On May 23, Billy Markus, the creator of Dogecoin, retweeted Binance CEO Changpeng Zhao’s tweet about the meaning of the popular “HODL” internet meme. Zhao misunderstood HODL for “Hold On for Dear Life,” but the Dogecoin creator was quick to correct the CEO of one of the world’s largest cryptocurrency exchanges.
The roots of the HODL meme, according to the creator of the most famous memecurrency on the market, can be traced back to the Bitcointalk forum, which served as a sanctuary for cryptocurrency and Bitcoin enthusiasts back when crypto was not at the levels of acceptance seen today.
The user “GameKyuubi” shared a lengthy post describing his relationship with cryptocurrency assets and why he prefers not to actively trade with them. According to Markus, the guy who posted the message was drunk at the time and misspelt “hold” in the headline I am hodling.”
The “hodling” meme was later reborn as a fully established cryptocurrency trading method.
What is actually hodling in the cryptocurrency space?
In simple terms, the traders who select hodling are not looking for local bottoms or tops and are not trading in a range-bound market. The only activity that traders using the hodling method to purchase stocks.
