I bought bitcoin when it was around $14,500 in January and I am still holding because I am not discouraged. I have great hope that bitcoin is going to increase in price and volume in some years to come.
I agree with your idea depending on the actual situation that we have the strategy should hold or not hold.You find it appropriate to sell to cut losses that are not suitable with what you have bought can hold. We should be sober with advice from the community.