Buying bitcoin or altcoins in the last 3-4 months is like playing with fire. Everyone who has been with bitcoin from 2017-2018 knows that it will soon explode, dump and break. I was trying to prevent my friends to stop chasing bitcoin, altcoin, or stocks but the only thing they can hear is the illusion of a "cha-ching" sound. Though investing in bitcoin is better than others, people are still suffering 30 to 50 percent in the loss. The tough time I guess. Now, what I can say to them is to hold and to wait. Patience is the key to leading us to success, no matter which fields you are working on
if they won't sell now, they won't suffer loss, right? that is, if they bought more than 30k. and if they do believe in this market, they can always accumulate more while we are in the 30k range, don't wait when btc is already in 40k or 50k. and regret that you haven't bought when it went down to 30k and below. some may be in red now considering the current market price, but as i said you won't incur loss if you won't sell. the reason why you bought btc is because you are a strong believer of this market. at some point in the future you will cash out with profits. so yes, better hold if you have no reasons to sell.
As long you wont really be selling out those floating losses then it isnt something considered to be a total loss since its not been materialized which people should really be careful on making out decisions because that would really be in result on regretting when you arent really that mindful towards your actions or on how this market behaves.If you are still that in green despite of the correction or plummet of the
market but still you do able to make yourself safe but the duration of holding is way too long or far off which means that you are the ones whom do decide whether its worth the wait or you should
have sell out before when price is playing around 40-50k and buyback when it hits up 25k.