Generally, when it comes to the crypto space especially in the concept of Hodling coins, crypto holders and enthusiasts often anticipate bulls and almost no one wants to see a dip in the crypto currency of his interest. Yeah yeah , every one sings about hodling however some persons in-depth don't fully understand the concept of Hodling so I guess I'll start this discussion with that.
Most users often misquote having bitcoin in your wallet for a very long time probably a couple of years as what the concept of Hodling is about only. However having some bitcoins in your wallet for just a short period of time even as low as a minute can classify you as a HODLER. The concept is actually the fact that you having some bitcoins in you possession ( with having full control over the coins ) makes you a HODLER . However having those coins on an exchange doesn't count as hodling since you don't have total control over it.
Now bitcoin for a very long time has kept up with it's bullish trend unlike many volatile coins out there. For most coins people panic when in dips however in the case of bitcoin people don't panic when it comes to hodling bitcoin. That brings us to the big question;
Did bitcoin adoption really bring about people trusting bitcoin even in dips?
It could still be called holding if you have some Bitcoin on an exchange. The risk of losing it is just higher unless you have no idea how to properly handle wallets. Then holding them on an exchange temporarily might still be a superior option to not own any at all.
But the talk is always about Bitcoin and what HODLing means. It is the same as for anything else you can own. If someone buys a piece of art and wants to flip it in a week from now, then in my opinion it is gambling. Neither trading nor investing, it is gambling. But if someone decides to gamble, why not just play roulette or something. Bitcoin isn't made for flipping within a very short period of time. Countless of people burnt their fingers trying that.
And yes, Bitcoin is obviously very trusted or otherwise these dips wouldn't have gotten smaller over time. When we saw 55k this time, I bet a lot of people thought it would be possible to go far lower and yet again it didn't happen. Holding is worth it as it managed to bounce back so often now. Probably some people will be disappointed if their buys can't be sold for double the money a short period of time later and while these possibilities did exist plenty in the past, it is now too valuable to easily double in value in no time. Still possible, but not as likely to go from 60k to 120k like it was from 1k to 2k.
But more importantly people should compare it to other options. Amazon shares won't give them a double up in a short period of time either.