If this guy went out and stopped trading and took that big loss, then maybe he really did let go of the loss. But I think he just needs to change and plan a better strategy especially the potential for better bitcoin after the halving can be expected. Of course I don't think this guy has quit forever and tried something else, but maybe he's just waiting for the right moment to move on.
Experienced investors don't easily lose, that's what my take. And they will find the best way to survive, not by quitting.
The rich would always want to hold for a long time so that that can have a taste of the benefs when the value of Bitcoin appreciate very well. We cam decide now when the value of the Bitcoin is being sold or is transfered to another similar wallet.
able to get in then he's still definitely on negative as of this moment on which it would be understandable that he had stopped on DCA on the time that he do sees that the price goes down even more.
For now then for sure that he's still monitoring up on his holding but dont mind on touching it out.
There's no sense that you would be selling out in loss. The great missing opportunity on here is that on the time that Bitcoins price hits up $15k on which it is the sweetest spot for you to DCA
if you do have millions of dollars but since this market is unpredictable then you cant really tell on where it would be going and this is why these kind of mistakes and missed
opportunities is really that something very common but doesnt mean that it would be over. As long you arent selling it on loss then those arent considered to be a total loss.