It is just normal for investors to hold on to their investments during troubled times, since what you will only have is paper loss. If we check in the basics of investing, whenever the market is down, hold and buy it low, the same goes with bitcoin, if you see the price going down, you should not panic or worry since you will still have your investment, the problem is people don't realize what they bought, what they just look at is the value of Bitcoin and not having Bitcoin itself. The reason why most investors hold, is the fact they know, that Bitcoin is volatile, and they have a tolerance to when is the right time they will sodl if the price is going to hit rock bottom, but if not, they hodl, since a very volatile asset also means, a very volatile gain, and that is what we are looking for why we invest, we look for ways in how we could win, not to cry when times are hard.
That is 100% true. The only thing that we should do is to hold because the market is so volatile and it can give us paper loss or paper gain within a few hours and if you want to become more efficient in investing then you need to remember to just hold when there is troubled days and buy at dips in troubled days so you can have a big discount and get a bigger chance to have fast profit when the market is up again.