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Selling bitcoins in such a situation would certainly be foolish. Selling before Bitcoin drops would be great. And so there is only one option, hold and wait for better times.
Not really at all people though. Some would consider selling a bit right now because of the price surge we got recently. I do both selling and holding cause why not? You never know if you're gonna reach your breakeven again in your net coins held at this moment.
For those who just jumped into the train just now, for sure holding is the best option for now.