Now I want to know what really do you think is holding people back for hodling this period?
BTC is indeed recognized as a potential asset and long-term investment pattern. I think the general and main reason is that if someone already feels that they are benefiting from the value of crypto assets, then they can immediately sell it to get a profit and not hold it for too long and that is regardless of the factor of fulfilling our daily needs, for example the cost of eating, drinking, work operations or others.
Bitcoin is a long-term investment platform where long-term investment has a chance of earning huge profits. If we invest in Bitcoin for a short period of time, we will not understand the amount of profit and loss from Bitcoin. To understand the amount of profit and loss, we must hold for a long time. One thing I have noticed is that people usually choose some ALT coins for short term trading, the price of bitcoin does not change much in short period of time, so for regular trading people think ALT coin is good choice, but for long term investment, they need security of money which usually people get from bitcoin. Investing in Bitcoin over a longer period of time will never risk your money but investing for a longer period of time will give you a higher chance of profiting from that investment.
Slow and steady, it is said, is the way to success. Bitcoin's credibility and widespread use function as a safety net of sorts. It's the equivalent of the "gold standard" in cryptography. The extreme volatility that makes alternative coins attractive for short-term trading also makes them more volatile and risky. Keep in mind that taking more of a chance could lead to greater gains but also larger losses.