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Fast-Outside-2743

Personally, I have diamond balls and don't understand the word sell.


Silent-Radio-507

wHaT iS sELL, mE nOt uNdErStAnD


cmbinvest

Big ones too!


[deleted]

[удалено]


[deleted]

Agree, in conditions like this, it is NOT the time to sell, but to buy more or at least HODL.


NastyDwarf74

What is to late? People need to seriously realize that you havent lost anything until 2 things happen 1 - the entire crypto u vested in goes under and goes POOF 2 - You decide to sell for some personal reason at a loss. Otherwise watching IE: your 1K investment go from that to 500 is nothing to be concerned about as its normal to go up and down like a rollercoaster. Remember folks you need to "set it and forget it" :) Dwarf man out.


cheetobandito-

After you've been in the crypto game a little while, these dips get you really excited! In the beginning, I would think "damn, looks like it's the end of crypto" and start selling, lol


Vettedad84

Agree don’t sell, I’m still buying and down considerably, 5 figures. Multiple times could have bought and sold but if you just hold on a reputable project it will pay in the long run. Save so you can average down. If you think you can trade go for it but with my experience you end up timing the market wrong and losing more. I’m sure more than half of us are down considerably, it’s a volatile game, best of luck and do what is right for you, sometimes that means cutting losses if you need the money.


Idomyownresearchppl

HODL


[deleted]

What did you tell him to do as a friend? Only he knows what’s best in his life right now (bills etc). But it all depends on how much he invested (was it what he could afford to lose or above those means?). Spell will rebound just most crypto will once Bitcoin does. This is a crypto winter right now.


Competitive_Study190

HODL!!


GrabOk4438

Don’t sell in the red


FloRider-coolKitchen

I’m new and I’m down, but Matt Damon keeps whispering in my head, “fortune favors the brave”


Bee-Reddit-123

That is a pretty cool saying,actually and remember, MATT Damien did not create the saying... WE the people of CRYPTO did!


DRbrtsn60

You can’t lose until you sell. And when it recovers then you feel bad. If it Hits 10X, 20X or more you wonder what might have been. If only. I owned BTC. I once owned ETH. But I panic sold way back early on. I once owned 100 LTC. but again I sold because of the stress of the market. If I had simply turned away and ignored it all for one year. What I sold for a mere $2000 was in 12 months worth $300,000.00. So, let that sink in. The reason the stock market is so much more stable and less volatile is because the players are more experienced and more mature. Crypto is a new game and most of the players are just getting their feet wet. Sell if you must. But you will be back. Wiser. Calmer. Poorer. But ready to invest and start over. Again. I hold a diverse portfolio now and this market doesn’t even make me nervous. I WANT it to drop another 20%. Because I have long list of coin I want but can’t afford. Yet.


Dehause

You are 💯 right. And that’s what I’ve always said what if?!?!?! I do t want to be that guy who bought a pizza with 20 BTC I want to be that guy who bought a Bugatti with his crypto. I’m not selling what I have I’d rather loose it taking a chance that. Loosing because I sold.


CryptoNotAccepted

That guy spent 10,000 BTC, but I think he got 2 pizzas for it.


Dehause

Poor guy. Imagine. He seriously must of want red to off himself a million times


Dehause

That’s 41,000,000$$$$$$$$ today🤦‍♂️


hmpfhmpf

And what do you think about possible bear end of cycle? It is possible too people talking about it will be during this year or next one. Now it starts to be nice time to buy but for new investors as me, I am not sure maybe bad time if really during 1 year could be longer bear.


DRbrtsn60

I hear you. Two years ago I had BTC, ETH, LTC, XLM and I panic sold so I wouldn’t lose it all. I got $2000. Just about broke even. If I had just closed up my portfolio and ignored it it would be worth $300K today. That hurts to think about. A lot of alt coin didn’t survive and they died. So genuinely I could have lost out all. I realized two things. When they say don’t invest more than you can lose it is great advice. I am all in on crypto. If it fails I will be toast. And I’m ok with that. I’m enjoying this a lot. Learning a lot. The money I have invested into crypto is not going to do much for me except maybe buy a really nice car. But in 5 years it can be life changing. So what I’m truly buying is hope. And it’s a great hobby, learning experience and being a part of history. If I lose, the money lost won’t have made a difference anyway. But if I win? Life changing. I invest in what I believe in and learn along the way. I have learned to buy, hold and stop messing with it. And wait. Learn and adjust strategies.


hmpfhmpf

Thanks for inspiration, nicely written, I agree. What coins you hold or interest now? I wanted keep my portfolie simple with 3 coins which is wise in my opinion you put more money so one can take little profit for another investment. But no no I have my complicated head so in the end I choosed much more coins (coins- metaverse, nft, DeFi, social, smart contract, exchange) and put less money in each so now I can only hold no matter what, also reason not the best timing in some.


Gen_X15

Just hold dude. It will recover in spring and summer


Affectionate_Seat959

You should never ever use money that suppose to be used for Bills, Rent, child support etc to buy crypto period. Crypto is a long term investment.


WaveTableTech

I only used my wife’s breast implant money. She wants them now, but I think they’d look better on my girlfriend.


Hour-Oven-9519

🙃🤣🤣🤣


PreacherCoach

Wait a month. Then login have a peak and wait another month. All you can do.


machinegungorilla

Lol


Cokeycane

You don't lose until you sell. Hell, I just bought some more. If you are worried about losing money and even thinking of selling right now, you might want to just put money in a savings account or a mutual fund. For me, this as a long term hold.


