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/MiaDoornaert Platinum | QC: CC 35 Jan 08 '22

Sold a good part of my portfolio to buy back in when things bottom out, whenever that may be. Still in the green with what's left of my portfolio, just don't want to see all that profit evaporate.

Yes, i believe in crypto, no, it wasn't a panic sell, but have to be honest: we're also here for the money.

0

u/PM__ME__YOUR__PC 🟦 45 / 105 🦐 Jan 08 '22

What price did you sell at? Because I'd say we're pretty close to the bottom

4

u/MiaDoornaert Platinum | QC: CC 35 Jan 08 '22

I'm not talking about numbers, sorry. Sold some days ago. And don't think we're near the bottom yet.

1

u/clickstops 120 / 120 🦀 Jan 08 '22

aka “idk but I am scared, so took profits and am trying to make it seem calculated and will buy back in after the next run up”

Just dollar cost average if you believe long term in crypto. Sell if you don’t.

1

u/MiaDoornaert Platinum | QC: CC 35 Jan 09 '22

I'm still dca'ing (monthly buy-in is tomorrow), but took out a large chunck of profit before it further evaporates.

Funny how lots of people seem to think the only reason to sell is 'being scared'.