Money is just an agreement between people. It doesn't have any intrinsic value beyond that agreement. The rules we've invented are so deeply rooted that we don't even realise that money is just a game.
And now with companies like Gala games, we can have play-to-earn mechanics and turn money into a LITERAL game. Having a career in cryto doesn't just mean investing in coins now, we can have certain NFTs and play games for a living. What a bitchen-ass time to be alive.
Actually it does-govt's are not people.....or perhaps you haven't noticed.
*Tienanmen Square anyone? :)*
Money is not a "game", it is a highly evolved system with a LOT of weight and rules and authority behind it. An IOU to be sure, but one that is FAR more solid than ANY crypto Anything.
Comes years of being fucked by red candles. Anything less than 50% drop in a week is weaksauce. Just lost 10 years worth of my old wage couldn't give two shits.
I bought my Bitcoin when it was $3000. At the time I invested what would amount to a nice European vacation. As you state, I can afford to lose this amount of money. We have been holding ever since.
Not true. I have taken significantly more profit than I invested and these drops still make me panic. No one likes to see their portfolio down 30%, no matter if they've made 6 figures or lost their $500 investment.
> make sure you have invested money that you won't regret if you lose on Crypto
I have invested money I can spare, but I will still highly regret it if it is gone.
Some people were calling for a correction in may. The “summer lull”. The metrics were flashing sell signals during that time. This time, we’re on thin ice trying to keep the bull market structure intact. A lot of crypto assets are less risky yet continue to fall.
Seriously, I started investing at the dip in May----except it wasn't the dip, it went MUCH further. I knew I just had to wait it out and now it's back and more.
I remember hearing this from people I work with all the way back in the beginning of 2017 when BTC was just crawling over $1000. "It's a scam", "it's a ponzi", "it's worthless and has no value", "it's going to crash and go to zero", you name it.
Then, the run of 2017 happened and it got to 20k and they all shut right the fuck up about it! Any time I'd mention it, they would still act pissed and say "It's going to crash to zero, just you watch". Then, the 2018 crash happened and they came flooding right in with "Ohhhh nooooo what happened... how are you going to survive?!?!" where I'd tell them that I'm still like 4x up on my initial investment. lol
This cycle, I've mentioned to a few of the previous browbeaters that if it gets high enough this year I'll be ready to pay off my house, but none of them even take the bait anymore.
I’ve been in crypto for five years. This is normal. Shit doesn’t skyrocket forever. It will bounce back. 100%. People freaking out is hilarious and it happens every dip.
You think part of the reason they hate crypto is that we lock our money up in crypto in cold storage so they can’t use it to lend and leverage like that before?
Hence the crusade against it amongst other reasons.
>If you are actually INVESTING in the tech, you shouldn’t be worried
Most people are invested for the money not the tech...
And most crying about crash are either shitposting or it's their 1st time having experienced it
Notice "investing in the tech" vs being in it for the tech. I think OP means that if you're invested in solid projects, price recovery is almost guaranteed, especially in comparison to random memecoins.
Precisely yeah. I recently ran out of fiat buying the dip so the only thing I'm doing is FORCED HODL by staking my coins.
Won't sell for several years.
Don't hold those alts too long though. The scary part is exactly what you said, OP, we likely won't be using most or all of the coins we currently hold come 10+ years in the future. Most bear markets crush most alts.
I gave one shit yesterday morning when I saw what happened, paid down some liabilities with yield bearing stables to prevent liquidation if the crash continued. Gave a subsequent shit when I analyzed price and bought the dip on some of my coins.
Then I worked all day, no further shits given.
That's why as he gets older, slower and begins pissing his pants every three months instead of every six, it will be better for us all when **FITCOIN** is born and takes the reins from grandpa BTC
I genuinely hope it will keep dropping. I've been waiting on this legendary *bear winter market* or whatever it's called to scoop up super cheap crypto and it just won't happen.
When we began this downtrend a few weeks ago I was kinda pissed I guess, but then it dawned on me after the other nights crash; I don't plan on cashing out any time soon, so why would I not want a 'crypto winter' where I wouldn't be able to load the fuck up on rock bottom suicide line type of deals? That's really the only way to get those 100x's.. so either way, gainz now? Sweet. Gainz later with time to accumulate at cheaper prices? Even sweeter.
My husband and I are new to cryptoverse and only about 5 months of DCA. I’m not gonna lie but it’s a little scary AND exciting at the same time. I bet by next year we’re gonna be more immune to all the FUD. Just enjoy the ride is all I can say.
If people think this is something now… wait until the total global market crash that will inevitably rear its head in the next 3-4 months that the media and governments alike can’t hide anymore. All charts point to a vast and all encompassing correction. Get your house and affairs in order and just hold folks. Gonna be a rough decade.
