A few years ago, I saw an investment I had in a promising stock come crashing down in a matter of 3 days and it wasn't the best feeling for sure. I didn't hold a big position but as a very competitive person, I hate losing.
As much as I hate losing days, weeks, even months, I try and take advice from the smartest people out there who really know these markets. Rightly, they mention these massive dips although gruesome to watch, are actually healthy and needed for the market. The lesson I learned early in my trading career is to not let your emotions make decisions and have a game plan and stick to it based only based on your best research.
It's easy to panic when you hear the substantial FUD out there and it seems like all sides are ganging up on Crypto. Then again, was Cryptocurrency ever popular with the mainstream media and the political establishment? I'm guessing no.
I'm not advocating any play whether its a buy, sell, or hold right now. My best advice is to listen to the calmest and most informed people out there--Louis Thomas is a great follow by the way on Steemit. Definitely, buy safe because this has been and always will be a risky market. Finally, remember it's a marathon not a sprint.
Probably a good time for you to read about usdt and btc relationship.
The piece clearly states I'm not suggesting either a buy, sell, or hold. Do your research. It sounds like your research says get out of the market. It could be a smart play if we go towards 0. Only time will tell.