Why do you panic? Why?
IF YOU DO NOT SELL, YOU DO NOT LOSE ANYTHING! YOU LOSE THE MOMENT YOU SELL, after you purchased high and buy low. It does not matter what is the price ATM, the only thing which matters is what is the price when you decide to sell. So, to shield yourself from losing money, DONT sell under the price you bought it.
If you trust in crypto and believe it ll bounce back, WHAT THE FUCK IS THE PROBLEM AND WHY PANIC?
If you do not trust in crypto and you have doubts whether it ll bounce back, well, in that case you are in the wrong industry and you shouldn't have invested in crypto in the first place.
So knowing this, what is the problem again?
EDIT: This post was created on February 6, 2018 when BTC price reached $5920. After a few days, it recovered to $8k. Will keep this ledger so people know Bitcoin ALWAYS recovers!
This dramatically reduced price of bitcoin is an important lesson for people experiencing panic in bitcoin investments. It seems that those who are experiencing the panic have not really understood the fluctuations and risks of bitcoin investment. The world of crypto has a price movement that is different from other digital assets such as the stock market. It is what keeps people interested in cryptocurrency as an investment choice. This message can help beginners decide what they will do to the crypto they have.