what is hodling bitcoin | BTCC Knowledge

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What is HODL in Bitcoin?

HODL is a term derived from a misspelling of "hold" that refers to buy-and-hold strategies in the context of bitcoin and other cryptocurrencies. The term HODL (or hodl) originated in 2013 with a post to the bitcointalk forum. The price of bitcoin had surged to a high of over $1,100 at the beginning of December 2013 from under $15 in January 2013 .

Is hodling bitcoin safe?

HODLing Bitcoin, as we know, isn’t as profitable as trading, but if you must HODL some Bitcoin, which is advised, you can do so safely in a few ways. For one, moving to a cold storage wallet solution is the safest for any long-term HODLing.

Who is Hodl or hodling?

A Finnish author who has been writing about cryptocurrencies for over eight years. If you have ever read international Bitcoin forums, cryptocurrency news, or any crypto-related discussions on the Internet, you have probably come across the terms “HODL” or “HODLING”.

What is hodling a crypto?

HODLing a crypto involves buying a crypto asset like Bitcoin, Ethereum, or Litecoin, and keeping it in a wallet for the long term with the intention of avoiding selling at all costs. Only when profits need to be taken are HODLers encouraged to sell a portion of their coins.