Bitcoin or any other cryptocurrency is a payment system at its core and we should give first priority to use it as a payment system instead of looking to earn from the speculation activities. Bitcoin is valuable today just because the early adopters decided to use their Bitcoins as a payment system instead of holding their funds. As of now I am trying to spend at least 50% of my funds and hold rest of the 50% funds to balance my activities in the crypto sector.
Yes, bitcoin was meant to be a payment system, however, it evolved become a mode of investment for almost all of us that's why the term HODL suddenly pop out and now its part of our history. And I do agree that Holding has its advantages specially for those who doesn't want to trade. But I do believed that this method is best maximize when the price is really low maybe around 2011 and just hold and do nothing up until we made a significant run to almost $20K last year. But today, I don't think that it will give you that amount because the price keeps on fluctuating so for me holding is not the best strategy at this market situation.