Quote from: maartenhaha on Today at 03:07:09 PM

Quote from: FloridaKid on Today at 08:10:11 AM

What do you think is the perfect time to build a new portfolio? Bear market cycle can take 2-3years some times is it wise to build portfolio right after bear market takes over? Judging from past years coins and tokens loses 95% of their value but not in an instant it was a gradual process, I think same thing will happen

Most likely the decline will repeat itself if the market trending market can't hold the $40k position, the current drop is almost half of ATH so another 30% is the next downside flow, when market downturn situation occurs it's better to cut loss and avoid holding in coins not potential because the price will fall will be difficult for price recovery.

If we decline to -50% of the last all time high, then definitely we are indeed in a bear market.
So it's like $34k-$34,500 if I'm not mistaken, and we are in the brink of hitting that as well with the current decline. And it's a scary thought that just about 2 months ago we are in a all time high and move forward at the start of the year, we are already taking a beating with almost half of that price already slice up.