Correction: you dohave a choice.
I get it’s tough to make the call to cut losses in such cases.
Though it’s quite like that while you’re waiting to just break even, by the time Steem would reach $8 again just so you break even -if that even happens - other projects like XRP and ALGO would have been earning you handsome profits had you known when to cut the losses and reallocate.
(Depending on how you manage your taxes, you could also potentially write off the loss to offset against income to reduce your bill).
Of course, to each their own. Though just saying... objectively, while I see where you’re coming from, it’s not a strong investment strategy when really assessing the fundamentals.