Are you feeling scared because the market is moving against you and many authors are promoting doomsday scenarios? Some words to help you better assess the situation:
First: Are you investing money that you need to survive? Or is it money that should be working for you but is not currently doing so? In the first case, you have a big problem - you are dependent on the market, not the other way around. The market doesn't care about you. If you have to close/sell your positions now, you can only see it as a lesson. Don't do it again. But keep reading the second section - no one told you it would sink even deeper!
Was your money the money left over for investments? Things could get better! You just made the mistake of entering at the wrong time. Now for the trick: when is the wrong time? Many people who write here only see certain time frames and not the whole picture. They make judgments based on 1-hour or 4-hour charts, while you might say: "I have time. I expect profits in half a year." We don't even want to talk about errors in estimation here.
What does this mean for your nerves? Remember that crypto trading is risky, set a firm stop loss that you cannot deviate from under any circumstances and wait and see. Yes, the entry point could have been better, those who entered at a better time have more margin and may make more profits or have to liquidate their positions later. But no one said there would be only profits, and you knew it. You probably have “plenty of air” to dive deep for a long time. When you return to the surface, the whales will be eating the krill above you and you may not fish in that area again for a long time.
Second: If you want a different and positive outlook on the market - check out my next posts (maybe subscribe to see the latest ones?) and the last one. Personally, I am far from thinking that it is over, that the market has recently run out of upside potential or that big institutions have launched ETFs just for fun and want to burn a lot of money.
Greetings from the cryptocurrency family!
Do your own research. No financial advice.