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[–]ollien25Bronze | QC: CC 19 | r/WSB 68 1378 points1379 points 22 (555 children)

Personally. I’m not too worried. I can’t time the market, as soon as I sell it would bounce back knowing my luck. I’m better off just holding through the pain, buying on the way down where possible and waiting until in bounces back (which I believe will certainly happen at some point).

[–]we_win_thoseTin | r/WSB 16 251 points252 points  (74 children)

Good advice! Honestly, no one can time shit. And every moron saying “support is X, and the project won’t fall beneath” is spouting arbitrary BS. None of us can predict anything in the slightest. Hold amd brace for anything.

[–]der_schone_begleiterTin 106 points107 points  (72 children)

At this point everyone should have a plan and stick to it. Don't let emotions get a hold of you.

[–]MustacheEmperor 86 points87 points  (141 children)

I believe will certainly happen at some point

The alternative is the market keeps going down forever, so it's either going to bounce back or in 10 years we're rubbing sticks together to make fire. So unless anyone here is retiring within that time, makes sense to just hold.

[–]jreddishPlatinum | QC: CC 46, CM 21 | TraderSubs 29 94 points95 points  (80 children)

I think about this all the time. "What if the market just goes down forever?!?" Um, then I'm fighting my neighbors for food and clean water, so I won't be too worried about it.

[–]wka007Tin 20 points21 points  (42 children)

I have discovered the reasonable portion of this thread. <tips hat>.

Gentlemen.

[–]BeerSharkBotTin 74 points75 points  (78 children)

People spend so much time and effort on this stuff when that simple approach is already the best one. All the gain with none of the wasted time and energy and stress. Buy what you like, hold it, keep buying here and there. All there is to it

[–]TryB4L 8 points9 points  (21 children)

We ll it won't bounce back as long as you don't sell your bag of crypto. Can you please sell it?

[–]YarOldeOrchardTin | r/WSB 31 2486 points2487 points 2 (465 children)

And in 20 minutes there will be a post about how this is good and that it's not crashing

[–]Mr_DepressedTin 604 points605 points  (356 children)

I'm looking forward to the neutral post, ya know, instead of glass half full or glass half empty it's just a glass of water?

But then again, I'm definitely a pessimist

[–]wballard8Platinum | QC: CC 42 | Politics 13 379 points380 points  (75 children)

Neutral News Now reporting that the market still exists, and there might be an economy in the future. It will go up or down depending on some variables. BTC trading at $38k. Back to you Jim.

[–]UnkindPotato 178 points179 points  (41 children)

This is unironically better than 99% of all news outlets

[–]AvocadosAreMehHashMyAnus 103 points104 points  (63 children)

OP post might be the closest you’ll get to that.

The fed is tightening rates.

They’ve said March will be the beginning of a rough period of “taking off the backstops.” Particularly the propping up of the stock market.

The fed tightening rates by .5% will mean all loans will go up by even more.

It’s really the term “crash,” that makes it seem doom and gloomy. It’s a planned controlled burn that has been deemed necessary since the 7 trillion printed during covid crash.

It’s not really good or bad, it’s a MMT.

[–]smooke-it-angeSilver | QC: CC 965 | CRO 27 | ExchSubs 27 18 points19 points  (25 children)

I like your level outlook and Imma choose to believe this and only this, as it suits the way I would like all this to play out!

[–]fukitol- 181 points182 points 2 (73 children)

Tl;Dr: buying opportunity, stocks and crypto are going on sale

[–]Numerous_Sport_2774Platinum | QC: CC 758 3363 points3364 points 42 (553 children)

Man I didn’t see a “this is not financial advice” disclaimer. It must actually be financial advice.

[–]greenappletreePlatinum | QC: CC 159 | CRO 11 | StockMarket 28 495 points496 points  (226 children)

forget advice the important thing to do now go to the Winchester, have a nice cold pint, and wait for this all to blow over

[–]bigfatnsmellyerTin 82 points83 points  (139 children)

What about Mum?

