Haha, so true. Everyone giving messages of HODL and yet market keeps going down. That just means people want others to HODL, so they themselves can cash out.
Many people are hodling their coins but not to that point of taking so long sometime it need more effort and patience. Most of them weren't able to survive and given up the commitment due to need of money even though they're losing much. However when price started to recover back, buying back is the other options for them.
Well, one thing for those who have been holding their coins is simply based on the fact that they do not have any other choice anymore than to just hold, knowing that to be selling now is not even the point for anyone who is smart. One way or the other, we will always get to have people who end up panicking for no reason at all, and then people who are smart enough to see the market right now as an opportunity. It happens in every market, so one way, I would not say people are responsible for killing the market, but the truth is that people are basically responsible for killing their own pockets if they sell at loss in the long run.