I disagree with a lot of things that you said. first of all this is trading board so the discussions should be trading oriented not "HODL" mentality!
Smart money (banks, wall st) came into the scene and rek everyone.
when smart money comes it, nobody even knows it. that is why it is called "smart money" when things get out of hand that is when the others are rushing in long after that smart money!
Hell, we could even be in a recession after this.
again, "smart money" comes back in when everyone else is experiencing depression and to put simply when you saw people say "bitcoin is dead".
... same way that smart money was getting out when you kept hearing people say "bitcoin to $50k".
So what are your options? Just simply hold. Get a job and forget about your assets. You shouldn't have risked more then you were willing to lose anyway. Money is a very sensitive topic for most, but if you can control your emotions, and simply hold without paying attention to your investments, you should be fine.
although this is not trading related but I agree with this part. for those who are so panicky and confused about what they should do, the best option is to hold what they can afford to lose and forget about the short term trends.
We all know the markets are rigged and ran by bot algos.
there is certainly manipulation in the market but to say it is rigged and run by bots is just silly!
you don't lose anything until you sell.
not necessarily true.
first of all holding what? bitcoin, yeah of course since there is a very good chance that bitcoin will recover eventually since it still has the same big potential to rise to a lot more than current prices.
altcoins? definitely not. that may just be my opinion but I don't see any potential in any of them for long term.
secondly when? at the start of the drops when the bear market is just starting it is a good idea to sell (remember this is trading discussion). that means acting fast based on the trend you see coming and then you should also act fast to buy back what you sold when you see it reaching the end of the drop. in this case not selling is a big loss. and selling means a huge profit!
but at the same time if you act too late, like selling when price is already at the bottom then selling in that case means a big loss.