Is crypto in danger should I sell at loss or will it recover?

[benchilwell21]

Hi guys,

I bought crypto before the huge price drop happening. I have about £2k invested in crypto (Solana, Cardano and Shiba)  and about £4k invested in stocks.

Currently my total crypto is showing at about £600 loss so value is £1400 at the moment and I invested £2,000.

So my question is do you think 2022 will be a better year or crypto or do you think prices will continue to keep dropping. Do I sell at a loss now or will thinks pick up in 2022 and I will make over the £2,000 invested or will prices do you think continue to plummet?

What would you do?

Just to clarify that I am willing to hold crypto for up to 5 years if there is a chance that my initial investment will double at least?

[MaMooN]

my opinion

dont sell with all this huge loss 

consider your investment as long term

[Freemind]

You should never ask anyone what to do with your investments, it is your money. Personally and from years of experience, I would expect the market to continue to fall, but there will come a point where it will rise again. In crypto, patience is one of the most important things to have and most of all not to be afraid. I recommend that you read everything you can about "cycles" in the cryptocurrency market, it will help you understand many things.

[pelana vreo]

This is a decision you have to make, all crypto coin prices collapse and you have 2 options, sell loss or sell profit, no good advice other than hodl, I see you have a list of top coins, take a look at Bitcoin and ethereum history, you will get answers to your questions. not investment advice

[Master107]

I think I should remind you that crypto investment is always at risk. It means to say, you must be well prepared to enter this kinda volatile investment where fluctuations is real at any moment.

• Know your investment.
• Calculate risk.
• Be responsible enough to understand what you are entering.
• Just invest what you can afford.

Avoid impulsiveness without enough strong proof that you will hit the target. Be careful to investment whether for short or long term run.

[TomPluz]

Since you are planning to HODL on with your chosen digital assets for 5 YEARS, then maybe you should not be worrying that much the many things happening in the market right now. The same situation - and even worse - happened in the past and eventually the market recovers to the delight of those who never gave up hodling on. Nobody can be sure of what can be in 2022 but for the first quarter of 2022 there can be more likelihood of a continuing weak crypto market but things will be picking out as we head into the 2nd quarter...but this is just my speculation as I am certainly not Nostradamus.

[Callisto]

Many people say that this is a correction. But I am sure that this is a common manipulation in the market by the whales and speculators themselves. Of course, I want to believe that these falls will soon pass, but the crypto community has nevertheless begun to drain its assets, perhaps these are ordinary throw-ins to stir up speculation in the market, and perhaps these falls will last for a long time .. Unfortunately, no one will give you an unambiguous answer, you yourself you will have to make a decision here, if you are already incurring considerable losses, then you should hope for a market recovery.

[KaliLinux]

Hi guys,

I bought crypto before the huge price drop happening. I have about £2k invested in crypto (Solana, Cardano and Shiba)  and about £4k invested in stocks.

Currently my total crypto is showing at about £600 loss so value is £1400 at the moment and I invested £2,000.

So my question is do you think 2022 will be a better year or crypto or do you think prices will continue to keep dropping. Do I sell at a loss now or will thinks pick up in 2022 and I will make over the £2,000 invested or will prices do you think continue to plummet?

What would you do?

Just to clarify that I am willing to hold crypto for up to 5 years if there is a chance that my initial investment will double at least?

Do you know what happened to investors that invested back in ATH of 2017 and refuse to sell, held their ground till Bitcoin came back up to $60+? Guess I don't have to tell you the answer to that. You might have faith when Investing in cryptocurrencies and know not to invest much in projects that haven't really made their mark in the space yet. Shiba, I have some trust in but not as much as SOL and Cardano but you just need to have some patience.

[Fenix]

I believe that the cryptocurrency will fall and rise in price more than once. Therefore, what is happening must be perceived simply as a temporary drop in prices in this market. Promising altcoins will soon rise in value as there are no problems for the further development of the cryptocurrency. Newbies always have similar doubts every time a cryptocurrency falls. Everything has its time. We do not know exactly when our cryptocurrency will rise in value, but it will definitely happen. Therefore, you should not now sell cryptocurrency at a loss.

[Dora Walletinvestor]

Don't consider this financial advice but I would not sell at this loss, the whole crypto market has been down lately but it's probably temporary. In the long run, prices should pick up again. However, if I were you I would diversify a little more - this slump could also be a good opportunity to buy some other coins such as bitcoin or ethereum, and the more coins you are in, the smaller the chances of suffering long-term losses.

[Ghozrd]

Just to clarify that I am willing to hold crypto for up to 5 years if there is a chance that my initial investment will double at least?

If you are willing to hold the coin for 5 years, I think you have nothing to worry about when you see the market is in the red.
You already have coins and I believe you have a target selling price for each coin you own, never sell a coin at a low price if you buy it at a high price, just wait until the crypto market situation starts to recover and sell at your profit.

[bitbit97]

This is not a financial advice, but I suggest to look on the historical graphs of cryptocurrencies and hold. They show, that quite often all the alts recover their prices in time, and show some gains. Only SHIB is looking confusing, as it is a meme token, and their price depends a lot from the mood of its community.

[Senin]

Of course, Solana and Cardano are not worth worrying about. These are coins with high potential for development and growth, but SHIB, in my opinion, is not suitable for long-term retention.
In general, as we have seen more than once, it makes no sense to sell cryptocurrency when it just went down for a correction. After a while, the market will grow again and potential coins and tokens will always be ahead.

[Jonter]

The crypto market is extremely volatile, if you are in heavy losses it may be best to wait for it to recover. Although that may take a few months (or not, you never know ).

[Anonylz]

Hi guys,

I bought crypto before the huge price drop happening. I have about £2k invested in crypto (Solana, Cardano and Shiba)  and about £4k invested in stocks.

Currently my total crypto is showing at about £600 loss so value is £1400 at the moment and I invested £2,000.

So my question is do you think 2022 will be a better year or crypto or do you think prices will continue to keep dropping. Do I sell at a loss now or will thinks pick up in 2022 and I will make over the £2,000 invested or will prices do you think continue to plummet?

What would you do?

Just to clarify that I am willing to hold crypto for up to 5 years if there is a chance that my initial investment will double at least?

Do you know what happened to investors that invested back in ATH of 2017 and refuse to sell, held their ground till Bitcoin came back up to $60+? Guess I don't have to tell you the answer to that. You might have faith when Investing in cryptocurrencies and know not to invest much in projects that haven't really made their mark in the space yet. Shiba, I have some trust in but not as much as SOL and Cardano but you just need to have some patience.

I totally agree with you and to the OP, Patience is a virtue. You MUST have patience when you are in the cryptocurrency market and must understand how the market moves and know when to enter or not. If you are always reacting to every market price action without knowledge, you will lose more than you think.