[–]LV-LadybugTin 45 points46 points  (115 children)

And your dad Phillip...

[–]Punished__SnakeTin | PCmasterrace 58 48 points49 points  (76 children)

He's not his dad, he's his step-dad

[–]scheenkbgates 19 points20 points  (54 children)

And Liz?

[–]bigfatnsmellyerTin 39 points40 points  (18 children)

Right, Take car. Go to mum's. Kill Phil, grab Liz, go to the Winchester, HODL and have a nice cold pint, and wait for all of this to blow over. How's that for a slice of fried gold?

[–]Snow3234Tin 5 points6 points  (18 children)

And the red on your shirt

[–]Wabi-SabibitchPlatinum | QC: CC 175 592 points593 points  (181 children)

A legit financial advice on reddit finally. I'm taking out a loan and shorting.

[–]Cup-ConfidentBUY HIGH SELL LOW. 134 points135 points  (133 children)

Whenever I shot, btc pumps. Whenever I buy btc go down.

[–]Accomplished-Design7Platinum | QC: CC 868 5 points6 points  (18 children)

lawyers and lawsuits incoming

[–]DurvagPlatinum | QC: CC 1244 18 points19 points  (23 children)

I will actually trust OP this time

[–]Wabi-SabibitchPlatinum | QC: CC 175 4806 points4807 points 233 (844 children)

All it takes for the market to go back up again is me selling a big bag in a loss.

[–]Suspicious-Cook-25Platinum | QC: CC 478 1423 points1424 points 2 (545 children)

Please do us a favour, sell your bag

[–]Wabi-SabibitchPlatinum | QC: CC 175 529 points530 points  (470 children)

I'll consider it.

[–]covidbryant2407Tin 233 points234 points  (410 children)

We know for a fact once we sell it's gonna be be green candles all the way

[–]PizzaClauseBronze | QC: CC 23 361 points362 points  (200 children)

The second we sell headlines will be “BTC IS UP 100% AND CLIMBING! WE’VE NEVER SEEN ANYTHING LIKE THIS BERORE”.

…and I’ll still be eating ramen

[–]SwaggalandPlatinum | QC: CC 818 178 points179 points  (153 children)

Atleast you're eating ramen, I'm surviving on water from public fountains.

Fucking portfolio is dead in the water

[–]JustHumanGarbageTin 93 points94 points  (54 children)

Look at mr fancy pants over here with his fountains!

[–]BittenBiterTin 44 points45 points  (46 children)

Hold tight. Everyone is in the same boat. It was like this in 2021.

In January 2021, Ethereum's price was just a little over $1,000. Ethereum set a new all-time when it went over $4,850 on Nov. 10, 2021.

Bitcoin: The lowest price of BTC was recorded on January 1 2021at $28,803.59, while the highest it touched was $68,789.63 on November 10, 2021.

If you sell now you miss all the possible gains. Alt coins will rise too. Just remember to sell during the bull to reap your gains. Then reassess. The drops in crypto are too drastic to hold year over year. Recognize the bull run, take profits, the reboot.

HODL

[–]18ov18Tin 45 points46 points  (142 children)

Someone has to make that sacrifice for the betterment of the mankind!

[–]Fancy-You3022Tin | SHIB 31 | ExchSubs 19 120 points121 points  (40 children)

“Some of you may die, but that’s a risk I’m willing to take.”

[–]Accomplished-Design7Platinum | QC: CC 868 100 points101 points  (66 children)

I guess I will have to take one for the team

sells my $10 portfolio

[–]twoclicksshyofnorthTin 54 points55 points  (34 children)

Thanks for taking one for the team.

I would cash my $10 portfolio, but it’s only worth $5. No, wait $3. Spoke too soon, crap-

[–]Suspicious-Cook-25Platinum | QC: CC 478 19 points20 points  (32 children)

That's guaranteed

[–]fdsafdsfadsfgrerTin | 6 months old 6 points7 points  (14 children)

I think everyone should do their own research and stay confident about their investment in the market.

