Very good post! :)
Personally I do not consider myself as trader. I think a lot of users hodls, because simply they do not want to waste time on analysing everything daily.
Making a decision whether hold or sell is hard. People like to avoid thinking about difficult things. I believe that is the main reason why most people hold cryptocurrencies.
Welcome on Steemit.
PS.
You have new follower! :)
You're right, but on the other hand holders are often spending a lot of time checking prices, discussing it and shouting "HODL!" to each other. So in terms of time and attention holding – in reality – is not better than checking signals from some strategy.
in case of those traders I believe, this behavior came from fear from missing a pump. Almost every coin sometime has a period of rises, and no one actually know why and when next one will happen. So for many traders to not miss a pump... they just prefer to wait for it.