For noobs, HODLing is a term used for "holding" your assets (here: Bitcoins) for a very long time. But, isn't it true that those who bought it at $500 once should have sold it at $20k peak, and if not, why didn't they sell at $15k? BTC didn't crash all at once and they had the opportunity to sell and wait for another opportunity. A $15k per BTC against a $500 BTC - means a 30x return itself. And BTC crashed to $3k, if not $3k, then these hodlers would have bought back at $6k which is even less than half of $15k as they would also have added a lot more liquidity to the markets with too much money on the table. Isn't it true that too long a hodl can stop you from taking great opportunities while sitting dumb and waiting for a specific target?
It is a hundred percent fact. If you hold too much for a long time there's a high chance that you will miss a lot of opportunities. This is not the right thing to do, it would be more likely a greed. There's nothing wrong in holding and as a matter of fact, it is really profitable but you must have a limit, you gotta set your target sell. In my opinion, 10x or quite a few more would be enough. Once you saw Bitcoin in uptrend take an opportunity to sell and vise versa if it is in a downtrend.