i think it's better cut loss and wait for price below again then we buy back, so there will be transaction in btc, and i think the price will not be this bad. if many people only hold btc so market circulation will decrease
Many done the strategy of cutting losses. The fall of bitcoin price will not be happened if all will hold their bitcoin. Just because a sudden fall a little in btc value many sold their btc that cause btc value to fall continuously. So many now wait until btc value stops to go down then it is the time again to buy. They like to duoble up their holding for the future.