some portfolios may drive in to 70% loss. but do not sell please hodl.
you know if you tell this to a financial expert they will most probably have a heart attack either because of the shock or because they will fall on the floor bursting with laughter.
you are basically telling people to lose almost all their investment and continue losing more and do nothing about it!!! do you honestly think that is a wise choice?
it is no secret that i think altcoins are shitcoins, it is clear from my post history but lets assume they are the best thing in the wold all all of them will be worth $1 million one day. that still won't justify holding them while they are getting dumped and while you are losing something like 70% to 90% of your investment!
you must sell when there is a dump going on to prevent your investment, then invest back at the bottom IF you really think they will rise back upI think holding and patience is the best way. Because we don't know what happened in the coming year.
Maybe investors experience losses of up to 70% but I will still hold it. Because I know this is the risk of investing in crypto with volatile prices. And I invest not using my daily needs but using the rest of my money so I don't feel loss. Maybe I think you are investing using your daily money needs so that when you dump you panic and sell after that buy again.
For me to sell when dumping 70% and buying again at a cheap price is not the best way. Because you entered the same hole.