Cryptocurrency Daily Discussion - January 22, 2022 (GMT+0) |
- Daily Discussion - January 22, 2022 (GMT+0)
- It's actually impressive how fast people lose interest in crypto.
- I will never trust any of you cowards ever again!
- If you are panic selling instead of accumulating right now or at least hodling, you are doing it wrong
- The Solana network is rekt and unusable. The sub is a havoc
- The truth is Crypto prices will go even more down.
- The market has dropped -48% from its 90 day high and here I tabulate how many months it had took to recover from such an event.
- This is my first Crypto Crash and I'm sure I'm not the only one. Any advices, tips and tricks from the CryptoVets on how to handle my first ever crash?
- If you're in for the long term, then these prices should be making you fucking ecstatic.
- El Salvador: Never invest more than your people can lose, I guess?
- This is the best thing to happen to crypto for a while
- Anybody else out there literally not give a rat's ass about the current situation?
- And Solana is down again! People are unable to transact and even the Oracles are broken.
- El Salvador just bought 410 Bitcoins.
- Don’t be in denial. This is what bear market looks like. Don’t expect BTC to bounce back to 69k in no time.
- This bear market actually revealed how "financially fragile" most of the crypto users are.
- No, you don't have to be overinvested to be scared right now.
- I took this subs advice today and it was the worst decision I have ever made.
- HODL culture is a very dangerous cult (esp. for altcoins), please stop doing this to people and let them take profit whenever they want. There is nothing wrong with taking profit when you're 30% up. Not everything has to be up 5000% for you to approve of someone else's unHodling
- You might have been too late for this cycle, but you’re now early for the next one
- Funny how all the people who like to say "we don't know sh** about Fu**" suddenly have a crystal ball to tell us were dropping to zero and the whole economy is collapsing.
- Crypto will go to 5 Trillion in 2022
- People are losing their shit and I'm just mad cause no Fiat left to buy the dip.
- If crypto was supposed to be free from government intervention then why is it getting so affected by the FED and stock market?
- Which coins won’t reach their ATH ever again
- We will be fine again, just stop looking at charts now, enjoy your weekend, find a wife, get a kid, raise it, retire and than your portfolio should be green
| Daily Discussion - January 22, 2022 (GMT+0) Posted: 21 Jan 2022 04:00 PM PST Welcome to the Daily Discussion. Please read the disclaimer and rules before participating.
Disclaimer:Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here. Please be careful about what information you share and the actions you take. Do not share the amounts of your portfolios (why not just share percentage?). Do not share your private keys or wallet seed. Use strong, non-SMS 2FA if possible. Beware of scammers and be smart. Do not invest more than you can afford to lose, and do not fall for pyramid schemes, promises of unrealistic returns (get-rich-quick schemes), and other common scams.
