Post
Topic
Board Bitcoin Discussion
Re: Who exactly is a “HODLER” ?
by
Agbe
on 07/03/2025, 19:18:00 UTC
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?
As for me the matter the place you keep your coins as far as long term and you see your coins in the wallet at the end of the time you need them it is hodling. Yes we agreed that in exchange CEO and his working team have the full control over your coins because they have the seed phrase. Which means they can freeze and seize your coins without your knowledge but what about hacking in the non custodial wallets. We have to think the alternative ways. What I am saying here is that, "a holder" is the investor who kept his coins for a long period of time regardless of the wallet.

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)
  This statement was made because the coins in the Centralized Exchange can be freeze, seize and locked or blocked since the database is controlled by another person who developed the website/ app. But if the own of the coin in the exchange withdraws the coins in the long run. He is a holder.