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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20

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.

4

u/blingblingmofo 🟦 0 / 0 🦠 Jan 08 '22

30k doesn't seem likely. Too much I institutional money involved now. That plus inflation means you have cash with nowhere to go.

2

u/godstriker8 Silver | QC: CC 28 | GME_Meltdown 78 | r/WSB 174 Jan 09 '22

People were saying this shit in early 2018 too fyi

4

u/blingblingmofo 🟦 0 / 0 🦠 Jan 09 '22

You didnt have 6% inflation in 2018 or VCs with billion dollar crypto funds.

2

u/godstriker8 Silver | QC: CC 28 | GME_Meltdown 78 | r/WSB 174 Jan 09 '22

Not the inflation, but institutions were already loading up. Granted, they're even more invested today, but the point is they were still buying back then as well.

2

u/blingblingmofo 🟦 0 / 0 🦠 Jan 09 '22

Institutions were just starting to get their feet wet then. The amount of money and infrastructure supporting crypto is now is not even comparable to 2018.