I would say that it all depends on your aproach - if it's an investment (long term) then hodling and adding up at lower prices is ok. If you trade though, it just makes absolutely no sense to hodl when you could be shorting for example and increasing the amount of coins you'll have by the end of the day.
Thing is trading is tough
That is it! Your approach to things matter when it comes to anything or investment. A lot of people came with the approach of the long term and the potential they stand to gain knowing that this market is still new and there is a huge chance for it to grow with mass adoption.
Nonetheless, at the same time, a lot of people came into this space with some promises of getting rich overnight and they are now stuck in between the deep blue sea (their mind) and the red sea (the market), with confusion and fear all over them. That is what happens when you hit a market without a plan and with a wrong mentality.