What is hodlers?

Hodlers are cryptocurrency investors who hold onto their digital assets for an extended period, with the expectation that their value will rise in the future. The term "hodl" comes from a viral post on a Bitcoin forum in 2013, where a user misspelled "hold" as "hodl" and the term has stuck ever since.

Hodlers are often contrasted with traders who buy and sell crypto in response to short-term market trends. Hodlers believe that while cryptocurrencies may experience volatility in the short-term, in the long-term, they will appreciate in value, making them a potentially lucrative investment.

Some hodlers also subscribe to the philosophy of decentralization and view cryptocurrencies not just as a potential investment, but as a means of changing the financial system. They argue that by holding onto cryptocurrencies instead of fiat currency, they can help to promote the growth of a decentralized economy.

Overall, hodlers play an important role in the cryptocurrency market by providing a stable base of demand for digital assets. By holding onto their coins, they reduce sell pressure and contribute to the overall stability of the market.