Im 80% bitcoin, 20% alts. Most of those 20% alts were bought with bitcoin when I thought the Satoshi level was low. Little did I know it would go A LOT lower. That 20% is Litecoin, Ethereum, Cardano and Ripple.
Since Ive seen their Satoshi prices cut in half...every day I think I should cut my losses.
But then I look at the charts and, especially Cardano, Im not sure how much lower it can go. Then again...who knows. It could go much further down from here.
Fortunately for you most of your investment is in bitcoin so your losses cannot be all that big, however the moment to cut your losses was weeks or even months ago, right now it will be a mistake to sell when the price of altcoins is close to the bottom, if you can it could be a good idea to average your losses, this strategy can be effective for you because you invested in good coins that will recover if you give them enough time, so keep holding your coins and wait until their prices get better since that is the only thing you can do at the moment.