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

[nur rochid]

at the time of 2018 at least similar to current events, where bitcoin experienced a significant decline so that various fud news emerged, and made many people stressed because of it. but after that bitcoin can rise from adversity and make people believe in it again. Of course, from the previous lesson, we can take the lesson that the current situation is certainly easier to deal with than in the past, because now many people have been trained with better cryptocurrency knowledge.

[1715088290]

1715088290

[Cryptmuster]

at the time of 2018 at least similar to current events, where bitcoin experienced a significant decline so that various fud news emerged, and made many people stressed because of it. but after that bitcoin can rise from adversity and make people believe in it again. Of course, from the previous lesson, we can take the lesson that the current situation is certainly easier to deal with than in the past, because now many people have been trained with better cryptocurrency knowledge.

Many, just like in 2018, remain with their coins, there are those who were waiting for the alt season, but did not wait, there are those who invest for the long term and are waiting for the price they need. I didn’t sell my bitcoins, I still have them, but I sold all my altcoins and now I’m waiting in stablecoins to see what happens next. I will wait until I see a clear market reversal, then I will buy. It is difficult to say whether it makes sense to sell to those who have not yet sold, the market has already fallen heavily, but I do not exclude its further fall.

[Easteregg69]

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/

You check the waves on the chart. think 4'rt is gonna be even higher

[lixer]

Your portfolio down until 70% better keep hold it and waiting time take recovery or make cut loss when your portfolio down under 40% or 30%. Still the same with you I got down portfolio and have been 1 years waiting when price going up, but my portfolio down under 40% and have take recovery last several months, but sadness not selling my altcoin until get down again and loss opportunity to get back my capital. I think not have to worried if you hold potential coin your portfolio will back to the top price, keep hope and don't forget pray every time get back your altcoin holding reach higher price.

Holding it will be a very hard thing when you are down that much but people need to learn this. I mean I am down 50% as well, and that is not a problem for me, well I am actually up and not down, but I am 50% down from my peak portfolio which is why I do not believe that this would be any difference to me.

I hope that people would learn how to hold, but if they are holding something like Luna then we shouldn't say that they should hold and it will recover, holding could be still done in that case but it will probably not recover. So, it is going to be something that would be difficult, both keep holding it but first you need to learn to pick something decent.

[serjent05]

Your portfolio down until 70% better keep hold it and waiting time take recovery or make cut loss when your portfolio down under 40% or 30%. Still the same with you I got down portfolio and have been 1 years waiting when price going up, but my portfolio down under 40% and have take recovery last several months, but sadness not selling my altcoin until get down again and loss opportunity to get back my capital. I think not have to worried if you hold potential coin your portfolio will back to the top price, keep hope and don't forget pray every time get back your altcoin holding reach higher price.

Holding it will be a very hard thing when you are down that much but people need to learn this.

Selling it at a 50% loss is way much harder.  Remember holders never lose something until he sells.

I hope that people would learn how to hold, but if they are holding something like Luna then we shouldn't say that they should hold and it will recover, holding could be still done in that case but it will probably not recover. So, it is going to be something that would be difficult, both keep holding it but first you need to learn to pick something decent.

To learn how to hold need strong faith in the BTC.  Having all the knowledge in the crypto world won't let you hold unless you have a strong belief in the BTC market.

Many, just like in 2018, remain with their coins, there are those who were waiting for the alt season,

It looks like alt season won't come this semester, worst, this year.

[mindrust]

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.

Are you mostly in alts? Because if you are, then your pain and suffering might have only begun. Bitcoin came back from every major crash happened before but alts don't share the same luck. Look at Litecoin for example, almost 10 years ago ltc made an ATH at $50 and then went to $3. Now LTC is trading at $65-75. Yes it went to $400 but it don't look like it will go back there any time soon. LTC btw is one of the lucky coins out there. There are hundreds of others which just collapsed to zero and never revived again.

[xSkylarx]

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.

Are you mostly in alts? Because if you are, then your pain and suffering might have only begun. Bitcoin came back from every major crash happened before but alts don't share the same luck.

