I wonder how much people have lost money during this bloodbath which never seems to end. Maybe it will continue until the overall market cap is under 100 billion.
I bought Ethereum for 5000 euro in January when the price was 770 euros, and then for another 10 000 euro when the price was something like 900. I also bought few Litecoins as well. From original 15 000 euro I have only 5000 left now, so i've lost almost 70% for now. I haven't sold anything yet.
ETH supposed to be one of the most stable coins but I really have no idea what I should do anymore. Actually I don't even care anymore if the price of 1 ETH goes to zero and I lose that remaining 5k because I have already lost so freaking much. I even had to put my house on a rent and move back to my parents for the next 1.5 years to recover from these losses if the price does not rise again.
Sorry for opening up but I had to share my story so I can feel a bit better..
Why are you so irresponsible about your budget? If you decide to invest, be it cryptocurrency or any other assets, the first thing you should ask yourself is "am I Ready to lose this money?" Hence the main conclusion-never invest more than the amount you are willing to lose. If 15,000 euros is your entire budget, then invest 10% of that amount, your real life should not be exposed to such risks. And again, you bought at the peak of what can not be done, you should understand that after a rapid growth is a market correction, which can be delayed for a long time. Therefore, I advise you to wait for a new wave of growth and not to sell at a loss.