A misspelling of the word “build,” BUIDL is a call to crypto enthusiasts to build and contribute to the advancement of the blockchain and cryptocurrency ecosystem, rather than passively holding coins, and waiting for the price to go up.
Building a project in the crypto currency space could require advanced technical skills like programming. But this is not the case with Buidling. Buidling could be as simple as just using a crypto currency for it’s intended purpose, utilizing smart contracts, beta testing new crypto products, playing blockchain games, and doing any other thing that could help the blockchain and cryptocurrency space evolve.
The first person to use the term BUIDL is unknown. Yet, many major players in the cryptocurrency ecosystem believe in BUIDLing and regularly use the term to encourage the development of the overall ecosystem.
For instance, Vitalik Buterin used the term BUIDL when referring to Ethereum’s development. Also, Binance’s CEO, Changpeng Zhao often uses the term BUIDL to encourage new and old members of the communities to begin contributing to the ecosystem more than just purchasing and HODLing.
What is HODL?
HODL is a term typically used by cryptocurrency investors that refuse to sell their cryptocurrency despite the increase or decrease in the price of the coin. HODL is also an acronym that refers to “Hold On for Dear Life”. It’s when traders refuse to sell their coins during a strong market volatility and poor market performance.
HODL has proven to be one of the most profitable investment strategies for crypto traders. For instance, if you had invested $ 1000 to acquire 1000 BTC (when it was at the price of $ 1 / BTC in April 2011) by this time, you would have in your possession an approximate of $64.000.000.
All this will be gotten in just 10 years of saving Bitcoin. Beyond doubts, we can see that HODLing Bitcoin and other high-value cryptocurrencies will allow you to exponentially multiply your assets in the future.