Now, holders can argue that they can weather such drawdowns (which translates to drop to $90 if we use $1300 as local high). I don't think they are.
That just depends on your perspective. And a bit on how you look at it (or more: how often).
Like the stock market: Invest and forget it for 30 years.
Everything under 10 years is short term in stocks, and everything under 1 year in crypto is short term.
If you are a holder, you have long-term perspective. You may not even know about the drops, if you do the rational decision to not look at it again after your defined time is over.
I don't negate the possibility that there are people like you describe. Still, from what I see, holders tend to watch the price rather close, reassuring themselves that they're holding.
I still regard this a kind of closed-eyes driving. And it prevents you to put any significant amount into it. Maybe I'll do another post on it.
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