• HoChiMaxh [he/him]
    ·
    2 years ago

    It boggles my mind why people are still holding at this point, seems like the writing is on the wall.

    Is there some wisdom that even a marginal chance of a future upswing makes it worth risking losing the money you could get by selling when it's dropping like this?

    • 20000bannedposters [love/loves]
      ·
      edit-2
      2 years ago

      There holding cuz it's done this before. But like people are saying on the crypto sub. This is the first time it's happening with the money printer turned off.

      • HoChiMaxh [he/him]
        ·
        2 years ago

        Interesting. When they're saying that are they referring to 2018 when after a peak around $20K it lost like 90% of its value?

    • Dimmer06 [he/him,comrade/them]
      ·
      2 years ago

      Someone sent me some on Christmas and I held onto it (partly because I was partying and forgot about it). I remembered I had it when Cashapp alerted me to the first big drop a few weeks later. I held on thinking it might recover and I still have it, though it's at about a third of its original value.

      I think I'm gonna send it back next Christmas to complete the joke.

    • space_comrade [he/him]
      ·
      edit-2
      2 years ago

      I got in fairly early when I was still a lib thinking this is the next big thing and also I didn't really invest any money I can't afford to lose so I don't give a shit tbh.

      There's still a chance the world economy gets even more stupid and this thing bounces back, who the fuck knows at this point anymore.

      Also it buys me weed.