So my portfolio is down %70...too late to pull back now I guess - page 2.

AmoreJaz

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Quote from: Ultegra134 on May 27, 2022, 12:51:57 PM

Due to the Terra incident a few weeks ago, I woke up one day my wallet had lost over 40% of its value because of the depegging of UST. I had my money on staking and could never had imagined that it would result in such a loss. Fortunately, I was able to recover most of it, since it came to $1, but still lost a decent sum of money for my own standards.

On the other hand, my Bitcoin has lost over 50% of its value, but I'm not that worried, because I'm aiming long-term and not planning to cashout anytime soon.

if you're not cashing out yet with btc, you will not incur losses yet. because the likelihood of bouncing back is just around the corner. however, the situation is different when you talk about the LUNA scenario.
so if the OP has large percentage of btc in his portfolio, he may be down today but it doesn't mean he already incurred losses if he has not sold it yet. if you're holding, then, you have the chance to get your target profits when the market goes bullish again.

Ultegra134

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Due to the Terra incident a few weeks ago, I woke up one day my wallet had lost over 40% of its value because of the depegging of UST. I had my money on staking and could never imagine that it would result in such a loss. Fortunately, I was able to recover most of it, since it came to $1, but still lost a decent sum of money for my own standards.

On the other hand, my Bitcoin has lost over 50% of its value, but I'm not that worried, because I'm aiming long-term and not planning to cashout anytime soon.

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Quote from: 9thsky on May 21, 2022, 12:40:18 PM

This downtrend has been detrimental to my health (mental health). Exactly %70 just now. No lunch money type of money either.

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.

You need to focus on something else so as not to harm your mental health anymore. Life is not limited to just observing the exchange rates and the crypto market. In any case, you still can't influence the downtrend in any way, and even more so the price of cryptocurrencies. From your close observation of the price charts on the coinmarketcap, you will not trigger a bullish trend. Also, stop thinking about your losses. It's are not real, as long as you control yourself and don't sell your assets. The duration of this trend may turn out to be a year, but two, but certainly not 5 years. Assume that this will most likely last more than one week and more than one month, therefore, be patient.

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Quote from: alisonwonder on May 27, 2022, 12:16:43 PM

Quote from: mindrust on May 27, 2022, 10:22:18 AM

Are you mostly in alts? Because if you are, then your pain and suffering might have only begun. Bitcoin came back from every major crash happened before but alts don't share the same luck.

If the portfolio is filled with altcoins it will hurt when the market drops lower, but if you own most of the top bitcoins and altcoins then there is no need to worry too much, because once the market recovers the losses will likely recover. So the fact of recovery is guaranteed for Bitcoin because without an increase from Bitcoin there is no hope of a recovery at its previous price.

Doesn't matter if we hold top coins or not,yet we are always pertaining about USD value which we do sees most of the time or being mindful or watchful with it because whenever we do see some declined then we do really start up to worry.

As long you don't sell then you won't lose something that's why self control and emotion handling will really be that crucial because if you don't then you would really able to experience losses which is something that very common to happen due to bad acts.

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Quote from: mindrust on May 27, 2022, 10:22:18 AM

Are you mostly in alts? Because if you are, then your pain and suffering might have only begun. Bitcoin came back from every major crash happened before but alts don't share the same luck.

If the portfolio is filled with altcoins it will hurt when the market drops lower, but if you own most of the top bitcoins and altcoins then there is no need to worry too much, because once the market recovers the losses will likely recover. So the fact of recovery is guaranteed for Bitcoin because without an increase from Bitcoin there is no hope of a recovery at its previous price.

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Quote from: mindrust on May 27, 2022, 10:22:18 AM

Quote from: 9thsky on May 21, 2022, 12:40:18 PM

This downtrend has been detrimental to my health (mental health). Exactly %70 just now. No lunch money type of money either.

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.

Are you mostly in alts? Because if you are, then your pain and suffering might have only begun. Bitcoin came back from every major crash happened before but alts don't share the same luck.

