Right now I can feel cancer in the brain growing each time I open my Blockfolio. My crypto net worth is down more than 55% since the top. However, I'm still up a total of 380% since I bought into Cryptos. So I still have some ground to stand on.
I must stress that even though I do feel your pain if you bought at higher levels and is suffering a theoretical loss right now. But remember the fact that as long as you don't sell, it's exactly just that - theoretical.
I also want to stress that you don't lose faith in cryptos, but at the same make sure you are not invested with money you can't afford to lose. That's rule number one. If cryptos for some absurd reason went to zero, I would be OK. Sure, it would suck not to be able to Steem anymore, but other than that I would be fine. (Obviously, a scenario where cryptos are zero worth is 100% unlikely)
The reason I'm stressing this as often as possible is so you guys don't do anything stupid right now. I've been writing about these weekly, and lately almost every day that they are going to shake out every weak hand. And after that we might have to lower our expectations a little bit. I still believe in $1,5 trillion total mcap in the end of 2018, which is a 375% gain for the year. I was way too conservative in my estimates for 2017, where I predicted Bitcoin at $6800..however, I wasn't that off, considering it's almost at $7000 now a month into 2018.
I'm PRETTY sure we're hovering just above the bottom right now. This is a critical hodling point. A lot of people bought in above $400 billion mcap, and many bought in much higher and are suffering terrible losses right now. My advice is to hodl strong right now, because we're almost done IMO.
And please please do your own due diligence. I am not giving any advices to any of you. I'm not qualified for that. This is simply my tactic and how I play it out.
Good luck today hodlers!