There are clear boom and boost cycles in Bitcoin, they are useful to shed out all the noobs and leave only the strongest holders that know what they are dealing with. There's a lot of people holding Bitcoin that don't deserve to hold Bitcoin because they don't understand it, so these will be forced to panic sell. Governments and whales will keep stacking up on coins, then they will declare it world reserve currency and then the noobs that sold will complain that Bitcoin is controlled by a small elite.
Can't agree more. It's quite interesting to see how even the more senior members here haven't noticed how precious Bitcoin really is. Good thing however is that I gladly buy up their coins if they offer me that opportunity.
I definitely understand that people have bills to pay and other expenses that they couldn't have seen coming, but if all that doesn't apply and there is no reason to sell your coins, then simply don't.
There are so many fake hodlers out there stating to keep hodling till 2020 and whatnot, but as soon as the price goes down they are out. Everyone can hodl during an increase, only a few can do that during a decrease.
That's how real hodlers seperate themselves from wannabees.