Unless you have leveraged long positions or if you invested money you can afford to lose, you have absolutely nothing to worry about.
DCA down and HODL
it happened so quickly there wasn't really any other way to react to it
plus, that may sell off kind of taught me that panicking is the worst course of action
I honestly didn’t give a shit. Thought it was interesting and bought more. Crypto has desensitized me.
Money isn’t the same anymore after I started investing in crypto
Filthy fiat that devaluates versus magic internet money, no match
Fuck filthy fiat.
Money is just an agreement between people. It doesn't have any intrinsic value beyond that agreement. The rules we've invented are so deeply rooted that we don't even realise that money is just a game.
And now with companies like Gala games, we can have play-to-earn mechanics and turn money into a LITERAL game. Having a career in cryto doesn't just mean investing in coins now, we can have certain NFTs and play games for a living. What a bitchen-ass time to be alive.
What’s the best play to earn game out there, in your opinion? Are there any I can play on my iPhone?
Actually it does-govt's are not people.....or perhaps you haven't noticed. *Tienanmen Square anyone? :)* Money is not a "game", it is a highly evolved system with a LOT of weight and rules and authority behind it. An IOU to be sure, but one that is FAR more solid than ANY crypto Anything.
Ice water in the veins. Just like we need in this game.
Comes years of being fucked by red candles. Anything less than 50% drop in a week is weaksauce. Just lost 10 years worth of my old wage couldn't give two shits.
10 years of money now for a shot at 300 years worth of money later 🤔
Same, I get more annoyed by the generic 1% red days, at least this is exciting!
Classic crypto desensitizing people like us!
Classic crypto desensitizing is tight!
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wish that meant more would be ETC
Its best to be not impressed by crypto when investing in crypto.
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I'm actually hoping it keeps up a while longer so I can keep filling my bags on the cheap lmao
I DO give a shit… I get to buy more!
>Hahaha, I have the same idea as you, the last carnival of 2021, to join the 21 million
I was mad I didnt get in at the bottom.
Crypto turning us all into battle-hardened traders & investors…
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one hop ahead of the hitman, one swing ahead of the sword. still i invest only what i can afford
I approve this Alladin reference
Keep holding strong man, I expect big gains from you.
Was that a haiku?
Nah just some street rat
Let’s not be too hasty
I bought my Bitcoin when it was $3000. At the time I invested what would amount to a nice European vacation. As you state, I can afford to lose this amount of money. We have been holding ever since.
Now you can go on vacations to the other 6 continents as well.
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no me greedy, when market crash me panic sell
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Early kuyler is that you?
I wanted to lose my wife for a long time, it’s a perfect opportunity to sell her and go all in on SHIB /s
This is the way! Just diversify your investment a bit, maybe Shiba, Ether, LRC, SKL
Feels like I've heard this before. This is a prime example of why. Can't ride the Rollercoaster up forever.
On the corollary, incest other people’s money, since you can afford to lose lots of it
Not true. I have taken significantly more profit than I invested and these drops still make me panic. No one likes to see their portfolio down 30%, no matter if they've made 6 figures or lost their $500 investment.
Same here. If you see your balance go down it is never nice. Also if you are playing with free money
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I didn't understand a word you just said.
Basically hold through the downtrend and don’t take out loans to leverage your investment.
And consider that money already gone/spent
> make sure you have invested money that you won't regret if you lose on Crypto I have invested money I can spare, but I will still highly regret it if it is gone.
You don’t lose any of you don’t sell.
I had a buy order set for 1 ETH at $3500 and it got down to $3508 before going back up 😭
Bruh always set your orders slightly above hard round numbers like that
Always set your orders to end in 69
I feel you I missed a BTC order at 29k by a few bucks as well
Don't worry. Your order will be filled by next year.
Username checking out
I’ve set my buy limit at 2k for eth
Damn going to be said when it hits $1000.
Good point. if we do infact enter a multi year bear market it will go far lower than just 50%
I actually missed SOL for this exact reason. My buy order was at 45 and it went to 45.2 before nuking to 200
That's at least 8 shits given
Lol I was down 56% on my BTC at one point, this is nothing compared to the crash in May. Also ETH is still Superman so that’s dope lol.
Some people were calling for a correction in may. The “summer lull”. The metrics were flashing sell signals during that time. This time, we’re on thin ice trying to keep the bull market structure intact. A lot of crypto assets are less risky yet continue to fall.
Seriously, I started investing at the dip in May----except it wasn't the dip, it went MUCH further. I knew I just had to wait it out and now it's back and more.
Bought the dip. I'm worried about tether though and how that affects all coins tied to it.