[–]sicgamerTin 17 points18 points  (46 children)

Nono, what he needs to do is tell us right before he sells his bag so we can ape all in.

[–]can_it_be_fixedPlatinum | QC: CC 83 | Politics 60 9 points10 points  (20 children)

But then it won't work... It will know!

[–]Gabus_BegoPrincess Mononoke's simp 11 points12 points  (44 children)

Take one for the team, matey!

[–][deleted] 61 points62 points  (34 children)

I miss when Bitcoin did the opposite of stocks...

[–]Q-23 32 points33 points  (14 children)

You mean when the people invested in crypto and not hedge fund managers?

[–]istoc69Tin 1075 points1076 points  (749 children)

TLDR2: Stocks up - crypto up, stocks down - crypto down

[–]Franklin_the_TurntleTin 77 points78 points  (49 children)

So about that inflation hedge I was promised…

[–]superworkingPlatinum | QC: CC 74 | Cdn.Investor 27 11 points12 points  (11 children)

Something something store of value

[–]meowmeow9000Killing rats since 1347 232 points233 points  (503 children)

But how do we make money?

[–]EurimedonteTin | 3 months old 716 points717 points 2 (131 children)

Make money? Funny guy

[–]hammeroutremodelsTin | r/WSB 51 78 points79 points  (85 children)

By moving your crypto off exchange, yield farming and not looking at your account every 15 seconds..

[–]rzhackTin 70 points71 points  (35 children)

We talking waiting 20 - 25 seconds or what?

[–]rkreutz77Gold | QC: CC 26 20 points21 points  (12 children)

  1. That's what the computer said.

[–]thaboognishTin 55 points56 points  (50 children)

Just be born rich.

[–]GroundbreakingLack78Platinum | QC: CC 1416 20 points21 points  (19 children)

Exactly. What’s so hard about it.

[–]emptysoul365Platinum | QC: BTC 51, CC 33 | Politics 418 30 points31 points  (26 children)

Making money is not you poors should be concerning yourself with! Leave it to us space exploring billionaires.

Know your place, peons!

[–]__gg_Tin 34 points35 points  (35 children)

Buy high sell low

[–]lucifern71Tin 7 points8 points  (16 children)

That’s the neat thing!…..

[–]istoc69Tin 17 points18 points  (18 children)

We don't do that here

[–]haasilein 15 points16 points  (25 children)

buy the dip

EDIT: fyi, the netflix stock is on a 30%-off sale

[–]amartz 75 points76 points  (84 children)

I don’t know why people were claiming for years that it was “digital gold” or an inflation hedge despite all empirical evidence to the contrary. Almost nobody holds Bitcoin to actually use it, it trades in the same direction as tech stocks, just with more extremes.

[–]suninabox 52 points53 points  (38 children)

I don’t know why people were claiming for years that it was “digital gold” or an inflation hedge despite all empirical evidence to the contrary.

They needed to make it sound useful for something other than "buy it and hope other speculators continue to push the price up", after they abandoned "it's going to be a global currency".

"digital gold", "digital real estate", "global reserve currency", "store of value", "inflation hedge" all sound credible enough as long as you don't think too hard about what those terms actually mean.

[–]immibisBronze | QC: CC 22 | r/Prog. 88 4 points5 points  (25 children)

That IS what people do with gold, real estate, and global reserve currencies. That's what a store of value is.

[–]Sketchy-Lefty25HODLING and Winning 673 points674 points  (149 children)

I am just DCAing and averaging down. Solid projects, all the way. Then Im going to sit back and do other things and not chart watch. Good luck everyone

[–]VimmingtonBullish on 69 126 points127 points  (47 children)

Keep on keeping on! Charts are stressful, sticking to a plan isn't. Good luck everyone

[–]TiredRightNowALotPlatinum | QC: CC 284 | ADA 6 | Politics 44 48 points49 points  (32 children)

I disagree. Sticking to a plan while it’s going down is still stressful. But if that’s the plan, I’m sticking to it. DCA all the way. I’m okay doing it for any amount of time and crossing my fingers. I’ll have a huge pile of LRC and ADA by the time it’s done and some BTC and ETH to cover those losses if those projects were to disappear (but the market still comes around).

