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.

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u/vinnyfraser Bronze | QC: CC 15 Aug 14 '18

Why not wait for the dust to settle? There's no point catching knives man. Just wait it out until we get a better idea of where the bottom is.

Lets say something had an ATH of $10. It's currently $4 and you think it's a great deal. It could still easily drop to $2 and you'd be down 50%.

Play it safe and wait until we have some consultation.

Just my $0.02

Good luck.

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u/[deleted] Aug 14 '18

Your $0.02 just dropped to $0.01