I believe that he is focusing most of his attention on alternative cryptocurrencies because his portfolio drop a lot. As you may already be aware, most of those alternative cryptocurrencies are having trouble regaining their previous prices, or doing so will take several years or even longer like ETH. Additionally, I won't say the current market situation as a bitcoin crash because it is not a crash; rather, BTC is in downtrend. This takes place every year without fail. You probably remember when Bitcoin reached $20,000; after a few months of that, it dropped quite a bit, but what happens after that? It created a new ATH.

[alisonwonder]

Are you mostly in alts? Because if you are, then your pain and suffering might have only begun. Bitcoin came back from every major crash happened before but alts don't share the same luck.

If the portfolio is filled with altcoins it will hurt when the market drops lower, but if you own most of the top bitcoins and altcoins then there is no need to worry too much, because once the market recovers the losses will likely recover. So the fact of recovery is guaranteed for Bitcoin because without an increase from Bitcoin there is no hope of a recovery at its previous price.

[carlfebz2]

Are you mostly in alts? Because if you are, then your pain and suffering might have only begun. Bitcoin came back from every major crash happened before but alts don't share the same luck.

If the portfolio is filled with altcoins it will hurt when the market drops lower, but if you own most of the top bitcoins and altcoins then there is no need to worry too much, because once the market recovers the losses will likely recover. So the fact of recovery is guaranteed for Bitcoin because without an increase from Bitcoin there is no hope of a recovery at its previous price.

Doesn't matter if we hold top coins or not,yet we are always pertaining about USD value which we do sees most of the time or being mindful or watchful with it because whenever we do see some declined then we do really start up to worry.

As long you don't sell then you won't lose something that's why self control and emotion handling will really be that crucial because if you don't then you would really able to experience losses which is something that very common to happen due to bad acts.

[m2017]

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 need to focus on something else so as not to harm your mental health anymore. Life is not limited to just observing the exchange rates and the crypto market. In any case, you still can't influence the downtrend in any way, and even more so the price of cryptocurrencies. From your close observation of the price charts on the coinmarketcap, you will not trigger a bullish trend. Also, stop thinking about your losses. It's are not real, as long as you control yourself and don't sell your assets. The duration of this trend may turn out to be a year, but two, but certainly not 5 years. Assume that this will most likely last more than one week and more than one month, therefore, be patient.

[Ultegra134]

Due to the Terra incident a few weeks ago, I woke up one day my wallet had lost over 40% of its value because of the depegging of UST. I had my money on staking and could never imagine that it would result in such a loss. Fortunately, I was able to recover most of it, since it came to $1, but still lost a decent sum of money for my own standards.

On the other hand, my Bitcoin has lost over 50% of its value, but I'm not that worried, because I'm aiming long-term and not planning to cashout anytime soon.

[AmoreJaz]

Due to the Terra incident a few weeks ago, I woke up one day my wallet had lost over 40% of its value because of the depegging of UST. I had my money on staking and could never had imagined that it would result in such a loss. Fortunately, I was able to recover most of it, since it came to $1, but still lost a decent sum of money for my own standards.

On the other hand, my Bitcoin has lost over 50% of its value, but I'm not that worried, because I'm aiming long-term and not planning to cashout anytime soon.

if you're not cashing out yet with btc, you will not incur losses yet. because the likelihood of bouncing back is just around the corner. however, the situation is different when you talk about the LUNA scenario.
so if the OP has large percentage of btc in his portfolio, he may be down today but it doesn't mean he already incurred losses if he has not sold it yet. if you're holding, then, you have the chance to get your target profits when the market goes bullish again.

[Gyfts]

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.

Your portfolio isn't down anything until you sell. Rule number one of investing: losses are not losses until you realize them by selling.

The market will recover, it always will. Panic selling or selling out of depression to cover your losses at a time when all the markets are down is foolish. The only circumstance in which you should liquidate any asset is if you're in desperate need of funds to cover immediate expenses. At that point, I'd argue that you've invested too much into the market if you don't have enough cash left over without forcing yourself to take funds out of the market. Unfortunately I saw this with COVID. People lost their jobs and were forced to pull their funds out in a crashed market because they didn't have any income. Hopefully you're not in this same predicament.

