Is this good? Is it bad?
I don't have the answer, let's discuss.
The "HODL" itself is neither good or bad. It's just for fun.
If you refer "HODL" to a strategy, for example "Hodl to die" then many people died in the previous down trend market.
At the same people hodl and sold in the peak time also be made huge amount of profit on investing bitcoin. I am not sure about other coins but bitcoin and ethereum will not make you to face failure.
I support this meme. May we can try some funny meme to make people attracted towards it.