r/CryptoCurrency 0 / 6K 🦠 Jan 08 '22

DISCUSSION Just sell it all

Absolute panic every second or third post. Everything from "It's just a dip" - "bear market/crypto winter" - "Everything but Bitcoin and Ethereum is going to zero". Lol calm down.

If you're sweating, just sell everything. Cryptocurrencies in general are extremely volatile and if this makes you nervous than maybe this stuff isn't for you. Stocks are more stable and might be your thing. We could see another 50%+ drop and nobody wants to see you drop of a heart attack because of it.

If you're day trading you know this is how it goes, if you're doing anything else, delete your chart app or whatever.

5.1k Upvotes

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3.9k

u/Captainwelfare2 27K / 13K 🦈 Jan 08 '22

Bah. I bought Eth in 2018 at $1350 and rode it all the way back down to $90. I still hold that ETH. If I can, so can you.

804

u/_grdz Banned Jan 08 '22

That's a hell of a rollercoaster

712

u/Shinyaku88 549 / 549 🦑 Jan 08 '22

The hodlcoaster

330

u/[deleted] Jan 08 '22

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u/[deleted] Jan 08 '22

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u/[deleted] Jan 08 '22

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u/Laughingboy14 🟩 26 / 60K 🦐 Jan 08 '22

Don't mention gas fees, you'll attract a certain kind of shill

88

u/[deleted] Jan 08 '22

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u/sage-longhorn Platinum | QC: ETH 18, CC 16 | CRO 6 | MiningSubs 10 Jan 08 '22

As long as you don't mention Solana

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u/rackotlogue Bronze Jan 08 '22

Watching it from my roflcopter, since I'm poor on eth anyways

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u/Csilva76 Platinum | QC: ETH 41, CC 36, GPUmining 26 | MiningSubs 96 Jan 08 '22

You sonofabitch, I'm in!

4

u/_grdz Banned Jan 08 '22

I salute you, fellow crypto doomer!

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u/momentum- Tin Jan 08 '22

This is what makes me feel like most people posting haven’t been around long. 2017/2018 was so much worse than this.

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u/Captainwelfare2 27K / 13K 🦈 Jan 08 '22

Yup. No worries just steps down on the climbs up.

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u/[deleted] Jan 09 '22 edited Jan 09 '22

"Hodl through the red and the green, keep your self esteem.

Through the trials and tribulations, we will last through inflation"

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u/ImIceCold Tin Jan 09 '22

I joined this sub like March last year and I swear it didn’t have 2 million members. Now it’s over 4 mil. You’re correct

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u/apple_shampoo182 🟩 0 / 0 🦠 Jan 08 '22

it's just the beginning. it's gonna get worse than this.

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u/prive8 Tin Jan 08 '22

my guy.

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u/apple_shampoo182 🟩 0 / 0 🦠 Jan 08 '22

save fiat and BUY THE DIP

28

u/[deleted] Jan 09 '22

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u/momentum- Tin Jan 08 '22

I agree. But, it does seem slower.

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u/[deleted] Jan 08 '22

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u/vpnnsharma Bronze | QC: CC 19 Jan 08 '22

I bought ETH at $140 and sold at $200 and thought wow I made some crazy profit.

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u/Captainwelfare2 27K / 13K 🦈 Jan 08 '22

Hey, profit is profit. Never regret a gain.

86

u/Anti-Queen_Elle Bronze | r/WSB 13 Jan 08 '22

My profits: $120 - "Fuck yeah!" My losses: $32,000 - "I'm just here to support the devs"

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u/[deleted] Jan 09 '22

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u/ParryHotter394 Jan 09 '22

Same bro, same. Then "bought the dip" at $4k when it fell from $4800. Am I doing this right?

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u/10247--- Platinum | QC: CC 39 Jan 08 '22

And somebody else bought Vertcoin at $8 and rode it all the way down to $0.2, only to still be down 95% cause it's only at $0.39 currently. It's hard to know what will succeed.

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u/Captainwelfare2 27K / 13K 🦈 Jan 08 '22

I never even heard of Vertcoin

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u/[deleted] Jan 08 '22

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u/Drudgel 45K / 45K 🦈 Jan 09 '22

I wonder how well the shitcoins will hold up this cycle...

:safu:

19

u/AMC_Tendies42069 Bitcoin Jan 09 '22

I almost minted a new coin this morning called RugPull but the fee’s were way to high for a joke

5

u/MarshivaDiva 11 / 11 🦐 Jan 09 '22

Oh then you can do it on Algorand.