Point being, HODL.

[coolcoinz]

Traders and investors will tell you that it doesn't work like that. You take a loss whenever your asset goes down in value, you just don't accept this it but cannot deny that it is there. You can see it being down 20% and think that you'll wait for recovery, but what if this recovery takes 10 years? You will be at a loss the whole time even if you won't accept it, it will be like your money's frozen. You won;t be able to use it because using it would mean accepting the loss and selling at this new low price.

Don't worry though. throughout my time in Bitcoin i was at a loss in my first bear market in 2016 but i took it like a man and held. Then we had that drop in 2020 and I was at a loss again, but I held. There's almost no way that we're going to revisit 2020 lows ever again. Just think of the worst and be ready for it. 20k this year? Bring it on. Once we reach the lows there will be only higher prices from that point.

[Ultegra134]

Due to the Terra incident a few weeks ago, I woke up one day my wallet had lost over 40% of its value because of the depegging of UST. I had my money on staking and could never had imagined that it would result in such a loss. Fortunately, I was able to recover most of it, since it came to $1, but still lost a decent sum of money for my own standards.

On the other hand, my Bitcoin has lost over 50% of its value, but I'm not that worried, because I'm aiming long-term and not planning to cashout anytime soon.

if you're not cashing out yet with btc, you will not incur losses yet. because the likelihood of bouncing back is just around the corner. however, the situation is different when you talk about the LUNA scenario.
so if the OP has large percentage of btc in his portfolio, he may be down today but it doesn't mean he already incurred losses if he has not sold it yet. if you're holding, then, you have the chance to get your target profits when the market goes bullish again.

Yeah, I'm not converting my Bitcoin, I'll hold till the market recovers, and then I'll reconsider what to do with it. I mentioned the Terra incident as an example, where me and plenty of others were forced to take a loss, it was inevitable. With Bitcoin though, it's a completely different story, since I'm pretty confident that it will recover in the next 1-2 upcoming years.

[mia_houston]

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 current downtrend is indeed quite severe if we compare it with what has happened in recent years, the strong hammer on bitcoin prices has made various investment assets we have experience a price decline of more than 50%, I think you're not the only one experiencing a decline in portfolio estimates right now, but for those who have been holding bitcoin and altcoins of course experiencing the same thing and maybe even altcoin holders like terra are the ones who feel the most affected by the current decline, while maybe for BTC holders, they still have greater confidence because many of them hold for the long term.

[Marvell1]

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.

When the market goes down, it's best not to check your portfolio constantly. That will not improve our spirits but only make us feel worse and will make wrong decisions. The market grows sharply and then plummets, so to speak, this is how the cryptocurrency works that the OP should get used to and adapt to it if the OP wants to continue to exist in this market.

Not just you, I guess everyone here our portfolio is falling but very few people have to worry about because everyone knows the market will recover and we won't lose anything if we haven't sell your property.

[isaac_clarke22]

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.

Considering that you had registered in this forum for almost 5 years, you should be aware that downtrend for Bitcoin when it was down to around 4k-ish after it attempted to reach 20k the same year (2017).
Knowing that it affects your mental health, you should stop worrying too much about crypto for now. Believe me, it is like a snowball waiting to grow if you keep thinking about it now that we're talking about mental health.
Source: Been there mid-2018.

[niceli]

It is clear that people will always look for a way to get out when they are losing, instead of getting in even further more. I personally believe that the drops are not the times to get out, it is not "too late to pull back", because it is not a time to pull back. I always believed that anyone who chased these crashes and found them and invested right when the drop happens, that means that they could end up making a profit when it goes up. Just chase %50 drops and x5+ increases, thats it, and you are going to end up being super rich.

[kryptocanon]

Of course 2018 was much worser than what we've experienced so far thus year. And to answer your question @OP - it's indeed late to pull back now, we just need go sit back and relax and of course make sensible use of the bear market to bag up more.