I bought bitcoin when it was around $14,500 in January and I am still holding because I am not discouraged. I have great hope that bitcoin is going to increase in price and volume in some years to come.
I admire your courage ti hold even price drips morethan a half from where you bought it. I felt lucky since I bought bitcoin when it was 8k$ and same as you I'm confident to hold and wait for bitcoin to bounce back even if it takes years.
It is not his bravery, it is this situation that forces him to choose hold until the bitcoin is restored because the loss to the present moment has been too large, if the sale, it is to accept loss, therefore, if he does not want to lose, he can only hold. And I believe that he is now starting to get depressed and want to give up when the bitcoin continually brings hope and then turns hope into disappointment, the emotions of many people are exploding with recent events