Post
Topic
Board Bitcoin Discussion
Re: Who exactly is a “HODLER” ?
by
KovaBTC
on 07/03/2025, 08:55:04 UTC
Who exactly should be referred to as a HODLER?

As we already know, hodlers are people who hodl bitcoin for long periods of time; they are determined not to sell for the long term irrespective of the price change.

Now here comes my question: If those who buy and hodl their coins on a noncustodial wallet where they have full control over the coin are referred to as hodlers, are those who also hodl under a custodial service where they don’t have full control of the coins also regarded as hodlers?

If you leave your coins on a custodial exchange, the exchange is the one holding your coins and not you. What's available in your balance is what they can manually input. Since you don't have full control of the coin, you shouldn't be considered a hodler.

Not your keys, not your coins (and not being a HODLer)
Your keys, your coins (and you are HODLer)

For me a true hodler is someone who is holding bitcoin no matter what the price is. Someone who holds bitcoin for long term and they have the full control of their private keys and fully own a coin.

If my bitcoin is in exchange, I don't truly have control on that but I am trusting the exchange. It is like not your keys, not your coins. It is the key in crypto.

So i belive real hodlers are those who who store their bitcoin in a noncustodial wallet.