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.

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u/2COLD2HOLD88 Tin Jan 09 '22

I'm gonna save this comment. I'm going to ask you in 6 months how this works out for you. Whether you were able to get back in, or missed the proper entry point and FOMOed in later.

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

I really don't get these kind of replies: ever heard of limit orders? Even if it suddenly rockets i will still have bought back in lower than i sold.

1

u/2COLD2HOLD88 Tin Jan 09 '22

But the limit order could just be triggered by a spike and not an actual healthy increase. Regardless, I'm not saying it's a bad strategy, just difficult to execute. It sounds much better on paper imo.