Most people don't see investments as something to increase money and they spend, on the contrary there are people who started to look at investments as something that serves to show off something like: I made 1000X profit and I'm still doing hodl, man this is insane , the person already has 1000X profit, why would he need to hodl something that already has 1000X profit? I dont understand
You have to understand since we all have different goals and target in life, not all will be able to take profit on that kind of level and many are still want to become a passive investors who will just sell their holdings once its due time. Its ok to hold, even if you miss a lot of opportunity to sell at a bigger price as long as you know what you are doing, I believe hodlers have their goals in mind and they needed to focus on that.
Maybe those people want to make another 2000X profit so they still hold the coins and not sell. That is greedy and I think they will regret it when they see the price go down fast without noticing. If I were them, I would sell for 50% of the total amount and wait for another down or sell at once if I do not see if the project can grow quickly. As an investor, you need to know about the time to hold the coins but do not still hold if you see the price can increase in a short time. Just sell for some amount and enjoy your profit.
One of the reasons why there are investors who decide to hold coins even though the price is already very high, it is usually because of
the greed of these investors who want very high profits. Even though this is sometimes detrimental to these investors, because they will
miss the opportunity to generate profits. However, the movement of the crypto market is very difficult to predict, so if the price of coins
has gone up, it could just dump immediately and take a very long time to recover. So in my opinion, never forget to take profit if there is
a chance, rather than regret later for missing an opportunity to make a profit. We really don't need to sell all the coins we have if the price of
coins goes up high, so we can sell only part of it, so even if the price goes up again after taking profit, we can still make a profit.