Many investors believe that a bull run automatically fixes deep losses.
The reality is more complex.
When a portfolio is down 80–90%, the math becomes unforgiving. A 90% loss requires a 10× move just to break even. Even strong bull runs do not lift every asset equally, and not every coin revisits its previous all-time high.
Why a Bull Run Doesn’t Save Everyone
In most cycles, liquidity flows selectively:
First into Bitcoin and major large-caps
Then into strong narratives (AI, L2s, infrastructure, memes)
Lastly—if at all—into weaker, outdated, or abandoned projects
Coins that lost 80–90% often suffer from:
Broken narratives
Oversupply and inflation
Low demand and weak development
Holders waiting to exit at breakeven
As a result, rallies in these assets frequently turn into exit liquidity, not sustainable recoveries.
The Mistake of “Hope Holding”
Many investors confuse patience with strategy.
Holding purely in hope assumes:
The same hype will return
New buyers will prioritize old bags
Market makers will push price to rescue late entrants
Markets don’t work that way.
Bull runs reward positioning and capital efficiency, not emotional attachment.
Smarter Approaches During a Bull Run
For deeply underwater portfolios, rational options include:
Reallocating capital into assets with stronger momentum and narrative
Reducing opportunity cost instead of waiting years for recovery
Using partial exits on pumps rather than expecting full reversals
Managing risk instead of chasing unrealistic price targets
Sometimes, accepting a loss is the first step toward long-term profitability.
Final Thought
A bull run is not a bailout program.
It rewards those who understand liquidity, timing, and market structure—not those who simply wait.
Survival comes first. Growth comes second.
DYOR. Manage risk. Think in probabilities, not promises.