I believe that he is focusing most of his attention on alternative cryptocurrencies because his portfolio drop a lot. As you may already be aware, most of those alternative cryptocurrencies are having trouble regaining their previous prices, or doing so will take several years or even longer like ETH. Additionally, I won't say the current market situation as a bitcoin crash because it is not a crash; rather, BTC is in downtrend. This takes place every year without fail. You probably remember when Bitcoin reached $20,000; after a few months of that, it dropped quite a bit, but what happens after that? It created a new ATH.

mindrust

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Quote from: 9thsky on May 21, 2022, 12:40:18 PM

This downtrend has been detrimental to my health (mental health). Exactly %70 just now. No lunch money type of money either.

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.

Are you mostly in alts? Because if you are, then your pain and suffering might have only begun. Bitcoin came back from every major crash happened before but alts don't share the same luck. Look at Litecoin for example, almost 10 years ago ltc made an ATH at $50 and then went to $3. Now LTC is trading at $65-75. Yes it went to $400 but it don't look like it will go back there any time soon. LTC btw is one of the lucky coins out there. There are hundreds of others which just collapsed to zero and never revived again.

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Quote from: lixer on May 26, 2022, 09:23:26 AM

Quote from: m_nief on May 25, 2022, 10:31:46 AM

Your portfolio down until 70% better keep hold it and waiting time take recovery or make cut loss when your portfolio down under 40% or 30%. Still the same with you I got down portfolio and have been 1 years waiting when price going up, but my portfolio down under 40% and have take recovery last several months, but sadness not selling my altcoin until get down again and loss opportunity to get back my capital. I think not have to worried if you hold potential coin your portfolio will back to the top price, keep hope and don't forget pray every time get back your altcoin holding reach higher price.

Holding it will be a very hard thing when you are down that much but people need to learn this.

Selling it at a 50% loss is way much harder. Remember holders never lose something until he sells.

Quote from: lixer on May 26, 2022, 09:23:26 AM

I hope that people would learn how to hold, but if they are holding something like Luna then we shouldn't say that they should hold and it will recover, holding could be still done in that case but it will probably not recover. So, it is going to be something that would be difficult, both keep holding it but first you need to learn to pick something decent.

To learn how to hold need strong faith in the BTC. Having all the knowledge in the crypto world won't let you hold unless you have a strong belief in the BTC market.

Quote from: Cryptmuster on May 26, 2022, 06:03:19 AM

Many, just like in 2018, remain with their coins, there are those who were waiting for the alt season,

It looks like alt season won't come this semester, worst, this year.

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Quote from: m_nief on May 25, 2022, 10:31:46 AM

Your portfolio down until 70% better keep hold it and waiting time take recovery or make cut loss when your portfolio down under 40% or 30%. Still the same with you I got down portfolio and have been 1 years waiting when price going up, but my portfolio down under 40% and have take recovery last several months, but sadness not selling my altcoin until get down again and loss opportunity to get back my capital. I think not have to worried if you hold potential coin your portfolio will back to the top price, keep hope and don't forget pray every time get back your altcoin holding reach higher price.

Holding it will be a very hard thing when you are down that much but people need to learn this. I mean I am down 50% as well, and that is not a problem for me, well I am actually up and not down, but I am 50% down from my peak portfolio which is why I do not believe that this would be any difference to me.

I hope that people would learn how to hold, but if they are holding something like Luna then we shouldn't say that they should hold and it will recover, holding could be still done in that case but it will probably not recover. So, it is going to be something that would be difficult, both keep holding it but first you need to learn to pick something decent.

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Quote from: tbct_mt2 on May 21, 2022, 09:50:25 PM

Quote from: 9thsky on May 21, 2022, 12:40:18 PM

This downtrend has been detrimental to my health (mental health). Exactly %70 just now. No lunch money type of money either.

Two possible future for you.
- You can get your capital back 100% if you chose good projects fundamentally. Even if you bought it at all time high, you still can have chance to get it back.
- You will lose more than 70% up to 90% or higher if what you chose are bad projects fundamentally. Because the bear market is just started and has yet found its bottom.