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| It's actually impressive how fast people lose interest in crypto. Posted: 22 Jan 2022 01:03 AM PST Down by 50% ? Rip the crypto market is dead and stocks are superior since they only went down by 2%. Oh crypto is up by 100%? God damn I should yolo my life savings. Oh shit I just lost the mortgage cuz crypto went down by 40% again. Seriously, why do people get shocked when this happens? If you're new to the market I understand, but if you've been around since 2017, or even 2020 then you should know better than this. It's surreal how fast the mood changes from "Crypto currency is the future" to "Everything in Crypto sucks" And maybe that's why crypto is a joke to the non-cryptoers. [link] [comments] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| I will never trust any of you cowards ever again! Posted: 22 Jan 2022 06:40 AM PST I trusted all of you. You said you would HODL. Instead you SODL. Your bloodlines will be forgotten in history. The gene pool will weed you out as inadequate. The future generations, while they last, will be poor and dumb. Is that what you want for your children and their children? Poor and dumb? Too bad, that's what they're going to be. All because you sold during the bear market in a moment of weakness. We were brothers and sisters in arms. A valiant group of individuals hellbent on changing the world. It turns out there are only a few of us. with true strength, both mentally and physically. We've been stabbed in the back by short sighted individuals who are scared easily into selling at a loss. Take this as a call to arms. A wake-up call. I am insisting that you all HODL. We will defeat the bears and feast on their flesh and blood on a glorious round table with the finest mutton, mead, and life changing profits. Our future generations will be smart, rich, and attractive. We will become stronger than ever if only you have the courage. HODL. [link] [comments] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 22 Jan 2022 06:44 AM PST In tough times like these, it's important to take a BIG step back and remember the plan. It's pretty simple: buy low, sell high. I've been around the block a few times and let me tell you that the LAST thing you want to be is the last seller in a crash. Those people are the ones who give their money to the people who are investing correctly. I promise you, there will be a better opportunity than today for you to sell in the future. If you sold last week, congrats, buy back in now to lock in a nice gain in coins. The bottom is too hard to time, and it'll probably happen in the middle of the night and get away from you before you have a chance. Then you'll be waiting for it to come back down, then it'll go above your sell price, and you'll lose coins. If you haven't sold yet or you don't have any extra cash to accumulate, you're holding on for dear life. There will be better days, do not let emotion make you lose focus. [link] [comments] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| The Solana network is rekt and unusable. The sub is a havoc Posted: 22 Jan 2022 09:47 AM PST The Solana network is totally congested and unusable in anyway right now. When people try send coins out of the wallet it gives 404 error lmao. Tryna undtake some coins? Transaction fails. Explorer says 404 error. Some people still wanna take some risk and add collateral and the transactions aren't going through. It's basically an offline blockchain rn. This used to be discussed on the Solana sub few times and used to be called out as FUD. The same shit is getting agreed now. I used to hear shit like decentralisation is not the only important aspect, network can be usable and also centralised and be successful. decentralisation IS important The bots are spamming w micro transactions because they're basically free. The only way to fix this now is increasing the transaction fees to make it expensive for bots to spam. The sub is total havoc w people telling the transactions aren't going through. [link] [comments] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| The truth is Crypto prices will go even more down. Posted: 21 Jan 2022 11:29 PM PST This crash is triggered by many factors. Bitcoin is already at 35k$. We are yet to see Feds increasing the interest rates which they have to increase to curb the inflation Prediction is that this decision will come by march so during Feb to March the chances that crypto prices will increase during this time is negligible. Now imagine cryto prices declining(Or being stable) till march and then feds will decide to increase the interest rate. Imagine the amount of panic selling that would be there. Also when interest rates will be increased there would be less money in circulation so naturally less people will invest in crypto so it will go even more down I am scared to say this that it may reach 20k$ or even less. Then only it can go up [link] [comments] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 22 Jan 2022 10:31 AM PST
