I'm Waivering

[Anonymous No.58438140]

I thought I was diamond handed... I've got most of my life savings (450k) in Alts and been weathering everything since last October. Pretty much back to my original investment now.

I think this market is about to go a lot lower. But, last two times I sold for that reason I missed two legs up. Should I just keep holding and weather the potential upcoming storm? I smell 6 months of crabbing and the 40k region. I told myself I wouldn't second guess the plan but the whole global economy looks poised to crash. Or, is this what capitulation and bottoms feel like?

[Anonymous No.58439237]

>>58438140
Of course its gonna get lower, we will in fact crash and slowly bleed out over the next month to 52k

Alts will see even worse drops
Anyone that has been in 2 cycles knows this rodeo

[Anonymous No.58439268]

>>58438140
I've been "diamond handing" Bitcoin since before WSB came up with that meme. It lost over 85% of its peak value at least 4 times by now. It's fine.
You knew crypto was volatile as fuck. Or you should have known.
I don't know what shitcoins you put your life savings in, but I hope you had a solid investment thesis to back it up.
As for me, I'll continue to ride more horrific slow-motion crashes over the coming years.
The global economy has been "poised to crash" for a couple decades now. And when it did crash (2008, 2020), it recovered spectacularly, which of course convinced the mouth breathers those were not the Real Crash they were wringing their hands about.
If you don't know what you're doing here, then GTFO. VTSAX will happily take whatever you've got left and give you a gentler, safer return. This is not meant as a diss. Many of the folks that go into crypto really have no business doing so, and should just have 3 funds at a traditional brokerage like VTSAX/VTIAX/VBTLX or FXKAX/FTIHX/FXNAX.
But nobody wants to hear that, because it won't flood their brains with dopamine the way gambling at the shitcoin casinos would.