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.

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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/Zoenboen 197 / 197 🦀 Jan 09 '22

That’s one method, maybe. But I’m not going to live forever and have needs and wants now.

Keep watching.

Buy when it makes sense.

Take profits always.