What to do now when things get worse every day, only hold will help us? Who is trying to survive in such a market? Your advice, friends!
Allocate and diversify your investments by considering other investment methods present like: purchasing stocks, acquiring real-estate properties, time deposit in banks, or purchasing cryptocurrencies. The next step would be categorizing each method whether for short/long-term depending on their state. For cryptocurrencies, you may want to trade them as soon as the value increases due to their high volatility. But other methods such as real-estate and stocks require a significant amount of time before they mature in value.
If things are getting worse each day, only allocate a portion of your income that you are willing to lose to trading. Gather your knowledge and learn from your experiences so you could avoid losing your resources down the drain.
Just a simple advice. HODL HODL HODL. We can still gain profits if we will wait for the right time. This is cryptocurrency. Anything is volatile. You should exoected that you will losing such amount and the only thing we have to do right now is to keep calm and wait for the bull run.
HODL may be a good strategy but if the price increases even in a slight margin, then day trading may be profitable as a short-term investment.