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The only thing to see is your balance dwindle all the way to zero. The game is over. Dump your crypto and buy real assets. Anything – stocks, real estate, lamb
by xwdv 4y ago
The only thing to see is your balance dwindle all the way to zero.
The game is over. Dump your crypto and buy real assets. Anything – stocks, real estate, lambos, is better than holding worthless digital coins.
- capableweb 4y agoLet's say I bought $1000 worth of Bitcoins before, thinking "it can go up, or it can go down, I can lose this money without an large impact on my day-to-day financials", why would I sell it now when it has gone down a bit? It's not until you sell it, that you actually lose anything. Let it go down to $0, you shouldn't care, because you're only playing with money you know you could lose. What do you stand to gain by others selling their cryptocurrencies by the way? Seems to be an odd position to hold.
- throwaheyy 4y agoSunk cost fallacy. A better way to look at it is “given I have $700 cash would I buy $700 worth of Bitcoin today?”. If no, cut the losses on your $1000 and at least walk away with $700.
- jslove 4y agoYup treat it like a non expiring option.
- deleted 4y ago[deleted]
- orbit7 4y agoThey are worth what the market decides they are worth. Plenty of stocks are doing terribly this year Atlassian, Lucid, PayPal, Okta all down over 50%, Netflix down 69%, AMD, eBay, Cisco, Tesla, Zoom, NVidia are all down 30%-40% as a few examples. Some are rubbish and will end up worthless, others won't be.