However, how painful is it to watch bitcoin price plummet?
I think in this forum everyone is hardcore bitcoin believers including me. But i didn't put my most of my savings in bitcoin. Cause in my country bitcoin is not easy to use like dollar. And yes, it's really painful to watch plummet bitcoin price. Specially whom guys hold it from very long time.
What do you think would be a smarter way of hodling bitcoin other than standing still, bag in hand, while watching the price go back down to the $3K range?
It was really great bull run in December 2017-January 2018. And i believe that kinda bull run you can not see every year. But i can say recent bull run give some relief for holders at least. And sorry to say you it's really difficult dream if you want to see bitcoin price at $3k again.