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| Posted: 22 Jan 2022 05:22 AM PST I'm into Crypto for about 6 months now and this is my first ever serious crash. I've never seen such dip before, these double digit red percentages are staggering and hurting my soul. I'm sure it's not only me as most of the people entered crypto in 2021. Everyone has its own strategy to handle the situation, for example I'm reading some positive posts here in the sub for my daily dose of Hopium. This is how i try to survive. I wanted to ask the more experienced users, the ones that have already survived several crashes back in the days, for advices for the newbies like me. How do you handle such volatile times, how do you keep yourself menially stable, what do you change in your daily routine to handle the losses. If there is one single advice you should give to someone like me, what would it be? Thank you! [link] [comments] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| If you're in for the long term, then these prices should be making you fucking ecstatic. Posted: 22 Jan 2022 12:19 AM PST If you are in the tech for the future, and are building for several years, a drop of 20% should be celebrated. It's weird to think about it, and can even be difficult to look at the sea of red, but its true. Whether its caused by cascading liquidations rippling across the entire market, or a ban from a foreign country, its irrelevant. If you believe crypto is the future and your greatest chance to financial freedom, then you should be absolutely cheering at this point. Call it a dip, a fall, a crash, a fucking doped up junkie grizzly bear carrying a scythe wearing a black executioners hood. Call it whatever you want, compared to the ATH in Novembers, the tech you believe in is now selling at a 'buy one get one free' pricepoint. People riot over price discounts that big on Black Friday sales. Why should this be any different? [link] [comments] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| El Salvador: Never invest more than your people can lose, I guess? Posted: 22 Jan 2022 06:32 AM PST I am pro-crypto for sure, but I see many people in here praising the El Salvador/Crypto "saga" and I don't understand why? A week ago, the Credit Rating Agency "Moody" downgraded El Salvador's sovereign bonds due to their irresponsible and crappy implementation of crypto. Do you know how president Nayib Bukele addressed the matter? By replying "BREAKING: EL SALVADOR DGAF". Do you know who certainly "GAF"? The lenders that a country in a financial crisis like El Salvador heavily relies on. El Salvador is now down over $20 million since investing in BTC. This amount might not be a lot from your perspective, but we're talking about El Salvador for god's sake. One-third of Salvadorans can't afford food yet their "crypto bro" president is day-trading Crypto on his phone with tax money. Keep in mind, I am not attacking crypto per se. I am addressing how bad the implementation is and how terrible the consequences can be. The whole thing was rushed and not discussed enough. There is no transparency at all and a lack of education on how bitcoin operates. A gov-run BTC wallet with so many reported hacking & vulnerabilities breaches along with a naïve "Mass adoption & promising projects" propaganda is not a good mix. As a country filled with unrest, crime, and corruption, blind adoption is not a solution. Especially for developing countries facing many significant problems that put at risk the lives of their people. For many developing nations, the failure of El Salvador's crypto vision will only confirm their doubts that adopting such technologies is ineffective. Mass adoption means nothing if the implementation is this crappy. Please stop glorifying a dictator who's objectively harming his own people and will eventually harm other nations' perception of crypto. Thanks. [link] [comments] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| This is the best thing to happen to crypto for a while Posted: 22 Jan 2022 01:46 AM PST Yes you read my title right. this market crash and burn is the best thing to happen to crypto for a while. sure most of us are down over 30%. sure it sucks seeing your investment of hard earned money (or not in some cases) capitulate. however that being said, the joy of watching all the armchair experts who have been in the space for 5 minutes lose their shit is simply priceless. call me evil, an a hole, machiavellian or whatever. but I am enjoying this moment of big old humble pie. crypto has been trending towards a meme, just another fad in pop culture. something you become a part of cos its cool, not because of the tech, disruption or any logical reason. we are going to see a lot of noobs and dweebs get cleared out from this space. we are also going to see a lot of scam coins, shitcoins, and downright terrible project disappear for the better. this is the massive clean up we have needed for some time. the markets, and I mean ALL markets have been frothing for some time now. if you truly understand and believe in crypto you will stay, and I will see you in 6 months time on the other side. to all the obnoxious morons who thought they were so clever getting into crypto for the culture, GOODBYE!!! and good riddance. [link] [comments] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Anybody else out there literally not give a rat's ass about the current situation? Posted: 22 Jan 2022 08:47 AM PST I own crypto in three different ways.