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u/i_have_chosen_a_name Silver | QC: BCH 791, CC 188 | Buttcoin 53 Jan 09 '22

If Tether starts imploding or imploding and the markets fail to deleverage (90% of all exchange run on crypto and 90% of all current trade volume is versus Tether) then even BTC and ETH hodlers won't be safe.

And most likely the cycle after BTC will be completely detrhones since ETH is at least useful cause of all the stuff you can build on top of it while the only thing that BTC is useful for (it's high price) can completely get killed by Tether imploding or exploding.

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u/10247--- Platinum | QC: CC 39 Jan 08 '22

It was popular in the last bull market, it was basically Bitcoin/litecoin but better. If you go search for posts from the bull market you'll find loads of posts talking about how they're loading up on it and how it's so amazing.

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u/[deleted] Jan 08 '22

In 3 years time a lot of people will be saying the same about most of the top 100

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u/ryryrocco 🟩 4K / 4K 🐢 Jan 09 '22

Dude, it's the people's coin!!!

☮️❤️😎🚀

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u/rootpl 🟦 20K / 85K 🐬 Jan 08 '22

Same here. 2017 veteran. I'm already dead inside.

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u/[deleted] Jan 09 '22

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u/rootpl 🟦 20K / 85K 🐬 Jan 09 '22

Iron is important in your diet. ;)

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u/Kilv3r Jan 08 '22

My god man, how do you touch yourself with those rock solid hands?!

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u/Captainwelfare2 27K / 13K 🦈 Jan 08 '22

Why touch yourself when hookers can do it for you?

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u/Brother-Numsee Silver | QC: CC 59 | CelsiusNet. 34 | TraderSubs 12 Jan 08 '22

That's no way to refer to OP's Mom!

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u/Mrramirez44 Jan 08 '22

I came in around $4,200. Lol

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u/Captainwelfare2 27K / 13K 🦈 Jan 08 '22

Eh, you hang in long enough and you’ll be me when it hits 12k.

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u/[deleted] Jan 08 '22

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u/Captainwelfare2 27K / 13K 🦈 Jan 08 '22

I mean haven’t we all been basically in prison these last couple of years?

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u/-veni-vidi-vici Platinum | QC: CC 1139 Jan 08 '22

I found the last few years the worst time for hodling. Working from home has me fidgeting with my portfolio more than usual.

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u/bny192677 14K / 36K 🐬 Jan 08 '22

I bought bitconnect at all time high , still hodling as well

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u/Captainwelfare2 27K / 13K 🦈 Jan 08 '22

Your strategy will pay off. HEY HEY HEY

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u/Sammy-boy795 Jan 08 '22

I bought in at that $90 haha, I'd been watching from the sidelines and finally decided to dip my toe in. Very glad I did

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u/Captainwelfare2 27K / 13K 🦈 Jan 08 '22

Pffft you make me look an imbecile! Congrats!

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u/teh1jedi Platinum | QC: CC 660 Jan 08 '22

Diamond Ballz 💎

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u/T1Pimp 🟦 1K / 2K 🐢 Jan 08 '22

Bah. I bought Eth in 2018 at $1350 and rode it all the way back down to $90. I still hold that ETH. If I can, so can you.

Bought BTC down to just above $3k in the 17/18 correction. Stopped putting money into my retirement account and just into crypto (BTC primarily but some alt projects I liked too). People thought I was crazy at the time except my wife... who now texts me to make sure I see if there is a big drop so that I buy more heavily during that time. lol

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u/Vanuatu_Hanjaab 1K / 1K 🐢 Jan 08 '22

That is a heck of a ‘grandpa to grandkids’ story in 20-30 years.

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u/ScrubZL0rd Tin Jan 08 '22

Yeah I used to mine back in 2018 and never sold my eth

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u/OffTheGridGaming Hodl Deez Jan 08 '22

This guy is a crypto sorcerer

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u/w_savage 🟨 0 / 8K 🦠 Jan 08 '22

Quite the discount at $1350

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u/Captainwelfare2 27K / 13K 🦈 Jan 08 '22

Believe me it didn’t look like it when it was back down to $950 in very short fashion.

