Thats a good point. Right now some traders may be facing sustained losses. I cannot call a bottom at all due to the runups and extreme volatility.
I day trade stocks and win alot but see some stocks that linger low and go lower. Reminds me of altcoins with no real use case.
The ultimate question is always "where's the bottom?". I'm willing to re-enter as a crypto investor. Fortunately, my first attempt was to invest a small amount, do small trades, until I got to understand the process better. Once I felt comfortable with that, I withdrew my funds into cash and I now wait. I think Steem is a good investment and am using that as an entry coin, my first altcoin, so to speak. I'll see how far my $50 will get me.