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

[amishmanish]

I will suggest you one thing, keep hodling. The current fall is just as intermittent and such falls are bound to happen as any new tech establishes it self, there are times when the value baloon up exponentially before massive corrections. There is a phase of fast but temporary growth, a fall  and then a slow but stable growth. There are many factors for current fall including but not limited to war and sanctions. Also current operational cots of bitcoin are very high, but believe me in years to come the transaction fees and operational cost will reduce and bitcoin will boom.

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[Issa56]

We all see that bitcoin is down, so all other altcoins are also down, which is normal, have witnessed this kind of dump so many times so I dont really panic that bitcoin is down and other altcoins are also down, I believe the only people that should panic are the newbies but as a professional you should have witnessed this multiple times so you shouldn't panic because we all know the market will bounce back, it might take time before it bounce back but it will definitely bounce back. So the best thing to do now as a trader is to Hold and if you are having extral money you won't be using for now, you can still bag more bitcoin and wait for the bull run. Actually nobody knows when the bull run will come but it will definitely come.

[EdenHazard]

I will suggest you one thing, keep hodling. The current fall is just as intermittent and such falls are bound to happen as any new tech establishes it self, there are times when the value baloon up exponentially before massive corrections. There is a phase of fast but temporary growth, a fall  and then a slow but stable growth. There are many factors for current fall including but not limited to war and sanctions. Also current operational cots of bitcoin are very high, but believe me in years to come the transaction fees and operational cost will reduce and bitcoin will boom.

Yet if you have not a backup money for your daily spending then you might have to sell some.

In most cases ... when the portifolio goes down badly like -70% or so , people tend to losing control and keep putting the whole money in! Until you realized that you have lost your life saving as well in there , irony .
I'd say you might have to wait up to 3 years from now at max to see your investment get back up to where it's belong!

[Bitcoin_Arena]

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

This exactly why you are always told to not invest money you can not afford to lose. Once things go sideways, you are bound to get depressed, which is not good for your health.

One of my portfolios is down by around 50%, but I don't really care about it even if it goes to 99%. The goal is to hold for long term and never accept to sell off at a loss during a bear market. If the price goes up, well and good.

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.

Far worse trends than this have ever happened.

[wiss19]

Hey OP, your account was registered on 2017 and now you are asking if this have occurred before? But, yes this wasn't the first and this won't be the last. The past downtrends are more brutal than what we are seeing lately but we don't know if the downtrend that we are going to experience in the future is now going to be less critical or can be much worst than the previous one's but I can assure you that market can always recover and return to normal.

Just make sure that the coins that you have invested in are really good coins. For now maybe you need to leave your portfolio for a while. Just take a moment to relax. It's good for your mental health you know.

[Newbie.]

Depends on what you wanted to achieve with this portfolio. If this is an ideological HOLD for your favorite coins, then nothing terrible happened, because they have not gone away, but if you wanted to earn money, then you should understand that the risks here are exactly the same as in all investment projects

[kryptqnick]

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.

Op, whether you should worry and what you should do next depends on what's in your portfolio. If these are high-cap popular cryptos, there's a chance they'll recover (especially if it's the top ones like Bitcoin or Ethereum). If they are no-name low-cap coins, there's a chance they'll go up again, but some never do. Overall, I wouldn't be too worried, it just seems that you haven't been around in 2017-2018 when so many of us went through this phase (or perhaps you witnessed it but didn't invest back then). But then it worked out for those who were patient enough to wait and those who invested in strong projects. Some coins didn't fully recover (like XRP), but it wasn't all bad, and some went way up (like BTC and ETH).

[ChiBitCTy]

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.

If your portfolio is down 70% then you aren’t properly invested. Hopefully your entire portfolio isn’t made up of only cryptocurrencies.  A proper portfolio should be well diverse and the exact reasons are clear to see in the current environment where most everything is getting slaughtered but not in the same fashion. Own traditional investments, precious metals and other assets besides just cryptocurrency.

[Sanitough]

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.

No one holds the future so you can't expect correct predictions but only speculations. However, if you trace back the history of the market movement, bears and bulls will always be the cycle, so there's always hope for the market to recover, as well as your portfolio. Just never attempt to sell your coins and stay hodling, otherwise you will be facing a huge loss. Forget about the current downtrend, what's more important is that you have taken advantage of the market by accumulating more bitcoin to fill in your portfolio.

[m_nief]

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.

[Ale88]

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 long have you been in the crypto game? This bear market until now it's not even that bad, years ago we had a way way worse bear market that laster years, if you can't handle it right now maybe it's better that you take a little time off the crypto for your health because things could get even worse.

[Argoo]

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 long have you been in the crypto game? This bear market until now it's not even that bad, years ago we had a way way worse bear market that laster years, if you can't handle it right now maybe it's better that you take a little time off the crypto for your health because things could get even worse.

Yes, it is quite possible that this is not the price bottom yet. There are forecasts that the cryptocurrency can also fall by about 40-50 percent even longer. There was already a similar drop in the first half of 2018. But then the bearish period lasted one and a half to two years. I don't think it will happen again. I think that in the autumn the cryptocurrency will gradually recover and will continue to grow. But summer will still be about the same. But in any case, it should be remembered that the cryptocurrency market develops cyclically and a big drop will be followed by a big rise.

[sunsilk]

It happened on 2018 when the market too low and dropped a lot which had made a lot of people too wary about the market condition by that time.