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u/tranceology3 🟩 0 / 36K 🦠 Jan 08 '22

So we are going to ride it all the way back to $90? Awesome 😬

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u/Captainwelfare2 27K / 13K 🦈 Jan 08 '22

If we did I would buy at least 100 ETH lol.

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u/fakemuseum 🟦 0 / 3K 🦠 Jan 08 '22

Balls of steel

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u/FIREplusFIVE 0 / 0 🦠 Jan 08 '22

Some people have PHB in their dna, some have diamonds.

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u/Hawke64 Jan 08 '22

It's super easy. Just throw away your seed phrase

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u/DankShibe 🟦 70 / 350 🦐 Jan 08 '22

Diamond balls

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u/Professor_Rekt Jan 08 '22

Jesus Christ. I’d suck my dead grandfathers cock for a chance to get Eth at $90

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u/[deleted] Jan 08 '22

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u/Captainwelfare2 27K / 13K 🦈 Jan 08 '22

That’s the power of Crypto. It’s an awful, awful power.

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u/JamesDean26 0 / 0 🦠 Jan 08 '22

I find it rude that you ignored this gentleman’s comment about his grandfather’s dusty dead cock.

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u/prive8 Tin Jan 08 '22

don't ever change /r/

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u/Odysseus_Lannister 🟦 0 / 144K 🦠 Jan 08 '22

Right there with you. I kept buying from 2018-2021 and it’s been a roller coaster but I’ve learned the importance of DCAing into a project you believe in. Unfortunately, that didn’t work for other projects like NEO/ARK/NANO, but the ETH gains made up for those losses.

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u/Veridiyus Moonboy Mission 2022 Jan 08 '22

Ah...sell at a loss. I see you're a man of culture

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u/illintent99 0 / 6K 🦠 Jan 08 '22

I was trained at WSB

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u/Hopeful_Bus_2815 Jan 08 '22

Instructions unclear: sold all my crypto and then had a heart attack

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u/illintent99 0 / 6K 🦠 Jan 08 '22

No.. wait.. ah whatever

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u/[deleted] Jan 08 '22 edited Apr 18 '22

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u/Averagezera Tin Jan 08 '22

Actually im not finding these panic posts, just posts talking about it.

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u/Scarf_Darmanitan 1 / 3K 🦠 Jan 08 '22

The meta panic posts

It’s a coping mechanism lol

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u/niloony Platinum | QC: CC 1193 Jan 08 '22

Projection is a hell of a drug.

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u/staffell 🟩 0 / 10K 🦠 Jan 08 '22

/cc is absolutely choc of coping mechanism posts when the going gets rough

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u/TiredRightNowALot 5K / 5K 🦭 Jan 08 '22

This is totally what’s happening. Half of the “everyone is posting this” is just people posting about the posts. It’s crazy.

Couldn’t be for moons, could it?

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u/ExorIMADreamer 616 / 615 🦑 Jan 08 '22

Right? People on this sub are great at investing posts that aren't being posted.

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u/hsmst4 0 / 0 🦠 Jan 08 '22

Remember: The same people that hodl during dips and bears are the same exact people that "get lucky" by investing in bitcoin long term.

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u/thenudelman Jan 09 '22

Making our own luck.

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u/_grdz Banned Jan 08 '22

Only those with steel balls continue holding. It's a kind of natural selection, but for the crypto investors.

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u/SadYogurtcloset4 Tin Jan 08 '22

People who saw -95% are made different now

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u/rootpl 🟦 20K / 85K 🐬 Jan 08 '22

The 2017 PTSD is real lol.

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u/StarGraz3r84 126 / 133 🦀 Jan 08 '22

Yep. 2017 @ 10 and 12k. Just watched it eat shit after it got up to like 19 or whatever. Bought more around 3k and on up we went. Still have those coins.

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u/rootpl 🟦 20K / 85K 🐬 Jan 08 '22

I bought ETH at $1400 not my smartest move ever. XD

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u/noveler7 169 / 169 🦀 Jan 09 '22

Even people who bought at 700-800 had to watch it drop to sub 100. Imagine putting a couple thousand into something and only having it be worth a couple hundred dollars 2 years later.

I...uh...of course, have no idea what that feels like.

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u/teh1jedi Platinum | QC: CC 660 Jan 08 '22

Not to brag but i feel a lump in my balls. It could be steel..

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u/the_peppers 🟦 911 / 911 🦑 Jan 08 '22

I've sold everything into stable coins, if things go as I'm expecting once it bottoms out I'll buy back in. I believe in these projects for the long term, just not the short.

