Topic: What would you do? | Is this the end of inflated markets? (Read 444 times)

Hopefully these prices will increase in the future.
I had some Ethereum 3 years ago and i never thought it could ever progress to higher prices so i decided to sell them and spend that money on my life.

But a few days ago i looked at the prices and i regretted it and my mind was busy for hours.
So hold on and see to see what happens in the future.
(I will not sell anything even if I make a loss)

You have made a bad decision for buying there before it goes down, so you should not sell it unless it recovers again, there is still a big chance that it will go up again just ho it until you see the result. If you already made a mistake then you should not make it again, you know that volatility of cryptocurrency is existing nowadays so just wait for the right time.

Not really, I try not to panic in dumps, I usually buy in every dump I've witnessed in pursuit of selling at a higher price. I bought thinking that the market wouldn't crash any further, but it did. However, I couldn't have predicted such a move, Ethereum had already fallen quite a lot, and it did look like an opportunity.

Fortunately, we can all observe that the market has well recovered already, in a matter of a few days after this thread was created.

wrong thinking in my opinion, 3 days ago I bought ETH and today I got 5% profit from my previous purchase, don't confuse friends, when the market is correction , the price will dump, but if you believe there is a period of return to hold the token You get a profit instead of selling all the assets, I think you mean the group of people who panic during the red market

I wasn't really worrying about Ethereum in particular, but the market in total. However, we can see that the market has greatly recovered and there is nothing to worry about anymore. Ethereum has a lot of potential and the $2.000 target won't be a far goal from now. If Bitcoin rallies to higher price levels, Eth will follow and even reach $2.500-$3.000 in a matter of a few months.

Ethereum is one of the top coins.
Personally, I really like this coin. My portfolio is also mostly decreased, the market is red right now, but it shows a good movement. Because the coin that you bought is Ethereum, personally, I will hold it and I will not worry too much. ETH is sure, one of the best altcoins.
However, the decision is yours, if your stop loss right now is not late yet, do it. But if it is late now, it is better for holding them.

Your just affected when the price was suddenly drop but you will not lose your money if you didn't dump your eth, just hold it and wait when the price pump in future or you can cut loss so that you can buy again at cheaper rate and hold so that you can possibly earn a huge returns if ETH rallies again. The best thing you can do now is to watch the market and don't get panic remember the one you bought is a strong coin.

I'm an investor and holder of ETH but I don't think that much a lot for ETH. $2k would be the first target and so on and so forth before getting to $4k.

But I agree to you that many are thinking more than those prices and it should have been met since bitcoin has moved a lot from the past months up to this time.

Tbh, Eth has not shown a perfect bullish move yet and major investors in this coin believe that it can go above $4000 if btc holds its rally for now. I am saying this undoubtedly that Eth will move higher and reach your buy price and even higher, don't sell in loss under panic situation. I heard that they are also going to halt the Eth supply which will open more possibilities for Eth to fly.

I also often experience a dilemma like that felt by the opening post when investing in cryptocurrency. For example, I buy Ethereum. Sometimes
the price suddenly drops, if this happens I am also sometimes confused. The choice is to sell it immediately even though it is at a loss, or to keep
it HODL, but the price of Ethereum may continue to fall. In the end most of us will panic and sell it immediately, even though the key to successful
investing in crypto is patience.

Because now my experience in the crypto world has been quite a while, I now understand better how to make decisions. My advice is to buy Ethereum
or Bitcoin, which are the two best coins. If the price goes down, don't panic and sell it. But just HODL until the price goes up again, because for Bitcoin
and Ethereum with a very high market cap when the price drops, soon the price will rise again.

Not really, I wasn't hesitant about Ethereum, I believe that it's equally successful with Bitcoin and I deem it as a worthy investment. In my opinion, its price will see even higher grounds, surpassing $2.000 in the next few months. However, I did buy at the wrong price, that was my main mistake. Ethereum had a dump of a larger scale than Bitcoin and will take longer to reach the price I paid when I bought them.

That market inflations had never to change, it is always there. The market trend will always come with that sentiment and even the stock market. FUDs could be somewhat influential, we know how it changing young minds and never have doubts and sell their cryptos.
But I don't want to say just hold, keep holding, never sell your coins because for the reason that there is a time when the market will dump and lose the chance. Yep, I'd sometimes do holding but not for a long-term goal, I sell them when I already have the best price.

