This downtrend has been detrimental to my health (mental health). Exactly %70 just now. No lunch money type of money either.
Two possible future for you.
- You can get your capital back 100% if you chose good projects fundamentally. Even if you bought it at all time high, you still can have chance to get it back.
- You will lose more than 70% up to 90% or higher if what you chose are bad projects fundamentally. Because the bear market is just started and has yet found its bottom.
Have we ever experienced this kind of downtrend before?? What's the latest on how long this might last, or if it's even going to recover.
It happens many times. In bear market, altcoins lose more than 95% of their values from all time highs. After the bear market goes away, most of altcoins die.
https://coinmarketcap.com/historical/You check the waves on the chart. think 4'rt is gonna be even higher