Holding is the key to be succeed here and it is the most reliable way to minimize losses and to have a good income in the future. So I recommend to you to hold.
simply holding it without doing a research to see a future is not recommended.
we need to know what is going on right now and what will happen,just like now for example.peoples are expecting ETF to get approved,that was why the price went up from before.
so if you bought that day,and simply holding it because you believe it could go higher from that point,that's totally wrong mate.
because in cryptocurrency,the biggest factor that can determine its price is manipulation.
in other word,if you do some research and understand the fact that people were hyping it before because they wanted to make a quick money.
you can minimize your losses or even make a profit from it.
for now i do not see any significant movement.
i believe this year will be the year for Bitcoin to stabilize its position,because last year it got pumped and got hyped so hard.
it is not good for its development in the future that was why it declined quite a lot,because most of its supporter was not a quality supporter/investor.
but most of them were FOMO'er.