Crypto Twitter has been ridden with the hashtag #SoldXRP over the past few days. Some XRP community members have no idea what the point of it is, while others say it's just a joke and is good for the overall health of the ecosystem. Without mentioning my opinion on the matter, it got me thinking about the true meaning of the acronym, HODL.

HODL is thrown around the crypto community at large and is a term that almost every crypto fan knows, even the newbies to the space have likely seen it used on different websites and forums. HODL was one of the very first acronyms I saw and learned early on in my crypto journey. It makes sense, right? After all, if you are investing in magical internet money, you might as well hold onto it until it moons and then you are rich! ... Well, kind of.

HODL means to “hold on to long term” or to “hold on for dear life” if you want to stay true to the acronym letters. It dates back to a misspelling on a bitcointalk forum headline in 2013 and it stuck with the community who decided to use it instead of the word “hold”.

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Inside crypto investor's minds, you and I, it makes sense on paper. Hold on to your assets because they are expected to raise in value over the coming months and years once “mass adoption” kicks into high gear. That's all fine and dandy and I agree with that notion. But, here's where the curve-ball comes in. What happens when price action stays the same or drops off for a long-period of time?

What happens when the s**t hits the fan and you are not seeing your favorite coin(s) shoot to the moon and back? Or, even worse, what happens when you are seeing red red red red day after day after day after day after week after week after month after month after month etc? What happens when you think of HODL now? Do you think of it differently? Does the term take on a whole new meaning because of the circumstances of your coin's price action?

In your mind's eye, the definition might change a bit, or a whole lot in fact. But, the truth remains, that HODL means HOLD ON. It means hold onto that thing UNTIL you see the price action that you want to see. Hold onto that asset UNTIL you see it shoot towards the moon. Hold onto that coin no matter what. Why? Because you believe in it's potential. Because you have faith that you will see a sizable return on your investment.

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Not only that, but you believe in the digital asset space in general. You believe that cryptocurrency will help make the world a better place and you want to be involved in the revolution as an early pioneer in the space (that rhymed). HODL means HOLD ON even when price action isn't going the way you want it to go. Trust me when I say that it won't be easy to hold on for dear life when all you see is a sea of red covering the screen.

Thoughts may begin to creep in such as, “Maybe my family was right, this crypto stuff really is a joke after all”. Or, “I should probably sell so that I don't lose everything as the entire market tanks down to 0”. Here's the truth, the only reason that you should be worried about prices is if you bit off more than you could chew. Meaning, if you invested more money than you were willing to comfortably lose, then fear and doubt now can have a strong foothold over your mind.

The crypto market is volatile. Only invest what you are willing to lose and do not bet the farm. Be smart and do you due diligence before throwing your life savings into this nascent market. Not financial advice, merely my opinion on the matter.

HODL means to hold on. If you type “hold on” in the search online, here is one of the definitions you will find:

[to] endure or keep going in difficult circumstances.

I love this definition because it is a perfect representation of what is happening right now in November 2019 during this extended bear market. Times can and do get difficult. Here's the kicker... will you endure? Will you keep believing even though circumstances don't look promising? Will you stay true to the true meaning of HODL and stick it out UNTIL your desired outcome arrives?

For subscribers, how to break fear, uncertainty, and doubt when it comes to your investments...