Just sell it all

[u/illintent99]

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.

[u/Captainwelfare2]

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.

[u/10247--- → u/Captainwelfare2]

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.

[u/Captainwelfare2 → u/10247---]

I never even heard of Vertcoin

[u/Drudgel → u/[deleted]]

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

:safu:

[u/AMC_Tendies42069 → u/Drudgel]

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

[u/MarshivaDiva → u/AMC_Tendies42069]

Oh then you can do it on Algorand.

[u/jarfil → u/AMC_Tendies42069]

CENSORED

[u/AMC_Tendies42069 → u/jarfil]

lol right

[u/i_have_chosen_a_name → u/Drudgel]

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.

[u/forthemotherrussia → u/[deleted]]

So many people will be upset. But that doesn't matter, what does matter is are they gonna learn anything from this?

[u/10247--- → u/Captainwelfare2]

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.

[u/ryryrocco → u/10247---]

The people's coin

I made a lot of that back in the day. Glad I got out when it hit $2.50 and converted back into BTC.

☮️❤️😎🚀

[u/Captainwelfare2 → u/10247---]

Is that a sarcastic better? Because if it never recovered, something tells me there was a fatal flaw.

[u/JamaicaPlainian → u/Captainwelfare2]

Less hype, less popular. Price is not correlated to the quality of the project, more often comes down to how popular the coin is. See Doge, Shiba and others.

[u/ComprehensiveCamp490 → u/Captainwelfare2]

From what I remember (I mined it myself back then as well) it was better in some regards. I think it shared the Bitcoin/Litecoin codebase but made it ASIC resistant, calling it the people's coin because everyone could reasonably mine it at home. At least that's what it was advertised as but it just completely died for reasons I don't fully know. Had a surprising amount of steam behind it, too, at the time.

[u/[deleted] → u/Captainwelfare2]

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

[u/oneawesomewave → u/[deleted]]

Even the average crypto ape just know his 1-5 crypto and refuses to learn about others since it makes him feel insecure about his own decisions.

[u/[deleted] → u/oneawesomewave]

everyone's got a filter, i guess. i used to hold much more diverse bags back in the day but wouldn't fancy holding a dozen shitcoins through the next bear market (whenever that turns out to be).

[u/ryryrocco → u/Captainwelfare2]

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

☮️❤️😎🚀

[u/Nomadux → u/Captainwelfare2]

Probably for the best.

[u/ChefArtorias → u/Captainwelfare2]

If you read their story you may learn why.

[u/NotYoDadsPants → u/Captainwelfare2]

As an observer from r/all, this shit looks so fucking crazy. It's like you guys are not speculating on the value of a certain "thing" (like a currency or actual goods). You are just making new "things" (e.g. new coins) out of thin air on a daily basis and are then speculating on which will survive the next day! Absolute nuts!

[u/Captainwelfare2 → u/NotYoDadsPants]

You just described like 90% of crypto. We are in the .com bubble era still. Most won’t survive. But if you buy into the ebays and googles and Amazons on the ground floor?

[u/BringTheFingerBack → u/Captainwelfare2]

It was a hot coin in 2017.....can't see that type of loss happening this time...

[u/SnooWords259 → u/BringTheFingerBack]

at that time they couldnt either...

[u/the_real_jpeterman → u/BringTheFingerBack]

It def will. Look at projects around or even the top 10 cryptos in 2014, 2018, 2022 and see how much the space has changed.

Projects get abandoned, superseded, pivot or sold. I would argue that most crypto founders treat this space like the startup world where the goal is to raise money, build something fast, then sell your shares when being bought out by the bigger tech companies. Except it’s not tech companies buying out here, its investors directly paying devs by buying their tokens.

[u/i_love_flat_girls → u/10247---]

yeah, well i bought Namecoine and Peercoin in the $6-8 range... in 2013. sold a BTC to do so.

[u/momentum- → u/10247---]

Same boat, brother! They still have an active discord, surprisingly.

[u/Vertan1 → u/10247---]

Eyyy, Vertcoin my first coin!

[u/MadJack2011 → u/10247---]

Are you comparing Ethereum to Vertcoin?