I was tempted to sell off altcoin

[adzino]

Hello mate
Do we currently calls the market situation the bear or what?
Today I just opened my storage where i buy and stored most of my crypto coin and the rest I noticed have almost lost 60% of all my asset in dollars so I was tempted to sell off all and take a look at the market to know if there will be corrections, though I have been monitoring the market but I m not really convinced so I decided to share here to know whether I could get some people who  knows about the market to give a little breakdown before I go into such decisions.
I will really appreciate then i can know the reason for such action and decrease in most of the currencies especially BTC and BNB.

Thank you.

I will read all comments to see the reason.

Didn't you invest what you were able to afford to lose? Then why are you worried about the 60% drop of your assets? You shouldn't sell (unless you really need the money, but then again, you shouldn't have invested those money in the first place) anything. Keep holding until the bear market ends. Look at the charts and you will see that market crash like these happens, but eventually the price starts to recover again. As long as you aren't holding some shitcoins, you are fine. If those are some shitcoins, sell as soon as you can.

[Dr.Osh]

well, it's not just your assets that have fallen so deep, in fact almost everyone holding crypto will have the same result. personally, I even fell more than 60% of the assets I held. however, beforehand, I had prepared myself with this. So, I will either hold it until the price pushes my asset back above 50% returns, or wait for it to become completely worthless. however, before investing, I was prepared with it.

[FanEagle]

It may not be wise to sell off now. You could've done it 2 or 3 months ago but now with this bear market, all you could do is keep it or save yourself from losing more if you feel like there is no future for it. Because there is really no telling where all of this would go.
IMHO, the higher chance of bouncing back up is higher than falling all the way. This is how Bitcoin runs and history is the proof of it. It goes up at a surprising level then it corrects at where it should really be after a hype. At the end of the day, it's still your decision.

Unfortunately there are still some people who think that the war could cause it to go down even more. I mean the part where the war could continue for weeks is true, I am not expecting it to be over right away, there will be a lot of people who will end up with something a lot less at the end of this war and they could be worried.

Do not consider the whole market selling because they are afraid of what the war could bring, there are also a lot of people who needs the money as well and that is the biggest problem. Think about that in the long run and all the people who will keep needing money will sell. All the people who works with Russia or Ukraine could be getting less money and need to sell their coins.

[Ryker1]

^[snip]
We are already in a bear market, keeping money is essential now.

Well I did not see we are in the bear market, we are really on that stage right now?
Anyway, selling any of your cryptos when the market has a correction is a bad idea, just wait for it when it will be plunged again in the market, and if the current war of two countries was been a reason for this sudden dump it could be not the main factor of the sudden dump. That is not a world war and it is impossible to happen, other allied countries know that there will be an economic crisis when then there is a war.
However, if OP means selling his altcoins and reinvest in bitcoin is a good idea.

[zasad@]

Hello mate
Do we currently calls the market situation the bear or what?
Today I just opened my storage where i buy and stored most of my crypto coin and the rest I noticed have almost lost 60% of all my asset in dollars so I was tempted to sell off all and take a look at the market to know if there will be corrections, though I have been monitoring the market but I m not really convinced so I decided to share here to know whether I could get some people who  knows about the market to give a little breakdown before I go into such decisions.
I will really appreciate then i can know the reason for such action and decrease in most of the currencies especially BTC and BNB.

Thank you.

I will read all comments to see the reason.

Classic story, but don't be discouraged because you got a good experience. Further, there will be more small rises and falls in the price, but I think that the general vector will be directed downwards in order to force investors like you to sell your crypto assets. In your case, you need to analyze each token and make a decision.

[tarable]

Hello mate
Do we currently calls the market situation the bear or what?
Today I just opened my storage where i buy and stored most of my crypto coin and the rest I noticed have almost lost 60% of all my asset in dollars so I was tempted to sell off all and take a look at the market to know if there will be corrections, though I have been monitoring the market but I m not really convinced so I decided to share here to know whether I could get some people who  knows about the market to give a little breakdown before I go into such decisions.
I will really appreciate then i can know the reason for such action and decrease in most of the currencies especially BTC and BNB.

Thank you.

I will read all comments to see the reason.

people usually buy when the market price is down. however you are tempted to sell your current crypto assets.
60% is a large percentage if assets are lost. lest your crypto asset is not a top coin so you are tempted to sell, because if you hold on the price will continue to decline. Is it true?

[sayaya17]

Hello mate
Do we currently calls the market situation the bear or what?
Today I just opened my storage where i buy and stored most of my crypto coin and the rest I noticed have almost lost 60% of all my asset in dollars so I was tempted to sell off all and take a look at the market to know if there will be corrections, though I have been monitoring the market but I m not really convinced so I decided to share here to know whether I could get some people who  knows about the market to give a little breakdown before I go into such decisions.
I will really appreciate then i can know the reason for such action and decrease in most of the currencies especially BTC and BNB.

Thank you.

I will read all comments to see the reason.