It is easy to see why some people may have a pessimistic view about ethereum and the altcoin market in general, it was not long ago when many investors thought that bitcoin will be surpassed by another coin and it soon will fade into obscurity, they thought that since other coins had similar technology then the price of bitcoin was inflated and other coins could replace it.

Now after a few years those people are finally realizing that this is not going to solve itself with technology alone, bitcoin is trusted by the community and its first mover advantage is unquestionable, so where this leaves ethereum as it no longer has that hype? It is still a coin trusted by a important part of the community but that has lost value against bitcoin during the last years and this is a tendency that is showing no reversal.

I had bought BTC not long ago, probably more than a month ago, in terms of BTC, I'm fine. I was only screwed by buying Ethereum in a relatively high price. Bought before the large dump, it looked like a decent opportunity then, should have waited before buying. It was a bit irrational decision to be honest. I saw a low price (For that time being at least) and bought without much thinking.
Long term is a vague term, I'm not sure for how long I'm planning to hold or whatever, I might sell if I find a decent opportunity.

I predict you are a person with a lot of experience in the crypto market.  Why do you have such pessimistic eyes on ETH?  Maybe you bought at a bad time but ETH is too safe to limit the potential from the market.  In addition to Ethereum to be expected, it is also supported by a community of institutional investors, corporations, large corporations squeezed by popularity.  The market needs to revive good psychology.  Just hold and wait.

it depends on your purpose of buying at the first instance. if its for long term you do not need to bother at short time price actions. what i would do is to sell off if the signals are clear for huge price reversal and buy back in bits. that means you need to keep a watch on the market to see how its performing per time.

You should be asking yourself the question on whether you can take that kind of risk. The market is going down now and there is no guarantee that it will go back, we can’t tell you that. You can keep on holding your invested asset and the market will increase later after the fall, then you can as well keep it and the market will crash and will not increase again enough for you to recover your losses for some years.

So, in a situation like the last one I have explained, what are you going to do, will you be able to continue with the patience until another time like this? You can try playing it safe by selling a particular percentage of the investments you have made and the rest can be kept in your wallet.

With the crypto market going up and up only, its really hard to position knowing that there is no possible support and resistance to plot. You bought ETH, don't worry because it will recover soon. Just hold it. Now that we've seen a bit of a correction, we know which is the resistance and support levels.


I've already positioned myself into a point that whatever happens, I will not touch my current holdings right now. If it fall, I don't care I will just accumulate more. If it goes up, I will not touch it either.
Markets are moving in cycles so for sure, it will recover in the future and we've seen it already recovering slowly.

If OP bought his Bitcoin during the dump (as he said), probably he is profit now. Is not to wonder why he is thinking about selling but because he is contented enough with how much he possibly get. I believe he is not a long-term holder, he can make a decision easier to make a sell but if he not in profit now, I don't think he does it.

Does holding for so long helps a lot? traders don't do that anyway. Buying and selling are their life, and that makes them become profitable.

Ha, I've also bought BTC, just at a way earlier date, my portfolio is actually consisted of 70/30 BTC/ETH. I should have waited more when buying, but you can't really predict such movements. I bought because it did look like an opportunity, and I can't count how many opportunities I've seen but didn't act by either buying or selling.

I've noticed decent opportunities plenty of times, but I usually think about it too much when it comes to buying, as a result, that opportunity is lost by the time I make up my mind.

You just bought at the wrong time, the market despite the correction that we experimented has also rebounded, this is good, if a crash was coming we would not have seen such a fast response, it is obvious there is a lot of interest coming from big investors and they are not letting go of the pressure to keep making the price to go up.

At the end it is is your decision but if it as up to me I would keep holding my coins, this is especially true if you do not really need that money for your everyday live as sooner or later you will be in profits if you keep holding those coins.

The whole market is in the red. If you bought BTC or almost any other coin, not counting Cardano, BAT and maybe a handful of other coins, you'd suffer a loss to fiat.


He made the wrong decision again when he posted about ETH in bitcoin discussion.
I don't believe ETH is an inflated market at this time since it's the most popular chain upon which other coins are built. In this market the important features are scarcity and utility. Bitcoin is the most popular scarce coin and ethereum the most popular utility coin. I'm sure that if Bitcoin continues to gain value (and it will) ETH will follow.

Definitely, it's still money that can be withdrawn, used to make purchases, reinvest and so on. However, it's not money I have invested from my own salary, that would bother me more, but if we put things into perspective, it's the same thing, money.

I also regret buying Ethereum instead of Bitcoin, don't get me wrong, it's the second cryptocurrency in CoinMarketCap, however, Bitcoin looks like a much safer option.

