"HODL" comes from a misspelling of the word Hold, which refers to the refusal of currency holders to sell their holdings against all odds. Some crypto assets, whether their prices rise or fall. HODL later became an abbreviation for "Hold On for Dear Life" (an Adam Melchor song), which refers to not selling even in times of strong market volatility and poor market performance.

HODL first appeared on BitcoinTalk. A user named "GameKyuubi" was overly emotional and mistakenly spelled hold as hodl. In the 2013 BitcoinTalk topic "I AM HODLING", GameKyuubi wrote excitedly:

I typed this title twice. I know I typed it wrong the first time, and it is still wrong now. . My girlfriend is hanging out in a gay bar, the price of BTC has plummeted, and my life is dark. Why should I HOLD? Let me tell you why. Because my trading skills are rubbish, I know very well that I am a rubbish trader. Ok, you have superb trading skills and can predict trends, buy low, sell high, and make money every day. But rubbish traders like me will only cry when the price plummets: "Oh, the price has plummeted, I have to sell quickly to stop the loss." Then these BTC that are sold at low prices will be sold at low prices by those awesome traders. price to buy. But you know what? I'm not one of them. I'm not going to be like the other junk traders who lament when the market goes down: "I should have sold at the high point." To me, there is no "how it should be." This market is a zero-sum game. If I don’t sell, others won’t make any money. I might have been a little drunk from the whiskey, but that's okay. If something I say offends your interests, feel free to sue me (only accepts BTC payment).

Since then, HODL has become one of those people who are willing to admit that they do not do short-term trading (day trading) , swing trading, etc.) strategies used by people with abilities. The word HODL also derives from the word BUIDL, which the crypto community uses to refer to the project team's efforts to build an ecosystem or application regardless of the market situation.

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