Have we ever experienced this kind of downtrend before?? What's the latest on how long this might last, or if it's even going to recover.
I remember there was an instance that during the last quarter of 2017, the prices of BTC skyrocketed from $4,000 to almost $20,000. Every person who despised BTC at that time was forced to invest and there were lots of people who were also unaware of what they are investing on. When the first quarter of 2018 came, prices dropped from $20,000 to $6,000 and people were losing their minds, saying that BTC is a "bubble" and a "scam."
So what lesson can we gain from here? First, you must always create a contingency plan before you invest. If your investments are down by 70%, then you failed to pull them out before they reached 70% to begin with. Personally, I would HODL your coins since it is already down by 70%, might as well just wait.