This time, it's the same and you're likely in the same shoe just like everybody else on that particular bear market. If you're holding bitcoin, you need to be patient and avoid unnecessary purchase with altcoins that do not have the potential because it will potentially add losses.

[OgNasty]

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.

It is not uncommon for crypto assets to experience a 90% downturn.  It's happened before and it will likely happen again.  Just don't double down or do anything crazy like take loans to try and catch the bottom.  It is quite possible this market too experiences a 90% drop, and if so there's still a long way down from 70%...  Brace yourself if you're going to hold, but make sure you're committed.  If you hold for a while only to sell the absolute bottom when it hits, you won't be doing yourself any favors.  That's why they say to only invest what you can afford to lose, that way you'll ride out the bottom.

[Piratte]

I will suggest you one thing, keep hodling. The current fall is just as intermittent and such falls are bound to happen as any new tech establishes it self, there are times when the value baloon up exponentially before massive corrections. There is a phase of fast but temporary growth, a fall  and then a slow but stable growth. There are many factors for current fall including but not limited to war and sanctions. Also current operational cots of bitcoin are very high, but believe me in years to come the transaction fees and operational cost will reduce and bitcoin will boom.

Yet if you have not a backup money for your daily spending then you might have to sell some.

In most cases ... when the portifolio goes down badly like -70% or so , people tend to losing control and keep putting the whole money in! Until you realized that you have lost your life saving as well in there , irony .
I'd say you might have to wait up to 3 years from now at max to see your investment get back up to where it's belong!

sad but true

2 years ago I lost 90% of my money. tnx covid and ethup

[BITCOIN4X]

It happened on 2018 when the market too low and dropped a lot which had made a lot of people too wary about the market condition by that time.

This time, it's the same and you're likely in the same shoe just like everybody else on that particular bear market. If you're holding bitcoin, you need to be patient and avoid unnecessary purchase with altcoins that do not have the potential because it will potentially add losses.

I think it's still safe to ask him to hold for the long term without selling anything if the OP only has bitcoin in his portfolio. But if he has a non-potential altcoin then I'm not sure if a long-term hold will bring it all back for him later. Obviously bitcoin has great potential to score new ATH in the future so the best advice for that is to hold it.

I can think that the OP's losses are cumulative from the altcoin and bitcoin because it looks like the OP would never have lost that much if he had only bought bitcoin on ATH last year. Nonetheless, I think hold is the best advice for him right now especially if the altcoin he owns have good potential to come back at the highest price.

[Ale88]

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 long have you been in the crypto game? This bear market until now it's not even that bad, years ago we had a way way worse bear market that laster years, if you can't handle it right now maybe it's better that you take a little time off the crypto for your health because things could get even worse.

Yes, it is quite possible that this is not the price bottom yet. There are forecasts that the cryptocurrency can also fall by about 40-50 percent even longer. There was already a similar drop in the first half of 2018. But then the bearish period lasted one and a half to two years. I don't think it will happen again. I think that in the autumn the cryptocurrency will gradually recover and will continue to grow. But summer will still be about the same. But in any case, it should be remembered that the cryptocurrency market develops cyclically and a big drop will be followed by a big rise.

Let's say that another 50% dump would mean BTC around $15k, and it also means going below the previous ATH, and that's something that, for the moment, never happened in bitcoin's short history. Personally I hope we won't go below $25k, otherwise even some big players would be in troubles.

[Kasabus]

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.

This is just the beginning, you will still experience more decline in your portfolio when the  market turns more bearish so be ready for that. However, this is what all smart investors have been waiting to come, to take advantage of the current bear market and buy more bitcoin while they are not yet recovering. Otherwise, you will never enjoy the bear market and lose the chance to build your wealth in your portfolio. As no one knows how long this bear market will be, i think its best to just enjoy doing DCA until you ran out of your funds allocated for your investments.

[Dr.Osh]

I don't know if it's the same or not, but we've fallen from high prices to low prices in 2018. It also makes a lot of people mentally ill. however, I also feel the same way. although the decline in the price of my assets from 2021 is tiered, however, if I count them, maybe my assets have decreased by more than 80%. however, it was a mistake I made when I still had a high asset value by the time bitcoin hit its ATH, but I assumed that there would be a better price. Well, but this is the risk of investing in crypto.

[sunsilk]

It happened on 2018 when the market too low and dropped a lot which had made a lot of people too wary about the market condition by that time.

This time, it's the same and you're likely in the same shoe just like everybody else on that particular bear market. If you're holding bitcoin, you need to be patient and avoid unnecessary purchase with altcoins that do not have the potential because it will potentially add losses.

I think it's still safe to ask him to hold for the long term without selling anything if the OP only has bitcoin in his portfolio. But if he has a non-potential altcoin then I'm not sure if a long-term hold will bring it all back for him later. Obviously bitcoin has great potential to score new ATH in the future so the best advice for that is to hold it.

I can think that the OP's losses are cumulative from the altcoin and bitcoin because it looks like the OP would never have lost that much if he had only bought bitcoin on ATH last year. Nonetheless, I think hold is the best advice for him right now especially if the altcoin he owns have good potential to come back at the highest price.

We all do have the same opinion about bitcoin's future and it's possible that it will reach another ATH because that's what we've seen in the past. It won't be stopping to the last ATH that it did and it shall be greater than what it has reached.

And when it does, those who have prepared and held for a long time hoping for the comeback of bitcoin together with their holdings, they'll all be winners and so are we.

Just don't sell at losses and if you're too patient, you don't need to do anything but only hold.