Be it a newbie, expert or professional bitcoin and crypto currency trader or crypto currency investor with adequate skills; you definitely need to understand how to adapt to market situations.
What does adaptability entails? Adaptability teaches you and lets you know when to switch from "sell at resistance" to "buying the breakouts of resistance" within split seconds. Know this and be at an advantage especially during price correction that occurs during bull run of prices.
If you can exactly predicting the difference between the dump and the correction then adapting is good but it is not actually possible so in my opinion, accepting is more important than adapting. Once we accept the loss or profits we made then we can be able to move on from that state which may give us further progress either as a trader or investor.