How does holding an asset during a decline in its real purchasing power terms by 70% represent having a 'strong' hand?
All it represents is losing money.
A 'clever' hand would have sold up at the beginning of the year, and would now be buying up BTC.
A 'clever' hand would have three times more BTC than a 'strong' hand.
Three times!
Do you mean 'strong' as in 'dense'?
If you want to be clever and try to time the market, more power to you. One of the arguments for dollar cost averaging and long term holding is that you can spend your time on other things instead of having to pay so much attention to the short term price.