You have to remember what your initial purpose of investing in crypto, if to make a profit why should you sell it when the price is low.
Market declines in the crypto world are common and will definitely happen again and again, so there's no need to panic if your assets drop to 60%.
Because as long as you invest in potential coins, you don't have to worry, the price of the coins you have will recover and even go up much higher.
One of the keys to successful investing in crypto is patience, so be patient with holding the coins you have until the market is bullish again.
Don't rush to sell the coins you have when the market is bearish like now,  who knows in the near future there will be good news and make
the crypto market recover. But remember that you are holding not shitcoins, if you are holding shitcoins you should sell them as soon as possible.
Because shitcoins the possibility of recovering is very small, so the risk is too high, if you hold it for too long.

[michellee]

Hello mate
Do we currently calls the market situation the bear or what?
Today I just opened my storage where i buy and stored most of my crypto coin and the rest I noticed have almost lost 60% of all my asset in dollars so I was tempted to sell off all and take a look at the market to know if there will be corrections, though I have been monitoring the market but I m not really convinced so I decided to share here to know whether I could get some people who  knows about the market to give a little breakdown before I go into such decisions.
I will really appreciate then i can know the reason for such action and decrease in most of the currencies especially BTC and BNB.

Thank you.

I will read all comments to see the reason.

people usually buy when the market price is down. however you are tempted to sell your current crypto assets.
60% is a large percentage if assets are lost. lest your crypto asset is not a top coin so you are tempted to sell, because if you hold on the price will continue to decline. Is it true?

If your asset has fallen by 60%, it's better not to sell it now but just wait because if the price goes up after you sell, you will regret selling at a low price. This is a good moment to buy because the price is already below, so if you want to buy now, it can be a good moment to increase your coin amount. So I suggest you wait until market conditions recover.

[Yacht_X_Coin]

Decreases don't always happen, there will definitely be increases. So far the graph goes zig zag. I'm sure you know how the cycle goes.
If you believe in selling for fear of losing a large percentage of crypto assets, then please make a decision. For me, it would be a big loss if the current market conditions chose to sell.

After the rise, there is a fall in the market. Then will be rise again. But in the long term perspective cryptocurrency market rise. So it is better not to hurry and not to sell assets.
It is impossible to stop technology and development.
Now appear projects that use artificial intelligence for development and to create better tools like this https://twitter.com/PredictVision/status/1496833642714312707

[shushu9977]

Not only you but also many traders loss their money. Somebody 20%, somebody 40%, somebody 60%, if anyone loss 10% or 20%, then you sold your crypto. But, if you loss more than 25% or above, then you should hold your coin as can as possible. Because, you know that there are many times, btc breaks it’s own record and create a new one. So, be patience and you see in future that btc break all records and market will be in strong position.

[Anonylz]

I don't know why you should be tempted to sell off your portfolio if it only contains btc and eth (if I were in your shoes I won't bother, but this is your decision to make) the point is, btc has experienced worst situations than this and always come out even stronger, except you have such a pressing needs that require urgent money I don't see the point, or perhaps you believe if you sell now you can buy back cheaper (that is, if you still want to reinvest) otherwise no need.

Even if it's alts, time to sell already passed (imo) selling now at -60% is like throwing your asset away (well depend on the alts) if they are shitcoins and you fear they may not be able to recover, I would say dispose of them ( again it is your decision ).

[manok jepang]

our goal for investing is to get a profit, so don't panic to sell our assets when the crypto market is falling, especially if the crypto we hold is a coin that has strong fundamentals such as, BTC, ETH, BNB, SOL, AVAX, DOT, ADA, and TERRA LUNA, the rise and fall of crypto prices is a very common thing to happen but when the rise and fall of a coin no one knows for sure, therefore we must learn from the experience of 4 years ago, where BTC and other coins have fallen too deep for a long time, this incident makes people who panic excessively get big losses because they sell their assets when prices are very low, but on the contrary it is people who are patient and optimistic who get the benefits which is great, because BTC and its other coins have risen so high a few years later,

[1CentAlsoWorthForMe]

Even if you are a technical analysis specialist, your technical analysis will be useless if the economy is going nuts, either negatively or positively. Even if you do not consider yourself a trader and instead consider yourself a regular investor, it is your obligation to be aware of what is going on in the world that may impact the price of the assets you have, whether it is crypto or anything else.

[Accardo]

The market is either bullish or bearish, I ask myself, why do people panic when the later occurs and Jubilate when it gets bullish. The people who understands cryptocurrency market utilize the bearish time because it'll get bullish soon and everyone gets happy again. That's why some win on cryptocurrency market while the others feel like it's not for them. OP, some coins like BCH was not hit so hard. Consider such kind of coins they'll be a better substitute.

[Ziskinberg]

Hello mate
Do we currently calls the market situation the bear or what?
Today I just opened my storage where i buy and stored most of my crypto coin and the rest I noticed have almost lost 60% of all my asset in dollars so I was tempted to sell off all and take a look at the market to know if there will be corrections, though I have been monitoring the market but I m not really convinced so I decided to share here to know whether I could get some people who  knows about the market to give a little breakdown before I go into such decisions.
I will really appreciate then i can know the reason for such action and decrease in most of the currencies especially BTC and BNB.