I suggest you think about the situation this way:

Pretend you cashed out right now. Would you still put your money into ETH? Why or why not? - if you don't have an answer to this question in my opinion you should sell your ETH and re-assess the situation. Don't base your decisions on what other people are saying. You bear the sole responsibility over your money and therefore you should be the one making the decision.

There is no future in Altcoin,
Don't you see the alt market is crushed when Bitcoin market dumping a little, and most of the Altcoin won't able to recover back though Bitcoin recovered.
Only fools are investing in Altcoin, where Bitcoin gives 5x or even 10x safe profit.
For alt I don't know what your future holds, But if you invest in Bitcoin now then it is sure it will go back to new ATH soon,
Most of the investor's initial main target is 100K for Bitcoin though it will go over 100K.

Buy low, sell high. It's a simple rule, and yet people often make the mistake of violating it. In the previous bull market, I made the same mistake and bought Ripple at $3 per coin or something. This time, I just keep calm and do whatever I feel like doing with BTC (either hodl or sell), but I don't buy more, and I don't invest in altcoins. Selling now would definitely mean losing money in your case, but not selling might mean that the value will go down even more and be like that for a while. Hodl if you're willing to wait for a few years for profit, but it's always a risk with cryptos, especially if you buy at ATH.

i disagree.
news does influence the market but not by as much as you would think. for example if you ignore the Elon Musk tweets recently and only focus 100% on the chart then compare the price movement that we had in the past 2 or 3 weeks with any price movement in similar situations that we had over the past 10 years you can see that there is a clear pattern that is being repeated regardless of some news.

I don't think anyone is fond of the idea of losing their money. You still paid basically for the amounts you've received: paid with time for signatures and paid electricity for mining. The idea is, as long as you spend your time and resources to accumulate coins, you should have already acknowledged and agreed that all of that money is and investment and you are at a risk of loss. If you can't accept the risk of loss, then the best thing you can do is get a job since that's the only method of earning a buck posing the least risks.

If you think the prices are going to dump even further for now, then either sell everything and wait for the dump or keep purchasing as the dump happens. I would personally choose the second variant, since selling everything is imo a bigger risk: what if it goes back up and I have zero coins left?.

But again, just follow your gut feelings and keep reading. Create your own view, your own opinion and follow it. The more you read, the better and closer to the truth your gut feelings will be. Going emotional during dumps (or pumps) has devastating results most of the time.

Elon Musk company has already bought Bitcoin. He is interested in price growing. But I agree with you because news too much influence to the price of cryptocurrency it is very unpredictable.

Are you new in the crypto game? Such falls happened regularly and in every pump there much surely be every dump, coins can't be steadily rising, if you think that's how it works then you are wrong, basically, the bullrun of 2017 takes a longer time of three years before the market recovers back to the new ATH, do you think investors that bought at 20k in 2017 sells off other coin? Some patiently hodl while buying more, those that sold is at great lost today.
To point is that, inflation and deflation works hand in hand, so irrespective of how market goes against you, it must recover back for your profits but the time may be too tiring.  Therefore, we are not in a bearish market so every coins falling is corrections, give it some time to detect the support point after all.

Hold, bitcoin and ethereum that's one of the coins out there with very strong fundamentals and very strong community. I understand few don't favour ethereum due to its little bit of centralization attributes but it's one of the project out there truly contributing to the growth of the industry. We have dApp and smart contract bringing alot of innovative and that's all because of ethereum.

Don't get distracted by all the so called ethereum killers as they'll come and go, ethereum developers is constantly working on improving her blockchain just as bitcoin is, the fees are outrageous now but with time new innovation will be deployed to combat that therefore it's worth holding, remember it took almost three years last time for it's all time high to be crossed but if finally did, time won't be any different.

I think this will have many different directions, and in this situation.  seems to be considered because the gap between BTC and the rest of the altcoin on the market is only 1/3.  While the bitcoin market cap at ATH is 1000 billion, the total altcoin is 750 billion.  The fact that bitcoin is run by the bulls makes it absorb market share from invisible pushes. https://news.bitcoin.com/btc-balance-sheets-42-companies-hold-1-3-million-bitcoin-worth-more-than-65-billion/
I don't know at what price did you buy ??  At the red fire last week.  i had surfed earlier at $ 1k8 and now i redeem at $ 1k4.
ETH is much awaited this year for ETH 2.0, some have pumped into BSC and left ETH.  I think they will pay the price.