When I put the initial money into it I considered what percentage to allocate to it and also assumed that this money could very easily be totally lost. I thought of it like playing a lottery ticket, but with much better odds of success than the lottery. So far, I'm still up and don't see any reason to bail. I'm in what I consider to be legit projects and have the experience of having seen many, many stock market up's and downs, so this stuff just doesn't scare me. I've also been DCAing forever, so I'm not all in only ATH. I'm staking where applicable. (ADA) Beats the banks .01% interest rates on a CD, tha's for sure. When you're mining and the price goes down, you're suddenly getting a lot more. A pleasant surprise. I guess what I'm trying to say is that if you didn't stupidly mortgage the house, and you're in legit projects that will still be around a long time from now, then this current stuff is just noise. Good luck to all. [link] [comments] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| And Solana is down again! People are unable to transact and even the Oracles are broken. Posted: 21 Jan 2022 11:50 PM PST As liquidations cascaded, Solana went down again. https://status.coinbase.com/incidents/nd9hh1yz3dk3 Coinbase says network wide degraded performance One of the main oracles of Solana, Pyth Network is broken and is not able to tell the prices of assets across the network. https://pyth.network/markets/#SOL/USD As a result, many services running on Solana are either broken or are going to liquidate users with the wrong price feed. As of this moment, there is no update on the solana status twitter page on the state of the network. The main status page shows "network instability" [link] [comments] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| El Salvador just bought 410 Bitcoins. Posted: 21 Jan 2022 02:38 PM PST
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| Posted: 22 Jan 2022 12:03 AM PST I'm seeing a lot of posts here and on Twitter, people promoting "buy the dip" or "hold tight it'll bounce back". Truth is no one knows how far down market will go and if or when it will bounce back. Interest rates are tipped to rise, we are on brink of a war, Omicron is out of control and the bad news keep piling up. Point is, don't take anyone's advice because in crypto world no one has any idea what will happen next. Keep your money safe and don't make decisions that'll make you miserable. I have invested at wrong times many times now and I know the feeling. It's awful. So assess your personal situation and expect for things to get worse. [link] [comments] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| This bear market actually revealed how "financially fragile" most of the crypto users are. Posted: 22 Jan 2022 02:07 AM PST For the record I am not including those who were in it since the beginning of July of last year. One bear market was all that it took to send crypto users into total disarray. There are panic sellers, those that fearmonger --HOLY SHIT IT IS GOING TO $0. EVERYONE SHOULD PANIC SELL-- and there are those that keep calm and know that it is inevitable for BTC to bounce back where it was in November. But does that happen? Hell no. Maybe some of you. But looking at social media, mostly Twitter, during the crash, most of the people are not cut out to invest, it seems regardless of how much they actually invest. But ultimately, I think it is a good thing since what it does is weed out the competiton so that there's more profit for those that are not fragile. [link] [comments] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| No, you don't have to be overinvested to be scared right now. Posted: 22 Jan 2022 08:56 AM PST I'm tired of all those repetitive replies like "OP clearly overinvested", "never invest more than you can loose" etc. No. Even if you put reasonable amount of money every month or week, days like this one hurts. I'm tired of the alpha male, ultra diamond hands attitude here. For example: 1) I put small amount of money every week and invest in BTC and ETH 2) No, I'm not selling (so don't even start with "if you not sold, you haven't lost anything) 3) I believe in crypto long term But still. Days like these are scary and I'm not afraid to talk about it. If someone will tell you "If you are scared, crypto is not for you" please don't listen to them and continue what you are doing. They are just random people from the internet pretending to be so brave while they are probably more scared than you. It's completely normal to feel bad about it. It's nothing wrong with you and it's normal human reaction. Please never let other people to force you being insecure about your own emotions. Thanks. [link] [comments] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| I took this subs advice today and it was the worst decision I have ever made. Posted: 21 Jan 2022 12:03 PM PST With everything being in the red this week I started listening to all the post that said take a break and enjoy life, stop looking at the charts and go outside. That's when I made the worst mistake of my life, I Listened to people on r/CryptoCurrency. I put the phone down and looked around only to see the very thing I've been hiding from my entire life, bills, debt, crippling depression, no social skills, the inability to relate to others and worst of all being poor. Being poor sucks.
