Markets are driven by rationale on the long term and psychology on the short term. This is why it's always smart to do your research when the market is not volatile because the psychology can cloud your judgement and mislead you to do something you will regret. This way you would be making your decisions beforehand using your rational thinking and research, rather than in the flurry of emotions when there's an uproar and stress and chaos everywhere.
Buy low, sell high. This saying is so easy to make fun of but so difficult for people to sincerely appreciate and live by. This saying is literal. It literally means buy when the market is crashing, and sell when the market is in euphoria. Of course you would have to do your research beforehand and you would only buy the markets that you understand and believe in; you can't just go out there and buy every single stock that is crashing right now.
One of the things that I have noticed among investors, myself included, is that we just feel very disappointed and resentful when the market crashes - even though we believe in our investments and that it'll do better in the future. From my introspection, I have found that it's because we think someone is getting bitcoins for way cheaper than I think its fair while I failed to sell when the price is high and I could potentially have had so much more. This type of thinking, however, is flawed. Not a whole lot of bitcoin can be accumulated while maintaining the price this low. Any significant amount of accumulation will cause the market to rise; and it'll rise very rapidly given how (relatively) thin volumes is in the Bitcoin realm. So, there is no injustice. No-one will be able to accumulate vast amounts of bitcoin for cheap.
Then there's another type of people, people who are considering selling because they want out with whatever profit/loss they have accrued. I implore you to ask yourself one question, "Who do you think will buy the Bitcoins you sell?". Think about that buyer, is he/she a sucker? Or are they smart and wise to garner as many bitcoins as possible when it's low? Just try to think about what is going into someone's head that is buying your bitcoins while you sell. Ignore your thoughts, and focus on their thoughts instead. This gives you perspective, and a very important one at that.
A market with fundamental value never crashes to nothingness. It just can't. It has value by definition. All the brilliant ideas that constitutes this project, all the hard work by some of the most brilliant people in this field that has gone in to build something tangible, all the passion that so many people have towards this project, all the software and hardware infrastructure that is built around this project; they have value. This project is incredibly valuable and it's value doesn't go away just because a few newcomers can buy 600 bitcoins at the rate of $4000 each, or $3000, or may be even $1000. These are transient events, and an astute investor should be able to rise above this and look at the big picture.
If you didn't believe in this project, you should've done your research before buying in. If you bought in doing all the research and implications of this project, I fail to understand why you would even consider selling. Investing is not easy; nothing significant in life is easy.
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