When bitcoin drops to $30000, this is a disaster for most traders who buy bitcoin and altcoins at a price high. We didn't expect bitcoin to fall this low, so causing altcoins prices to be dumped very deeply. For traders who have already lost over 25% in trading, then it is best not to cut losses because it will make lose some capital. So believe me, the bitcoin price will back up again and altcoins price will rise again.
As long you dont sell then that wont consider to be a lost and also we do always have the chance to break even when the market starts to recover and we are seeing it as of this moment.
Its non deniable that traders do end up on becoming holders because of some unavoidable circumstances or situations like this but is it considered to be bad?
Its just normal for us to seek out for other ways just to protect our capital as much as we can.
Crashes do happen from time to time and at least we do have the option on what to take to save up ourselves.
sometimes traders still use their feelings to trade. I think in current conditions, personal analysis and firm action is very important. maybe if we are still analyzing the downtrend, we can cut some or all of it and wait for the price in the area we plan to buy back, and of course there are risks involved in our actions, and we must be prepared for that.