Long-term holders often capture the most gains—and conviction matters more than timing. Consider the stark difference: those who maintain strong conviction in their positions tend to weather volatility and accumulate through cycles. An ETH holder who stayed put despite underperformance would have fared differently than one who panic-switched to alternative assets like Zcash seeking quick gains. The pattern is clear: traders lacking real conviction in any particular coin face relentless chop. They chase momentum without a thesis, get liquidated during reversals, and eventually exit the market entirely. Meanwhile, believers who hold through downturns and resist the noise of every market swing position themselves to capture upside when sentiment shifts. It's less about picking the "perfect" token and more about maintaining psychological discipline—the hardest asset to cultivate in crypto markets.