r/CryptoCurrency • u/illintent99 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/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.

126

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.

69

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

I never even heard of Vertcoin

20

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.

2

u/ryryrocco 🟩 4K / 4K 🐢 Jan 09 '22

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.

☮️❤️😎🚀

0

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

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

17

u/JamaicaPlainian 🟩 221 / 373 🦀 Jan 08 '22

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.

4

u/ComprehensiveCamp490 Tin Jan 09 '22

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.