What we all have to understand is that crypto is an asset with a volatile price, so if you buy Ethereum and the price falls, don't sell your Ethereum
at a low price. It is true that yesterday almost all coins fell quite significantly, and some investors panicked and made a cutloss. But for those who
are patient, now the crypto market is starting to recover and some coins are starting to rise again in price,  including the price of Ethereum starting
to rise again. So if you see a market dump, still HOLD coins you have. Because as long as you invest in potential coins like Bitcoin and Ethereum.
I'm sure the price will recover soon, because as long as we don't sell the coins we have at a low price, then we haven't lost yet.

The general rule of thumb is always buy the dip, You cant blame the cryptomarket for being instable and very volatile when you go on a fomo frenzy and buy at all time high.

Its not looking very good for ETH right now i would say,If you really need the money you can sell some of it (to potentially cut your loses too)

News influence too much for Bitcoin price. For example after each twitter of Elon Musk price of Bitcoin change. Just example - https://dailycoin.com/elon-musk-bitcoin-less-dumb-than-cash/

I know that you are in the most tough time right now. It is hard to be patient when the market start to fall significantly.

My advice is to continue holding. You are having 2nd largest cryptocurrency on the Internet and therefore, it is no need to sell off everything. I believe that ethereum will soon bounce back to $2000. It was only 7 days when the bear first take control the market. Our bull run last more than a month. After this big correction, you can close your order at your entry or even way beyond it 

Market prices do fluctuate significantly, depending on supply and demand. When the price drops dramatically when the highest price is obtained it is natural. But if it's a BullTrap? Yes, just take an example, in my opinion there are only some people who do not understand market conditions, only watching when prices rise. The higher the price the more opportunities for the price to fall. If I were in your current position, I would probably do a cutloss. Why? Because I will make up for the loss, maybe the money will not come back but at least the ETH will increase. That's just in my opinion

Probably you went in a fomo frenzy. I am also sure you knew what could happen before you bought and that it could have been greedy from your part. However I don't understand why you didn't have any plan at all. If you bought were you thinking of long term or just read some prediction that ETH will reach $10,000 and thought you would 5x you money? I don't write this to make you feel unconfortable. I just want to increase awareness to anyone that reads this comment. If you don't have any kind of plan but just make a bet in a coin, then you are just treating this market like a visit to your casino and your bet in roulette. You will most definitely lose money unless you get lucky. Betting in the market like a casino means you will lose money. Make plan, make analysis of the price, find a spot to enter, be patient and not overlook the fact that we are still in a bull run.

If you are losing today 25% of your investment, then you should try and calculate the odds of the bull run being over and Bitcoin crashing 80% while Ethereum and the rest crashing 90%, so you lose all the rest of your money. If these odds are worse than the odds this bull run hasn't ended but is still in the middle then Ethereum will surely recover and reach new highs.

Finding these odds isn't easy and if you ask traders they will give you different estimates that will deviate too much to decide. It should be out of your knowledge and experience. Making a plan in the middle of an investment will not help you much, but at least you will try to correct a mistake you made investing blindly.

patience without thought or reason is utter stupidity.
that's the problem with a lot of cryptocurrency investors these days. they buy bitcoin then believe any FUD they hear and panic sell just because price goes down a little meanwhile they buy a shitcoin without future but bag hold it even when that altcoin is dying in the name of patience.

I would not call it inflation but correction. Yes it was bound to happend because the crypto was booming a lot since a few weeks.
But then why did you invest when you knew it was bound to happen and if not then why didn't you do this research before investing your money ?
We learn from our mistakes and I won't say you have done a very big mistake because you still have the chance since the market is recovering quickly.
You should just HODL on to your portfolio to see the gains or invest at lower prices to decrease your average price.

This is why most people advice to not buy during times of 'peak' without putting much thought and some analysis to it. This often happens. People get burned, money is lost, and all that's left for them to do is blame the investment/asset that they put money on and call it 'unfair' or 'overhyped' and the likes.

Personally, I think that bitcoin's current valuation is okay on where it is, considering that a lot of giant companies already see it as a viable investment in current times. I wouldn't say it's over-inflated, but rather you just invested at the wrong time, or perhaps impatient enough to not weather the current situation. We went back to $46k yesterday, but bounced back to $49k close to almost $50k just a few hours ago. This market is wild, highly-volatile, and unpredictable. But if you have the patience to come with your investment, I guess you wouldn't lose any money that you put even if you bought near the top.

Perhaps the joke phrase "patience is a talent" rings true. It's no longer a virtue, but rather a talent that not many possess nowadays.

