"Hodl" is word used to much in crypto space but i think hodl can be dangerous for newbies mostly they will be shilled and hodl a shitcoin or hodl a solid coin for too long and wouldn't sell when time was right you will end up like me as there was time when i could buy tesla now i can only buy honda.
There are always situations like this, because if we sell just before the big pump happens, we will regret that we can only buy Honda when we have the opportunity to buy Tesla if we are more patient. I think nothing is excessive unless this is just a market, and the cycle is part of the game.