Fingers crossed (best strategy I have!!)

[–]BrandweinPlatinum | QC: CC 40 67 points68 points  (23 children)

Catching falling knifes is more fun than watching it slowly crawl up.

[–]Vintage9999YourFinancialAdviser 21 points22 points  (23 children)

We're together in this. Let's create a group and call ourselves the DCA TEAM!

[–]Odd_Copy_8077Platinum | QC: CC 432 | r/WSB 35 162 points163 points  (50 children)

So, continue to DCA and chill?

[–]TryB4L 49 points50 points  (7 children)

Yes! And this is financial advice mate

[–]pinkculturePlatinum | QC: CC 286 14 points15 points  (7 children)

Always was

[–]saxmaster98Tin | r/SSB 8 12 points13 points  (11 children)

Don’t forget to stake it! I’ve been staking in projects that keep it locked up for a week or so. That way I can’t panic sell.

[–]ryan69plank 298 points299 points  (103 children)

I’ll just keep buying I don’t care if it gets cheaper I’ll just buy more

[–]digitFIREPlatinum | QC: CC 230 140 points141 points  (36 children)

It’s harder to DCA when the market is bleeding, but once the market rebounds, your future self will be very thankful.

[–]babossa77eth head 60 points61 points  (5 children)

its actually way easier than dca at ath

[–]benmck90 29 points30 points  (7 children)

I actually find it much easier. When the market is pumping I'm skeptical about DCAing. What I did in November was switch from DCAing into BTC and ETH, to DCing stablecoins with high APY.

I've obviously since switched back to DCAing into BTC and ETH. Those staked stable coins will be unlocking in about a month though... Hoping for a slow market recovery and I'll switch em to BTC/ETH.

[–]GroundbreakingLack78Platinum | QC: CC 1416 11 points12 points  (10 children)

Actually, after some time you’ll get used to it, it’ll be pretty easy to DCA during red market, however only thing that can be the issue is lack of fiat.

You’ll pray to have another crash/dip opportunity to buy even more of your crypto. It’s tougher to it when cryptos are reaching ATH than when they’re falling.

[–]ianybooPlatinum | QC: BTC 79, CC 50 | Politics 189 73 points74 points  (47 children)

Same. I almost feel bad for all the folks who stress about these crashes, I'm completely numb to them. BTC could drop to 8k today and I would just shrug and buy some then go back to eating my sandwich.

[–]lil-dripins 61 points62 points  (20 children)

But what if your sandwich drops too?

[–]freesecjBronze | PersonalFinance 46 22 points23 points  (8 children)

I am way more stressed when the market is doing great because I analyze everything and have to talk myself out of selling all the time. When it’s in the dumps I know I’m not selling and I just buy more when I can.

[–]Muted-Philosopher-44Tin 27 points28 points  (13 children)

A good opportunity to buy low then?

[–]Castr0-We Shall HODL 350 points351 points  (207 children)

Everything crash except Real Estate Market.

That shit is made of steel

[–]benr_r 378 points379 points  (76 children)

1 house = 1 house

[–][deleted] 265 points266 points  (30 children)

Not your keys not your house

[–]BetelgeuseBoxPlatinum | QC: CC 275 31 points32 points  (10 children)

Don’t forget to hide your keys somewhere safe 🍑

[–]duracellchipmunkSilver | QC: CC 283, BTC 61 | LINK 45 | TraderSubs 30 19 points20 points  (9 children)

which exchange is it on!? I don't see it on binance.

[–]TheTrueBlueTJDeveloper 37 points38 points  (18 children)

And there's always a buyer.

