if you consider BTC as it is (a sequence of bits and bytes created over the blockchain) your sentence is correct IF you got your BTC for free.
Holding and encashing have two different meaning, just ask yourself why are we holding? 90% of the holders will tell you 2 different things: to support this technology and to get more gains based on the investment made.
So holding goes in pair with the market value, encashing is ignoring the market value (to a certain degree).