If you think that cryptocurrencies, especially bitcoin, are suitable for short-term investment, then you are wrong, and with this mindset, you will soon have to accept losses with your investment.
Actually it is okay to consider Crypto as a short term investment, as long as they know the right ways and startegy tobalways take profits and avoid losses although the market can change very easily. Buy, I do agree that Bitcoin for long term is exactly very worthy, morroever if we have many Bitcoin to holdm
Having a lot of bitcoins to hold for the long term it will be very feasible, no one will doubt it as long as you hold Bitcoin as the main investment.
But if holding Altcoin and it continues to fall it will be a considerable risk to lose.
But if the top Altcoin is likely it will still recover after Bitcoin is bullish or the crypto market is bullish.
Long-term or short-term investment is equally good and also depends on how the strategy will be applied.
There is no need to panic to cut losses because it will clearly give losses, unless you really understand what you are doing.