An interesting quote from the article about the HODLers:
......The catch-22 is people buy Bitcoins because they think the price will go to infinity and beyond once everybody uses them, but they don't spend their own Bitcoins because they think the price will go to infinity and beyond once everybody else uses them. And so nobody uses them.
But if nobody uses them, then the price will stay stuck at something a lot less than infinity let alone beyond. So the Bitcoin faithful have tried to not only convert people, but also convince them to martyr themselves, financially-speaking, for the crypto cause.....
this is assuming that all the holders, does not buy others coins, which is blatanty wrong, it's obvious that not all the holders are just holding and watching the market, and hoping for it to skyrocket overnight or 10 years
some of them are shorters, other are buying like crazy to help sustain their holding(this is a good strategy, you just need to buy a little everyday), those that have big amount of money are still investing in bitcoin, only newbie that are afraid of losing everything, hold and do nothing else