Quote

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.

It happens many times. In bear market, altcoins lose more than 95% of their values from all time highs. After the bear market goes away, most of altcoins die.

https://coinmarketcap.com/historical/

You check the waves on the chart. think 4'rt is gonna be even higher

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Quote from: nur rochid on May 26, 2022, 02:24:21 AM

at the time of 2018 at least similar to current events, where bitcoin experienced a significant decline so that various fud news emerged, and made many people stressed because of it. but after that bitcoin can rise from adversity and make people believe in it again. Of course, from the previous lesson, we can take the lesson that the current situation is certainly easier to deal with than in the past, because now many people have been trained with better cryptocurrency knowledge.

Many, just like in 2018, remain with their coins, there are those who were waiting for the alt season, but did not wait, there are those who invest for the long term and are waiting for the price they need. I didn’t sell my bitcoins, I still have them, but I sold all my altcoins and now I’m waiting in stablecoins to see what happens next. I will wait until I see a clear market reversal, then I will buy. It is difficult to say whether it makes sense to sell to those who have not yet sold, the market has already fallen heavily, but I do not exclude its further fall.

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at the time of 2018 at least similar to current events, where bitcoin experienced a significant decline so that various fud news emerged, and made many people stressed because of it. but after that bitcoin can rise from adversity and make people believe in it again. Of course, from the previous lesson, we can take the lesson that the current situation is certainly easier to deal with than in the past, because now many people have been trained with better cryptocurrency knowledge.

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Quote from: BITCOIN4X on May 25, 2022, 01:20:03 PM

Quote from: sunsilk on May 25, 2022, 01:11:16 PM

It happened on 2018 when the market too low and dropped a lot which had made a lot of people too wary about the market condition by that time.

This time, it's the same and you're likely in the same shoe just like everybody else on that particular bear market. If you're holding bitcoin, you need to be patient and avoid unnecessary purchase with altcoins that do not have the potential because it will potentially add losses.

I think it's still safe to ask him to hold for the long term without selling anything if the OP only has bitcoin in his portfolio. But if he has a non-potential altcoin then I'm not sure if a long-term hold will bring it all back for him later. Obviously bitcoin has great potential to score new ATH in the future so the best advice for that is to hold it.

I can think that the OP's losses are cumulative from the altcoin and bitcoin because it looks like the OP would never have lost that much if he had only bought bitcoin on ATH last year. Nonetheless, I think hold is the best advice for him right now especially if the altcoin he owns have good potential to come back at the highest price.

We all do have the same opinion about bitcoin's future and it's possible that it will reach another ATH because that's what we've seen in the past. It won't be stopping to the last ATH that it did and it shall be greater than what it has reached.

And when it does, those who have prepared and held for a long time hoping for the comeback of bitcoin together with their holdings, they'll all be winners and so are we.

Just don't sell at losses and if you're too patient, you don't need to do anything but only hold.

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I don't know if it's the same or not, but we've fallen from high prices to low prices in 2018. It also makes a lot of people mentally ill. however, I also feel the same way. although the decline in the price of my assets from 2021 is tiered, however, if I count them, maybe my assets have decreased by more than 80%. however, it was a mistake I made when I still had a high asset value by the time bitcoin hit its ATH, but I assumed that there would be a better price. Well, but this is the risk of investing in crypto.

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Quote from: 9thsky on May 21, 2022, 12:40:18 PM

This downtrend has been detrimental to my health (mental health). Exactly %70 just now. No lunch money type of money either.

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.

This is just the beginning, you will still experience more decline in your portfolio when the market turns more bearish so be ready for that. However, this is what all smart investors have been waiting to come, to take advantage of the current bear market and buy more bitcoin while they are not yet recovering. Otherwise, you will never enjoy the bear market and lose the chance to build your wealth in your portfolio. As no one knows how long this bear market will be, i think its best to just enjoy doing DCA until you ran out of your funds allocated for your investments.

