You are correct, and the full form of that word "HODL" is "Hold On Dear Life"!
Which essentially means buy and hold for longer period.
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You are correct, and the full form of that word "HODL" is "Hold On Dear Life"!
Which essentially means buy and hold for longer period.
HODL isn't an abbreviation, it was a typo (for HOLD) that stuck as a meme in the early days (like "magic internet money").