The point is that we're already down 90% and the probability of going down further decreases exponentially as we go down. You're just falling victim to the gambler's fallacy right now.
Agreed. It's an absolute classic noob move but it's also 100% understandable. It's how regular human minds work.
Unfortunately the people you're trading against know this and do not have regular human minds.
Absolutely!
I could sell everything now & Id still be massively up on what I originally invested. The thing is though, you just know if I do that the price will go to $6,000 or $7,000 & Id end up buying back half the amount I currently own which would be fucking retarded.