Many people have their doubts on themselves if this is an ideal to make an investment with this coin or just ignore this coin and nothing will happen on it. Its all about the risk taken by the investor it's a high risk-reward. We have different situations and financial stability so it's one of the factors too. It's all about the risk that can manage by the investor. This is like if you a change grab it or ignore the opportunity.
People who are not well financially stable would always be worried whenever they invest their money in the cryptocurrency market, because they know that they can be in need of that money that they have invested at any time. So they won’t be able to hold that much and when they notice that the market is going down, they would be forced to sell their position in the market and get off. If you’re not financially stable, sometimes you might have some problems that would require money for you to solve and you’d have no other option than to go ahead and your sell your coins no matter the condition in the market.
I know exactly what you are talking about. It is so painful to sell BTC when you know it's during a deep, but sometimes you simply have no other choice. I mean, there's always another choice, you can borrow money somewhere, but imo "that ain’t a choice", as they say in The Matrix Resurrections. You never know when the next bull market hits. It can take a year or even more, yeah, as we know from the past experience, it can take
three years. Borrowing money all this time, not knowing when you can pay back, is hell on earth. I'm not doing this. Nor would I suggest to do it to anyone.
For people who do not have stable finances, they must accept the fact that sometimes they have to suffer losses that are unavoidable. We all
definitely have a sudden urgent need, but for rich people who are already financially stable, must have savings to solve problems that come
suddenly. While people who are not financially stable, there is no other way, other than selling some or all of the coins they own. So rich people
are not afraid if the market goes down, In contrast to poor people or people whose financial stability is not yet stable, they have real fears once
the market goes down, they have to do a cutloss to solve an urgent need. Regarding borrowing money to solve urgent financial problems,
it can be done, if indeed we no longer have coins that can be sold. But as long as we still have coins to sell, we should not borrow money from anywhere.