I bought some cheap cryptos when their price were declining but their price declined to such an extent that the money value of my cryptos have become almost half of the previous price in USD term. I have no other option but to hodl them till their price go up. I am still hoping their price to drop so that I may buy more. However, this is a risky business which is flourishing just because we are being able to transfer our loss to someone others. Hence, in crypto market once's profit is equivalent to some others loss. It will not change till crypto becomes substitute of fiat money.
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Good point, best strategy is ...do not buy high and sell low rather HODL till price bounce back and then take some profit. Diversification is the key too