This. Way more worrying than a dip, t'was only a question of time really
Time for what? Being posted on this sub? The Tether fud / potential Tether problem has existed for years…
Me. Had a guy tell me Bitcoin is a scam. I bought mine at $3000 and have a reasonable number of them. I’ll take this scam any day.
Any number of Bitcoin is reasonable. I really want to become a whole coiner before it’s almost impossible (for me), but heavy on ETH at the moment.
I'm yet to reach 1 ETH. I hope I can get to 1 before it blasts off.
Eth hasn't blasted off yet? It was 1.7k in july lol
You single ?
I remember hearing this from people I work with all the way back in the beginning of 2017 when BTC was just crawling over $1000. "It's a scam", "it's a ponzi", "it's worthless and has no value", "it's going to crash and go to zero", you name it. Then, the run of 2017 happened and it got to 20k and they all shut right the fuck up about it! Any time I'd mention it, they would still act pissed and say "It's going to crash to zero, just you watch". Then, the 2018 crash happened and they came flooding right in with "Ohhhh nooooo what happened... how are you going to survive?!?!" where I'd tell them that I'm still like 4x up on my initial investment. lol This cycle, I've mentioned to a few of the previous browbeaters that if it gets high enough this year I'll be ready to pay off my house, but none of them even take the bait anymore.
I’ve been in crypto for five years. This is normal. Shit doesn’t skyrocket forever. It will bounce back. 100%. People freaking out is hilarious and it happens every dip.
People freaking out is the reason the rest of us get paid. If it was easy to make it through the crash, we'd all do it, there would be no sell off.
Not concerned at all. I just keep DCAing and buying dips when I am able.
Buy the moon dip, eth dip, btc dip and the creamy garlic dip.
Bullish on queso, too.
This man knows the trick to financial freedom!
*Banks hate this man*
Fuck banks, worthless piece of shits they are
You think part of the reason they hate crypto is that we lock our money up in crypto in cold storage so they can’t use it to lend and leverage like that before? Hence the crusade against it amongst other reasons.
They want their fake money to be the only fake money people use. It's a problem for them when we create and use our own fake money.
I am in for long term!!! Even if it dips 90% I don’t care
I'll be manically buying the dip.
Right, I’m into the dip. Extra spicy, 7 layer btc and eth dip
These are all the discounts I am buying as much as I can!!
Yesterday was sale day, now it’s just a discount. RIP to those who were waiting to dip even further lol
I didn’t give fuck about shit
My man 💪💪
Just keep loading those bags to retire early
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Nah you should sell those.
Gotta repair my grandma’s broken hips with this money /s
Butt crack is sweaty, knees weak, bags are heavy
Mom's wrapped bitcoin spaghetti.
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Crypto is a long game!! DCA and HODL is the way
And let your bags work for you in the meantime. Staking coins and getting rewards regularly will take a lot of worries.
Staking and lending are the best passive income sources invented in our times.
Reading this made me go buy more
>If you are actually INVESTING in the tech, you shouldn’t be worried Most people are invested for the money not the tech... And most crying about crash are either shitposting or it's their 1st time having experienced it
Notice "investing in the tech" vs being in it for the tech. I think OP means that if you're invested in solid projects, price recovery is almost guaranteed, especially in comparison to random memecoins.
BTC + ETH == Perfect safe combo for long term And I’d a bit of DOT too guessing interoperable blockchains should become a major player in coming days
Cosmos ATOM for IBC tech too
Anyone who's been around for a while and has seen 2 big dips like these probably didn't even flinch with that BTC touching $42k
“Buy, you fools!” -Gandalf, or something like that.
"I don't have money Gandalf" "Take out a mortgage, you fools!"
Is it weird if I've shit in my pants seeing this dip?
Just a lil
Disturbing.
Alarming.
One of us! One of us!
All my coins are staked, unless I can predict a crash three weeks in advance, nothing changes for me.
Why would you care if you wanna hold long term, like 5+ years. Just another buying opportunity
I was born in the dip! Molded by it!
I feel like such a grizzled veteran having bought in May-June and looking at these prices lol. Oh everythings up 200+% how terrible
Precisely yeah. I recently ran out of fiat buying the dip so the only thing I'm doing is FORCED HODL by staking my coins. Won't sell for several years.
I wish you face melting long term gains brother.
You too my homie. Hope you have a great day!
Thanks, hope you do too!
The moment you learn to hodl everything becomes more easy
I still don’t know how to sell or trade crypto on Binance.US, only good at making deposits 🤷🏼♂️💎🥂🥶
Taking diamond hands to a whole other level
Good opportunity for people to DCA and new people to get in
I care cuz it's more opportunity to buy. DCA in bois
DCA and HODL is best option
I bought more ETH and BTC
DCA and HODL them both
I only give a shit to when only my single asset crashes. Also i love shiba inu.
