If you have a decent portfolio - hold, that's my position because market will show its power in future, you'll see. Selling everything now for pennies is not reasonable at all.
Most people do not have the patience to hold their coins anymore, they think that they will be able to make money trading or by investing for the short term but anyone that has been here for the long term knows that is not the case so all of those people that choose to sell their coins for a bad price right now are probably going to regret doing it when the market begins to recover.
Some of them might playing for a while after learning the market sway, but for sure most of investors who believes what crypto can bring to them
are still holding patiently, knowing that in any moment the market will rise back again, we should analyze well before taking any decision, short with
small gains or long with very decent earnings, but what important the most is we do play without any loses from our initial capital.
HODL is one of the most applied strategies as it helps reduce the risk of huge losses of assets. Furthermore, I think it needs proper timing and planning when to HODL, trade or invest as we also need to be on the look out on the market condition before deciding what to do next. It's better to study the market and learn on how to play the game wisely and strategically inorder to survive and be productive in the world of cryptocurrency.