Here's the thing about portfolio volatility in crypto markets—losses only become real when you hit the sell button. Your positions aren't actually underwater until you lock them in.

Think about it. Even if your holdings are down 80%, that's technically just unrealized drawdown. The difference? Unrealized losses are temporary. Market cycles are brutal, sure. But they're also predictable in their unpredictability.

The traders who survive and thrive aren't those who panic-sell at the bottom. They're the ones who understand that dips are part of the game—painful price action, yes, but recoverable. Your portfolio depth matters less than your conviction and your timeframe.

So the real question isn't how far the red has gone. It's whether your thesis still holds.