Is It normal for your wallet to be in red despite recent pumps ?
Are you wondering why your wallet is still showing losses even though many cryptocurrencies have seen recent gains, like 
BTCUSDT up 20%, 
AVAXUSDT 23%, 
XTZUSDT 26%, and 
BOMEUSDT 43% ?
It might seem like a simple question with straightforward answers such as "I didn’t buy at the bottom" or "I bought at the top". Others might say, "Even if I'm at a loss, I’m holding for the long term" While these statements can be true, the key is to understand whether your portfolio is experiencing a "healthy red" or not.
Case 1: You Bought at the 2022 Bottom but Your Wallet Is Still in Red
If you bought during the 2022 market bottom, it’s unlikely your wallet would be in the red after the recent corrections. If it is, the loss is probably small since most coins are still near their bottom. A small loss in this case is considered a "healthy loss". However, if your wallet shows more than a 10% loss, the projects you invested in might not have been the best choices. You may have picked coins with a small investor base, a weak community, or poor project fundamentals.
How to React: In this scenario, I might want to reconsider my investment choices. As soon as your coins make even a small 1% profit, I will consider reducing my exposure to these "small community" or "poor project" coins.
Case 2: You Bought During the March 2024 Pumps
If you bought during the March 2024 pumps, you might have acted out of fear of missing out (FOMO). You saw the strong pumps and jumped in, only to now experience harsh corrections, with your wallet showing a 50% or more loss. This is a sign of an "unhealthy wallet".
How to React: If you find yourself in this situation, you have two options:
Case 3: You Bought During the August 5th Crash
If you bought during the August 5th crash and your wallet is still in red despite the recent pumps, it could be a cause for concern. I will check if the project has received any bad news or if it’s still adding supply to the market, which could be diluting the impact of the pumps.
Final Thoughts
Seeing your wallet in red can be frustrating, but it often comes down to a lack of proper money management. Before entering any investment in the crypto market, it’s crucial to create a roadmap for your portfolio. Without a clear plan, you might end up buying at the top and selling at the bottom out of fear or the hope of buying in lower later. These are bad habits that can hurt your long-term success.
BTCUSDT up 20%, AVAXUSDT 23%, XTZUSDT 26%, and BOMEUSDT 43% ? It might seem like a simple question with straightforward answers such as "I didn’t buy at the bottom" or "I bought at the top". Others might say, "Even if I'm at a loss, I’m holding for the long term" While these statements can be true, the key is to understand whether your portfolio is experiencing a "healthy red" or not.
Case 1: You Bought at the 2022 Bottom but Your Wallet Is Still in Red
If you bought during the 2022 market bottom, it’s unlikely your wallet would be in the red after the recent corrections. If it is, the loss is probably small since most coins are still near their bottom. A small loss in this case is considered a "healthy loss". However, if your wallet shows more than a 10% loss, the projects you invested in might not have been the best choices. You may have picked coins with a small investor base, a weak community, or poor project fundamentals.
How to React: In this scenario, I might want to reconsider my investment choices. As soon as your coins make even a small 1% profit, I will consider reducing my exposure to these "small community" or "poor project" coins.
Case 2: You Bought During the March 2024 Pumps
If you bought during the March 2024 pumps, you might have acted out of fear of missing out (FOMO). You saw the strong pumps and jumped in, only to now experience harsh corrections, with your wallet showing a 50% or more loss. This is a sign of an "unhealthy wallet".
How to React: If you find yourself in this situation, you have two options:
- Strong Project: If the project is strong and has a large number of holders, I will consider lowering my entry price and holding until the next altcoin pumps. I will reduce my exposure as soon as I start seeing profits.
- Weak Project: If the project is weak, it might be a losing investment. In this case, I may might want to leave it in the market. If it eventually gives me small profits, I will consider selling.
Case 3: You Bought During the August 5th Crash
If you bought during the August 5th crash and your wallet is still in red despite the recent pumps, it could be a cause for concern. I will check if the project has received any bad news or if it’s still adding supply to the market, which could be diluting the impact of the pumps.
Final Thoughts
Seeing your wallet in red can be frustrating, but it often comes down to a lack of proper money management. Before entering any investment in the crypto market, it’s crucial to create a roadmap for your portfolio. Without a clear plan, you might end up buying at the top and selling at the bottom out of fear or the hope of buying in lower later. These are bad habits that can hurt your long-term success.
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