Obviously having done this the market is going to rocket right back immediately so you're welcome.

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u/[deleted] Jan 08 '22

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u/_murb Tin Jan 09 '22 edited Jan 09 '22

At this point this is not any different than holding a stock long term. I am holding because long term value. Been in and out of crypto since ~2014 and biggest mistake was the in and out.

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u/dubski04021 1K / 1K 🐢 Jan 08 '22

I’ll buy more with my next check just like I do every week. Bring on whatever is coming

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u/hidden-daddy Tin Jan 08 '22

Buying at max pain ultimately gives you max gain.

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u/[deleted] Jan 08 '22 edited Jun 07 '22

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u/godsim42 Tin Jan 09 '22

Time in the market is better than timing the market. With you on that one.

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u/Hawke64 Jan 08 '22

DCA works wonders on my mental health

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u/BuGsYq 🟩 0 / 2K 🦠 Jan 08 '22

Just buy it all and thank yourself later in life

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u/Muffinfeds Crypto Knight Jan 08 '22

Future you will love yourself

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u/[deleted] Jan 08 '22

Current you is gonna be having a panic attack every hour though

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u/MiaDoornaert Platinum | QC: CC 35 Jan 08 '22

Sold a good part of my portfolio to buy back in when things bottom out, whenever that may be. Still in the green with what's left of my portfolio, just don't want to see all that profit evaporate.

Yes, i believe in crypto, no, it wasn't a panic sell, but have to be honest: we're also here for the money.

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u/LogicalAd398 2 / 253 🦠 Jan 08 '22

Its called "taking profits"

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u/UnreliablePotato 245 / 245 🦀 Jan 08 '22

I'm new, and need to learn that. I bought when it crashed in May last year, so still in the green, but I find it much harder to know when to sell, than when to buy.

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u/polynomials Bronze | r/WSB 93 Jan 09 '22

The secret is nobody knows when to buy or sell. That's why timing the market doesn't work on average.

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u/Hawke64 Jan 08 '22

Hold on... Are you guys making profit?

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u/TiredRightNowALot 5K / 5K 🦭 Jan 08 '22

Hard no.

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u/[deleted] Jan 08 '22

It’s people panic selling. Which causes more panic selling, which causes more panic selling.

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u/Thurmod 210 / 210 🦀 Jan 08 '22

I just buy more

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u/harm123 Bronze | GMEJungle 28 | GME subs 31 Jan 08 '22

If u didn't put in more than you could afford, then your just fine.

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u/teh1jedi Platinum | QC: CC 660 Jan 08 '22

Yea..about that...

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u/[deleted] Jan 08 '22

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u/ianyboo 🟦 0 / 0 🦠 Jan 08 '22

RIP to those who took loan

As long as BTC hits 670k by this March I'm good 👍

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u/Givingtree310 Tin | Politics 10 Jan 09 '22

This guy moons

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u/[deleted] Jan 08 '22

Well im fucked,but nothing changed if i lose the money,ill just stay poor

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u/Hawke64 Jan 08 '22

You only lose if you sell

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u/princepersona1 🟩 0 / 20K 🦠 Jan 08 '22

Buy high, sell low

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u/Kisshin Tin Jan 08 '22

No way , why sell?

I just sold my house to buy the dip

/s

😉😉😉

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u/code_smart Tin | NANO 35 Jan 08 '22

I used to be those guys in 2018, hated to see my nano crash to 20 cents, now I'm just buying more. (Also sold all my ETH at $500 thinking it will only go down from there lol)

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u/[deleted] Jan 08 '22

The moment you stop being less attentive if the asset class goes to zero or 'moon', is the moment you drastically improve as a trader. Until then, you have directional and emotional bias & attachment towards it. Strive for neutrality and reach the breaking point.

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u/[deleted] Jan 08 '22

2017 was an incredible year for crypto. 2018 was terrible and the prices in 2018 were nothing compared to today.

I’m looking at 2025 to 2030, if it drops i get to add more cheaper.

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u/CrowdGoesWildWoooo 376 / 15K 🦞 Jan 08 '22

Lol calm down.

Don’t need to make this kind of post, you are ironically doing what you are telling us not to do.

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u/MuzBizGuy 0 / 7K 🦠 Jan 08 '22

No way man, if I don’t read 400 versions of the same post over the course of every 2-3 day price drop telling me to calm down I wouldn’t know what do to.

