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.
Topic: So my portfolio is down %70...too late to pull back now I guess - page 3. (Read 686 times)
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. 
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.
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.
No one holds the future so you can't expect correct predictions but only speculations. However, if you trace back the history of the market movement, bears and bulls will always be the cycle, so there's always hope for the market to recover, as well as your portfolio. Just never attempt to sell your coins and stay hodling, otherwise you will be facing a huge loss. Forget about the current downtrend, what's more important is that you have taken advantage of the market by accumulating more bitcoin to fill in your portfolio. 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 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.
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.
If your portfolio is down 70% then you aren’t properly invested. Hopefully your entire portfolio isn’t made up of only cryptocurrencies. A proper portfolio should be well diverse and the exact reasons are clear to see in the current environment where most everything is getting slaughtered but not in the same fashion. Own traditional investments, precious metals and other assets besides just cryptocurrency.
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.
Op, whether you should worry and what you should do next depends on what's in your portfolio. If these are high-cap popular cryptos, there's a chance they'll recover (especially if it's the top ones like Bitcoin or Ethereum). If they are no-name low-cap coins, there's a chance they'll go up again, but some never do. Overall, I wouldn't be too worried, it just seems that you haven't been around in 2017-2018 when so many of us went through this phase (or perhaps you witnessed it but didn't invest back then). But then it worked out for those who were patient enough to wait and those who invested in strong projects. Some coins didn't fully recover (like XRP), but it wasn't all bad, and some went way up (like BTC and ETH). 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.
Depends on what you wanted to achieve with this portfolio. If this is an ideological HOLD for your favorite coins, then nothing terrible happened, because they have not gone away, but if you wanted to earn money, then you should understand that the risks here are exactly the same as in all investment projects
Hey OP, your account was registered on 2017 and now you are asking if this have occurred before? But, yes this wasn't the first and this won't be the last. The past downtrends are more brutal than what we are seeing lately but we don't know if the downtrend that we are going to experience in the future is now going to be less critical or can be much worst than the previous one's but I can assure you that market can always recover and return to normal.
Just make sure that the coins that you have invested in are really good coins. For now maybe you need to leave your portfolio for a while. Just take a moment to relax. It's good for your mental health you know.
Just make sure that the coins that you have invested in are really good coins. For now maybe you need to leave your portfolio for a while. Just take a moment to relax. It's good for your mental health you know.
This downtrend has been detrimental to my health (mental health). Exactly %70 just now. No lunch money type of money either.
This exactly why you are always told to not invest money you can not afford to lose. Once things go sideways, you are bound to get depressed, which is not good for your health.One of my portfolios is down by around 50%, but I don't really care about it even if it goes to 99%. The goal is to hold for long term and never accept to sell off at a loss during a bear market. If the price goes up, well and good.
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.
Far worse trends than this have ever happened. 
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!
We all see that bitcoin is down, so all other altcoins are also down, which is normal, have witnessed this kind of dump so many times so I dont really panic that bitcoin is down and other altcoins are also down, I believe the only people that should panic are the newbies but as a professional you should have witnessed this multiple times so you shouldn't panic because we all know the market will bounce back, it might take time before it bounce back but it will definitely bounce back. So the best thing to do now as a trader is to Hold and if you are having extral money you won't be using for now, you can still bag more bitcoin and wait for the bull run. Actually nobody knows when the bull run will come but it will definitely come.
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.
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.
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.
Every asset’s price has the equal risk of going down, if it goes up for some period of time.
Same happen with Bitcoins also. It is very much normal.
All the hardcore Bitcoin investors are happy seeing this, as they are getting another chance to buy as much as Bitcoins as they want.
And I don’t get you OP regarding the “lunch” thing you mentioned. Does that mean you don’t have enough money to buy you a lunch?
Then I would really say you a fool, who don’t know how to manage his finances.
Invest what you can afford to lose and invest only when your necessity is complete.
At last I would say, don’t lose hope on Bitcoins, wait for some more time and enjoy the profit.
I think yes you are too late to withdraw your assets if it reaches 70%, but I think this is a cycle of crypto itself, let's say you are saving for the long term, because the market will recover slowly if it is not always attacked by fud from hating countries bitcoin et al
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.
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 will never get to know how long this might last because nobody can accurately predict it. It's all just a speculation.
We have experienced even worse crashes than the current one and it was not very far from now.
Just after the ICO hype in 2017 we experienced a bearish trend in 2018 where bitcoin went down from around $19k to $3k.
That is almost 83% drop in price. So we are still at a better place and don't worry because things will get better sooner or later.
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.
I wouldn't worry much because the market has witnessed this before and as far as you have invested in good projects and not shitcoins, I believe you should be good even if it will take years. Just stop looking at your wallet every time so that you don't give yourself a heart attack. 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 downtrend has been detrimental to my health (mental health). Exactly %70 just now. No lunch money type of money either.
You made a few mistakes when you invested in cryptocurrencies :
- Never invest what you are not ready to lose, which means not gambling with money for lunch or food for your child.
- First get well acquainted with what you are investing in, do not invest blindly because sooner or later you will fall into a hole from which you will find it difficult to get out.
- Never buy during the bull market with the intention of a long-term investment, it is completely wrong and you could have learned it from history.
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.
No one can tell you how long this crypto winter will last, although many predict we haven't reached the bottom yet. If nothing else, we all know that in 2 years there will be a new halving - and so far it has proven to be a starting point for a bull run. The market will recover one day, the question is do you have the patience not to sell by then.
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.
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.
Sorry to hear you are down so much. It's hard to give advise without knowing your exact position. What kind of coins are you holding? In general I would not sell coins if they are down so much. Only if the coin is a scam and will be worthless soon I would sell, otherwise I would hold it and sit out the dip. But since you are already suffering mental health issues you need to take a break from cryptos. I hope you only invested money you don't need at the moment. So my advise would be, forget about your crypto portfolio. Take a break for 6 months, stop checking prices and your portfolio values. Come back at the end of the year and reevaluate things.
If your wallet is 100% btc I don't you should worry much even with -70% down because you already know the strength and performance of btc. However, is this portfolio is mostly alts, well there is a need to worry because most alts that were launched last year haven't experienced any bear market so it is very likely majority won't survive this bear market except for those who truly stand out.
You should probably get an offline if you don't already to support you through this hard times.
You should probably get an offline if you don't already to support you through this hard times.
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.
Almost all of us are experiencing this downturn because that's what's happening in the crypto market. Don't complain but be patient because this is only temporary, and the situation will definitely change and get better again. We have often experienced downtrends like now, and we continue to be patient while waiting. I hope you can be patient and wait too.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.
We will not know how long this can last but what is clear, a rising market will replace the market downturn, and at that time, we can get big profits again.
Jump to: