalBitcoins
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(upbeat electronic music)
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- All right. Let's start
with a very famous expression
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that every Bitcoiner knows about.
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It's the word hodl.
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So, then what does hodl mean?
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- Hodl means owning Bitcoin
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with no intention of
selling it anytime she want.
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Obviously it comes from the word hold
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but like many other things
in the Bitcoin world
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it comes with a nice twist.
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- Yeah. That's quite obvious.
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I also, immediately, when I first
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heard it's thought that would mean
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becoming from the word
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hold, but yeah.
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Small twist over there.
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- Yeah, yeah. That's what
I've thought as well.
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When I first got into bitcoin
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I was like hearing this hodl everywhere.
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Now I kind of like had an idea.
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Okay, It means hold, like
don't sell, don't panic sell.
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And then I did some research
about the origin of the
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of this meme and there was
all kinds of information.
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And one of the first pieces of information
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I got into was that it means,
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it's an abbreviation of
'hold on for dear life.'
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- Oh, is it?
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- This is not true.
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This is some kind of a
legend that somebody just
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just came up with it,
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but it is not true.
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It actually, the term originates
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from a very old forum post
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from 2013,
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it was up there.
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It's still active.
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This, this forum called bitcointalk.org.
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And there was one, one user who was
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who was getting very emotional and he was,
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he was accidentally, he misspelled the,
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the word hold as hodl
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- Yeah, for sure.
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The story of great,
there seems to be a field
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with a lot of these fun, urban legends
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many of which might not be true
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but I've actually seen
that a bitcointalk-forum.
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And I remember that that
user was commiserating
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with kind of a horrible bitcoin trader.
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He was because he was losing money.
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- Oh, yeah.
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- Yeah, I remember he was also mentioning
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that he had consumed a little bit
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of whiskey and that's what was it.
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He was also wondering
about the spelling of that.
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Wasn't it?
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- Yeah. Maybe that's that's what explains
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the caps lock as well.
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Cause he was like declaring
the little caps lock.
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I am hodl-ing.
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- Yeah.
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- So I guess if you drink some whiskey
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you might get emotional,
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especially if you're losing money
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on a trade at the same time.
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So I wouldn't have what I imagined myself
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in this kind of situation.
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- Yeah. Not too fun.
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Not too fun.
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- But thanks for the meme, whoever the,
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it still access the thread.
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So if you want to go, go.
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Go take a look at it.
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We should give credits
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to the original creator of this term hodl.
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- So Danville, should I hodl?
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Should I just be a hodl-er?
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- Well, I am not giving
you financial advice flood
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because I am not financial advisor
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but hodl-ing seems to
be quite good strategy.
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Especially if you're new to bitcoin,
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you don't have that much time to follow
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the market all the time.
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You just want to have
like a small investment
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and you wanna,
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you wanna kind of like
set it up-forget it,
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just watch it grow.
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But if you look at the
history of the bitcoin price
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most of the time you'd been better off,
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just by hodl not buying and
selling or anything like that.
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And if you're hodl-ing,
then you forget it.
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You stress less and you have
more times do other things
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in your life and just like,
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think about your bitcoin
investments all the time.
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(upbeat electronic music)
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