so the moral of the story is don't listen to people on this sub, the real world sucks and they don't even have gifs. TLDR: its not all sunshine and rainbows out in the world, so keep looking at the charts and shitposting. [link] [comments] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 22 Jan 2022 08:18 AM PST I am NOT blaming anyone here. This is my personal experience backed up with some data. DYOR. NFA. I will try to explain why you cannot always expect HODL to work in the long-term and why we should stop BLINDLY following this gold-standard consensus. Again DYOR. Nothing wrong with HODLing BTC and ETH for the very long-term, BUT it's much more complicated with "altcoins"... Let's dive deeper. I myself am a victim of the HODL bs (a blind believer) and I still have bags from 2017/2018 that have not managed to pump to prices I bought them at during the 2017 bull run and 2018 crash (yes even after I DCA'd those years). I HEDL for too long and didn't take profit when I had to. Now I don't want to sell them at a loss, but I don't really believe they will ever reach their 2018 ATH. Let's get real. HODLing does NOT work for every single coin out there. No matter how strong the project is, the reality is, not everything will go up forever. With the exception of maybe BTC and ETH. You cannot predict the market. A strong project can 100x overnight but then go back down 70% and never again see its previous all-time high. There is nothing wrong with locking your profits. Don't let anyone make you feel bad about it. Even if you lock your profits at 50%, you are still 50% up. Be consistent. A couple of nice 2x trades, will get you to your first million a lot faster than chasing 1000x moonshots all the time and losing $100 here, $100 there, another $50 elsewhere. Consistency is key. Here are some examples: Imagine bag holding all these years, and not selling the following coins when they were trading at crazy high prices. You didn't have to sell exactly at an all-time high (cause who can predict the top/bottom anyway). But my point is, you'd be better off in the long-term, if you sold these when they were pumping like crazy and locked your profits close to the ATH when you could (even 20% lower than the ATH would have done wonders to your portfolio). Once you lock your profits from altcoins that you can't be sure of for the long-term, then you can funnel those profits into solid projects like BTC and ETH. Or hell, even staking your stable coins.
The list of top 100 coins on CMC today is VERY different from the top 100 of 2017 and 2018. And I'm sure it will be very different in 3-5 years again. [link] [comments] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| You might have been too late for this cycle, but you’re now early for the next one Posted: 22 Jan 2022 01:42 AM PST For newcomers to the market, I know that times are tough at the moment so I wanted to try and provide some light in what could become a dark tunnel for a while. Crypto caught my attention in late 2017, mainly due to constantly seeing bitcoin memes on reddit (You know that gif with the coin on the vertical rollercoaster) well that was posted non-stop as bitcoin hit higher highs everyday on the way to $20,000. By the time I finished doing some research and carefully selecting my buys, I happened to sell my car. I decided to invest 25% of it into crypto on Jan 8th 2018. Lol you heard that right, Jan 2018, the entire market crashed and my alts bleed 80% plus, they continued to bleed until I lost about 85% and I stayed red for nearly two years. Instead of selling and exiting, I decided that with the halving every four years I was this time in early for the 20/21. I held, dca'd and saw this sub turn to a ghost town (only recently got my own account to get some moons) but eventually the next cycle came. Time in the market always beats trying to time it, so get ready to say you were early for the 23/24 cycle ATHs. [link] [comments] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 22 Jan 2022 06:15 AM PST If TA on the way up is garbage, than TA on the way down is garbage too. We could bounce like 30% on some random ass news within a few days. We could also continue plummeting (and give many complainers around here the opportunity of a lifetime, but that's none of my business). I know the DCA people around here are gobbling this mini crash up, but we all stand to benefit from these current prices. You can never time the exact bottom so you might as well start now if you haven't already. The crazy thing is that none of the FUD is even Crypto related, it's all about interest rates and the stock market and war and whatever. This too shall pass. Keep your heads up folks, and don't listen to the naysayers. Love you all. [link] [comments] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Crypto will go to 5 Trillion in 2022 Posted: 22 Jan 2022 10:39 AM PST Yes you heard me it may be half of its ATH right now but Crypto will go to 5 trillion dollars this