At the moment, I'm holding all the coins I earned in the bounty, and that I had purchased in the mid - April 2018. I don't need a fiat right now, because all my savings in cryptocurrency I strongly keep in my wallet, waiting for a good time to sell. I think this is the right strategy to protect yourself from big losses.
This kind of strategy can only be applied by people who have plenty of fiat or other means of making profit asides crypto. For some, crypto is the only business and applying such strategy will keep them in great hunger.