Smart people were holding yes, there are some not so smart that were selling at 10-15 k even they bought at 18k. Anyway, nowadays people don't agree if new bear market will be hard like last, or not. I think when it happen, and it will, it won't be that hard, and won't last for 2-3 years. So, it's safest to just hold. 2-5-10 years from now BTC will break some serious price that we all just imagine now. ( maybe 1 milion ? )