And for investors who like to "trade", certainly Hold is not their choice, because the short-term waves are the time when they make the best profit.
When I think of the term "investor" I generally don't think of people who actively trade something--those folks are traders, or speculators. Investors are long-term holders IMO, but I guess that's just semantics. Anyway, I could never be an active trader. I've tried it with small amounts of crypto and in the stock market, and it's too nerve-wracking for my blood.
I do hold a little bit of bitcoin and don't plan on selling it any time soon, so I guess you could call me a hodler. These crazy price swings don't really bother me since I've been around long enough to know that they're normal--but that doesn't mean I'm not hoping bitcoin doesn't crash down to $5k or lower. The lower bitcoin goes, the harder it is for it to recover.