Post
Topic
Board Bitcoin Discussion
Re: Who exactly is a “HODLER” ?
by
goldkingcoiner
on 16/05/2025, 19:15:46 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)

Someone who won't panic sell whenever there is a scary dump going on.

Even hodlers are permitted to take profits, but its more or less about the actual mindset of the person who own the Bitcoin, rather than the amount of time that person has held on to said coins.

If you are putting in stop losses and always have your eyes on the chart, ready to trade your coins in for fiat, then how is that person in any way to be considered a hodler?