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)
Well, I think I have the answer to this problem. I used to think about this too, and was confused about how to differentiate between hodlers who have Bitcoin in custodial and non-custodial wallets. But in the end I had the idea to differentiate them into
"Indirect Hodler" and
"Direct Hodler", which means that
Direct hodlers have full control over the Bitcoin, while
Indirect hodlers do not have full control over the Bitcoin they own. Well, with those two words I can easily explain it to people who ask me about this, and I often use those words, even though if anyone asks about the warranty issue there, we know that some exchanges already have proof of reserve for their users. I don't know if it's acceptable to people or not, but what's clear to me is that it makes it easier to differentiate.