Everyone is holding, that's true. But the question is what coin are you holding. Some alter coin will never turn green. Because it's already dumped. But I still believe holding is a good idea. Hold a little more, for a little increase. Because the raising and falling is the joy of crypto trading.
The correctness of any action is understandable only in comparison with another action. If we compare the holding of crypto assets with the investment in a bank deposit, then obviously this is the right strategy. A bank deposit can not protect an investor even from inflation.