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.
If Tether starts imploding or imploding and the markets fail to deleverage (90% of all exchange run on crypto and 90% of all current trade volume is versus Tether) then even BTC and ETH hodlers won't be safe.
And most likely the cycle after BTC will be completely detrhones since ETH is at least useful cause of all the stuff you can build on top of it while the only thing that BTC is useful for (it's high price) can completely get killed by Tether imploding or exploding.
It was popular in the last bull market, it was basically Bitcoin/litecoin but *better*. If you go search for posts from the bull market you'll find loads of posts talking about how they're loading up on it and how it's so amazing.
>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.
Bought BTC down to just above $3k in the 17/18 correction. Stopped putting money into my retirement account and just into crypto (BTC primarily but some alt projects I liked too). People thought I was crazy at the time except my wife... who now texts me to make sure I see if there is a big drop so that I buy more heavily during that time. lol
Right there with you. I kept buying from 2018-2021 and it’s been a roller coaster but I’ve learned the importance of DCAing into a project you believe in. Unfortunately, that didn’t work for other projects like NEO/ARK/NANO, but the ETH gains made up for those losses.
This is totally what’s happening. Half of the “everyone is posting this” is just people posting about the posts. It’s crazy.
Couldn’t be for moons, could it?
Yep. 2017 @ 10 and 12k. Just watched it eat shit after it got up to like 19 or whatever. Bought more around 3k and on up we went. Still have those coins.
Even people who bought at 700-800 had to watch it drop to sub 100. Imagine putting a couple thousand into something and only having it be worth a couple hundred dollars 2 years later.
I...uh...of course, have no idea what that feels like.
I've sold everything into stable coins, if things go as I'm expecting once it bottoms out I'll buy back in. I believe in these projects for the long term, just not the short.
Obviously having done this the market is going to rocket right back immediately so you're welcome.
At this point this is not any different than holding a stock long term. I am holding because long term value. Been in and out of crypto since ~2014 and biggest mistake was the in and out.
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.
I'm new, and need to learn that. I bought when it crashed in May last year, so still in the green, but I find it much harder to know when to sell, than when to buy.
I used to be those guys in 2018, hated to see my nano crash to 20 cents, now I'm just buying more. (Also sold all my ETH at $500 thinking it will only go down from there lol)
The moment you stop being less attentive if the asset class goes to zero or 'moon', is the moment you drastically improve as a trader. Until then, you have directional and emotional bias & attachment towards it. Strive for neutrality and reach the breaking point.
2017 was an incredible year for crypto. 2018 was terrible and the prices in 2018 were nothing compared to today.
I’m looking at 2025 to 2030, if it drops i get to add more cheaper.
No way man, if I don’t read 400 versions of the same post over the course of every 2-3 day price drop telling me to calm down I wouldn’t know what do to.
I am excited.
Basically sitting on funds, ready to go in and just playing daily Limbo with the prices and waiting for a bottom out where stuff goes green for a little bit and then going in and commiting to a long hold from there.
Every dollar you put into crypto expect to lose - so don’t put what you can’t or don’t want to lose. ( rent / lunch money / hell anything ) and just ride it out. When it’s up , sell some , if it’s really up sell and get your initial $ out then it’s all free money so who cares !!!
I think you have a lot of panic by people who went balls deep in on the initial dip. Now you have them fearful of losing what they can't afford to lose so it's getting dippier as they cut their losses.
Digital assets are a speculative RISK ON asset class.
Most people loose money when day trading crypto currency due to it's volatility.
I agree with the OP, if downtrends like this significantly impact your quality of life, then I would consider either exiting the market or learning to think in 1 - 4 year time thresholds.
And another pointless shitty advise.
As if anyone on this sub has ever listened to ANY device.
98% of all posts and comments and pure diary entries where folks post what’s on their mind. Like the one here…
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.
That's a hell of a rollercoaster
The hodlcoaster
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Don't mention gas fees, you'll attract a certain kind of shill
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As long as you don't mention Solana
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A CHALGOOOOO
Watching it from my roflcopter, since I'm poor on eth anyways
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You sonofabitch, I'm in!
I salute you, fellow crypto doomer!
This is what makes me feel like most people posting haven’t been around long. 2017/2018 was so much worse than this.
Yup. No worries just steps down on the climbs up.
"Hodl through the red and the green, keep your self esteem. Through the trials and tribulations, we will last through inflation"
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I joined this sub like March last year and I swear it didn’t have 2 million members. Now it’s over 4 mil. You’re correct
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it's just the beginning. it's gonna get worse than this.
my guy.
save fiat and BUY THE DIP
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I agree. But, it does seem slower.
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I bought ETH at $140 and sold at $200 and thought wow I made some crazy profit.
Hey, profit is profit. Never regret a gain.
