Based on how desperate some of the people on here are sounding, you have way too much invested. There was someone in the daily sounding exactly like every other comment in WSB during the GME crash, saying that if everyone on the sub bought that we could reverse the dip
If you’re one of these people, just do yourself a favor and pull out now, count your losses and move on with life and consider reinvesting a small amount later on (or just leave a small amount you’re comfortable with, but I’d recommend just not having any in right now as you’d be too tempted to chuck the rest back in)
Seriously, don’t wait for the market to recover. It might, it might not. Don’t tell yourself you’re too deeply invested but you’re going to wait for the recovery that might never come, not for a while. It could happen tomorrow, but it might be 3 years from now. You don’t know, it could drop a lot further and you be even more screwed. It’s a gamble with your life savings and that’s not something you should do, ever.
I don’t care if you have a 70% chance to win big and make your “moon”, but the 30% chance you don’t win, you lose all your money. You don’t take that risk.
Being alive and being able to feed yourself and your family is way more important than any lambo you may get from “making it”. The gains are not worth the risk of losing everything and ruining yours and your family’s lives.
People don’t always win big in crypto, for every person who “makes it”, there’s 1000 who lost it all.
Edit: rewording to make the hypothetical a bit less outlandish and not a 99% chance to win $200 billion lol
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