I sympathize with the OP, I just had a massive learning experience myself. I bought in at about $415 for Bitcoin and Litecoin at $2.90 and held onto those as a "Long Term" investment. Then I started trading daily with "New Money". When it reached its peak at about $1220 and then started dropping I bought more as it was falling, thinking that it would recover again. Unfortunately it never did and I began to be in a loss situation with my New Money. So I kept on buying when the price dropped, thinking "This must be it" and it never was and was in a total loss with my New Money to the tune of $40k. (This included Bitcoin, Litecoin and Peercoin)

Last night I had to make a huge decision. Hold the faith that the coins will rise again or sell everything and still make an overall profit with my "Long Term" coins and then buy in again when it reaches near the bottom. So, I decided to sell and ended with a bit of an overall profit but totally gutted that I have sold my babies.

However, I do believe that it will eventually climb back up again, may just take some time. A few positives like new countries accepting it as currency will make it stronger and new large operations taking it on will strengthen it.