So my question is:
~ Do people hodl just because others are HODLing?
Possible.
I mean we have different reasons why we are holding a particular coin in the first place. There are some who are hodling coins because they believe that it will go up increase 3-5 years from now. There are some who choose to hold because they just wanted to. There are some like me that are hodling coins because they believe they will rise in price in the future and at the same time, hodling it because they are staking it.
~ Why do people hodl rather than sell and buy again when low
Because we don't know when and when.
People tend to have this mindset where if Bitcoin hits a high price, they will think like "it will go higher even more" thus, they force to hodl even more instead of selling it. On the other hand, there are some people who have this mindset of "it will go down even lower and I'll wait for it to happen" and the ending? They didn't buy any Bitcoins because by the time they're waiting for the "low" to be reached, it pumped already.
I guess it's my mistake on my part that I didn't sell my Bitcoin holdings when it was at it's peak and just bought last year. At least now I learned from my mistakes and I've adjusted my strategy on it.
~ What is your major reason for HODLing and how do your survive the bear market?
Hoping that it's price will rise 3-5 years from now. That's the reason why I'm hodling and when I'm hodling, I'm only hodling those top market cap coins that I believe will have a huge development in the future.
How did I survive the bear market?
Doing nothing is the best thing to do. It's a simple strategy, but it's hard to do especially for those people who are panicking because they see Bitcoin's price going down