It is just too nice a term for what we are presently experiencing. I believe we need to ad a new letter to it HOFDL - " Hold on For Fucking dear life " . Pretty much sums up what is necessary in this market.
I like your term dude 
There's no turning back now for all holders because if you can't hold this blood bath any longer and choose to let go your coins then you will end as a loser. So the best option for us is to stay strong and continue even though it's really hard to see that our earnings are now slowly decreasing day by day. 