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.
This situation hurts us, we did not expect this to happen two months ago we expect the market to rise until the end of this year, not fall and stop making a profit if we have the patient we can continue our alts and wait for a better time to sell them or cut our losses, I don't recommend to cut losses either because we are still in the bull trend, and it's too early to cut our losses, let's see what the month of June bring us.
Proves out this market is really unpredictable and you shouldn't really expect that market would continually rise up because market doesn't really work that way.
If you do end up on become a holder then that's not a problem because you can always wait up and you wont lose nothing as long you don't able to sell your
coins which you can always opt on holding it instead and make some buybacks when prices are cheap.Opportunities like these doesn't really come often
this is why you should be wise on making decisions for you to benefit out when the market tends to make some shift.