If I am still very confident that bitcoin will go back up so holding an asset in the long period is increasingly opening up opportunities in gaining substantial profit in the future especially to invest in bitcoin.
Holding our bitcoin to hopes for the great earnings is good because we have our own strategies. Most who holds are confident indeed that price can increase. So holding can be good since most of us are much aware about volatility of bitcoin price.
Yes holding is a good strategy for some, but I think someone is holding blindly, that only cause you lose money. Hold to die is a wrong strategy, Set your clear target, then exit when the price hit the target. Most holders dont have exit strategies that's the reason they are losing a lot money in the recent bear market