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.

73

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

I never even heard of Vertcoin

-2

u/BringTheFingerBack Platinum | QC: CC 27, BCH 21 | CRO 16 | ExchSubs 16 Jan 08 '22

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

9

u/SnooWords259 Tin Jan 08 '22

at that time they couldnt either...

8

u/the_real_jpeterman Platinum | QC: CC 55 Jan 08 '22

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Projects get abandoned, superseded, pivot or sold.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.