Bitcoin just fell down to 39k plus per 1, and those that held/bought bitcoin while it was at 50k have no benefit of holding bitcoin at 50k per 1 instead they lost money. lets say those that will buy at 39k per 1 will have more benefits when its spikes again to 50k. So those that enjoyed holding bitcoin at 50k hoping that it will hit another ATH will have to wait for bitcoin to hit another 50k but still got no profit, while the 39k buyers will profit 11k dollars. My question is why is they no extra profit for early holders when the price falls and rises agian?
You don't expect that everyone will get into the market at the same time and buy in the same amount. It is possible also that those that bought at $39k can also witness a drop in price after they buy in and have to wait for a recovery to make their investment plus profits and some other investors would have bought in from less and just start to make profit.
So that cannot be an argument for why HODL is not a good strategy because the ability to HODL is profits guaranteed.