What does "HODL" mean and why you should always hold on for dear life

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 originated in 2013 with a post to the bitcointalk forum. HODL soon became a byword for an approach to cryptocurrency investing that shuns trading based on short-term price moves. 🙌💎
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Novice traders are likely to botch their attempts to time the market and lose money or make less. Hodlers simply hodl, which helps them to counteract two common destructive tendencies: FOMO (fear of missing out), which can lead to buying high, and FUD (fear, uncertainty, and doubt), which can lead to selling low. 💡
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For hard-core believers in crypto, known as maximalists, HODL represents more than a financial strategy, they hodl because they think cryptocurrencies will eventually replace fiat currencies and form the basis of all future economic structures. They, therefore, see the fiat exchange rate of cryptocurrencies as irrelevant. 📈