at least by doing HODL, the price is not so low when compared to people who panic sell
just imagine if everyone is doing HODL, then market demand might rise and cause prices to increase, because circulation is reduced by the number of HODLERS,
whereas if panic sells, everyone will wait for people to panic to buy BTC at the cheapest price
Yes. Much better to play safe rather than doing panic selling in bitcoin. It is better than doing stupid things.
How many of the people that have tried to guess which direction the market is going to go were successful and earned a lot of money through trading? Not many, there are still people that are lamenting selling when bitcoin hit the price of 2000 because they thought they could be smarter than everyone and short bitcoin in the process and since then they lost the opportunity to make a lot of money with bitcoin.