Better hold and learn from past history, this is 2016, prior to the bull run of 2017, so the history might repeat itself again, although it might take long. What I'm trying to say is that we should HODL as long and as much as we can.
Indeed it is better if we hold, to get the maximum benefit but the pressure from the outside is real though, I mean we can't just tell someone who has bitcoin to just hold til it gets back to $20000 and is suffering from hunger or shortage of allowance in light of covid since we know the rise of unemployment rate from most countries. I'd say we are independent from doing our stuff, do what's convenient with your assets.
So I would rather stack even more on the contrary, instead of spending it.
If you still got more money, or spare money it's best to take advantage of the moving price now as it is speculated to have an another ATH this year or early next year.