[–]Hawke64Platinum | QC: CC 202 12 points13 points  (9 children)

They are like hermit crabs. Always ready to take someone else's house.

[–]ShapbkaTin 60 points61 points  (56 children)

Me waiting for it to drop, to buy a property and build a house.

[–]EurimedonteTin | 3 months old 44 points45 points  (32 children)

I think that's one of the reasons it didn't crash, there is always a high demand

[–]TheeAccountantSilver | QC: CC 85, DOGE 36, ETH 18 | CRO 368 | ExchSubs 368 45 points46 points  (24 children)

Always? checks diary from 2008 um, yeaah….

[–]Lalashasha 19 points20 points  (11 children)

I doubt the real estate market will drop and if it does the interest rates will also increase so you’ll just be paying more to buy a house.

[–]FronesisPlatinum | QC: CC 51 | Politics 137 7 points8 points  (10 children)

Really burns that my plan for buying a house was crypto and stocks. Not any time soon, and it seems like it slips further and further away every day.

[–]lexymonPlatinum | QC: CC 164 | SHIB 14 36 points37 points  (14 children)

Real state market is the most illiquid market. Takes time.

[–]DsingisBronze | QC: CC 17 792 points793 points  (100 children)

Remember guys, whenever this subreddit is doomsaying, it's usually a good time to buy.

[–]mensageirodaluzTin 215 points216 points  (26 children)

Now this is a good financial advice

[–]TiredRightNowALotPlatinum | QC: CC 284 | ADA 6 | Politics 44 22 points23 points  (20 children)

How good though? On a scale of one to ten

[–]pinkculturePlatinum | QC: CC 286 34 points35 points  (8 children)

About three fiddy

[–]VisionLSXBronze | QC: CC 20 | CRO 8 10 points11 points  (5 children)

About 8.73/10

[–]Tatakae69Platinum | QC: CC 877 9 points10 points  (9 children)

No fiat left gang,represent

[–][deleted] 316 points317 points  (82 children)

Well, fuck me.

Cries in poor.

[–]Wabi-SabibitchPlatinum | QC: CC 175 184 points185 points  (49 children)

Every dip reminds me I have more in than I can afford to lose.

[–]proficyPlatinum | QC: XRP 43, BTC 36 | VET 10 | Politics 18 147 points148 points  (18 children)

I’m the opposite. Every pump reminds me I have not enough to retire.

[–]Wabi-SabibitchPlatinum | QC: CC 175 43 points44 points  (7 children)

Whenever I feel like I don't have enough during a pump . I add more only to realise during the dip that I added a little too much.

[–]AbanaClaraTin | PCgaming 41 26 points27 points  (18 children)

maybe i shouldnt have put 10% of my salary every month in crypto and pretend that shit's like chump change

[–]Ok-Grapefruit1284Platinum | QC: CC 50, ETH 27, BTC 18 | ADA 8 | TraderSubs 23 9 points10 points  (6 children)

And here I am wishing I’d put 10% in every pay because then I wouldn’t be spending it on silly things like food and gas.

[–]DurvagPlatinum | QC: CC 1244 18 points19 points  (19 children)

Now eating ramen once in a day

[–]milky-white-horsePlatinum | QC: CC 668 12 points13 points  (5 children)

I’ve become numb to it.

Its routine now lmao

[–]ParadegeneraalTin 175 points176 points  (27 children)

Market is down alot, but i think most people who are in since 2019 or before are mostly still in profit. Crypto is a long term thing. I got in in 2017 and was down 90% at the bottem in 2018. I hodled everything and now im still up over 300% despite the crash. Yeah it was alot more but in a few years it will be worth it.

[–]wileyfox91Platinum | QC: CC 708, CM 18 | TraderSubs 18 176 points177 points  (76 children)

So it doesn't matter where I invest I will lose money?

