Why 95% of you will lose money on this sub… (Hard to swallow pill)

Being in crypto for over 6 years now (which shouldn’t mean anything) and got into solidity this sub has become unbearable for me this past year. Every single post 9 times out of 10 was pure hopium and anyone with a different view was downvoted into oblivion. Majority of the posts here reminded me of the whole DOGE to the moon phase.

I don’t learn anything new in here and have to resort to other subs to keep myself up to date with tech.

And the people I see claiming to be in crypto for 10 years and just HODL are so full of shit by just doing a simple search through their post history.

People were telling you at $50k “invest all your bags!” and “BTC is on sale it will never be this low again”. Those same people claimed we were in a “bear market” I honestly heard that term thrown out so much that I even question if I know what it means anymore.

Welcome to an actual bear market.

You have the idea to HODL but many of you are completely over leveraged. You over invested what you could afford to lose and have the mindset that you’re still going to HODL. That’s ok.

Heres what’s going to happen over the course of the next year or so.

Crypto market could get worse and stay like this for a couple years. Most of you will lose hope and something will come up in life (bills, trips, etc). You will take a little bit out promising you will put more back in eventually. Slowly depleting your portfolio.

Years will go by and the next run will come and then you will reinvest again but this time will be different.

Your lessons will be your own.

We’re all full of shit on here no one knows shit.

Start learning about the technology behind everything and the backend stuff in order to fully believe in crypto. Hopium posts on Reddit, MSNBC, tech crunch articles are not going to keep your hopes up.

Edit 1: There’s other subs on here that will be helpful. Discord groups, reading white papers, even Twitter has gold.

Edit 2: [Post from 9 years ago to help you understand](

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30 thoughts on “Why 95% of you will lose money on this sub… (Hard to swallow pill)”

  1. I’m fairly new (been investor since December 2020) I have always just DCA what I afford to lose, I’ve never used leverage and I’ve looking at the money into crypto as money already lost money I’m not gonna touch until I have enough to retire

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  2. Remember all the posts talking about how everything was too expensive this past year? And if only things would crash, so Everyone could “load their bags up”…

    The problem is when prices are falling off a cliff, it doesn’t inspire confidence. You wonder how low will we go? And leaves you in doubt. OP makes a great point, learn about the underlying technology and you will be more patient waiting for the the next bull run.

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  3. I was 100% up last bull run, now I’m 30% down. Should have taken profits but I know for next time. Until then I’ll DCA in and pretend like it doesn’t exist.

    Last bear in 2018 lasted a year, and it’s safe to say we have been in a bear for a while….so here’s hoping?

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  4. People will tell you “Welcome to an actual bear market” at $30k

    Let’s wait and see a real real bear market.

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  5. This sub has always been like this. It’s nice to keep an eye on it though – gives a good sense of what the average crypto investor is thinking. Hard to find that once you go down the dev route

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  6. Great post. I’ve made a post about how much money they have printed and that it looks like in the end of the 90s in stock. That BTC has never seen a real economic crysis and so on. Guess what this sub thought about this in december / january

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  7. >got into solidity

    Hey could you share how it is going ? I started learning but it is a bit tough compared to traditional programming.

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  8. What subs do you suggest? Similar to what you said, one thing I really dislike about this sub are the constant “psa” type posts. Like “we’re early” “we’re late” “it’s a bull market” “it’s a bear market” and so on. They become so meaningless.

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  9. I have to sadly agree with you for most part. I fell flat on my face with the late 2017 early 2018. I entered crypto summer 2017 but fell really hard on my face when i got greedy. In the end it was a great lesson for me.

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  10. “Heres what’s going to happen over the course of the next year or so.

    Crypto market could get worse and stay like this for a couple years. Most of you will lose hope and something will come up in life (bills, trips, etc). You will take a little bit out promising you will put more back in eventually. Slowly depleting your portfolio.”

    I take calls from these sorts every day for my job. I always laugh on the inside when they tell me they’re going to put the money back. Ofc, they never do, but they delude themselves with good intentions and “no other way” mentality. Idk man. This market sucks though.

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  11. My favorite posts are the ones about “coin fundamentals” where people literally just spew lists of junk they’re making up on the spot.

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  12. I took my profits in August, sold everything off then because I was expecting a bear market. Wasn’t expecting all this other chaos mind you.

    I have my plan, I have chosen what my plays are. As always there is a risk but this is what I was waiting for.

    Time will tell if I get rekt or rich.

    Reply

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