The Bear Market - 60% Loss On Bitcoin From It ATH - Patience vs Holding

As many of us have crypto bags that have experienced a significant fall in value, the cryptocurrency industry has been extremely frustrating lately. We have a lot of crypto assets, however our value is extremely low. Many people are aware that one of the best strategies to maximize profits is to acquire an asset when it is extremely relatively cheap and sell it at an extremely high price. This strategy is known as perfect market timing. But how can you tell when the moment is right? You only need to set a specific objective and work toward it in order to know when to take profits and when to hold onto them.

Starting with BTC, the price of the digital currency reached an all-time high of $69,000 two years ago. However, it is currently trading at $26,441 a significant loss of 60% from the high. You would be down 60% if you had purchased bitcoin at its highest price. What then do you do? The decision is yours as to whether to hold onto your investments or sell them. The cryptocurrency market can be challenging, particularly if you decide to hang onto them as their value is declining. Another coin that has declined is ethereum, whose all-time high was at $4,868 and was quite spectacular. Sadly, the value has fallen to $1,675 and has lost 63% of its worth.

Another coin that has suffered a significant loss is Solana; its all-time high price was $259, but it is now only worth $21.5, a loss of more than 97%. How many of us, though, made purchases at the high and are still holding on? The cryptocurrency market has plenty of opportunities, and it has been demonstrated over time that holding pays off. Holding only requires patience, and the pump is the benefit you receive in exchange for your perseverance.

Cryptocurrency losses have been significant during this bear market, yet despite these losses, these assets are still up relative to the bull market of 2017. This demonstrates how rapidly the cryptocurrency industry is expanding, but we must put our attention on the present and the future rather than continuing wallowing in the past.