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)
I know it’s really a bad idea to hold coin on exchange, because you are not completely in control of the coin, and if anything happen to the exchange, then you will be losing your money also, so don’t leave your coin on exchange, and don’t even think a exchange is too big to be compromised, no matter how big a exchange is, it’s can be compromised, and you will be losing your money.
If you are leaving money on exchange, then you are also a holder, just that the risk which you are taking is higher than what people that are not leaving their coin on exchange are taking. Some people do leave their coins in exchange for years, people like that are also holders also.
I know about some people that bought bitcoin since around 2015, he bought it from website, and stored in the website, but the funniest part is that the site doesn’t really exist again, and the person can’t even remember anything about the exchange, or his login details.