Post
Topic
Board Bitcoin Discussion
Re: Who exactly is a “HODLER” ?
by
o48o
on 09/03/2025, 20:54:15 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)
There's no such thing as a definition of a hodler. It's just a made up term, based on unintentional drunken joke.

Hodling is just a meme for not selling. It's has nothing to do with the concept of non-custodial or custodial wallet. Back in 2013, owning your keys was pretty much a standard way to own your coins, as CEXes were much more unreliable then now. They were constantly exit scamming or blamed hacking for exit scamming.