September 13, 2024

HODL GODL / HOLD GOLD.

“HODL” originated as a misspelling of the word “Hold” in a blog published by a bitcoin enthusiast, and only more recently came to also be used as an acronym for “Hold on For Dear Life”.

Our mantra is “HODL GODL” pronounced as “Hold Gold”.

According to Investopedia:

HODL is a term derived from a misspelling of “hold,” in the context of buying and holding Bitcoin and other cryptocurrencies. It’s also commonly come to stand for “hold on for dear life” among crypto investors. The term originated from a 2013 online post to the Bitcointalk forum where the typo appeared. The price of Bitcoin in 2013 was volatile at the time, surging to over $950 at the beginning of December, 2013, up from just over $130 in April of the same year. The poster encouraged people not to sell and that they were “hodling” [sic].

At 10:03 a.m. UTC on Dec. 18, Bitcointalk online forum user GameKyuubi posted a purportedly drunk, semi-coherent, typo-laden rant about the user’s poor trading skills and determination to simply hold his Bitcoin from that point on:

I AM HODLING

I typed that tyitle twice because I knew it was wrong the first time. Still wrong. w/e,” GameKyuubi wrote about the now-famous misspelling of “holding.” “WHY AM I HOLDING? I’LL TELL YOU WHY,” he continued. “It’s because I’m a bad trader and I KNOW I’M A BAD TRADER. Yeah you good traders can spot the highs and the lows pit pat piffy wing wong wang just like that and make a millino bucks sure no problem bro.

https://www.investopedia.com/terms/h/hodl.asp

GameKyuubi concluded that the best course was to hold, since “You only sell in a bear market if you are a good day trader or an illusioned noob. The people inbetween hold. In a zero-sum game such as this, traders can only take your money if you sell.” He then confessed he’d had some whiskey and briefly mused about the spelling of whisk(e)y.3 

Within an hour, “HODL” had become a meme. Initially, the memes generated referenced the epic battle movies 300 and Braveheart, but there are now countless HODL memes floating around the internet.3 Many HODL memes now reference Game of Thrones’ Hodor.

About Author

Isaac Benjamin

Isaac Benjamin is the Head of Macro at the Gold & Silver Index. Investor & entrepreneur who spent time as a gold mining analyst before ventures in range of emerging industries. Accurately predicted commodity cycles including platinum & palladium & the recent surge of inflation. True gold / silver bug at heart, with contrarion perspective. Bug stands for Buy Up Gold, not Big Ugly Gold. Building a community of BUGs while identifying unique opportunities in search of the long hedge. Cash is Trash, so Hodl Godl (Hold Gold).

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