I understand where you coming from but I don't fully agree
According to the words of the creator of holdling, they are users that don't sell even in a dip.
I type d that tyitle twice because I knew it was wrong the first time. Still wrong. w/e. GF's out at a lesbian bar, BTC crashing WHY AM I HOLDING? I'LL TELL YOU WHY. It's because I'm a bad trader and I KNOW I'M A BAD TRADER.
About your question adoption did help but not by much, it's the history and precedence it has set that improves people trust towards it.
Now many believe that no matter how much bitcoin corrects
It would recover with a bang.