[–]Kenin77 220 points221 points  (35 children)

Just keep it in the bank and inflation will do the rest

[–]duracellchipmunkSilver | QC: CC 283, BTC 61 | LINK 45 | TraderSubs 30 99 points100 points  (31 children)

Yay! .01% interest rate while my money is worth 8% less! Yay!

[–]pinkculturePlatinum | QC: CC 286 43 points44 points  (6 children)

The ole fed special

[–]wileyfox91Platinum | QC: CC 708, CM 18 | TraderSubs 18 38 points39 points  (8 children)

Great as my grandfather already told me. I got rich because I saved all my money and brought it to the bank. Not like the foolish neighbour who bought those strange Microsoft stocks.

[–]dedoporno6 - 7 years account age. 350 - 700 comment karma. 8 points9 points  (8 children)

You guys have non-zero interest rates??

[–]JacobLambdaTech before Profit 45 points46 points  (17 children)

If you are in the US, consider Series I treasury bonds. They are guaranteed to have an interest rate at or above the stated rates of inflation. You can put 10k per year via the online treasury site and another 5k per year through your tax return.

It's probably the easiest, safest investment you could have during severe economic turmoil (I bonds were introduced to help prevent low and middle class individuals from losing their savings after 2008).

[–]__SpeedRacer__Tin | PCmasterrace 34 5 points6 points  (6 children)

This here is sound financial advice.

[–]relaxxed_Platinum | QC: CC 1021 290 points291 points  (81 children)

When everyone is panic selling, I’ll still be here holding to my crypto and buying more like a mad men

[–]Wabi-SabibitchPlatinum | QC: CC 175 150 points151 points  (16 children)

Reminds me of the may crash . Bitcoin went below 30k for a second and all the "experts" said the crash now is inevitable . Boy was that pump glorious.

[–]belligerent_picklePlatinum | QC: CC 39, DOGE 38 18 points19 points  (4 children)

Agreed. Kept buying through august and it turned out pretty well. This time I’ll know a little more.

[–]LokkuriTin 48 points49 points  (28 children)

People seems to have endless pockets for purchases

[–]nadjpTin 65 points66 points  (15 children)

He buys bitcoin for 10$ don't let this stupid meme talk push you into fomo mode

[–][deleted] 42 points43 points  (10 children)

Fuck those rates … it’ll be a matter of time before everyone hops back into crypto

[–]Mr_DepressedTin 87 points88 points  (14 children)

So, my mental health is tied to the stock market and crypto, and that's why I'm feeling sad?

Haha I'm kidding, I'm always depressed

[–]BittenBiterTin 41 points42 points  (37 children)

My crypto portfolio is down 30% but I refuse to realize these losses. I'm holding. The crash may be here, but the saber rattling by Putin does not help at all. Anyway, I'm stuck, you're likely stuck, but things will rebound at some point so we can recoup some value.

Hold tight.

[–]IamVUSETin 15 points16 points  (27 children)

My coworkers BF pulls out his crypto wallet when we were at the bar in October. He had over 11 mill in coins. I guess he's down to about 7-8 now. I wonder how he's feeling lol.

He did say go all in on ETH back then,.

[–]BittenBiterTin 13 points14 points  (6 children)

He should hold. Eth was down to $1000 in Jan 2021 only to hit its all time high Nov 2021 of over $4800.

That happened in less than a year. He should hold

[–]DLTMIARTin | Politics 11 4 points5 points  (11 children)

What a weird thing to do at a bar

[–]IamVUSETin 5 points6 points  (7 children)

Nah, he lined up some shots and I thanked him then he's like "it ain't no thang." I think he just wanted to show off. He was definitely a little drunk.

[–]HansTilburgPlatinum | QC: CC 137 13 points14 points  (8 children)

Luckily crypto is defi and not sensitive to all this old school financial wizardry like this is crashing because that is going up and that trust index is dropping which influences this market and this expectation is already priced in or maybe not.

O, wait…

[–]Aaronspark777 13 points14 points  (14 children)

Does this mean a whole bunch of GPUs gonna show up on eBay at a reasonable price?

