Many of us began our #crypto journey in 2021. The year of monumental gains, euphoria, and a prevailing sense of positivity about the industry and its future adoption.
Only to be followed by 2022, the most brutal sell-off many of us have ever experienced. Portfolios were crushed with 65-95% losses, depending on exposure to certain altcoins.
Those who followed a “hodl” and “diamond hands” strategy from 2021 onwards endured catastrophic losses in USD value. If the primary holding was #BTC , the losses have been partially recovered during the first half of 2023.
However, the large majority of altcoins have since retraced the majority of their recovered gains over the summer. Many charts show retracement all the way to the lows during the collapse of FTX.
In short, the past few months have been very brutal for altcoin holders. The losses keep stacking up, with factors such as SEC regulation and economic worries continuing to push assets lower.
So my question is this: are you willing to continue holding altcoins if this downtrend continues in similar fashion to 2022?
Is there a point of losses in which you sell some to retain capital and then buy the dip later on?
Let's know your move in the comment.