The problem is the people who holding bitcoins have high hope, they still holding bitcoin even the market is bearish. They do not know how to do cut loss and it is the reason why they are experiencing losses.
What loss? Most of us long time hodlers bought BTC below 1k. Wake up man! Bitcoin is 10 years old and only about 3 years trading for more than 1k USD. I had Bitcoins when they were worth 300 USD per coin, what cutting losses are you talking about?
One more thing. Short term price does not matter! We are here for bitcoins not for their value in USD.
Some poor bastards tried to cut their losses at 4k USD not long ago and a month later Bitcoin was worth more than 10k. Any good advice for them?
This is what I want to know. We have had the value of the bitcoin paid back to us a long time ago and now we are reaping the reward. I feel for people who sold at 4k. It did stay down at 4k for a long time even I worried.
I still held. I just spend more bitcoin when the price goes up and then I work more when the price is low to replace what I have used.