How does holding an asset during a decline in its real purchasing power terms by 70% represent having a 'strong' hand?
All it represents is losing money.
A 'clever' hand would have sold up at the beginning of the year, and would now be buying up BTC.
A 'clever' hand would have three times more BTC than a 'strong' hand.
Three times!
Do you mean 'strong' as in 'dense'?
Clearly people seem to think they are superior to others on here if they hold, instead of getting out and waiting for the real rock bottom to hit, which is what the real smart money would be doing. Also waiting for any signs of life, and waiting for fraudulent trading activities to be uncovered. There is too much still going on to not think btc can crash further down to $100 or less. Then smart money will come in when the dust has settled.
Now you're advocating attempting to catch a knife? Brilliant...