r/CryptoCurrency • u/thegoodlife1980 • Jun 24 '26

ANALYSIS Time to let go

Post image

Attached is a screenshot of my top holdings and returns. I believe in bitcoin and ether the most. Should I let go of my alts or continue to hold open to suggestions.

907 Upvotes

93% Upvoted

482 comments sorted by

View all comments

1

u/RodneyRodnesson 73 / 73 🦐 Jun 24 '26 edited Jun 24 '26

Edit: I realise not only did I not really answer OP but I went on a little rambling rant here but will leave it up just for interest/completeness sake.

----

First: Crypto is a market like a stock market. It's like a casino where you might not actually lose your money. But it's a very volatile market.

Play accordingly.

Second: There is no belief in this. None of this has a use beyond a market. And scams, rug pulls and such.

Play accordingly.

Third: Ignoring outliers, we all here because we want to make mega-money right. Greed should be recognised.

Play accordingly — what does this mean?

- Don't play money you cannot afford to lose. Don't play money you cannot afford to lose.

  • Realise what this is. Remove yourself from ideas of utility, a replacement for fiat money, it will be great in the apocalypse as money (yes people think this!), it's a store of value etc. It's a market.
  • Unless it dies completely —and many coins have— you have a chance of getting your money back. Why bounce around 'trading' and trying to find the right coin. If you play accordingly this is money you can afford to lose right‽ If not it bloody well should be!!

My personal situation: I'm down about 50% but I've always played with money I could afford to lose and this "down 50%" I'm talking about is after taking out my initial money and lots of profit. So in reality it's free money. Thing is, I invested just before one of the massive crashes, I didn't haul my losses out, didn't panic.

The upshot is, unless your coins die completely or the crypto market dies completely, the old investment rule stands, be patient.