year that's right in 2022 in fact I guarantee it and this IS financial advice. I don't know shit about fuck? You are wrong I know this because I did the TA and it is set for a massive massive super massive bounce and relief rally. The king will jump to 45k and dump to 39k for one last correction and then off we fricken go like no one has ever seen. What other proof do you want? Hash rates at ATH, PoS staking / TVL at record highs, illiquidity rates, record coins and tokens off exchanges, the log charts showing we never topped, extreme fear, bears super greedy as hell, how much more do you want? I am so fucking bullish I am getting a fricken pickle or a hard on so pls recommend me to some NSFW content thanks [link] [comments] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| People are losing their shit and I'm just mad cause no Fiat left to buy the dip. Posted: 22 Jan 2022 01:44 AM PST Like the title says, I'm at home on a weekend with the GF thinking of solutions to my problem. My money is coming in a week but I can't use too much cause of other things that need to be paid like car insurance and electricity. GF wants to go swimming but I'm coming up with excuses not to go, 10 euros is just too much. Looking for shit to sell that I don't need and even thinking on selling a kidney but that would be in the future. Stacking hard on Ramen and apples because they're cheap. Do I really need my bed if i have a mattress? It's winter but I can turn off the heating and just wear a winter jacket at home? How do I go softly about telling my family I won't be visiting or the GF about going on vacation or even swimming? I need your help r/cc, help me find a solution to all my problems because I know I'm not the only one. I'm open for Ramen recipes as well [link] [comments] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 22 Jan 2022 07:31 AM PST I'm reading a lot of "don't worry, the market is only dipping cause the FED released a statement" or "the stock market is down this why crypto is also dipping" These things should never be an issue or else the whole concept of crypto is gone… If anything, I thought DAOs were supposed to take over the FED not the other way around. I'm already knees deep in major DeFi and DAOs like AAVE and BitDAO. What's going on? Why has this become an issue to us? If the FED and stock marker are capable of controlling crypto then it basically lost its main selling point [link] [comments] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Which coins won’t reach their ATH ever again Posted: 22 Jan 2022 07:27 AM PST Everyone preaches "This time is different". Now obviously to a certain degree that is true but just like 2017 I am almost certain some coins seen in the top 50 today will not be seen again reaching its previous ATH, probably forever. The key here is to invest in what you believe in rather than picking a few random coins in the top 50 and holding them without even knowing their utility. Because In a situation like now you are probably trying to break even at minimum and move on. This is completely the wrong idea. First off, always research your investments utility and if you picked some coins blindly based off social media for example, research what they do NOW, and I don't mean reading the Coinbase info on the coin, properly understand the fundamentals. If you have a solid understanding of its function and believe it will be of use in the future then Hold. Or even invest more. If it simply does nothing of use I wouldn't wait to break even, it is most likely the time to cut your losses and find promising useful coins. I am interested to know which coins people here believe won't reach their ATH again that are in the top 50. Bull markets make your rich but bear markets make you wealthy Edit: seems ICP and nano are quite popular, but does anyone believe some top 15 coins won't be seen again tho and why? [link] [comments] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 22 Jan 2022 08:04 AM PST When the dotcom bubble burst in the year 2000 i was 25 and fully invested, and my 10x went down to basically nothing. I was devastated cause we felt so invincible back than and i almost wanted to sell everything. I kept the stocks, for days and weeks i looked at the charts, hoped for another pump, it didnt came. Finally after some time i almost forgot my stocks, i accepted my loss and i continued my life. Found a wife, got a kid and almost without noticing it, the stocks began to rise again... it took 15 fucking years for a recovery until we reached the old ATH again from 2000, but we reached it. If u believe in the tech, if u believe that cryptos are here to stay and that your coin is strong enough to survive a crypto winter, you might be lucky in the future. No one knows now whats happening but patience is important when trading. I think the crypto community especially needs to work on attention spans and expectations. [link] [comments] |
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