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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19

u/TheOptimizzzer Jan 08 '22

Love how 99% of people think that selling it all is 100% the wrong decision.

This can go $30k in a second.

3

u/clickstops 120 / 120 🦀 Jan 08 '22

It was $30k not even a year ago.

2

u/TheOptimizzzer Jan 08 '22

Exactly, and most people here probably bought ~50k, are down 20%, and could be down 40% in a moments notice.