So I basically got fomoed. Towards the end of 2017 I saw how high bitcoin skyrocketed and decided to invest in ripple as a test. Less than one week it went up 3x. This made me more ballsy and I put in 11k total in various other alt coins like ripple, ethos, tron, and cardano. After the crash I lost about half of my value just like that. I am frustrated with the experience and wish I would have just put in 1k or something. I wish I could just not invested and went into what I was doing earlier which was just investing the boring and traditional way. Should I wait and hodl or pull out and do something else?
Theres nothing you can do to reverse your situation. You two options:
Option number 1 is to accept that you have already lost the 50% and at this moment you will cut your loss. This option is radical one because the amount you have invested is gone already. But the good thing in here is you learn that trading is not an easy task and next time you will respect that trading is not have always good endings. Also based on experience in order for you to recover your loss you need to hold your portfolio for 5 years. But this doesnt guarantee you that it will reverse.
Option Number 2 is to hold your portfolio and wait to recover your investment. Patience is the key to success in this alternative. 5 years of waiting to be exact with no guarantee that it will reverse.
I prefer option number 1. Now the choice is yours amigo.