When the market is red and drop like now, of course hold is a good step, we must be optimistic that the market will soon recover so that with a hold, we get a big profit someday.
Yeah you are right in this situation holding is better for saving your coins, but one thing is very important that skilled and experienced traders can make money from this bearish situation. There is fluctuation about $200 to $600 in bitcoin price and if you observe the market keenly and do not miss any positive movement, you can make handsome profit from trading even in this rough situation of the market.