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QUICK ANSWER
"Estoy bien, gracias" is a form of "estoy bien, gracias", a phrase which is often translated as "I'm fine, thanks". "Hola" is a form of "hola", an interjection which is often translated as "hello". Learn more about the difference between "estoy bien, gracias" and "hola" below.
estoy bien, gracias(
ehs
-
toy
byehn
grah
-
syahs
)A phrase is a group of words commonly used together (e.g., once upon a time).
a. I'm fine, thanks
¿Quieres otro cojín? - No, estoy bien, gracias.Do you want another cushion? - No, I'm fine, thanks.
b. I'm okay, thanks
¿No quieres un poco más de vino? - Estoy bien, gracias.Don't you want some more wine? - I'm okay, thanks.
a. I'm well, thank you
¿Cómo te encuentras ahora? - Estoy bien, gracias.How are you feeling now? - I'm well, thank you.
hola
An interjection is a short utterance that expresses emotion, hesitation, or protest (e.g., Wow!).
1. (general)
b. hi (colloquial)
A word or phrase that is commonly used in conversational speech (e.g., skinny, grandma).
¡Hola! ¿Qué hay de nuevo?Hi! What's new?