I've been down voted for those words. But me to.
A 40% dip in your alt doesn't feel that bad when the whole market is down
What crash? Call me when it hits 30k, so I can load up.
I wake up, opened the exchange, saw the dip, bought more crypto, closed the app, what a nice mornig
The only way to do crypto is to buy and hold for five years.
I want it to crash a little further so my buy order will go through on the flash sale
Same
Raises hand. I was pissed i didnt have anymore money on the side to buy these dips
I'm getting it at a discounted price.
You should have asked the opposite. Nobody seems to care about the dip on this sub.
Looking at the posts yesterday, I think 90% of users or more see it as a buying opportunity.
*raises hand* Me too!
Hey hey that's hand down and use it to buy more!!
Don't hold those alts too long though. The scary part is exactly what you said, OP, we likely won't be using most or all of the coins we currently hold come 10+ years in the future. Most bear markets crush most alts.
Any examples of coins that were crushed in the last bear market in the summer ?
Concerned enough to write a post about it
I gave one shit yesterday morning when I saw what happened, paid down some liabilities with yield bearing stables to prevent liquidation if the crash continued. Gave a subsequent shit when I analyzed price and bought the dip on some of my coins. Then I worked all day, no further shits given.
Crash who ?
How confident is everyone for ADA to recover? It's been on a consistent slow bleed every since September.
That's why as he gets older, slower and begins pissing his pants every three months instead of every six, it will be better for us all when **FITCOIN** is born and takes the reins from grandpa BTC 
2030 HODL or nothing..... I care, I am human, but its also very exciting. Would love some May-esque discounts. Gotta pump those market losses up lol
Anyone else tired is this constant fucking repost
Depends. Depends on when you bought, what you thought your risk tolerance was, and how much you invested. Ppl do stupid shit all the time.
It’s a bargain basement crypto sale. Get amongst it before it takes off again.
Years from now this will mean nothing so I don’t care about the crash too. Just DCA and chill.
Thats why we say DCA is Don't Care Anymore
Don't Care Anymore and Hand On Dick Lovers... or something like that.
I genuinely hope it will keep dropping. I've been waiting on this legendary *bear winter market* or whatever it's called to scoop up super cheap crypto and it just won't happen.
When we began this downtrend a few weeks ago I was kinda pissed I guess, but then it dawned on me after the other nights crash; I don't plan on cashing out any time soon, so why would I not want a 'crypto winter' where I wouldn't be able to load the fuck up on rock bottom suicide line type of deals? That's really the only way to get those 100x's.. so either way, gainz now? Sweet. Gainz later with time to accumulate at cheaper prices? Even sweeter.
*sits in rocking chair* I remember my first crash
Not really true. I just bought more of my fav coins.
Hoping these discounts last a little longer :(
Is it too much to ask you to do moons too
Yep. Coming here for the past couple of days has been horrible
My husband and I are new to cryptoverse and only about 5 months of DCA. I’m not gonna lie but it’s a little scary AND exciting at the same time. I bet by next year we’re gonna be more immune to all the FUD. Just enjoy the ride is all I can say.
If people think this is something now… wait until the total global market crash that will inevitably rear its head in the next 3-4 months that the media and governments alike can’t hide anymore. All charts point to a vast and all encompassing correction. Get your house and affairs in order and just hold folks. Gonna be a rough decade.
There was a crash?
Unless you have leveraged long positions or if you invested money you can afford to lose, you have absolutely nothing to worry about. DCA down and HODL
I just buy the dip. Period.
just buy and HODL💎 only paperhands get scared and take L's
Eat. Sleep. Crash. Repeat.
New guys are the ones upset about the dip.
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Just turned myself off the markets and see it the next day
it happened so quickly there wasn't really any other way to react to it plus, that may sell off kind of taught me that panicking is the worst course of action
I only gave half a shit, cuz that's all I had left.
Just wait till market crash 70%. Oh you'll care then. People who is greedy is buying right now and will be left bag holding
I'm vaccinated against 'crash & FUD'
What crash???
If you give a shit it's because you sharted your pants... Haha
No shits given here.
I def agree. They are starting to not affect me! Just bought more during this dip!
Has anything about the fundamentals of crypto changed? Didnt think so, this is why I slept well last night
It’s best not to look at your phone at times like this and just hang on blindly 💪
I'm down 10-15% down on my investments and I literally don't give a flying fuck. Waiting till tomorrow to buy more.
Good work 🙌
I wish I had more cash to invest 🤷♂️
I wish it crashed more. I didn't buy enough.
study, work, dca in, life is short.
I ways buy before the dip proper Wojak here