These kinds of sharp corrections are much easier to endure when we are clearly in an uptrend.

On the other hand, we still need to be careful not to be too cocky, because sometimes trends will reverse unexpectedly and cause prices to go down much greater than anyone would have expected.

Currently, I am about 96% BTC and about 4% fiat.  I think that I would feel a bit more comfortable 93/7, or something in that range (and I don't think that I will be kicking myself when prices go up and I don't have as many BTC as I would wish).  On a personal temperamental levels, one of my problems, I think, is that I tend to be a bit over bullish.  So if we get a sharp 5% correction, I tend to buy too much after the first 1% or 2% of that correction, rather than having a bit more patience and waiting out the correction a bit more.