For full recovery, new ATH for the most of the coins, we should wait 2 years. Hodling is not a good option nowadays.
When you buy bitcoin you have to expect for its high price there's no guarantee of increasing bitcoin.Its same like stock market with same factors.
Market factors dependency is here with the Bitcoins value as it increases and decreases by value if some factors alters especially the demand factor is the major reason for its price increase or decrease either little fluctuations or big gaps. You need to be ready for any conditions so only your good knowledge will help you out in any situations and since this is long term so you must be waiting till increase of price.