Thank you.

I will read all comments to see the reason.

I feel what your feel mate, to sell was your choice but first, you also have to think what will be the results with this. Because losses can be possible if you sell them below the buying price and I think it was not a good idea either.
Well, I'm not saying you should have to hold your coins but I just wanted for you to think. it gonna be a hard decision this time especially if you are relying on crypto profit but we sometimes do the sacrifice and that to hold is a way not to lose our money as surely the market will recover someday.

[DoublerHunter]

The market is either bullish or bearish, I ask myself, why do people panic when the later occurs and Jubilate when it gets bullish. The people who understands cryptocurrency market utilize the bearish time because it'll get bullish soon and everyone gets happy again. That's why some win on cryptocurrency market while the others feel like it's not for them. OP, some coins like BCH was not hit so hard. Consider such kind of coins they'll be a better substitute.

The answer is simple, it hurts to see your profits going down and you rejoice when the market soar higher and that is human nature and it will not change, but smart investors will understand with every correction it gives them the opportunity to add more in their bag and then wait for the market reversal and earn their profit. So always be a smart invest rather than an emotional investor.

^ Definitely right but for me, if the profit was been on my target profit then I will sell them without hesitation.
Seeing the price that has been increased is really tempting to sell and hope that you have able to gain more profit upon holding. There is no need to wait for long if it is already hit your profit target. Just sell and reinvest it back when again there is a correction and I think that is how the smart investors will think about crypto investment. Be always have a wise decision.

[BuNga_cute]

Not only you but also many traders loss their money. Somebody 20%, somebody 40%, somebody 60%, if anyone loss 10% or 20%, then you sold your crypto. But, if you loss more than 25% or above, then you should hold your coin as can as possible. Because, you know that there are many times, btc breaks it’s own record and create a new one. So, be patience and you see in future that btc break all records and market will be in strong position.

Actually it's normal for us to experience losses when investing in crypto, because I'm sure everyone has experienced it. However, it does make us
panic if we see our assets drop drastically, moreover until it drops to 60% I can understand how it feels. But the mistakes we make make the experience
for us to be wiser in making decisions. I agree with you, if we are still losing below 25%, it doesn't matter if we sell the coins we have. But if our
assets have fallen above 25%, it is not recommended to sell our assets, because later, apart from making our morale fall, we also find it difficult
to compensate for the losses we have experienced. Actually, in my opinion, as long as we invest in popular coins that are at the top, there is no need
to panic to sell them when the price drops. Because popular coins such as BTC, ETH, BNB, SOL and ADA if the price falls very deep, the chances of
recovery are very high, so it's better to just hold until the price goes up again.

[tarable]

Hello mate
Do we currently calls the market situation the bear or what?
Today I just opened my storage where i buy and stored most of my crypto coin and the rest I noticed have almost lost 60% of all my asset in dollars so I was tempted to sell off all and take a look at the market to know if there will be corrections, though I have been monitoring the market but I m not really convinced so I decided to share here to know whether I could get some people who  knows about the market to give a little breakdown before I go into such decisions.
I will really appreciate then i can know the reason for such action and decrease in most of the currencies especially BTC and BNB.

Thank you.

I will read all comments to see the reason.

people usually buy when the market price is down. however you are tempted to sell your current crypto assets.
60% is a large percentage if assets are lost. lest your crypto asset is not a top coin so you are tempted to sell, because if you hold on the price will continue to decline. Is it true?

If your asset has fallen by 60%, it's better not to sell it now but just wait because if the price goes up after you sell, you will regret selling at a low price. This is a good moment to buy because the price is already below, so if you want to buy now, it can be a good moment to increase your coin amount. So I suggest you wait until market conditions recover.

No one disagrees that the right time to buy is when the price drops. Those who sell when the price drops will definitely regret it.
I doubt the crypto assets that are said to have lost 60% since the downturn are good assets like BTC, ETH, BNB or those in the top 10 coinmarketcap. Because the good assets will increase again after this phase ends.

[Webetcoins]

I think a bear means is when most of the coins or market in general term are declining. I didn't check the market yet but maybe you checked it already, what did you noticed? If you confirmed that there is a bear then you should refrain from selling. You are down 60 percent which was a lot.

If ever your going to sell at a loss I think you have sold earlier when the down percent is not too much, say 10 to 20 percent is still fine because that wont hurt much and can be easily recovered if you re invest again after you sold your coins. If you want to know the reason of the decline, they say it is because of the war that are happening now between UK and Russian country.

[michellee]

No one disagrees that the right time to buy is when the price drops. Those who sell when the price drops will definitely regret it.
I doubt the crypto assets that are said to have lost 60% since the downturn are good assets like BTC, ETH, BNB or those in the top 10 coinmarketcap. Because the good assets will increase again after this phase ends.

Maybe some of them had already sold when the market was down yesterday and the brand regretted doing it because they see the price increase again today. I also don't know what crypto assets have fallen by 60% but if those assets are BTC, ETH, BNB, I'm sure those assets will give him more profit and he just needs to wait for that moment to come again. Instead, he should have to buy more those assets again at this point before the price went up further.