i think it's better cut loss and wait for price below again then we buy back, so there will be transaction in btc, and i think the price will not be this bad. if many people only hold btc so market circulation will decrease
Yes, price also depend on the demand they want but the circulation of bitcoin decreases so why would the price of bitcoin go up unless the supply of bitcoin is unlimited.
Holding can't make the circulation decreases, when bitcoin had mined it added in circulation in the market so even we hold it doesn't affect in any way. And the fact that we hold it and have a high demand and only few are wanting to sell then it'll affect the value. I believe holding bitcoin is still essential for us especially if we want the future will be in our hands.