Barsic if you can avoid a 50% loss you always should bull market or not. If your account hit 100k at BTC 20k, it dropped to 50k on this correction.
Why not sell in overbought, and rebuy lower? Sell the 100k at BTC 20k, buy back in at BTC 10k, and end up with account 200k if return back up to BTC 20k instead of account 100k.
I never said not to sell high, I do this with all my coins :-) thanks anyways
my point was only reffering to the actual situation, now we are in the reds and can profit from some nice discounts. this of course means that you need to have sold earlier so that you have the buying power available ;-)