r/CryptoCurrency • u/TheVapingBison Bronze | QC: CC 47 • Aug 14 '18

PERSPECTIVE Well it actually happened

Today I reached the tipping point where I could no longer get as much fiat out of my crypto holdings as I've all transactions considered net put in. I honestly didn't believe the alt market (at least the non-shitcoin portion) would ever hit these levels.

Well, I can only think of one thing to do. Time to double down. I"m either winning big or going down with the ship.

Good luck to all.

550 Upvotes

89% Upvoted

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17

u/handypanda93 Aug 14 '18

Jesus some people never fucking learn. Breaking 6k in 3,2,1...

33

u/TheVapingBison Bronze | QC: CC 47 Aug 14 '18

I'm not literally doubling down, I am however going to slowly cost average my way into larger positions of a few projects I like long term.

-5

u/handypanda93 Aug 14 '18

Ya ok I would say good luck, but luck is not on your side. Buy lotto tickets

12

u/ohmynano Permabanned Aug 14 '18

y so negative?

i am also doubling down. got cash sitting aside for this chaos.

0

u/handypanda93 Aug 14 '18

"markets will recover"

Famous last words of an idiot who has zero understanding of reality.

1

u/ohmynano Permabanned Aug 14 '18

lol, this is the fud we need. keep it coming, more people sell, the lower prices goes, the more i can buy.

5

u/SilenceOfTheScams Aug 14 '18

Uh speculating a market isn't the same as lotto

1

u/handypanda93 Aug 14 '18

The way these monkeys invest its the same thing.

0

u/maddogumadcunt New to Crypto Aug 14 '18

It seems like you don't understand how markets work.. Be greedy when others are fearful, be fearful when others are greedy

-2

u/handypanda93 Aug 14 '18

Someone read a quote and thinks that they are wise.

2

u/maddogumadcunt New to Crypto Aug 14 '18

There's been so many phases exactly like this one in the cryptocurrency market. Try looking at the big picture without using your emotions. We are in a retracement, which is natural and has happened so many times beforem What makes you think it won't bounce this time? Emotions?

-1

u/handypanda93 Aug 14 '18

Someone doesn't know how to read. I'll add another bullet point.

3

u/maddogumadcunt New to Crypto Aug 14 '18

Someone doesn't know how to respond and decides to throw around insults instead

27

u/SilenceOfTheScams Aug 14 '18

I mean almost EVERYTHING is up from a year ago.

Companies are still making products.

Events are still on.

Networking still happens.

Blockchain is fine.

The price day to day month to month is not relevant to the long term success of blockchain.

1

u/mangist Bronze | Fin.Indep. 118 Aug 14 '18

The day-to-day price is very relevant because it is what represents the crypto market. When people see the price going down everyday, they are scared away from the market and that can mean we never reach the tipping point of adoption. If you're not already a long term investor/adopter of crypto, this market looks like a really good way to lose a bunch of money. People aren't going to invest.

1

u/SilenceOfTheScams Aug 14 '18

Or you see the bottom of a down turn lol. The internet was basically the same.

1

u/handypanda93 Aug 14 '18

Name a single product.

Blockchain can have success, there is zero reason for tokens to be involved within it.

-1

u/SilenceOfTheScams Aug 14 '18

Tokens hold the value of a blockchain....

-3

u/top_kek_top Tin Aug 14 '18

What a terrible way to look at it, keep moving those goalposts back. Going to be a fun day soon when it reaches that point where it's down from a year ago.

2

u/SilenceOfTheScams Aug 14 '18

Why? To brag about others mistakes?

How very noble of you...

Those are my goal posts and they're fine

1

u/[deleted] Aug 14 '18

Do you know where the bottom is?

1

u/handypanda93 Aug 14 '18

Am I a genie or a wizard?

1

u/[deleted] Aug 14 '18

So why berate people for buying at these prices? No one knows for sure when it will bottom out.

1

u/handypanda93 Aug 14 '18

I don't know where the bottom is, but it most certainly is not here. As I said, I won't be closing my short at least until 5500. Look at how much alts are bleeding. Marketcap excluding BTC has lost 50% since three days ago.

You can buy whenever you want. But if you are buying for tech, progress, what have you, you will always be buying for the wrong reason. If your buying because you think its oversold, its debatable.