I currently am in the same state of mind as last January. BTC went up and then straight down. I have learn my lesson, next November / December I'll probably sell a few to take profit.
Plus, I am trying to be realistic here :
-There was an unprecedented bullrun to 20k. Odds are veeeery very thin that, in the life of btc, we don't see another similar bullrun again.
-Goldman Sachs exchange !
-Lightning network (dunno really if this will help btc to recover, but hey, still looks bullish to me)
-Maybe some future nice fork annoucements ?
-No more weak hands since the 'crash'
I am hodling at least until mid summer of this year. And if the price stays down, then that would mean to me that I definitely missed the big opportunity at the 20K USD ATH.
HODL
Agreed. These things are just people panicking because bitcoin has not really gone up that much for the past few weeks, and also largely because of the Chinese central bank rumoring to be regulating bitcoin and cryptocurrencies more strictly.
Same thing as last year, people will always panic, make the price drop around 1/3, and the price will go back up by itself and potentially achieve a new al time high. It's completely illogical to dump your coin when you're taking such a big loss.
The logical thing to do right now would probably be hold or buy, and dump when all the others are buying in.
People are reacting to government regulations too negatively. They should know that bitcoin is decentralized, and governments can only do this much to try to kill bitcoin and it won't work.