The term "HODL" stands for "hold on to your digital assets." This strategy is appropriate when the market is on a bull run. However, this strategy will not benefit you if the price of your crypto falls by a large amount. The reason for this is that a HODLer needs time to realize a profit. Moreover, he or she will miss out on the opportunity to take advantage of the short-term price fluctuations in the crypto market.
In general, HODLers use secure wallets to hold their cryptocurrencies. This is not the same as staking, which entails using a hot wallet that is not under your control. This poses a security risk. In addition, HODLers will not increase their number of coins. In contrast, staking will increase your coin's value over time.