So my portfolio is down %70...too late to pull back now I guess - page 5.

lalabotax

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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.

What coins are you holding? If you are holding top coins, no need to be worried so much, you can continue to keep them. Just wait for the next bullrun season, you can sell them at that time, probably in 2024-2025.

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.

Sure, we have experienced the same situation because it is almost the same as in 2018. After bullrun 2017, crypto market drops as well like we experienced this time, but it recovered in 2021, right? So, we shouldn't be worried since it is proven that after bearish should come the bullish season.

AmoreJaz

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Quote from: Rengga Jati on May 21, 2022, 04:05:51 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.
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.

As for what @bittraffic said that we guess you have been in the crypto world since July 2017, so actually you also should meet this kind of downtrend like this, much worse Grin

And this downtrend will still continue again and again until Bitcoin reaches its bottom in the bearish era.
We are here all experiencing this downtrend exactly and our portfolio is in the same drops.

In this situation, if we are holding Bitcoin, we can still hold them for the next bullish era and I believe that the price will exactly pump at the time.
But on the other hands, if they are altcoins moreover hype or new altcoins, well, I ma not sure that it will be back again or not. That is the fact, still not sure

Be patient, dude, only this that I can say

as a holder, you should prepare this up and down movement in the market. but when you are holding btc, the chance of getting back your profits is always around the corner. but if it is other alts, like let us say LUNA, then, that's a different scenario that you need tackle with. with btc, you can wait and hold. as it is only a matter of time before we see it rising again, just like in the previous years. but with other alts, you need to keep an eye with the team themselves, because their decision matters, whether they are getting out or not. if you will sell now, definitely youre at a loss. so why not wait, as you are already waiting anyway? this is not the end of crypto.

Rengga Jati

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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.

As for what @bittraffic said that we guess you have been in the crypto world since July 2017, so actually you also should meet this kind of downtrend like this, much worse Grin

And this downtrend will still continue again and again until Bitcoin reaches its bottom in the bearish era.
We are here all experiencing this downtrend exactly and our portfolio is in the same drops.

In this situation, if we are holding Bitcoin, we can still hold them for the next bullish era and I believe that the price will exactly pump at the time.
But on the other hands, if they are altcoins moreover hype or new altcoins, well, I ma not sure that it will be back again or not. That is the fact, still not sure

Be patient, dude, only this that I can say

coolcoinz

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If you're -70% right now it means you held some really shitty altcoins. All that Bitcoin did was close to -60% so you are complaining in the wrong section, OP. There's an altcoin section where you'll find people in a much worse situation, especially those who held Luna.

If you really held when you were -50%, there's no point in selling now at -70%. Were you even at profit because to be at -70 you'd have to buy at the peak of 2021? If what you're saying is true then you bought the top and then held all the way down, despite being at a 20, 30, 40% loss. That's really unfortunate, but If I were you I'd think about the probability of going down vs going up from here. We kept falling for the last 7 months, it can't go on forever.

TheNineClub

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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.

The cyclic movement of the market seems to be the norm at this point and the same rethoric was heard the last time (2018) when the marked went down. But will it recover as it did before (after a year or two) is anybodys guess as there are diferent factors at play such as world recession and what happened to Luna.

Fortify

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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.

There was similar downtrends when Bitcoin was worth much less, but that was a few years ago. Nobody can say if it's going to recover into the future, but the trend does not look very good right now and it seems to be staircasing downwards. It does seem like there is some correlation between Bitcoin and the wider economic situation right now, people seem to be cashing out of it as the markets are looking jittery with a recession on the horizon due to wild inflation. Unfortunately it is a tough lesson to learn, if you're down 70% then you really must have purchased near the peak, otherwise it doesn't make sense? Hopefully you can take it as a future lesson to diversify and not put all your money into a single asset class.

Charles-Tim

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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.

If you have altcoins in your portfolio, then not a surprise that your holdings worth has been decreased 70%. Better to hold bitcoin. This time is for the bears but the bull time will come but can still be long before it would come. The market can still be of the bears, many altcoins do not always reach all-time-high, avoid them and hold bitcoin.

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.

You can check 2018, it was full of bears. If 2016/2017 were bullish, also 2020/2021 were also bullish. But in 2018, bear market started and lasted for long, also 2022, bear market has started and may last long. I am waiting for 2024/2025 to be bullish again.

The Cryptovator

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We know all about if we can't hold then we can't make money from crypto. Cryptocurrency become most popular because of volatility, we can't exclude it from the crypto world. To be honest this is the time for accumulating and filling your bags right now. But sadly most of us already bought higher price and our pocket is empty now. But I don't think it's something to worry about your funds. No matter how many percents it has dumped. Just hold and wait for the recovery.

hyudien

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Have you forgotten that we have had many moments? You should be aware of today's Bitcoin price which has finished from a great bullrun but is still holding above the support line.

You are not the only one who has experienced a minus portfolio, but almost everyone including me has also lost 50% of the current total holdings. Since I don't store them in altcoins, then no matter what I already know Bitcoin will come back with a strong push in the future.

DaveF

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BTC Price high 2017 $19000
BTC Price low 2018 $ $3500

So that was a much bigger BTC price pullback, at least as of now.
If you had other coins then I hate to say it but with a few exceptions then you were gambling anyway.
With everything else going on in the world at the moment and the spectacular implosion of Luna the current pullback is not that unexpected.

-Dave

bittraffic

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You have been in crypto in 2017 which means you are not new to this kind of pull back as it had happened before. The more worried an investor would be if he has invested altcoins because normally altcoins drop way more than 70%. Its not unusual any more for someone who had experienced the long bear market back in 2018. Those investors after 2018, learned their lesson to dump before the alt markets dive.

Yes it going to be depressing when you saw your money that was once more than 300K, now drop to less than $50K. Feel sorry for myself too when I don't have any idea if I'm going see it goes 300k again, its detrimental. But after 2021, I learned my lesson.

9thsky

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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.

Topic: So my portfolio is down %70...too late to pull back now I guess - page 5. (Read 689 times)