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!"
As you qoute, it depends on how you choose the right investment.
I think it doesn't really matter if you hold on when conditions are not too good rather than quitting and exiting at a loss if it is the right asset like bitcoin for example.
We have seen a lot of hodlers who end up staying afloat even though conditions are even crashing and blindly as you said, because they believe that the investment asset they hold is something that is right and worth keeping.
All have their own strategies and forms of investment if indeed you think hodling is not very profitable then indeed don't do it because I still believe if I keep hodling when conditions are not okay in bitcoin and try to increase the load then I will benefit from it in a certain period of time because I believe bitcoin will return to their form and it's just a matter of time for that, even though it's not one hundred percent certainty but my belief is still not diminished.