<span style="font-weight: 400;">The concept behind bitcoin and other cryptocurrency is hard enough already for most people to understand but imagine living a life off of it, with all the uncertainty and volatility of Bitcoin. The crypto universe has developed its own working language which can easily confuse an aspiring crypto enthusiast. </span>

<span style="font-weight: 400;">Hodl is a slang belonging to the world of cryptocurrency which actually is nothing but a result of a misspelled incident back in December 2013, when the Bitcoin Forums noticed a post on its message board by an oblivious user, with a typo in the subject “ I AM HODLING”. After that, the term Hodl quickly caught on and became an essential slang in the crypto world. In 2017, it was declared as one of the most important terms in the crypto culture by Quartz. </span>
<h2><b>What is a Hodler?</b></h2>
<span style="font-weight: 400;">There are many people who are regularly into trading and keeping track of every little drop and rise in the currency value. A Hodler, on the other hand, holds on to the cryptocurrency just as a person would hold onto to any other monetary asset that is centrally governed and sell them based on their convenience or monetary requirement, with a hope that the selling value is higher than the purchase value paid by the hodler. The alternative is to trade, where the trader keeps track of daily patterns and analyzes daily activity and respectively considers purchasing or selling the currency based on the rise and fall of the coin.</span>
<h2><b>Participation of a Hodler</b></h2>
<span style="font-weight: 400;">Trading is hard and it isn’t exactly a piece of cake to understand, as it requires to comprehend the analysis based on charts and figures. This does not imply that traders do not make a good living by betting on the results but trading also comes with a high-risk factor.</span>

<span style="font-weight: 400;">One of the most attractive benefits of hodling bitcoin is that the hodler can remain a very active participant in the market and keep up to date with every occurrence in the crypto market without taking the stress of the fluctuations in the currency value. Instead of taking the pressure or getting anxious on a daily basis of analyzing charts and data, hodlers can keep track of the actual developments in the crypto world and blockchain technology. Such observations and understanding bring confidence in long term investments. The organizations that see cryptocurrency as a long term investment or like digital gold, are the key to understanding the evolving industry.</span>

<span style="font-weight: 400;">So instead of getting nervous by the sudden price drop in the market value of the currency, hodlers can simply play as observers to the real industry advancement with this technology and more importantly to remember that their role is not in the active, daily basis play but as the long term player in the market.</span>
<h2><b>Hodler’s Role in the Future of Fintech</b></h2>
<span style="font-weight: 400;">The freedom that comes with the bitcoin technology in contradiction to the traditional finance practice, is another major benefit enjoyed by the hodlers. The luxury of being away from the central authorities' participation and permissions to transfer money that people work so hard to earn, offers independence from the government’s eye. The network of bitcoin was designed in such a way that no financial institutions or banks can influence the money transfer, ensuring a free flow of monetary assets.</span>

<span style="font-weight: 400;">Hodling is a culture that runs on future developments in the crypto industry and the scarcity of the coins, and someday the market value of their assets will significantly skyrocket and make them an active member of the future fintech industry. With the same hope, hodlers also prefer to invest in altcoins, which currently do not hold any major value in the market but due to the scarcity factor have the potential of rising in the future. </span>

<span style="font-weight: 400;">Confidence in the blockchain technology that underpins the trust in cryptocurrency, is another important factor that drives the hodler culture. The potential for them to be used and integrate with other technologies, compels hodlers to invest in cryptocurrency.  </span>
<h2><b>Conclusion</b></h2>
<span style="font-weight: 400;">Hodlers are far-sighted people with futuristic compel to their practice of holding on to bitcoins and other cryptocurrencies as investments. It protects them from the daily ups and downs in the market price of the currency, but still maintains their active presence in the industry. As mentioned above, the culture of hodling mainly exists because of the lack of a number of crypto coins in existence. </span>

<span style="font-weight: 400;">The potential for some of them to gain a higher market price and play a major role in the future financial technologies gives them all the motive they need to carry on with investing the currency. To hold investments in the decentralized nature of the cryptocurrencies and away from the government scrutiny is a lasting reassurance to treat them as valued assets and ensure their places in the future of FinTech.</span>
<h4><span style="font-weight: 400;"><strong>Articles You May Read</strong></span></h4>
<ul>
 	<li><strong><a href="https://blog.cryptoknowmics.com/how-to-choose-cryptocurrency-wallet/">How to choose a cryptocurrency wallet?</a></strong></li>
 	<li><strong><a href="https://www.cryptoknowmics.com/news/strong-reasons-to-buy-bitcoins/">Strong Reasons to Buy Bitcoins</a></strong></li>
 	<li><strong><a href="https://cashbackjazz.com/blog/is-bitcoin-rush-a-legitimate-investment/">Is Bitcoin Rush A Legitimate Investment?</a></strong></li>
</ul>

The Benefits of Being a Hodler

Hodling is a culture that exist due of the scarcity in the number of bitcoins and the chance to become an active participant in the future of FinTech.

Ashna is a graduate from Amity University specializing in Journalism and Mass communications. She is currently working as a content writer for Agio support solutions Pvt. Ltd. She aims to provide quality content and strategy in the field of cryptocurrency and work with digital marketing platforms to deliver brand-specific strategies.

The Benefits of Being a Hodler

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