1 upvotes, 3 direct replies (showing 3)
Fuck is a hodler? Somebody from the Hood?
Comment by spoonybard326 at 24/11/2024 at 20:36 UTC
9 upvotes, 1 direct replies
Someone misspelled “hold” (as in buy and hold an investment) in the early 2010s and the meme stuck.
Comment by kenlubin at 24/11/2024 at 21:24 UTC
7 upvotes, 1 direct replies
Bitcoin was intended as a currency, but it hasn't proved out to be very useful as a currency. Instead, people buy and hold Bitcoin as an investment.
Because it has no connection to anything in the real world except electricity, the value of Bitcoin bounces up and down depending on news, events, and various frauds.
Skittish investors might jump ship when the value of Bitcoin tanks, which would tank the value further. As a result, the Bitcoin forums are full of people hyping each other up to hold their Bitcoin, memed as HODLing.
Ultimately, the whole Bitcoin-as-an-investment thing is entirely dependent on waiting for a bigger fool. Trump might soon make the United States the biggest fool of all time.
Comment by matsie at 24/11/2024 at 21:25 UTC
1 upvotes, 0 direct replies
Good thing the word is defined by the article you didn’t read.