If you're going to bail out of a position at a loss, at least make sure it's on the basis you'll re-enter at new lows or when the price recovers in months or even years from now. Otherwise you might as well hold onto your investment if you believe in the project, to avoid unnecessarily losing money, that could otherwise likely be worth a lot more in the future. Think of people who bought Bitcoin at it's 2013 peak of $1,200 and sold at $400 at a 66% loss but didn't re-enter below that level... unless you're going to maintain your interest in the cryptocurrency space in the coming months, there's a good chance you'll miss out.