The market was definitely overbought, especially with the Musk/Tesla incident. If you take into account how much the prices spiked at that time, it was expected that this situation would come sooner or later. Unfortunately, I also thought that it would achieve a greater fall and sold yesterday at a lower price. You cannot really predict such moves, thus, I move my money into Yield farming for a while.

Yes sometimes I think it is overbought that's why this recent market correction is needed as we can see after a correction there will be a chsnges in the market, for example in bitcoin we think that it would go lower and lower but market rejects it and it pumps again, we're nearly back to 50k, all of us or most of us thought that it will go lower to 30k because that is the support until it shows some changes when this February ended it shows bullish again (I'm not a pro anyway), but this is my assumption.

Of course, it's normal, it can't go up forever. My intention isn't to post FUD, I believe in Bitcoin and Cryptocurrency. However, I do believe that the market was significantly boosted in a very short period, thus, a correction back to more earthly levels was expected, and normal. I messed up by buying at a higher price because I misjudged the dump, I thought it wouldn't last that long.

On the other hand, I believe that Bitcoin will actually recover, sooner or later, but it will take time to recover back to where it was. Seeing my money sitting aside providing nothing is something that is troubling me to say the least.

Bitcoin's price has reached a point that feels like the start of a bull run, or just before the bear market. Companies are developing, the foundations of Bitcoin are getting stronger, the miners are happy/winning, so the network and ecosystem as a whole are performing well. Therefore, for a long-term investment, making a punctual decision whether to sell or not now is a bit risky. Just, before making any decision, think about all factors that could affect the price.

Whats the point of investing if you're going to sell at loss? You should know the risk and possible consequences of buying at the wrong time.

I understand that some of us are tempted to buy if the price is soaring high just to ride the hype, but if our expectation didnt happen dont let panic selling be an option.

Keep holding until the price surpass the value where you bought your coins. Be patient as well and forget the market fo a while this can help you to refrain for committing a decision that you might regret later on.

You say that you don't have intentions to post FUD,but you are actually posting FUD.
The crypto markets aren't that much inflated.They are just volatile.If Bitcoin(or any coin) can go from 20K to 56K in two months,then everyone must be ready for it to go back from 56K to 20K.This is normal.The prices don't always go up.
Every market in the world is more or less "inflated",due to the central bank money printing avalanche.I guess that the crypto market isn't that different.
My advise to you is to HODL your ethereum,but you can go ahead and join the panic selling crowd.
This is your money and your choice...

Probably one of the best replies I've read so far. Of course, I am not going to fully take into account some stranger's predictions regarding my investment/money. Mostly trying to see what other people would do, collect some other views and so on. However, from one point of view, such a dump was expected, prices rose to a significant level extremely fast, faster than they should have. A correction down to $40.000, or even further could also be expected.

This isn't actually money I've spent, it came from holding funds I had earned from Altcoin mining and signature campaigns, then forgot about them when the dump happened in 2017. Basically, I haven't put my own money there, it's still money, but it hasn't come out of my own pocket. However, it would be stupid to say the least if I lose all of them. To answer your question, it is money I can afford to lose, but not really fond of the idea of it happening.

I bought during the dump, but at quite higher levels than those we are going through now. Thus, on one hand, it might be wiser to sell and buy at an even lower price, because to be honest, I think it will dump even further for the time being.

your mistake was buying altcoins in first place which is why you have been losing a lot of money.

Ethereum's dump didn't start recently, it has been getting dumped for over 4 years now. The golden days of ETH was 2017 because of the ICO scam mania and ended right then and there. 2018, 19, 20 and 21 have been the days of ETH dumps.
with bitcoin price rise, this dump slows down and sometimes ETH USD value goes higher so people start thinking the dump is over but again when bitcoin stops the ETH dump continues.

what I do is that I never invest in shitcoins. I always only buy bitcoin.

I think that is because the bitcoin price does not increase high, but it is fluctuating from the high price to the lower price. The other coins are still trying to grow step by step, but some coins can get a high price shortly. If your reason to sell your coin is that you want to buy the coin at a low price and sell at a high price, that will not be a problem because you will have that chance many times. That is what I did so far, and although I can not always get a low price, I still happy because I can make a profit.

If I were you, I would hold on for a while. Currently, the market is very difficult to predict, not necessarily the market will continue to dump. In my opinion, the market will recover soon. I doubt that if I cut loose, the price will go up.

