Now that we finally got chased out of the stagnation and bitcoin fell significantly in only 10 days, holders are crawling out and whine with melancholy about the money they once “had” as crypto was in the delirium of last year end. I put “had” in quotes as those were numbers on the screen of some portfolio app and not “real” money as rarely any of the holders cashed out, greed to grab even more thousands of easy bucks was stronger and cost them a lot of anxiety and hair pulling all the way to the current lows.
“My ATH was a little over 410k. Right now I have 60k and I’ve catching the falling knife for the last 11 months. I’ve never so depressed in my life. I wanted to avoid short term taxed that is why I held. My total $ invested is a little over 100k. That is life savings, life’s stocks, lines of credit, everything. I am a brink away from screaming my lungs out and and fall into a nervous breakdown. Please save the “don’t invest more than what you can afford to lose” for another time. I make 40k a year, it will take me over a decade to replace what I’ve lost.”
Couple of guys responded to him with his stories – one of them invest 27k and now has just above $7k.
“I been in Crypto since the last big 13′-14′ Crypto bubble. This one is even worse. I did not think it could ever get any worse than that one. Almost 5 years in the game now & my profits are in collapse. Still up but I am fading fast. I held most of my positions during the peak & starting re-buying ETH heavily around $400 thinking there’s no way $120 would ever be hit unless total protocol failure. I am not going to comment on the amount I had on paper. If I even think too much about it I’ll become very depressed. I will not sell just like in the 14′ crash. I waited too long to start panic selling now. For me it’s all the way or nothing at all I guess. I am still in disbelief ATM. Fundamentals are vastly accelerating. To have prices this low makes no sense but nothing in Crypto really ever makes sense at least since May of 2017 when the hype really started. My target is still $5000 ETH into 2020 which is only starting about 1 year away. These prices are absolutely a steal for anyone now just entering Crypto.”
CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com