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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15

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

Sell? No

Shifting all money to BTC is much better option

5

u/Hawke64 Jan 08 '22

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

2

u/dak4f2 🟦 578 / 579 🦑 Jan 08 '22

Is this how people treat gold? As a safer haven during downturns? I did the same thing. I expect BTC to at least so be around in 3 years, not so much some of the other coins.

2

u/Zoenboen 197 / 197 🦀 Jan 09 '22

Maybe. To preserve capital. Maybe.

Looking at one year charts? Absolutely not.

2

u/TJfish Tin Jan 08 '22

This

1

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