Sometimes all is smooth sailing. We'll see a steady 1-2% growth each month or two.
Things are good, they're not fantastic, but they're good.
Other times we'll be travelling through storms. We'll see a sudden drop of 40% over a single month.
Then we'll see the crazy times, it looks like the growth will never slow down.
Maybe you're 25% up this month.
Then your shit coins start rising.
Shitty-insertcelebnamehere-coin blows up and you turn a $10 gamble into $200 in a week.
The next week it goes to zero.
But it's just the way things go. It's no different from the stock market, the swings are just more extreme.
If you can't stomach a 40% drop, or even a total loss, maybe you're overinvested and should invest more into boomer rocks (gold) and investments (stocks and shares).
-Just kidding on the last bit, most of my assets are in tradfi. Around 5-10% in crypto.
"If you can't handle me at my worst, you don't deserve me at my best" – Marylin Monero
byu/Goldenbeardyman inCryptoCurrency
Posted by Goldenbeardyman
1 Comment
The swings really do test your mental state more than anything else. I remember when my portfolio dropped like 60% in 2022 and I was checking charts every five minutes like some kind of addict
That shitcoin lottery mentality is what gets most people burned though – seeing those 20x gains makes you think it’s easy money until reality hits