Not everyone but most of us is only becoming hodlers as that is the only option left for most of us in this bearish market. This is due to the fact that most of us only have limited capital or assets to invest to or trade and even traders do have their own share of problems and for most of us only hodling is the remaining option.
I agree with you as hold is the last resort to us in hopes that the price will recover and give us profits, The situation is unpredictable and in the first place we don't know that the price will go down all the way, what if the price will bounce back easily then we get our profits.