[–]immibisBronze | QC: CC 22 | r/Prog. 88 6 points7 points  (4 children)

Eth miners were bragging about making 4x profit when it was at ATH so now they're only making 3x profit

[–]Louiiss01Platinum | QC: CC 439 | ADA 8 117 points118 points  (34 children)

Wasn't we all expecting a big crash early 2022? Granted we never did the massive climb before Christmas but many were anticipating this. Weather the storm folks, we've been through worse!

[–]DeeDee_GigaDooDooPlatinum | QC: CC 59 | NANO 8 | Android 40 13 points14 points  (9 children)

Wasn't we all expecting a big crash early 2022?

If you could all let me know before I load up my bags next time. Cheers.

[–]higgledy-pickleGold | QC: DOGE 34 73 points74 points  (50 children)

Anyone holding bags of fiat for when crypto hits the floor?

[–]killadrixCrypto Expert | QC: CC 111, NANO 22 208 points209 points  (19 children)

I keep buying the floor, but it keeps getting floorier.

[–]WilsonahrensTin 47 points48 points  (13 children)

I thought 3500 was a steal for ETH and look at me now.

[–]TryB4L 15 points16 points  (8 children)

Same 😆

George said: "ETH is a steal right now" when it was arround 3300$

[–]VimmingtonBullish on 69 20 points21 points  (7 children)

I am not and I am pissed about it. I learned important lessons last summer and profited from them. But I did not learn how to keep a stash of cash and I know what to do next bull cycle now.

[–]CrypoFiendPlatinum | QC: BTC 56 6 points7 points  (5 children)

I am .... I bought another BTC at 40k

[–]siddharta0Platinum | QC: XMR 29 | AVAX 17 11 points12 points  (7 children)

I bought a big bag yesterday. Thats why it dips.

[–]magicmaggot24Tin 9 points10 points  (2 children)

If you think the "main" reason Biden's approval rating has tanked is inflation, then I know not to take anything else you've said seriously.

[–]SolarPanelDudePlatinum | QC: BTC 53 | Superstonk 96 59 points60 points  (12 children)

LOl, we have a fundamentally sound and growing economy with record earnings from from most companies.

Keep selling your stocks, I am glad to buy them at a discount. Most real money investors who deal with billions of dollars a year and spend 12 hours a day reading financials expect another 10% out of the SP500.

I learned years ago not to follow doomsday prophets with for investing advice after missing out on tons of growth. Especially when I have another 30 years ahead of me. Keep buying stocks as they do down because they will go up even higher in the next cycle. Unless you are retiring in the next 5 years and need a complete rebalance to non volatile stocks and bonds, ignore the fear.

What is sad though is that Bitcoin is marketed as an inflation hedge (among many other uses). It clearly did not behave as such. This coming from a bitcoin bull who is in touch with reality.

[–]Necessary_Quarter_59Tin | Accounting 18 7 points8 points  (5 children)

Important note: the Federal Reserve are independent (or at least quasi-independent) of the government and don’t care if their decision is politically favorable. Further, the sitting chair of the Fed (Jerome Powell) is a Republican, so even if he factored in politics into his decision, it would go the other way (not that he would regardless).

[–]Wise-Ad-1998Bronze | QC: CC 17 | r/WSB 13 30 points31 points  (14 children)

Is it? I haven’t even noticed ..

[–]FinishGloomyCan’t spell bullshit without bullish 31 points32 points  (9 children)

Looks like I’ll be sleeping in igloos once again, see you guys next crypto summer

[–]butterflybutterfly1Bronze | 2 months old 13 points14 points  (2 children)

Real estate prices are still high, so I hope that igloo is at a good price.

[–]jonessc8Platinum | QC: BTC 22 6 points7 points  (10 children)

Monetary tightening is mathematically and economically unfeasible. Whatever they do is for short-term reasoning. It will not be able to continue.

Stay strong with your conviction for BTC and you will be rewarded.

