I bought at the top and now I'm down 50%. Will it recover? I'm torn between cutting my losses or just holding on. ㅠㅠ
If you cut your losses now, it's hard to find another place to put the money. If you have the confidence to endure another 50% drop, then hold. Otherwise, the answer is to exit while the loss is still relatively small.
Sounds like me. I got caught up in it last May and just stayed away, but recently I got my principal back. Time is the cure, I guess.
Last year I took a 60% loss, but I held for 3 months and recovered. The market vibe is different now though. I'm still holding.
T_T But at 50%, it's bound to break, right?
But, bro, roughly what's your peak range? So I can give advice.
Honestly, I'm skeptical. I don't think the crypto market will rise like before. If I were you, I'd cut my losses.
Well... there are many people who advocate for hodling, but there's no right answer. You have to decide based on your own financial situation and mental state.
I agree, my mental state is wrecked too lol. Everyone, hang in there.