Almost all of crypto crashed 20% in an instance today, liquidating a large number of Long traders, I too lost all of my new and year old Long positions.
Reports claim over $1 billion has been liquidated. My share on that was a small amount. I'm now so used to being liquidated that I laugh at large traders loss than lament on mine own. I've decided to stay away from crypto at least a month before even thinking of whether to buy the dip or not.
I lost almost $3,000 in long term trading and this is why trading is one of the hardest to conquer because we are sure that there are winners and losers in certain conditions. For the time being I am not entering the market because the losses are quite large and I will consistently try to make some adjustments to recover those losses in the investment.
Do not engage in trading when you are not ready to lose because it can affect psychology. I myself was quite depressed by the loss but fortunately I did not spend all my capital so I still had the potential to recover it.