Yes its correct. At this point in time, I'm sure majority of us had already loss a significant amount so you'll have no choice but to hold your remaining crypto and hope for a better price in the future. The problem is you'll never know when it will happen. If there is no clear development in a certain project, then sell it right away and look for a potential one.
Yes right, anyone cannot ascertain whether the project will be according to plan or not, we only hope that the market will soon improve so that it can immediately get a big profit.