It has been a brutal few weeks for altcoins and being 100% altcoins it has hit my portfolio hard.
My portfolio is still +62% despite this big correction but it was +180% back in December.
Do we think altcoins are going to recover as quick as they crashed?
I feel we just need some good news back in the market as it has been feeling like a bear market recently.
Yes now cryptocurrency market is down. From few days we are seeing bitcoin and another altcoin price decreasing gradually. Till now my portfolio decrease near about 50%. I think it is a big price correction for bitcoin and others Altcoins. Near future it will back i think. If Ukraine Russia war end soon then world economy will positive even cryptocurrency market will positive there has no doubt. And then Altcoin will recover i think.
Although the cryptocurrency market is in a recession, the altcoin market is in the worst recession at the moment. I don't know if the altcoin market will be able to recover with Bitcoin in the future due to the recession it is in. It is very worrying for you that your portfolio has decreased by 50%. But can I ask you which altcoins you have invested in? If you have invested in the best altcoins, there will be a possibility of recovery, but if you have invested in shitcoins, I don't know if you can recover. However, we all have to be careful about investing in altcoins and if you invest, I think it would be better to invest 100% in Bitcoin.