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Quote from: Argoo on May 25, 2022, 11:39:05 AM

Quote from: Ale88 on May 25, 2022, 11:03:59 AM

Quote from: 9thsky on May 21, 2022, 12:40:18 PM

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.

How long have you been in the crypto game? This bear market until now it's not even that bad, years ago we had a way way worse bear market that laster years, if you can't handle it right now maybe it's better that you take a little time off the crypto for your health because things could get even worse.

Yes, it is quite possible that this is not the price bottom yet. There are forecasts that the cryptocurrency can also fall by about 40-50 percent even longer. There was already a similar drop in the first half of 2018. But then the bearish period lasted one and a half to two years. I don't think it will happen again. I think that in the autumn the cryptocurrency will gradually recover and will continue to grow. But summer will still be about the same. But in any case, it should be remembered that the cryptocurrency market develops cyclically and a big drop will be followed by a big rise.

Let's say that another 50% dump would mean BTC around $15k, and it also means going below the previous ATH, and that's something that, for the moment, never happened in bitcoin's short history. Personally I hope we won't go below $25k, otherwise even some big players would be in troubles.

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Quote from: sunsilk on May 25, 2022, 01:11:16 PM

It happened on 2018 when the market too low and dropped a lot which had made a lot of people too wary about the market condition by that time.

This time, it's the same and you're likely in the same shoe just like everybody else on that particular bear market. If you're holding bitcoin, you need to be patient and avoid unnecessary purchase with altcoins that do not have the potential because it will potentially add losses.

I think it's still safe to ask him to hold for the long term without selling anything if the OP only has bitcoin in his portfolio. But if he has a non-potential altcoin then I'm not sure if a long-term hold will bring it all back for him later. Obviously bitcoin has great potential to score new ATH in the future so the best advice for that is to hold it.

I can think that the OP's losses are cumulative from the altcoin and bitcoin because it looks like the OP would never have lost that much if he had only bought bitcoin on ATH last year. Nonetheless, I think hold is the best advice for him right now especially if the altcoin he owns have good potential to come back at the highest price.

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Quote from: EdenHazard on May 22, 2022, 05:46:43 PM

Quote from: amishmanish on May 22, 2022, 12:52:06 PM

I will suggest you one thing, keep hodling. The current fall is just as intermittent and such falls are bound to happen as any new tech establishes it self, there are times when the value baloon up exponentially before massive corrections. There is a phase of fast but temporary growth, a fall and then a slow but stable growth. There are many factors for current fall including but not limited to war and sanctions. Also current operational cots of bitcoin are very high, but believe me in years to come the transaction fees and operational cost will reduce and bitcoin will boom.

Yet if you have not a backup money for your daily spending then you might have to sell some.

In most cases ... when the portifolio goes down badly like -70% or so , people tend to losing control and keep putting the whole money in! Until you realized that you have lost your life saving as well in there , irony .
I'd say you might have to wait up to 3 years from now at max to see your investment get back up to where it's belong!

sad but true Undecided

2 years ago I lost 90% of my money. tnx covid and ethup

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Quote from: 9thsky on May 21, 2022, 12:40:18 PM

This downtrend has been detrimental to my health (mental health). Exactly %70 just now. No lunch money type of money either.

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.

It is not uncommon for crypto assets to experience a 90% downturn. It's happened before and it will likely happen again. Just don't double down or do anything crazy like take loans to try and catch the bottom. It is quite possible this market too experiences a 90% drop, and if so there's still a long way down from 70%... Brace yourself if you're going to hold, but make sure you're committed. If you hold for a while only to sell the absolute bottom when it hits, you won't be doing yourself any favors. That's why they say to only invest what you can afford to lose, that way you'll ride out the bottom.

sunsilk

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It happened on 2018 when the market too low and dropped a lot which had made a lot of people too wary about the market condition by that time.

This time, it's the same and you're likely in the same shoe just like everybody else on that particular bear market. If you're holding bitcoin, you need to be patient and avoid unnecessary purchase with altcoins that do not have the potential because it will potentially add losses.

Topic: So my portfolio is down %70...too late to pull back now I guess - page 2. (Read 689 times)