Some people refuse to take profits when their coins and tokens are surging so high.
Because greed let people keep on waiting for higher and higher value for there coins and end up selling at dip.
Since price can’t go up all the time.
asset holders have different characters, there are those who sell them when the price soars and there are also those who keep them until the price returns low, I think people who hold coins for a long time are those who have done analysis and research on the assets they hold, at least they already know and understand the roadmap of a token they hold. I think everyone who holds assets for a long time has their own goals.