Before you decide to go away from crypto space simply because we are in a bear market I want you to know that some amazing stuffs was built in the last bear market, our so called Ethereum killers
1. Hedera 2. Solana. 3. Algorand. 4. Avalanche.
These projects came in the bear market, if you walk away now till next btc halving you will be missing a lot of future opportunities.
That does not mean, seeing how a coin is decreasing in value and someone's money worth is decreasing can be very depressing. Assuming you bought the ethereum killer altcoin when the price was very high, like Solana at $250 with $2500 and the price now at $45, that means your money worth has reduced to $450, which is $2050 money loss. What still tell us that the bear market will not last than this and that the price of the coins will not sink down further. What I am thinking to be the best approach is to just wait until another massive fall that people will be so affraid to invest, that will be the best time to invest. And we should always know that holding altcoins is like we are gambling but a very significant bear market will trigger bull run.
Yes, you are right. too confident to buy etherum killer coins in large quantities is also very risky. I also still remember last year when nominex first entered the exchange, the price was still $6 and it continued to fall until it was stuck at $1.45
but there is another possibility too, if the market suddenly rises like what happened 3 years ago. I held eth at $90 and sold it right away because I was afraid the price would go down but who would have thought that etherum could go up to $4,818.87. when you are in a hold position and the price is going down, the feeling will panic and vice versa, if you are in a position to sell all assets and then in a few years the market goes up, then the feeling of regret will always haunt you.
The choice is in your hand