I chose to jump on the bandwagon at an obviously terrible time. Invested 1k in Ethereum when the price was relatively high after the New Year.
Now the market is bearish (and looks like it could be for a while), what's the best course of action? Liquidate ETH, cut my losses and buy altcoins whilst they're at their bearish price? Bear in mind I was only planning on holding altcoins for around 6-9 months.
Any advice would be greatly appreciated.
Messorem.
I ve got smth similar, not the best timing. However, in 9 months timeframe you should be able to double what you invested. Recommendation is to Hodl, last year there were also dips for ETH around 30% but look how it has gained. It drops a lot and will come back also quite fast. Buy more when you see the turning point.
Takeout is that timing is crucial in that game and I suggest to relax. There is nothing you can do, you have only bad options. Sometimes no action is good action.