I think far too often people think as goes Bitcoin, so goes Crypto. I think the HODL mindset seems to blind people to changes in the market conditions. You can make an investment long term because you believe in the fundamentals of that investment. When it works, great. When corrections happen though it's foolish to assume the market conditions that existed at the time of your original analysis are still valid. Wipe away everything you decided previously and look at the situation with a fresh mind.

Crypto is not like stocks where there is a tangible business behind the valuation. Bitcoin is not going to merge with Etherium at some point, or buy out Ripple. I can't help but look at BTC as a proof of concept. Crypto might be here to stay, but any one coin can be supplanted at any point by a newer on that does a better job at that coin's function. I like STEEM, it is unique and has a use case behind it that is interesting, and seems to have a leadership position in its niche. Bitcoin, I'm not sure it hasn't been supplanted by basically every other coin in terms of use case. Why should it remain valuable?