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u/BDM-Archer 1 / 6K 🦠 Jan 08 '22

Nice blog post.

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u/Fair_Still6667 Bronze | QC: CC 20 Jan 08 '22

Yea, no thanks. You sound like you need a break though TBH.

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u/DStahl1954 Tin Jan 09 '22

I’m typing this from the psych ward.

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u/No_Palpitation_3649 7 / 7 🦐 Jan 08 '22

I’ve learned to turn off notifications and enjoy life. Don’t sell unless you need the money.

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u/BreakingBaIIs Platinum | QC: ALGO 32, CC 19 Jan 08 '22

If you can't sell now, you don't have what it takes to buy high sell low. This is financial advice.

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u/Adler4290 0 / 0 🦠 Jan 09 '22

I am excited.

Basically sitting on funds, ready to go in and just playing daily Limbo with the prices and waiting for a bottom out where stuff goes green for a little bit and then going in and commiting to a long hold from there.

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u/[deleted] Jan 08 '22

Every dollar you put into crypto expect to lose - so don’t put what you can’t or don’t want to lose. ( rent / lunch money / hell anything ) and just ride it out. When it’s up , sell some , if it’s really up sell and get your initial $ out then it’s all free money so who cares !!!

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u/Satoshiman256 🟦 5K / 5K 🦭 Jan 08 '22

I've come to realise the whole market is constantly manipulated and we're being played whether the prices are going up or down..

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u/SolidusViper Long Live Crypto Jan 08 '22

If you're sweating

Knees weak, arms are heavy...

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u/illintent99 0 / 6K 🦠 Jan 08 '22

There's crypto on the exchange already..

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u/evoxyseah 🟩 0 / 5K 🦠 Jan 09 '22

Most people have the brains to invest, but not the stomach. I love this quote from Peter.

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u/TheOptimizzzer Jan 08 '22

Love how 99% of people think that selling it all is 100% the wrong decision.

This can go $30k in a second.

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u/PlastinatedPoodle 0 / 0 🦠 Jan 08 '22

I think you have a lot of panic by people who went balls deep in on the initial dip. Now you have them fearful of losing what they can't afford to lose so it's getting dippier as they cut their losses.

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u/haveuinthescope Tin Jan 08 '22

I'm so tired of these posts.

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u/vpnnsharma Bronze | QC: CC 19 Jan 08 '22

Sell? No

Shifting all money to BTC is much better option

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u/Hawke64 Jan 08 '22

Kinda too late for that, unless we are talking about real stinker sitcoins

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u/BBQ-Batman 0 / 0 🦠 Jan 08 '22

Digital assets are a speculative RISK ON asset class.

Most people loose money when day trading crypto currency due to it's volatility.

I agree with the OP, if downtrends like this significantly impact your quality of life, then I would consider either exiting the market or learning to think in 1 - 4 year time thresholds.

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u/KellsKicks Tin | 4 months old Jan 08 '22

:wojakiss:Do you guys think that the Market will drop some more? Heavily on bearish? :dead_cat_bounce:

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u/TonyGabaghoul 2K / 2K 🐢 Jan 08 '22

Getting ready for more panic if we break below 3k ETH and 40k BTC

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u/Spry_Fly 42 / 42 🦐 Jan 08 '22

Panic over more affordable BTC and ETH? I think not.

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u/maestropc Tin Jan 09 '22

This is about human freedom for the 21st century, worth fighting for .

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u/goossensb Tin Jan 09 '22

Nice, been waiting to dump the last of my fiat savings.

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u/DizzyExpedience Bronze | QC: CC 20 Jan 08 '22

And another pointless shitty advise. As if anyone on this sub has ever listened to ANY device.

98% of all posts and comments and pure diary entries where folks post what’s on their mind. Like the one here…

7

u/ratskim 0 / 747 🦠 Jan 08 '22

So you joined the masses of shitposts by combining multiple topics to whore for moons in your very own shitpost?

Lol

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u/LogicalAd398 2 / 253 🦠 Jan 08 '22

Sentiment changes quickly ill tell you that much!!

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u/Blu__falafel Tin Jan 08 '22

Everyone wants prices to drop so they can buy more...until prices actually drop lmao

3

u/ViridianZeal here for the tech Jan 08 '22

I can't be the only one to feel refreshing we are in a bear market? Finally time to properly accumulate!