Some of the coins I’m holding are now down over 80% , will I see something worse than this?

Just checked my portfolio and some coins are down 70% – 80% from the price I bought. This feeling is similar with the one I had in May 2021 but back then we had so many people calling for lengthening cycle and BTC hitting $100k EOY. I had a small hope back then.

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This year feels a lot worse. Will I see something worse with my portfolio? What happened when I’m down 100% then? Will my coins have zero value? I’m slightly panicking now cos I have never seen them down this bad, probably only 60% and people keep saying “it’ll get worse when it’s down 80%”. It happens now, so what’s next? All of my money worth nothing? This is also the first time in over 15 months that my ADA holding is getting closer to make a loss so it’s definitely different than May crash, a small correction or whatever it was the past year.

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I’m definitely holding them, should I just focus on my life and come back in 2023 or something? I just don’t see anything recover in 2022 after being in downtrend for months. Other markets are experiencing bad day as well so I have no hope. What u guys thinking? Is holding better than selling at such HUGE LOSE atm?

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37 thoughts on “Some of the coins I’m holding are now down over 80% , will I see something worse than this?”

  1. If a coin is down 80% you need it to go up 400% to get back to even.

    If it goes down 90% you need it to go up 900%.

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  2. I think the difference between 2021 and now is that there is nothing in the broader macro environment that indicates a positive outlook for the economy. Supply chain issues, inflation, and the rising interest rates to combat inflation and slow economic growth. Essentially a planned recession to combat inflation. I’m with you on holding and paying minimal attention until 2023. Also plan to DCA small amounts that I can afford once the prices level off.

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  3. If it affects you that much, and you can’t take the psychology of being at a loss, you have 2 choices, sell, or keep it and wait.

    If you don’t want to risk more money, i suggest you to shut down anything related to charts, subreddits, twitters, check again at the end of the year.

    Focus on something less digital, learn something new, workout, get a weight objective, learn cooking. Just something “normal” outside of any investing.

    If you still want to invest, place some limit orders very low and same, leave it. Don’t check, or check once a month.

    The world is not only finance and money. There is heaps of things to do outside of worrying for it.

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  4. Every time you see a crypto price, mentally move the decimal one place to the right, and carry on with your day thinking you are up almost 2X.

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  5. I’d rather hit zero and say I really went for it than sell early at a monumentous loss to try and salvage a few bucks with my tail between my legs.

    Some lessons should sting, and if this is one of those. So be it. I’ll own it when the time comes.

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  6. 1. No coin ever gets to 0. It’s 0,something. 0,0000000001 perhaps.

    2. Historically, coins that lost 99% value almost never came back.

    3. 98-90% a miracle is needed, but possible.

    4. 89% and under is where you’d wanna have your bags.

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  7. At this point I’m down too much to justify selling so I’m just gonna hold and check back in a few months 🤷‍♂️

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  8. I am holding some Japanese sh*tcoin which is down 99.56% in last one year 🤣🤣. Hope this will make you feel better.

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  9. I’ll just say the truth, you will either sell for a loss now or hold some bags for a while, because the next bull run wont start anyTIME soon.

    Edit: typo.

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  10. If you’re asking about historically, the last 72hrs are some of the worst performing in 10 years of crypto history, possibly the worst. So yeah, anything can happen, fear sometimes wins out against greed. Maybe if people involved in the crypto market had more disposable income, we wouldn’t have seen such one-sided sell pressure force prices down. Maybe in 48 hours the dollar will crash, people’s payday will come and we’ll rebound based on a “hoard assets” mentality. Noone can predict.

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  11. It’s likely going to get much worse for the next 6+ months. If you invested in solid projects you just hold and wait. Now is not really the time to forget about crypto though, continuing to DCA through this downturn can make your profits huge when we return to the bull run.

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  12. What worked best in the past is to get out and live your life for 2-3 years. Some of your coins will go to 0. But some will recover greatly.

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  13. This is all probably the true price of crypto. The inflated price is when institutional entities come into place and what you see is after they leave

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  14. During the 2018 market crash my portfolio went from 60k to 2k (so 60k -80% = 12k and I still lost another 80%, 12k -80% = 2.4k and from there I still lost about 20% more lol). Then I made it all back and more in 2021 and sold it all in april 2021. Im doing some DCA in bitcoin only with 30% of that (the other 70% is already in my pocket and I will not invest it back in crypto)

    EDIT: The 60k that I had were unrealized gains though, my initial investment were 1.4k in 2017.

    I went from 1.4k to 60k to 2k to 94k

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  15. wait for 3 more days there will be a bounce in everything from this spike down. Then sell every altcoin you have loss or not. If you have to hold crypto then convert it to bitcoin but all the alts will suffer the exact same fate that all the 2017 alts faced. Obliteration.

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  16. Keep an eye out but don’t make any moves. We’ll drop further then this most likely. If you are in the projects you feel are strong they’ll survive so try not to worry. I’m in a very similar boat and realised I cannot save my portfolio anymore so will just sit back and watch what happens

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  17. i havent sold shit because i lived through 2017 already and still hold a small bag of GNT (the original GLM)

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