I'm no trader, and when I got into crypto a few weeks before the May crash I knew I wasn't even gonna attempt to play the market and just hold.
But seeing my Nexo position down over 60% is absolutely disheartening. And it was a substantial chunk of my holdings.
As much as it would pain me exiting now at a loss, wouldn't it make sense to swap for BTC which should prove more robust in the bear market and recover earlier?
Is it too late to do so? As a newbie I just wonder how veterans mitigate and prepare for times like this.