Trading financial instrument , derivatives have high risk , and having full knowledge of risk management of position size is a key to make a quality decision. The fundamental impacts news can make you rich or rekt you especially when the hype in social media get built up. Many people lost their portfolio because of lack of market structure. Not every dip or rally you jump into. These is my view why many lost during this Bitcoin decline.
You can't move on easily when there's a sudden loss, that's why panic usually the cause of every struggles during Bitcoin's decline. We should be able to withstand once price starts to go down, because if we're dumping our asset totally without having proper analysis I guess you won't be able to gain another profit after correction. Facing the risk would actually benefit us, but be careful in every steps you make.
Dealing with this market would be likely a gamble where you do really need to risk for you to able to earn, this isnt mean that treat it as a gambling though because this one really needs off some serious and good analysis
in regards into your possible next actions to make. Bitcoin price could really decline from time to time because this wont really be called a market if we would able to see continuous price increase.
There would be always a consolidation or accumulation phase where there is a time that it is really needed to be corrected to make it balance. Traders/investors do need to profit
which means theres a selling point.Somehow with due experience you would able to grasp on with this situation.