HODL is a strategy used by investors to hold onto their cryptocurrencies for an extended period, regardless of market fluctuations. The term originated from a misspelled online post in 2013 and has since become a popular mantra among crypto enthusiasts.The philosophy behind HODL is rooted in the belief that, over time, the value of the asset will increase. Investors who adopt this approach often disregard short-term price drops and market volatility, focusing instead on long-term potential. This strategy can reduce the stress associated with frequent trading and the fear of missing out on short-term gains.HODLing can be particularly appealing for those who believe in the underlying technology of cryptocurrencies and their future adoption. By holding rather than trading, investors can avoid transaction fees and the emotional rollercoaster associated with trying to time the market. Overall, HODL represents a commitment to long-term investment in digital assets, often leading to greater resilience and patience amidst market uncertainty.
Russia Grants Banks Limited Approval to Handle Cryptocurrencies
Russian banks will be allowed to conduct cryptocurrency operations under strict conditions, the Central Bank announced Friday, marking a cautious