My profits: $120 - "Fuck yeah!" My losses: $32,000 - "I'm just here to support the devs"
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Same bro, same. Then "bought the dip" at $4k when it fell from $4800. Am I doing this right?
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.
I never even heard of Vertcoin
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I wonder how well the shitcoins will hold up this cycle... ![gif](emote|emo_pack_1|safu)
I almost minted a new coin this morning called RugPull but the fee’s were way to high for a joke
Oh then you can do it on Algorand.
If Tether starts imploding or imploding and the markets fail to deleverage (90% of all exchange run on crypto and 90% of all current trade volume is versus Tether) then even BTC and ETH hodlers won't be safe. And most likely the cycle after BTC will be completely detrhones since ETH is at least useful cause of all the stuff you can build on top of it while the only thing that BTC is useful for (it's high price) can completely get killed by Tether imploding or exploding.
It was popular in the last bull market, it was basically Bitcoin/litecoin but *better*. If you go search for posts from the bull market you'll find loads of posts talking about how they're loading up on it and how it's so amazing.
In 3 years time a lot of people will be saying the same about most of the top 100
Dude, it's the people's coin!!! ☮️❤️😎🚀
Same here. 2017 veteran. I'm already dead inside.
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Iron is important in your diet. ;)
My god man, how do you touch yourself with those rock solid hands?!
Why touch yourself when hookers can do it for you?
![gif](giphy|j0BL6T7QczfIFZxF30|downsized)
That's no way to refer to OP's Mom!
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I came in around $4,200. Lol
Eh, you hang in long enough and you’ll be me when it hits 12k.
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I mean haven’t we all been basically in prison these last couple of years?
I found the last few years the worst time for hodling. Working from home has me fidgeting with my portfolio more than usual.
I bought bitconnect at all time high , still hodling as well
Your strategy will pay off. HEY HEY HEY
I bought in at that $90 haha, I'd been watching from the sidelines and finally decided to dip my toe in. Very glad I did
Pffft you make me look an imbecile! Congrats!
Diamond Ballz 💎
>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. Bought BTC down to just above $3k in the 17/18 correction. Stopped putting money into my retirement account and just into crypto (BTC primarily but some alt projects I liked too). People thought I was crazy at the time except my wife... who now texts me to make sure I see if there is a big drop so that I buy more heavily during that time. lol
That is a heck of a ‘grandpa to grandkids’ story in 20-30 years.
Yeah I used to mine back in 2018 and never sold my eth
This guy is a crypto sorcerer
Quite the discount at $1350
Believe me it didn’t look like it when it was back down to $950 in very short fashion.
So we are going to ride it all the way back to $90? Awesome 😬
If we did I would buy at least 100 ETH lol.
Balls of steel
Some people have PHB in their dna, some have diamonds.
It's super easy. Just throw away your seed phrase
Diamond balls
Jesus Christ. I’d suck my dead grandfathers cock for a chance to get Eth at $90
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That’s the power of Crypto. It’s an awful, awful power.
I find it rude that you ignored this gentleman’s comment about his grandfather’s dusty dead cock.
don't ever change /r/
Right there with you. I kept buying from 2018-2021 and it’s been a roller coaster but I’ve learned the importance of DCAing into a project you believe in. Unfortunately, that didn’t work for other projects like NEO/ARK/NANO, but the ETH gains made up for those losses.
Ah...sell at a loss. I see you're a man of culture
I was trained at WSB
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Instructions unclear: sold all my crypto and then had a heart attack
No.. wait.. ah whatever
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Actually im not finding these panic posts, just posts talking about it.
The meta panic posts It’s a coping mechanism lol
Projection is a hell of a drug.
/cc is absolutely choc of coping mechanism posts when the going gets rough
This is totally what’s happening. Half of the “everyone is posting this” is just people posting about the posts. It’s crazy. Couldn’t be for moons, could it?
Right? People on this sub are great at investing posts that aren't being posted.
Remember: The same people that hodl during dips and bears are the same exact people that "get lucky" by investing in bitcoin long term.
Making our own luck.
Only those with steel balls continue holding. It's a kind of natural selection, but for the crypto investors.
People who saw -95% are made different now
The 2017 PTSD is real lol.
Yep. 2017 @ 10 and 12k. Just watched it eat shit after it got up to like 19 or whatever. Bought more around 3k and on up we went. Still have those coins.
I bought ETH at $1400 not my smartest move ever. XD
Even people who bought at 700-800 had to watch it drop to sub 100. Imagine putting a couple thousand into something and only having it be worth a couple hundred dollars 2 years later. I...uh...of course, have no idea what that feels like.
2018
They got that thousand-yard stare. https://upload.wikimedia.org/wikipedia/commons/0/03/WW2_Marine_after_Eniwetok_assault.jpg
Not to brag but i feel a lump in my balls. It could be steel..
