Anybody who takes a loss with bitcoin is an impatient chump with baby hands. The longest anyone has ever had to hold bitcoin to see profit is 3 years. That isnt a very long time in the world of investing to have to wait.
To be fair 3 years is a long time for people who jumped in with all their cash... people who didn't read the f***ing manual!
But your right... it isn't a long time to hold but the reason it drops so suddenly and quickly is partially due to panic sells by people who dumped everything in.