04-21-2021, 08:47 PM
A tale of why I keep a picture on my desk of -99.82%.
<!-- SC_OFF --><div class="md"><p>Many of us here have been around crypto for quite a long time, particularly a large bunch will have joined in 2017. </p> <p>I am not going to say this feels similar to last time or make any predictions on prices, I am far too incompetent to make any judgements like that, as I will shortly point out; but I will make some observations that I hope can put a perspective on the current market, from someone that has gone through this. </p> <ul> <li> During the last bull run, crypto was everywhere. It got to the stage where the average person became interested, I even had family members who didn’t own a PC asking if they should buy those ‘<em>computer coins</em>’ and recently the same thing has happened again. </li> <li> Those same people that got burnt last time are coming back and flooding the market with more investment, which is great, but they are also much more conservative and risk averse. </li> <li> Alongside that we are once again at the point of ALT season with every coin pumping for no reason. </li> </ul> <p>This last point is the reason for this post. 4 years ago I like everyone else got caught up in believing I was a genius, every trade I made went up and I could see no downside. </p> <p>Along comes DBC. Many here will see this coin and shudder; it was heavily shilled at the time as a new technology that will move the AI revolution going forward, <em>it could not lose</em>, until it did. </p> <p>During the downturn it crashed HARD and unlike other coins it never recovered. </p> <p>I now use a printout of my Blockfolio losses related to DBC as a reminder to play the long game, purchase a coin with good following and good potential and just wait. </p> <p>And that was a short story of why I keep a printout of <strong>-99.82%</strong> on my desk.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/spartan0746"> /u/spartan0746 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/mvblzy/a_tale_of_why_i_keep_a_picture_on_my_desk_of_9982/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/mvblzy/a_tale_of_why_i_keep_a_picture_on_my_desk_of_9982/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Many of us here have been around crypto for quite a long time, particularly a large bunch will have joined in 2017. </p> <p>I am not going to say this feels similar to last time or make any predictions on prices, I am far too incompetent to make any judgements like that, as I will shortly point out; but I will make some observations that I hope can put a perspective on the current market, from someone that has gone through this. </p> <ul> <li> During the last bull run, crypto was everywhere. It got to the stage where the average person became interested, I even had family members who didn’t own a PC asking if they should buy those ‘<em>computer coins</em>’ and recently the same thing has happened again. </li> <li> Those same people that got burnt last time are coming back and flooding the market with more investment, which is great, but they are also much more conservative and risk averse. </li> <li> Alongside that we are once again at the point of ALT season with every coin pumping for no reason. </li> </ul> <p>This last point is the reason for this post. 4 years ago I like everyone else got caught up in believing I was a genius, every trade I made went up and I could see no downside. </p> <p>Along comes DBC. Many here will see this coin and shudder; it was heavily shilled at the time as a new technology that will move the AI revolution going forward, <em>it could not lose</em>, until it did. </p> <p>During the downturn it crashed HARD and unlike other coins it never recovered. </p> <p>I now use a printout of my Blockfolio losses related to DBC as a reminder to play the long game, purchase a coin with good following and good potential and just wait. </p> <p>And that was a short story of why I keep a printout of <strong>-99.82%</strong> on my desk.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/spartan0746"> /u/spartan0746 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/mvblzy/a_tale_of_why_i_keep_a_picture_on_my_desk_of_9982/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/mvblzy/a_tale_of_why_i_keep_a_picture_on_my_desk_of_9982/">[comments]</a></span>Kind Regards R