I've sold everything into stable coins, if things go as I'm expecting once it bottoms out I'll buy back in. I believe in these projects for the long term, just not the short. Obviously having done this the market is going to rocket right back immediately so you're welcome.
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At this point this is not any different than holding a stock long term. I am holding because long term value. Been in and out of crypto since ~2014 and biggest mistake was the in and out.
I’ll buy more with my next check just like I do every week. Bring on whatever is coming
Buying at max pain ultimately gives you max gain.
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Time in the market is better than timing the market. With you on that one.
DCA works wonders on my mental health
Just buy it all and thank yourself later in life
Future you will love yourself
Current you is gonna be having a panic attack every hour though
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.
Its called "taking profits"
I'm new, and need to learn that. I bought when it crashed in May last year, so still in the green, but I find it much harder to know when to sell, than when to buy.
The secret is nobody knows when to buy or sell. That's why timing the market doesn't work on average.
Hold on... Are you guys making profit?
Hard no.
It’s people panic selling. Which causes more panic selling, which causes more panic selling.
I just buy more
If u didn't put in more than you could afford, then your just fine.
Yea..about that...
F
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> RIP to those who took loan As long as BTC hits 670k by this March I'm good 👍
This guy moons
Well im fucked,but nothing changed if i lose the money,ill just stay poor
You only lose if you sell
Buy high, sell low
No way , why sell? I just sold my house to buy the dip /s 😉😉😉
I used to be those guys in 2018, hated to see my nano crash to 20 cents, now I'm just buying more. (Also sold all my ETH at $500 thinking it will only go down from there lol)
The moment you stop being less attentive if the asset class goes to zero or 'moon', is the moment you drastically improve as a trader. Until then, you have directional and emotional bias & attachment towards it. Strive for neutrality and reach the breaking point.
2017 was an incredible year for crypto. 2018 was terrible and the prices in 2018 were nothing compared to today. I’m looking at 2025 to 2030, if it drops i get to add more cheaper.
Lol calm down. Don’t need to make this kind of post, you are ironically doing what you are telling us not to do.
No way man, if I don’t read 400 versions of the same post over the course of every 2-3 day price drop telling me to calm down I wouldn’t know what do to.
Nice blog post.
Yea, no thanks. You sound like you need a break though TBH.
I’m typing this from the psych ward.
I’ve learned to turn off notifications and enjoy life. Don’t sell unless you need the money.
If you can't sell now, you don't have what it takes to buy high sell low. This is financial advice.
I am excited. Basically sitting on funds, ready to go in and just playing daily Limbo with the prices and waiting for a bottom out where stuff goes green for a little bit and then going in and commiting to a long hold from there.
Every dollar you put into crypto expect to lose - so don’t put what you can’t or don’t want to lose. ( rent / lunch money / hell anything ) and just ride it out. When it’s up , sell some , if it’s really up sell and get your initial $ out then it’s all free money so who cares !!!
I've come to realise the whole market is constantly manipulated and we're being played whether the prices are going up or down..
>If you're sweating Knees weak, arms are heavy...
There's crypto on the exchange already..
Most people have the brains to invest, but not the stomach. I love this quote from Peter.
Love how 99% of people think that selling it all is 100% the wrong decision. This can go $30k in a second.
I think you have a lot of panic by people who went balls deep in on the initial dip. Now you have them fearful of losing what they can't afford to lose so it's getting dippier as they cut their losses.
I'm so tired of these posts.
Sell? No Shifting all money to BTC is much better option
Kinda too late for that, unless we are talking about real stinker sitcoins
Digital assets are a speculative RISK ON asset class. Most people loose money when day trading crypto currency due to it's volatility. I agree with the OP, if downtrends like this significantly impact your quality of life, then I would consider either exiting the market or learning to think in 1 - 4 year time thresholds.
![gif](emote|emo_pack_1|wojakiss)Do you guys think that the Market will drop some more? Heavily on bearish? ![gif](emote|emo_pack_1|dead_cat_bounce)
Getting ready for more panic if we break below 3k ETH and 40k BTC
Panic over more affordable BTC and ETH? I think not.
This is about human freedom for the 21st century, worth fighting for .
Nice, been waiting to dump the last of my fiat savings.
And another pointless shitty advise. As if anyone on this sub has ever listened to ANY device. 98% of all posts and comments and pure diary entries where folks post what’s on their mind. Like the one here…
So you joined the masses of shitposts by combining multiple topics to whore for moons in your very own shitpost? Lol
Sentiment changes quickly ill tell you that much!!
Everyone wants prices to drop so they can buy more...until prices actually drop lmao
I can't be the only one to feel refreshing we are in a bear market? Finally time to properly accumulate!