[celticninja]

>Almost all of these cryptocurrencies have been down since January and it hasn't recovered to those higher levels ever since.

True. But it is also true that many of these cryptocurrencies are still worth more than they were in January last year, or January the year before even with a 50% decrease from their highest point.

[rvz]

This is absolutely true and it benefits those who take profits off the table to accumulate and buy back in to grow these coins. It's about selling some during the mania and buying back in when the fear is everywhere.

Unless you have bought and held a huge number of coins or received a huge sum from an airdrop from the very start (and the value became worth more than >$1M+ worth of coins.) That is fine and exiting a large sum from the market during the euphoria is also fine.

For newcomers to keep hodling like that (especially in bull runs) for the large market cap coins, it does not work, which is what I'm arguing against.