I'm still holding off mine as long as I can.

Possibly people who believe that if they hold, that they'll find themselves in an even worse time to sell crypto.

People who sold off at US$7000 have been proved right in hindsight. If in six months the price is $3000 or less then those who are selling now will have been proved right.

Honestly, I'm on the verge of giving up but maybe holding on might benefit me later.
Hopefully.

To be honest, I didn't thought of selling off my crypto. I'm holding my Bitcoin and some altcoins for more than half a year already. I know that I'm in a loss right now but as they say "Patience is virtue". I have the patience to hold my cryptos although I'm thinking of buying Bitcoin and use it for trading to get more Bitcoin or to use it for gambling.

To all people who sell their cryptocurrencies right now I hope you will never regret in the future where there is chance that the price of cryptocurrencies will increase. At this moment I still hold my cryptocurrencies and even I still see my portfolio are in red situation I still believe that it will change soon and it will become green again.

I can say catergorically that those that are busy selling off their holdings at a loss are actually those who never believed in the potentials of cryptocurrency and so any slight market downward trend gets them confused and scared , so they resort to selling even if it's at a miserable rate compared to how much they had bought.
Some selling because they have one challenge or another that needs urgent financial attention.
I think the way forward if for people to believe and have confidence in cryptocurrency.

The only alternative to do is to wait for somehow when the market turn to bullish again. Trading at this moment depends on what the situation of the person's lives. Sometimes to trade is the right answer to provide the vital needs of self and family.

it's true, some people are currently selling because they need money for their needs every day, indeed the solution to avoid sales is that we have to find work that can make money for our daily needs, so we can maintain and not sell at prices like now , this should be our chance to be able to buy at the current price.

We can still not sell the coins at a low price, but we can reduce the loss by selling them and buying them at a cheaper price. Besides, we take measures to compensate for losses. My friend is using this form very effectively.