Holding Steady in a Volatile Crypto Market

Many investors, myself included, have faced significant losses recently, especially with positions outside of Ethereum. My $AXL holdings have halved, and other altcoins have dropped by 30% or more. The question on everyone's mind is: what do we do now?

My advice is to hold:

Cutting losses at this stage is impractical. The market has already experienced significant declines, making a sharp further drop unlikely unless new major negative news emerges. Many of us swapped our BTC and oil for altcoins at their peak in early March, expecting a surge. Instead, we were met with a massive downturn. From their highs in early March, 90% of altcoins have plummeted by 60% to 80%.

We are at a critical juncture, presenting both risk and opportunity. My strategy is to hold firm. This situation reminds me of the BTC drop to 2900, which eventually reversed. ETHFI saw similar declines, yet rebounded. I bet on an increase then, and I’m doing the same now. Success means recovery or even profit; failure means it’s a total loss.

I remain optimistic about the Ethereum ecosystem, especially altcoins like LDO, SSV, PENDLE, $ETHFI , and $UNI . The upcoming ETF decision on July 2 could be a game-changer. If passed, we might see a significant positive movement, leaving no time to buy in at lower prices. Selling at a loss now is premature. Patience is key.

In the volatile world of altcoins, risk is inherent. Having faced the downturn, it's time to await the recovery.

Stay strong and hold tight 💪

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