Who exactly is a “HODLER” ?

[EarnOnVictor]

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

That's a good example, all they care about is to own Bitcoin, that's all. They are faithful.

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.

Well, perhaps if they have financial challenges, otherwise, Hodlers will not do that for mere wants/necessarities.

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?

Stop loss? Is there even a stop loss in investing? I don't know of that unless the person is practising the floating stop loss known in the mind. Regardless, Hodlers will not think of a stop loss but "set and forget."

[OcTradism]

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

That's a good example, all they care about is to own Bitcoin, that's all. They are faithful.

I agree as holders can sell but their actions must be not panic sell. Doing scary and panic sell is like doing this without plan and intention for it while if you are a true holder, you can plan your sell for take profit or for money you need to spend for something. Holders sell their bitcoins but in planned and controlled ways and never join the market crowd in extremely fearful days with panic sell.

Stop loss? Is there even a stop loss in investing? I don't know of that unless the person is practising the floating stop loss known in the mind. Regardless, Hodlers will not think of a stop loss but "set and forget."

I don't think it's "Set and Forget" that is only an exaggeration. Investors, and holders have to defend their capital so stop loss is helpful but they can use it or not, it's personal choice.

Like in a topic asks for question as "Will you buy bitcoin when it drops to $1,000 or $500 in future?"

It's a hard question to answer because from price of $100k to $1k or $500, there must be many severe things as causes of this fall like something really bad with Bitcoin blockchain technically. If you can use Stop loss, why don't use it?

[philipma1957]

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

That's a good example, all they care about is to own Bitcoin, that's all. They are faithful.

I agree as holders can sell but their actions must be not panic sell. Doing scary and panic sell is like doing this without plan and intention for it while if you are a true holder, you can plan your sell for take profit or for money you need to spend for something. Holders sell their bitcoins but in planned and controlled ways and never join the market crowd in extremely fearful days with panic sell.

Stop loss? Is there even a stop loss in investing? I don't know of that unless the person is practising the floating stop loss known in the mind. Regardless, Hodlers will not think of a stop loss but "set and forget."

I don't think it's "Set and Forget" that is only an exaggeration. Investors, and holders have to defend their capital so stop loss is helpful but they can use it or not, it's personal choice.

Like in a topic asks for question as "Will you buy bitcoin when it drops to $1,000 or $500 in future?"

It's a hard question to answer because from price of $100k to $1k or $500, there must be many severe things as causes of this fall like something really bad with Bitcoin blockchain technically. If you can use Stop loss, why don't use it?

Traders have stop losses.

Holders have buy the dip ladders.

If you own a coin and have a stop loss on it you are a trader

If you own a coin and have a buy the dip on it you are a hodler

[Bastketsrus]

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)

Totally agree — if you don’t hold the keys, you’re basically trusting someone else to HODL for you. True HODLing means full control, not just watching numbers on a screen.

[Sticky Bomb]

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.

I think anybody who is not selling their BTC whether it is in an exchange or a wallet is actually holding, but the thing is that any coins in an exchange is not being held correctly and is only valid as long as the exchange is  in full operation and the investor is in good standing with the exchange, so the investor in question does not have total control.

While in the event of using a decentralized wallet, the investor has full control over their coins and only has to be accountable of his seed phrases and private keys to be able to access his funds.