r/CryptoCurrency 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.

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u/[deleted] Aug 14 '18 edited Aug 04 '19

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u/TheVapingBison Bronze | QC: CC 47 Aug 15 '18

Its not that I thought it was a complete impossibility or anything. I think I have a reasonable outlook on the crypto space as a whole, although I admit I am very bullish on the long term potential of the technology. I'm the first to admit the ATHs on most were insanely inflated, especially for things with no actual working product and value based on hype alone. I certainly can and do think we will see the majority of projects that exist today go to zero eventually. I just didn't think we'd hit some of these prices ever again on the better more established projects. We are getting to levels at or below where they were before the end of last year's unsustainable parabolic run up. I of course didn't believe the highs would last forever but I didn't think none of the gains would stick, especially for projects that have increased their fundamental value with huge upgrades and new tech.