I lost 40% this Crypto Crash
These days, I cry myself to sleep every night.
From $740 to $686, I kept buying it as it went lower and lower.
Started dipping into my warchest finally and was buying from $645 and lower as prices tanked.
I managed to sink in 2 well placed shots at $466 and $487 at the spike down. Not sure if its good enough.
Now I've accumulated plenty of positions in the $512 to $540 range.
I don't know what came over me to make me buy the dip. Why would I do such a stupid thing?
My newly injected fresh capital is dragging down returns. My returns would be higher if I wasn't so itchy to buy the dip.
My portfolio is down 40% from ATH.
(Crypto markets is down 60% from ATH, Bitcoin is down 58%, Ethereum is down 63%)
I only have 157% profits right now.
Rekt portfolio is rekt.
I don't know how much more pain I can take.
I've resorted to doing arbitrage and I only managed to make $6000 the last few days. Will it be enough to save me?
This kind of low return is making me regret my decision to get into crypto.
If the market drops another 60% from here, I'm screwed.
If Bitcoin goes under $3300 and Ethereum under $200, my capital will finally be at risk.
Please hodl me, I'm scared.