02-23-2021, 02:51 AM
If this correction made you panic, you've invested more than you can afford to lose.
<!-- SC_OFF --><div class="md"><p>Didn't think that today would be the day of "<em>Don't panic</em>", "<em>This is just a minor dip</em>" and suicide hotline posts, but here we are. And what we see is a lot of people panicking in the comments, or attempting to calm their own nerves by telling you guys not to panic and waiting for reassurance in the comments.</p> <p>This is why we always say to invest only what you can afford to lose. It's boring, but it's true. </p> <p>What I've noticed is that many people here:</p> <ul> <li>Don't do their own research, don't care about tech,</li> <li>buy cryptos based on Youtuber's shilling videos,</li> <li>or based on shilling comments on Reddit, Discord, etc.,</li> <li>or even worse, pick coins based on names and logos,</li> <li>and expect to become millionares overnight. </li> </ul> <p>These people are here to gamble with, and not to invest in cryptocurrencies that one day might disrupt the global financial system.</p> <p>They must've thought they are really smart and lucky with their gains these past few weeks. But in reality, if I asked my dog to pick 5 random coins from the 4th page of CoinMarketCap, I would've made the same gains probably. </p> <p><strong>If today's price movement scared you, or made you panic, you're in deeper than you should be!</strong></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Weaver96"> /u/Weaver96 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/lpqn3x/if_this_correction_made_you_panic_youve_invested/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/lpqn3x/if_this_correction_made_you_panic_youve_invested/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Didn't think that today would be the day of "<em>Don't panic</em>", "<em>This is just a minor dip</em>" and suicide hotline posts, but here we are. And what we see is a lot of people panicking in the comments, or attempting to calm their own nerves by telling you guys not to panic and waiting for reassurance in the comments.</p> <p>This is why we always say to invest only what you can afford to lose. It's boring, but it's true. </p> <p>What I've noticed is that many people here:</p> <ul> <li>Don't do their own research, don't care about tech,</li> <li>buy cryptos based on Youtuber's shilling videos,</li> <li>or based on shilling comments on Reddit, Discord, etc.,</li> <li>or even worse, pick coins based on names and logos,</li> <li>and expect to become millionares overnight. </li> </ul> <p>These people are here to gamble with, and not to invest in cryptocurrencies that one day might disrupt the global financial system.</p> <p>They must've thought they are really smart and lucky with their gains these past few weeks. But in reality, if I asked my dog to pick 5 random coins from the 4th page of CoinMarketCap, I would've made the same gains probably. </p> <p><strong>If today's price movement scared you, or made you panic, you're in deeper than you should be!</strong></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Weaver96"> /u/Weaver96 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/lpqn3x/if_this_correction_made_you_panic_youve_invested/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/lpqn3x/if_this_correction_made_you_panic_youve_invested/">[comments]</a></span>Kind Regards R