The crypto world at the moment is one filled with so many levels of emotion and reactions to varying degrees of loses experienced by people. While some people are sobbing about their little loses, we should also reflect on the fact there are people who bought BTC @ $20K, Ripple @ $3, ADA @ $1.22, etc. Most of these guys are still hodling, hoping the market will bounce back and they'll recoup their loses.
This guys invested out of FOMO, starting middle of December last year, prices began to fall gradually and it lasted until today. Most people had lost most of their money. It's best if they have hold what they have bought since it's not ideal to sell now. You never incur loss if you haven't sold yet.