Let begin with this: Crypto has always been a HIGH-RISK operation. If you can’t afford to hold long term, you are in the wrong market.
There are 3 types of “investors” in general (Not only crypto):
1 - Long term.
2 - Short term / Traders
3 - None of the above
If you are long-term, then you are doing wrong, period. Long-term investments usually go for 10 years at least, leaving the market with a few months is just nonsense.
If you a trader, it doesn’t matter to you if the market goes up or down, you can make your thing either way. so no reason to alarm
If you are in the third option you are in the wrong for entering a market you don’t understand/believe expecting a magical ROI. These kind of people are the one that loses money for the other two.
I will say this, i’m in the same position as you since my first buy-in my portfolio lost around 35~40%. But here is what i did:
- I buy my first bitcoin at USD 11K
- I didn’t put all the money at once;
- With the money that was hanging, i could buy at a low price
- If you do an average of the prices, i can sell all my portfolio around BTC/USD at 9K and have a 10% ROI
- Of course, even now i didn’t put all the money in, because the market can go even lower
- I’m making short small bets and making a few dollars a week with those, sometimes losing, sometimes winning, but all with money i already know i can lose 100%
- I’m learning all that i can about investments, crypto, charts and so on
Even if this entire market goes down and i lose 100% that i put in (something that i was already prepared since the beginning because it is a HIGH-RISK operation) i’ll be leaving with a lot of knowledge to do other kinds of investments, my crypto adventures are giving me new skills that i’m already putting to use in other markets.
Unfortunately, a lot of people with low-risk/assured-result profile came to crypto unprepared to the high-risk environment. It’s sad that you lost money, but life is leaning, use it to your advantage, educate yourself so next time you know what to do.