For anyone who is panicking at the market-wide price drops, please don't! There is no reason to panic. Look long-term, don't look at price charts over the last week or month, look at them over the last year and see the pattern of rises followed by pullbacks... but the course is always upwards.
If you're new and bought in during December and now see huge losses... the worst thing you can do is sell now. Prices will increase in the long term. The current dip is just a correction to the wild excesses of last month. Don't panic!
If the prices you can see now are lower than the prices that you bought in at, then the best thing you can do is buy more. Why? This will lower your average entry price.
If you bought bitcoin at $16000 and see it now at $8000, the course of action is clear: buy the same amount at $8000, and your average entry point is no longer $16000, it's (16000+8000)/2=$12000.
Don't sell, buy!
I couldn't agree more. I'm hodling my coins as well and of course enjoying having to buy them low with this dip. Selling is the last thing in mind knowing that the market will recover, if not now, probably in the long run. Most of thepeople who panics are those new to thecrypto world. The longer you stayed in crypto, the more you will understand how it works. The golden rule we follow is buy them low and sell them high, and to never sell when you're at a loss.