You are the one who should be the decision maker, but before that you have to think carefully, for me I think that the market is a recovering market and you don't have to worry, you have to wait a while, this always happens in the market.
As for me, I will wait for some time and if the market does not recover I will sell at different levels and buy from the bottom again to try to reduce the loss.

Unfortunately, your hands, my friend, are still weak. I can feel they're shaking. There's still a lot of emotions in you. Bitcoin at $46,300, ETH at $1,400, and so on, and you are thinking of the end?

Take a little step backward, just one tiny step, and you will begin to appreciate the current figures. When this year began, BTC was around $28,900, ETH around $730, and so forth. Merely a couple of months later, the prices of these two top coins are already appreciating so fast, even in its correction stage at this moment.

Well, it's up to you if you want to sell, but I guess that's how the prevailing inequitable division of wealth is reinforced. And oftentimes we wrongly blame the rich and the wealthy. Probably at this very moment, some average guys are selling their Bitcoin to the rich and powerful.

Crash or in other words, dump was going to happen because without it, the market cannot be run as profits were made enough, so markets reached a point where those profits were started to be taken out. Do not be sorry if you fomo'd and bought high because this very money that got out of the markets will come back at their desired prices. Regret is a cycle, today you will do it, tomorrow someone else will do it once they see the markets higher than your price. So don't regret and hold calmly.

I'd recommend selling only 30% of our asset if we're holding huge quantity of bitcoin, because it's not a wise decision when we dump entirely. The situation was too unpredictable, and we can't afford to lose our trades by the time bitcoin price will burst again. I'm sure that's really stressful to think of if we lost another opportunity again. Controlling our emotions is the only strategy to deal with pressures, and I think patience could be hard but you should learn to have it.

The OP bought ETH, and I think even if we are in red today, it will go up again as the decrease is not forever, just like the increase of price. So if he can hold his ETH and wait for the time at least higher than what he bought, he will be not negative with his investments. That is, if he can wait. What we are seeing today is just normal market movement. So nothing unusual actually.

Worst thing you can do is take a choice based on the "predictions" coming from complete strangers off the Internet.

You can right now take this three ways:
 1. The market is about to dump brutally. Possibly for a short timespan, or maybe for a longer one. Maybe a 2015 kind of crash. Best action to take here? Dump everything and wait for a better opportunity to purchase.
 2. The market will recover and pump back upwards in a short time. Best action to take? Purchase now..
 3. Whatever happens, you can take advantage of this dump to lower down your average purchase price.

Is the money you've invested.. money you can afford to lose? If so (and it should be, if you want your investments not to ruin your life, then it might be best to follow your gut feeling rather than following a stranger's prediction.

Crypto markets are known for brutal price drops every now and then. The more years you stay & play in the markets, the more used you get to it. Yeah, dumps happen. But how much were all those coins an year ago (or 2, or 3) and how much are they today? Most people who purchase during these dumps and hodl for the next few years get to earn a good profit, although you have to resist not to be a weak hand during all this time.

I know the feeling a less experienced crypto user gets when markets go wild and then parabolically drop. I have an honest feeling that BTC and a few other coins are here to stay (ETH included; although I don't support it, I think there are many, many others who do), so I'll act based on this feeling of certainty. Don't let emotions control you. That's the worst thing you can do

How much you bought? i suggest to take it easy. For now is not a dump... Its only a normal correction. I was one of the ones gthat bought btc in 2017 at 20k. The panic of reapeting that, is always there, but this time we have good support of institutions and seems to be the start of crypto. I suggest to wait minimum a month. Btc will propably touch 70K in march. So dont worry and dont sell now.

You already made the wrong decision or maybe your unlucky buying before the market price going down, and that's really unfortunate.

For me you can't really make a profit easy in the market, I mean you can but not every time, but you're not really going to lose the value of your Ethereum unless you sell it at a lower market price.

I'm holding my bitcoin until now and planning to hold even if the market drops, but I don't really think it will drop down to around 30k$ same as in the case of Ethereum. The best move was to keep holding until it recovers and you make a profit. Be patient it's now always easy to make a profit, you could just invest for now every time the market continues to go down.

Not here to spread rumors or post FUD. That's not my intention, I only want to vent and discuss the current situation.
I've bought Ethereum before it crashed so bad, now I've lost a reasonable amount of money, and by looking at the graphs, most coins have shown no resistance to ease the fall.

I'm starting to think that the market's prices were way too inflated, not realistic, and a situation like this one was bound to happen one day. What would you do? Sell now, before it dumps even further, or keep holding hoping it will recover in the future?