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.
being trader does not mean you will continue to Buy and sell because there must be a change of Strategy coz i do this some time specially in moment like this.
remember that when we are buying we must be ready in holding because the price wont always come towards our target but not unless we are willing to sell at losses then we can keep the coins instead.
Besides that, holding is not that easy because it takes patience,
what is clear is that being a trader requires flexibility because we know for ourselves the market volatility so we have to make new strategies,
but somehow I think it depends on individual decisions
We really need to be versatile to deal off with a a very volatile market and decisions or situations like this cant really be avoided because market could really dump on certain percentage which would really be
leaving us in no choice position on where we do end up on holding rather than on making active trades if we knew that we are still on negative.Its insensible for you to make such step because that would
really be worsen up the situation this is where you would be leaving no choice but to deal on the current situation you are in.Thing here is that you do able to handle up yourself
even on a hard situation.