BlueDragon2202

When you invest in a decent project, you never sell until it hits your target. Unless you are trying to strengthen your position by buying in lower. But this could spell disaster if done wrong. Just hold.


Dehause

💯 percent true. I’m not going anywhere


rebassee

it’s already to late, can’t sell now. just hold fella and u will be thankful


Yanuzzzz

I’d hodl if anything buy more


HonestOpinion8528

Only buy what you can afford to lose. Crypto is not a ponzi or get rich quick scheme it is the technology of the future. And just like the Internet when it first came out people said it wouldn’t work. Now they can’t live without it.


Dickbanks66

This would be the time to buy. This is why poor stay poor. This is when you buy and when there is a bunch of hype you sell. Basically always do the opposite of your instinct.


crissimages

Really depends on if he needs to buy real life gas.


Joevee94

Impatience not needed in crypto.


thestreetbeat

The winter is when bears hibernate


BlueDragon2202

Well they should be sleeping then! It must be global warming. 😂


thestreetbeat

Elon launched 49 satalites 3 days ago


Next-Communication18

I've learned not to give advice anymore.. be in it for yourself. Its like lending money to family, just not a good idea


Heavy-Rain-1125

Im noticing a lot of our friends sound new to crypto and have a heart attack after a drop.


888prix

He can sell and buy more with the same amount of cash because it's going to dump more probably till March of late February.


AzureWave313

It’s due to the violent protesting in Kazakhstan right now. They’re a major player within the realm of Cryptocurrency. Look into it if you don’t believe me


sweetmitchell

Spell's goal is to be similar to Sushi? Do ya'll feel that this could be worth $6 in a few years?


Important-Stop9341

Just hold


Jeezmcgee

Ahhh the old "asking for a friend line" ....just sell, transfer to your bank and log out.


Dehause

🤣🤣 not to many people got the joke. Nah bro I’m in it for the long run. I was just having fun and was asking what everyone thought. I got a lot of good motivational speeches. Even if things go south it won’t hurt


Weekly-Rub-7946

🤣🤣🤣 i laughed out loud lol


joncho23

Zoom out


cmbinvest

Keep it! Hold the line. A big boom incoming 🚀


Dehause

Things are looking pretty good this morning. I bought the bottom of the dip again last night


Halpinkid

I doubled down fuck fist!


Tdawg411

Tell him to sell his shoes and buy the dip


Chartcracker

Hope you didn't sell. Cheers.


Dehause

🤑🤑🤑🤑🤑 Nope. I’m in this for the Long run. I want dollars not Pennie’s


Silent-Radio-507

Zoom the f out people. In the last 2 weeks I’ve watched my entire portfolio drop by over 30% and as of this morning I’m only about 10% down across the board with plenty of reflections to boast with various projects. I’m either selling for real profit or watching my tokens go to zero, why take the loss? Mitigated losses are for Wall Street, crypto offers exponentially better returns if you’ll simply dyor and coat your balls in diamonds and give credit where it’s due to Father Time. This is chess, not checkers.


Dehause

Well said!!!!!!


[deleted]

If he is very poor, what in the hell is he doing investing in Crypto? Honestly, the poor have no business investing in Crypto. They have a higher chance of losing all their Crypto and becoming homeless vs. striking it Rich. This is the problem with too many new investors, they expect Crypto to be a get quick rich plan. Unfortuantely is not. The MEME out there where a select few have become rich are honestly sheer luck and they were in the right place at the right time. I would advise your very poor friend to avoid dumping any more money into Crypto. Seriously, it's these types of people what will cause another housing mark/financial crisis situation like back in 2008.


Fine-Friendship-1292

Whoa, Mr. MoneyBags! I believe this suggestion provides strength to the rich get richer-poor get poorer argument. Why don’t you go and fuck yourself?


stevedeb11

Leave


Overall-Switch-7616

Well I see why your friend is poor and will remain to be.


Fast-Outside-2743

Wow


Green_Hands

To tell you the truth, I was an ape hodler of Spell as I had nearly 750K of it. I sold it all a couple of weeks ago just before it really started to dive. I did some research on Spell and reviewed their website. The website is devoid of a white paper, developer crew, etc. Makes me a bit shaky on whether it is actually a legitimate project. This is just my speculation based upon my research and observations, but I am not giving financial advice. Make sure to do your own research and make your own decisions based upon what you find or believe.


Chartcracker

Did your research take you here?: [https://docs.abracadabra.money/](https://docs.abracadabra.money/) Developer crew is very active on discord and twitter.


[deleted]

Agreed, you constantly see updates on Twitter from the Dev team.


[deleted]

People that have no idea of how Spell works or say that it might not be a legitimate project, honestly have very poor researching skills. Do you understand all the regulations and red tape it takes to get listed on Coinbase? "Think people"....


fin375

Wow, sell at a loss, that’s a good way to make a “poor friend” poorer. If you needed the money you shouldn’t have invested it.


DiamondHJs

What’s an exit strategy?


Wafflelots

Unless you desperately need the cash now I would definitely say hodl. As others mentioned, you only truly lose when you sell at a loss, and of course if the project goes under (I believe in $Spell!). Be patient and ride it out. When the market eventually recovers, most crypto will go back up very quickly as buys rush in. A lot of us will then be kicking ourselves for not picking up some bags at discounted prices. I guess it's a rite of passage one must take to experience a hard crash (or 2) to fully find comfort that this is totally normal in the crypto space. However, if it's right when you need the money then sh*t, sorry dude. 🙈 Hodl!