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

[noorman0]

If you analyze a 4 year cycle (based on the bitcoin halving), this trend is just routine and will inevitably experience a price bounce. Likewise, the top altcoins which are usually influenced by bitcoin prices will experience the same trend.
But here I'm not talking about altcoins (or alttokens) that grow based on hype, looking at the fact in the last 5 years maybe 90% of them have failed to recover.

Another note, there will always be regret in every price trend, even if you make a profit from it. But what can you contend with when faced with the discontent that inevitably clings to the ego? What they really want is to buy at the bottom and sell at the top

[GreatArkansas]

But here I'm not talking about altcoins (or alttokens) that grow based on hype, looking at the fact in the last 5 years maybe 90% of them have failed to recover.
(....)

OP must make a decision here, I am afraid that OP invested in some altcoins that started during this season or pure hype and lost their value in just a short period of time.
OP can convert their altcoins to some high market cap altcoins or even in Bitcoin because if the market will recover I believe some altcoins will not or the percentage is small compared to other altcoins/Bitcoin. I realized this last bull run and a bear market.

[tbct_mt2]

If you analyze a 4 year cycle (based on the bitcoin halving), this trend is just routine and will inevitably experience a price bounce. Likewise, the top altcoins which are usually influenced by bitcoin prices will experience the same trend.
But here I'm not talking about altcoins (or alttokens) that grow based on hype, looking at the fact in the last 5 years maybe 90% of them have failed to recover.

Market has its cycle that will be repeated. People have their basic instinct that they mostly don't change. So winners will be winners and losers will be losers now and in future cycles. Because most of losers don't change. They only can become winners in future cycles if they are able to change themselves.

Another note, there will always be regret in every price trend, even if you make a profit from it. But what can you contend with when faced with the discontent that inevitably clings to the ego? What they really want is to buy at the bottom and sell at the top

Market has many opportunities and cryptocurrency is here to stay. It will mature more with time so you don't have to be fearful that it will die next year and no more opportunity for you. Let's get rid of such non sense fear.

When you don't fear of missing out, you will be safe and you will have other opportunities to take at better entries.

[Darker45]

Not only did we experience this kind of downtrend before, we experienced much much worse than this. As per Coingecko, Bitcoin's price right now is only 57.3% less than the ATH. And the ATH was reached just 6 months ago. Surely, you didn't buy during the ATH so your portfolio must have registered a much lower paper loss. The 2018 bear season, in this regard, is much worse. Furthermore, the bear season right now has only been running for a few months. Again, the 2018 bear season was much worse.

I'm sorry that the market has caused you certain health issues. But I must tell you that quitting at this point might not be worth it. There's no point telling you that you should have known better, that you should have sufficiently informed yourself of what you're getting into. So for now, this is the kind of market you are in, stay strong and HODL. I think that's better than accepting your loss and sell.

[UmerIdrees]

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.

Lunch money? Did you invest your money in crypto which you needed on daily basis? It's always emphasized here that invest only which you have spare with you so that you have the power of holding in bear times.

What was your buying price? Its hard to see bitcoin pumping back to 40k-50K level any time soon as it is struggling to maintain the support of 30K ? You never know if you may see bitcoin between 15-25K during the fourth quarter of 2022.

[NotATether]

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.

BTC went down by about 200-300% in early 2018. And even that was just a temporary phase.

I'm not quite sure how your portfolio lost 70% unless maybe you bought when BTC was at $60K or somewhere around that. Because from the normal $48K prices, the total loss is actually just around 35%.

At any rate, talking about percentage figures will just make you more anxious if you're in this kind of state right now. My advice is to just forget about it all for the next few weeks. It's very bad for your health to keep it focused on the stock market, particularly the downs. So just take a break from looking at the prices.

[South Park]

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.

Since you are down 70% I suppose that you have invested in something else other than bitcoin or you are not just holding and you are trading as well, but whatever the case we have seen even more dramatic crashes in the past, what you need to do is to rethink your strategy, if you were holding altcoins for the long term the first question that comes to my mind is why did you do that? Altcoins are to be traded but not to be held for the long term, and if you are only holding bitcoin then maybe holding is not for you as you are not able to endure such losses and trading could be a better option for you.

[Hamphser]

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.

How many times if we do base up on lots of years I've been here on this market which lots of downs and ups that I'm able to experience .Yeah it's normal to freak out but you should put up into your mind that as long you don't  sell then those coins won't be having materialized losses which means that you would really be still having that chance for you to recover.

Try to use DCA system if you do have the money to invest on which it could really take advantage of the drop and make profits instead on the time where market starts to recover.

[hyudien]

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.

Along with the celebration of Bitcoin Pizza, it looks like the market is showing its existence again. Whether it's true or not about the relationship but I'm still very optimistic that it will stay above the line of support giving us a little bit of room to breathe. In the midst of unstable market conditions, altcoins are not an option. So the power to make big profits is in Bitcoin.

