HODL, FOLD, BUIDL, TLT, BTD, BTFD, BTDSTP & BTRSTN EXPLAINED | CRYPTO JARGON #5


Welcome to Crypto Jargon, the series where I break down the complex terms used in the blockchain tech and crypto space. In this episode we take a look at the following Acronyms: These are all related to trading or investing in cryptocurrencies, so you will definitely come across them in your research so let’s explain. This episode is sponsored by Ledger: The Maker of the best hardware wallets on the market To find out more about it, check out the description of this video, where you will find the link and my tutorials on the Ledger Nano S and Nano X devices. Starting with BTD which is an acronym standing for Buy The Dip It could also be seen as BTFD which stands for Buy the Fu**ing Dip and it is a call for action amongst traders. It is used when a coin has experienced a fall in its value and in certain circumstances this is the opportunity to buy it low with the potential of selling it higher later and make a profit This is also what the next acronym calls for: You can also see it as Buy the Dip, Sell The Top the top is the high price point and the dip of course, is the low price point. This is basically the core of trading – buy low, sell high. Sounds easy, right? Well, you’d be surprised how many people get it wrong and end up selling lower than they bought. Which is why I’m releasing a course for beginners where I focus on how to avoid this. Watch out for it, it’s coming soon and I’ll drop the link in the description in this video or you can find it on my website. ojjordan.com Another very popular expression you will see on crypto forums and social media too is: meaning that one should buy a coin when there are rumours about an upcoming development such as a new release of importance a new wallet or exchange listing or protocol upgrade… and sell it when the news about it are posted in the mainstream which usually causes a jump in its value HODL (HODLING) is probably the most famous and exclusively-crypto slang, that made it to the mainstream. It literally means “holding”, in other words, “not selling” In recent days it has been appropriated as an acronym for “Hold On for Dear Life” but in fact it was born out of a simple mistake. In 2013 a user on Bitcointalk misspelt “holding” a few times during a drunken, rant post about being a bad trader and the term went viral. The post came at a time of a very bad Bitcoin crash from the then ATH of nearly $1200 all the way down to below $400 levels, a drop of more than 67% and it was the only post that brought a bit of fun to the community during those dark days, so it comes as no surprise that it made an impact and thus, a new slang was born. Today we see it used pretty much everywhere, even making its way recently into the US congress. “What we hear a lot of is people buying and holding if you go on to the Twitter universe you’ll see a phrase H-O-D-L which means “Hold On For Dear Life” and the thinking is that they buy it and hold it. my 30 year-old niece who has bought bitcoin years ago and she’s an H-O-D-L She says: I’m gonna own it, I want to hang onto it…” Ok, on to the next one – FODL This is not an actual term. It was used in a show called Fast Money on CNBC where Bitcoin and other cryptocurrencies are often discussed as an attempted antonym to HODL but it didn’t catch on so it never really made it into the crypto space. Basically, means to sell rather than hold Another term that was born in response to HODL is BUIDL and this one has a little more weight to it since it was trademarked by Coinbase.com in 2018. It’s a call to arms for building and contributing to the blockchain ecosystem instead of passively holding. The BUIDL movement believes that instead of just accumulating or trading cryptocurrencies, people should start contributing proactively in order to help adoption and push crypto into the mainstream. And the last acronym in this episode is TLT which stands for Think Long Term an investment strategy where one is not looking for the quick profits in a short period of time, but is focused on a long-term investment horizon which can be months or years. Since cryptocurrencies are still a very new asset class, many investors are thinking long term and expect huge gains in 5 to 10 years time although, for many of the Alts (alt coins) this cannot be a very safe projection since they can have many hurdles along the way that can render them useless and respectively, worthless. So my personal strategy with the alts is to trade them rather than just hodl. However, Bitcoin is surely the one asset where you can apply the “think long term” strategy. And this concludes today’s episode, make sure you check out the description below for links to other episodes, leave a like and comment below and share this with anyone who might also benefit from watching it, Enjoying this content? Why not grab a copy of my book: Crypto Jargon A-to-Z The most thorough dictionary that exists to date with over 700 definitions of acronyms, trading slang all the crypto terminology you need Just go to www.ojjordan.com/cryptojargon and grab your digital copy today.

8 thoughts on “HODL, FOLD, BUIDL, TLT, BTD, BTFD, BTDSTP & BTRSTN EXPLAINED | CRYPTO JARGON #5”

  1. you are my crypto guru oj and i cannot wait for your next class. I sure will look forward to your course. sign me up. keep up the great work you do to educate us in the crypto world πŸ’ͺπŸ»πŸ‘πŸ»

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