02-11-2021, 12:41 AM
Can I just thank y'all for knocking some sense into me and getting me out of DOGE?
<!-- SC_OFF --><div class="md"><p>After reading more in this sub, I literally sold that shit <em>just in time</em>. Now it's in ETH and dear lord I feel safer. Y'allsies saved my ignorant ass.</p> <p>The thing that took my blinders off: <em>one person</em> owns 1.9 Billion in Doge Coin! That's like a quarter of all DOGE. I didn't know that until looking at this sub! If that <em>one person</em> suddenly sold? I'd be f***ed. Value would do like a 90 degree drop because of how rapidly others would sell. Here I was thinking that, if value took a downturn, it would be a relatively gradual taper and I would have time to exit. Nope. Also, if <em>I</em> were that <em>one person</em>, you better believe I <em>would</em> sell. <strong>Thank you</strong> <a href="/r/CryptoCurrency">r/CryptoCurrency</a></p> <p>To those of you still in DOGE, who have made a nice profit: more power to you. I personally just cannot stomach that kind of risk.</p> <p><strong>Edit</strong>: <a href="/u/Bot-01A">u/Bot-01A</a> just very kindly let me know that I made a common but major mistake in the way I was understanding the market. I guess that 1.9 bil owner couldn't have sold all at once, like I'd assumed, but instead would have had to sell it in increments. Whew! Still glad I got out, though.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/evemeral"> /u/evemeral </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/lgzci8/can_i_just_thank_yall_for_knocking_some_sense/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/lgzci8/can_i_just_thank_yall_for_knocking_some_sense/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>After reading more in this sub, I literally sold that shit <em>just in time</em>. Now it's in ETH and dear lord I feel safer. Y'allsies saved my ignorant ass.</p> <p>The thing that took my blinders off: <em>one person</em> owns 1.9 Billion in Doge Coin! That's like a quarter of all DOGE. I didn't know that until looking at this sub! If that <em>one person</em> suddenly sold? I'd be f***ed. Value would do like a 90 degree drop because of how rapidly others would sell. Here I was thinking that, if value took a downturn, it would be a relatively gradual taper and I would have time to exit. Nope. Also, if <em>I</em> were that <em>one person</em>, you better believe I <em>would</em> sell. <strong>Thank you</strong> <a href="/r/CryptoCurrency">r/CryptoCurrency</a></p> <p>To those of you still in DOGE, who have made a nice profit: more power to you. I personally just cannot stomach that kind of risk.</p> <p><strong>Edit</strong>: <a href="/u/Bot-01A">u/Bot-01A</a> just very kindly let me know that I made a common but major mistake in the way I was understanding the market. I guess that 1.9 bil owner couldn't have sold all at once, like I'd assumed, but instead would have had to sell it in increments. Whew! Still glad I got out, though.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/evemeral"> /u/evemeral </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/lgzci8/can_i_just_thank_yall_for_knocking_some_sense/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/lgzci8/can_i_just_thank_yall_for_knocking_some_sense/">[comments]</a></span>Kind Regards R