[cheezcarls]

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 feel you. I’ve started getting serious into cryptocurrency in late 2017. And as of now, I am no stranger when it comes for my portfolio to get dipped for a long time (and mostly even got rugged and abandoned plus making poor decisions of being greedy rather than taking profit early in altcoins). I am getting used to it, except the one day that I was hacked $12k due to a malware that I have accidentally clicked over a month ago.

The worst downtrend I have ever experienced was in 2018 because I had a lot of good assets there that I have hold but got dipped much harder and I was so greedy holding and believing that it would recover, but it didn’t. Lesson learned indeed.

[Ziskinberg]

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

Then it is a need for you to skip some days of not checking your portfolio in order to keep you healthy.
Whar you have experience, is also what the most had experiencing this time. However, they are able to understand the market condition and accept the challenge.

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.

Those who know crypto and being here a decade before, they'll exactly have the experience of this and had witnessed the recovery of the market.
The market had follow the market cycle, bear market- bull market, and vice versa.  We are certainly expecting prices to roll up high again.

[uelque]

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 market will soon be okay and we are all sure of that, it's just that we really don't know when. And don't worry that much about the loss you are experiencing right now because you are not alone. As long as we are holding or we have invested in good coins or coins that somehow have the potential to become big then we are safe. Once the market goes back, everything will be fine. We just have to keep on holding and be more patient. This kind of downtrend already happened before so nothing is new anymore.

[maydna]

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.

Almost all of us are experiencing this downturn because that's what's happening in the crypto market. Don't complain but be patient because this is only temporary, and the situation will definitely change and get better again. We have often experienced downtrends like now, and we continue to be patient while waiting. I hope you can be patient and wait too.

We will not know how long this can last but what is clear, a rising market will replace the market downturn, and at that time, we can get big profits again.

[Anonylz]

If your wallet is 100% btc I don't you should worry much even with -70% down because you already know the strength and performance of btc. However, is this portfolio is mostly alts, well there is a need to worry because most alts that were launched last year haven't experienced any bear market so it is very likely majority won't survive this bear market except for those who truly stand out.
You should probably get an offline if you don't already to support you through this hard times.

[Mauser]

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.

Sorry to hear you are down so much. It's hard to give advise without knowing your exact position. What kind of coins are you holding? In general I would not sell coins if they are down so much. Only if the coin is a scam and will be worthless soon I would sell, otherwise I would hold it and sit out the dip. But since you are already suffering mental health issues you need to take a break from cryptos. I hope you only invested money you don't need at the moment. So my advise would be, forget about your crypto portfolio. Take a break for 6 months, stop checking prices and your portfolio values. Come back at the end of the year and reevaluate things.

[Lucius]

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

You made a few mistakes when you invested in cryptocurrencies :

• Never invest what you are not ready to lose, which means not gambling with money for lunch or food for your child.
• First get well acquainted with what you are investing in, do not invest blindly because sooner or later you will fall into a hole from which you will find it difficult to get out.
• Never buy during the bull market with the intention of a long-term investment, it is completely wrong and you could have learned it from history.

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.

No one can tell you how long this crypto winter will last, although many predict we haven't reached the bottom yet. If nothing else, we all know that in 2 years there will be a new halving - and so far it has proven to be a starting point for a bull run. The market will recover one day, the question is do you have the patience not to sell by then.

[KaliLinux]

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 wouldn't worry much because the market has witnessed this before and as far as you have invested in good projects and not shitcoins, I believe you should be good even if it will take years. Just stop looking at your wallet every time so that you don't give yourself a heart attack.

[pawanjain]

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.

You will never get to know how long this might last because nobody can accurately predict it. It's all just a speculation.
We have experienced even worse crashes than the current one and it was not very far from now.
Just after the ICO hype in 2017 we experienced a bearish trend in 2018 where bitcoin went down from around $19k to $3k.
That is almost 83% drop in price. So we are still at a better place and don't worry because things will get better sooner or later.

[TribalBob]

I think yes you are too late to withdraw your assets if it reaches 70%, but I think this is a cycle of crypto itself, let's say you are saving for the long term, because the market will recover slowly if it is not always attacked by fud from hating countries bitcoin et al

[Nrcewker]

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.

Every asset’s price has the equal risk of going down, if it goes up for some period of time.
Same happen with Bitcoins also. It is very much normal.
All the hardcore Bitcoin investors are happy seeing this, as they are getting another chance to buy as much as Bitcoins as they want.
And I don’t get you OP regarding the “lunch” thing you mentioned. Does that mean you don’t have enough money to buy you a lunch?
Then I would really say you a fool, who don’t know how to manage his finances.
Invest what you can afford to lose and invest only when your necessity is complete.

At last I would say, don’t lose hope on Bitcoins, wait for some more time and enjoy the profit.