Yes, it is true that perseverance is the mother of success. One of the toughest thing to do when it comes to crypto, is the ability to hold for long.
I had a discussion with a friend. We decided to hold our tokens, because we had fiat to fall back on peradventure there is any need for it.
Presently, it is a different story, we are now in need of fiat, but all the tokens we presently hold have dumped. If we sell now, we would sell at loss, but getting money without selling is quite difficult.
As a matter of fact, we are seriously deliberating on what to do, yet we kept on telling ourselves that "it's just for a while."
you are right, holding requires serious perseverance. Watching the market in a continuous down fall can be heart wrecking and it takes patience and perseverance to overcome.