Post
Topic
Board Bitcoin Discussion
Re: Who exactly is a “HODLER” ?
by
aoluain
on 12/03/2025, 14:26:14 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?

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)

Yes - I class them as HODL'ers because of their intentions not necessarily how they HODL.

Personally I cannot understand how anyone who has a mindset to HODL cannot spend less than $100
on a hardware wallet to secure what you own.

Definitely hard lessons have been learned by people HODL'ing and have used the over 50 hacked exchanges.
And certainly more lessons will be learned in the future.

https://chainsec.io/exchange-hacks/