5 ms·
What the HODL meme stands for not selling your BTC for fiat. It is somewhat misleading since spending BTC (which is not the same as selling) is definitely not "
by deefcee 9y ago
What the HODL meme stands for not selling your BTC for fiat. It is somewhat misleading since spending BTC (which is not the same as selling) is definitely not "holding" in any sense. The intent is telling the new users not to succumb to fear and sell on drops but stay strong in their belief in the technology.
- if_by_whisky 9y agoSpending BTC is fundamentally the same as selling.
- TomMarius 9y agoYes, you're of course true - in the literal sense. The intended meaning is to not sell for fiat.
- davrosthedalek 9y agoOr, to be more precise, not sell for fiat because of mistrust in long term bitcoin value.
- anonymous5133 9y agoIt is but it also encourages businesses to accept it.