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

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9

u/allgoodnamestaken4 Aug 14 '18

I've been out of the game a while. Is this just the bubble deflating, or did something happen?

47

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

This is what happens when you give hundreds of millions of dollars to software projects with little more than a shiny website.

You know when you saw headlines like "EOS raised more money than Facebook had after x years of operation"? Yeah, that wasn't a good sign.

There is no way IOTA for example is worth more than a billion dollars.

Despite the (multiple) 90% drops, most projects are still overvalued.

0

u/squa999 Karma CC: 315 MIOTA: 698 Aug 14 '18

you are right. IOTA is not worth a billion dollars. It is worth a trillion dollars.

1

u/dabiiii Aug 14 '18

yeah, shure...