Who exactly should be referred to as a
HODLER? Hodlers are the ones who bought on high, after which things naturally went in the wrong direction. However, later, they did not want to sell at a small loss, which drove them to a bigger loss.
Not everyone who holds started like this. Like me who bought bitcoin at a low price and until now is still holding. A lot of the investors started in bitcoin with the intention of holding for a long time because they do not want to think about the market.
They just wait for the bull market to take profit so that the volatility does not bother them too much.