Post
Topic
Board Bitcoin Discussion
Re: So my portfolio is down %70...too late to pull back now I guess
by
mindrust
on 27/05/2022, 15:22:18 UTC
This downtrend has been detrimental to my health (mental health). Exactly %70 just now. No lunch money type of money either.

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.


Are you mostly in alts? Because if you are, then your pain and suffering might have only begun. Bitcoin came back from every major crash happened before but alts don't share the same luck. Look at Litecoin for example, almost 10 years ago ltc made an ATH at $50 and then went to $3. Now LTC is trading at $65-75. Yes it went to $400 but it don't look like it will go back there any time soon. LTC btw is one of the lucky coins out there. There are hundreds of others which just collapsed to zero and never revived again.