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

[9thsky]

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.

[bittraffic]

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.

[DaveF]

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

[hyudien]

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.

[The Cryptovator]

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.

[Charles-Tim]

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.

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.

[Fortify]

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.

[TheNineClub]

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.

[coolcoinz]

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.

[Rengga Jati]

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  
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

[AmoreJaz]

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 
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.

[lalabotax]

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.

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.

[Baofeng]

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'm sorry to hear about your health though and hopefully you can recover. Not sure when you enter you, maybe it was about the end of bull run?

As for me, yeah, seen the last bull run in 2017 and then the subsequent bear market that followed, 2018-2020 and it was really hard. Nevertheless it has bounce back late 2020-2021. So that's kinda what the trend is, bears/bulls. So right now we are in a bear market so again, another difficult and painful period, but we should stay resilience and have the patience to be in the market still despite the price of bitcoin and the rest of the crypto are falling hard.

[taufik123]

In the crypto world, a downtrend as it is today has become commonplace for old crypto users, even this is still incomparable to the past downtrend.
If you enter crypto, you must be prepared with strong psychology, because price fluctuations will be faster, the risk is the responsibility of each.
If we lose up to %70 then hold on and don't sell cheap, you really have to have some spare money. there is a time when the market will return to normal and bullrun, that's for sure.

[DoublerHunter]

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.

^Yes, and much worst than this.
A downtrend is very normal in the crypto space but as long as you did not execute selling your amount of BTC will remain the same and nothing will change, for example, if you own 1 BTC it will remain 1 BTC if you did not sell it. Just keep holding your coin until the market will resist because for us, this is just a market correction that anytime the market will grow.

[Viscore]

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.

You should have known the market before you start investing because what we have right now is just a repetition of the past bear market conditions. Whether you invest in bitcoin or in any good altcoins, the moment bear market turns in, its normal to see our portfolio losing that much. However, the market will not be like this for years. Things will come back to normal again when we start receiving positive news that will bring its momentum and boost the market value again.

[teosanru]

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.

One thing I have learnt in trading is that it is never too late to get in and never too late to pull back. Market is entirely unpredictable you might see another 70% downfall from this point or you might get even see an 100% uptrend from this point both the things are very much possible, we have experienced many worse downfalls than this and market has recovered from them every single time it will always recover in future as well. But yes it might go even down so you are losing an opportunity to sell high today and buy cheap later by mitigating the risk of price recovering from here only.

[btc_angela]

Yeah, I guess it's too late, 70% down? might take risk here and choose to let my coins sit in my wallet and 'hope' for the next bull run to happen (although it might take 2 years for it).

And just like the rest of us, I'm a 2017 baby here in the community, so I have seen the bull run and then the bear market that followed. And I did survived although it really did test my capacity as a trader or investor in this market. There are times that I wanted to quit and sell off my bitcoin at a loss, but I did try to control and eventually made good profits last year. So the OP might be going to the same emotions that why his health has been affected too (same with me but I just keep a positive thoughts that eventually my investors will recover).

[Oceat]

This is the right time to think of how to buy the dip and not on how to sell low because we can't help it when the market is in bearish already. All we have to do is to HODL instead of panic selling no matter what or how much down your portfolio is and I hope someone should not make the same mistake others made already in the past. Just think this as an opportunity to buy Bitcoin in lower prices than thinking how to make profit when the market is declining.

Make the decision already or lose everything you have work for in a minute.

[tbct_mt2]

This downtrend has been detrimental to my health (mental health). Exactly %70 just now. No lunch money type of money either.

Two possible future for you.
- You can get your capital back 100% if you chose good projects fundamentally. Even if you bought it at all time high, you still can have chance to get it back.
- You will lose more than 70% up to 90% or higher if what you chose are bad projects fundamentally. Because the bear market is just started and has yet found its bottom.

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.

It happens many times. In bear market, altcoins lose more than 95% of their values from all time highs. After the bear market goes away, most of altcoins die.

https://coinmarketcap.com/historical/