As the majority of holders have become such because they were just unlucky and kept on holding when they should have sold. In this way, there is no "HODLING standpoint". Simply put, it is an invention of lost souls (aka bagholders) to justify their mistake somehow and try to rationalize it
How is "hodling" an invention of "lost souls" to justify bag hodling? I hodl, not because of my average buying price, which is lower than its price now I might add. I hodl, because I believe in Bitcoin for idealogical reasons, and as an investment in sound money
Are you sure that you wouldn't sell your stash at 20k if given a (second) chance?
But it doesn't really matter even if you personally would not, as most people (bagholders or otherwise) would not think twice if given such an opportunity. So much for the "idealogical reasons" and "investment in sound money", huh. As the saying goes, charity begins at home and when money talks bullshit walks. If you accept this as being generally true, which you should if you are an honest person, then you have to agree with my point (about bagholders rationalizing their holding in the way described). So are you an honest person or what?
But it doesn't necessarily make it more valuable (let alone more useful)