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.
I don't really believe in your submission that the " lower Bitcoin goes, the harer it is for it to recover" for reason being that not just because the market value if Bitcoin is going down doesn't really mean it will be hard for it's recovery if you take close look at the trend of Bitcoin. The factors that will return Bitcoin market value in an upward direction will soon start it's effect.