According to Gordon (@AltcoinGordon), Binance CEO CZ suggested that derisking might still be a viable strategy even when an investment is down by 80%. This advice highlights the importance of managing risk and potentially reallocating assets to stabilize a portfolio, which can be crucial for traders looking to mitigate further losses. Source: Twitter (@AltcoinGordon).

According to Miles Deutscher, current crypto market conditions are challenging, and quick action is necessary to prevent further portfolio losses. Deutscher provides a 5-step plan focused on immediate strategies for stabilizing investments. This includes assessing risk tolerance, diversifying assets, and staying updated with market trends.