If you think about it, the HODL strategy has influenced our decision making drastically in crypto. Through highs and lows, we still do the HODL strategy. For example, last December when bitcoin's price reached its ATH, a lot of us who still not needed extra cash at that moment, HODL their bitcoin thinking that it will still go higher. At the end, when bitcoin's price suddenly fell, we regret not selling our fair share of bitcoin so that we could've earned a decent amount. Most probably now, those people are still holding again and waiting for bitcoin to rise again.
traders have to learn at some point. I no longer hold blindly and follow strict stop loss rules to preserve my capital no matter how much people hype others into hodling.