For me it depends on what situation I am in. But I usually start relaxed.

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I play relax all pretty much every time I play, unless I am fucking around with a friend or something. Relax is the way to go. I'm not one of those people that call hold all people noobs either, that would be mean, it is a strategy with what you do.

I play hold to troll or when I'm feeling lazy. Apart from that its straight relax.

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you don't have to do it that way, sometimes I do though. Not after every frame turn no, just when I get the opportunity. Doing this style can open the horizon, or it can just close it all together, gotta pick the right timing.

64 percent relaxed 10 percent hold and rest extend or contract.

I play both, depending on the situation. Most of the time it's kinda mixed.
Everyone in a nutshell. ^

i play with relax but sometime i combinate it

Whenever I'm being attacked, I relax the parts around that area. ( e.g. My elbows being hit, I relax my pec, shoulder, elbow and wrist.)

Whenever I'm attacking, I use hold so I can strike hard.