Holding is something that has to be done with the right assets, lest we generalize in this space.
I think, like Cryptocurrencies, stocks, property and commodities are all subject to market forces, and their value can fluctuate unpredictably. If an investor were to blindly hold on to their assets without considering the market conditions, what's worst, is that they would lose a large part of their investment on the hype of a nascent coin/token.
Granted, HODLing can be a viable strategy for some investors, but in my view it doesn't always work effectively under certain conditions, especially when market conditions change or the investment landscape evolves. tested like you say "Bitcoin is our chance, we can't just pass it up!"
Market fluctuations affect the value of all forms of capital, including cryptocurrencies. Holding onto an asset in the hopes that it will increase in value is not investing. Real success requires familiarity with the asset, awareness of market trends, and a willingness to adjust tactics as needed.
Despite HODLing's widespread adoption in the Bitcoin community, the technique is not appropriate for every investor. Tolerance for risk, time horizon for investing, and end-state financial objectives all vary greatly across investors. Because of this, it's essential to think things out on your own instead than going with the flow.
But Bitcoin has also proven to be very robust and promising over the years. We should be realistic and spread our money around, but we shouldnt ignore the possibilities that Bitcoin offers.