Post
Topic
Board Bitcoin Discussion
Re: Who exactly is a “HODLER” ?
by
CryptoHeadlineNews
on 08/03/2025, 20:38:14 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?
The acronym "HODR" simply means "HOLD ON to DEAR LIFE", which therefore implies that a person who hold on his crypto for dear life or long term is considered a "HODLER" irrespective of the place the coin is been held. Because whether you hold your Bitcoin on a non custodial wallets or an exchange, as long as you hold it for a longer period of time without touching it, and you were lucky enough to still have access to it when you needed it in the future. You are considered a HODLER.  But in other to be on a safer side od not losing your coin if your exchange gets hacked or get seized for whatever reason, that's why it's always advisable to investors to keep their Bitcoin in a non custodial wallets where they could have full control over it.