I agree and wouldn't think of shorting because it may never go down to the point that you shorted at.
On the other hand in this market I would feel comfortable going long because given enough time I think most coins will rise again (assuming you are going long on a solid coin) it's just a matter of how much interest will you be paying until it reaches a profitable position again
this is true I was long during the BCC fork and it cost me max for about a week when all the lending dried up. I found out the hard way when I got home that Plo doesn't renew at the amount you set and even then doesn't auto renew when a lower rate appears. I was pretty pissed at that. Max interest there can kill you.