HODL is a term commonly used by cryptocurrency investors that refuse to sell their cryptocurrency regardless of the price increasing or decreasing . It is more frequently used during a bear market when people refuse to sell their coins despite the price drop.
Read moreIs HODL a good strategy?
Due to their highly volatile nature, cryptocurrencies provide great opportunities for traders to build up long and short positions frequently. However, “hodling” can provide more safety to investors, as investors are not exposed to short-term volatility and can avoid the risk of buying high but selling low .
Read moreWhat is HODL strategy?
HODL is an investing strategy in which individuals purchase cryptocurrencies and hold them for a long period of time . This allows investors to take advantage of an increase in the value of the asset.
Read moreWhat is HODL meme?
‘Hodl’ is the most iconic meme that exists in Bitcoin today . It is both timeless, beloved and demands appreciation from all crypto lovers. It is a word used to describe the true lovers and supporters of a coin. It is a word used to encourage those that are battered from the beatings of a bear market.
Read moreHow do I get a HODL token?
Go to CoinMarketCap and search for HODL . Tap on the button labeled “Market” near the price chart. In this view, you will see a complete list of places you can purchase HODL as well as the currencies you can use to obtain it. Under “Pairs” you’ll see the shorthand for HODL, HODL, plus a second currency.
Read moreIs it safe to HODL on Binance?
Is It Safe to Hold Cryptocurrency in the Binance or Coinbase Exchanges? Both Binance and Coinbase insure their hot storage, but it may be safer to use your own cold storage via a hardware wallet .
Read moreWhat is a meme coin in cryptocurrency?
A meme coin (also spelled memecoin) is a cryptocurrency that originated from an Internet meme or has some other humorous characteristic .
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