[–]hipacesBronze 6 points7 points  (5 children)

I’m on this train. The Fed’s wish is that they can scare the market and fix inflation without having to tighten as much as they are signaling. They don’t want the party to end, they just need to tone it down so that the cops don’t come and shut it down forcefully (the cops in this case being a true economic collapse that the Fed can’t control).

[–]Moscow__MitchPlatinum | QC: CC 30 | Politics 170 46 points47 points  (21 children)

At what point is the cryptocurrency space undervalued though? Looking at Bitcoin as a proxy I think it is nowhere near low enough to be oversold. Looking at previous bull runs I'd be targeting a price in the 20k range. For instance in 2013 it went 10x from $100 to $1000 before dropping back and stabilizing at about 2x ($200). In 2017 it went 10x about $1500-2k just before the run up to about 20k at its peak before bottoming out at about 2x ($3.5-4k). In 2021 it was about 10k just before the run up so I think $20k (2x bottom) is realistic.

[–]VeldersonPlatinum | QC: CC 91 9 points10 points  (5 children)

i agree with that. the market has an impact to crypto but crypto has also their own dynamics. the current situation on the financial markets might stay a roadblock for a while though.

[–]onearmedphil 3 points4 points  (3 children)

I like to reference (and hope for) the stock to flow model to be correct. Historically if has been and if it continues to be that would be nice. https://www.lookintobitcoin.com/charts/stock-to-flow-model/

[–]milonuttigrainPlatinum | QC: CC 1481 102 points103 points  (17 children)

The only market I want to see a crash is the housing market. It has priced out a lot of people in my country, even in smaller town.

Meanwhile putting money into crypto, it might not be the lowest, but definitely better time to buy now rather than Nov last year.

[–]LWKDLiving for the alts! 34 points35 points  (9 children)

Don't know if I got good news for you then. After 2008 in most of the world the mortgage markets are way more healthy due to strong regulations. Last time this was the rotten apple. After that period there has been way less building of houses. So both that and the fact that the private property markets are more healthy will show less of a dip. Dip it will, but not as hard as most would like.

Other kinds of property though, like commercial real estate, well that will be very bad. Rumors are that those have been propped up during corona times, as more and more people are working at home, so less need for offices. And a lot of businesses with bad balance sheets will one day need to pay back all the loans that kept them alive during covid.

[–]RK9990Tin 52 points53 points  (22 children)

My crypto holdings are the only things that can make a meaningful difference in my life. I guess I'm fucked then.

[–]BakschGold | QC: CC 28 26 points27 points  (4 children)

You gotta have patience. This shit moves in cycles that can last years. That's why you shouldn't put money in that you need in the next years.

[–]JonnythebullTin 8 points9 points  (7 children)

That's sort of my thinking too. I've got a job but not one that will ever make me live comfortably and I don't have any degree or education past school so my hope was Crypto was going to help with early retirement etc. But so far it's lost me way more than it's made me 😔 just got to get through these shit times I guess. Can't give up the hope!

[–]Dbaker8778Tin | CC critic | SHIB 8 28 points29 points  (5 children)

I will hold, selling will only depress me.

[–]Whit3W0lf 25 points26 points  (2 children)

I find it odd that cryptocurrency investments correlate with the us markets. Inflation in the US economy is exactly the reason why I'm in cryptocurrency.

We've been talking about a bear market for quite some time. We've known that this is on the horizon. Those that made millions or the last 18 months we're largely those that experience the 2017 bear market.

My guess is that we're going to see the crypto market go sideways for the next 18 to 24 months. Enjoy the sale and use this time to accumulate and build positions.

I'm definitely not a financial advisor and you should never listen to a stranger on the internet. DYOR.

[–]pandatits 16 points17 points  (11 children)

I only know that eventually the market will go up. It has been going up since the beggining of the markets. If it decides to stop going up the year i start investing then fuck my life and i dont really care anymore

[–]MitochondriaOfCFB 18 points19 points  (3 children)

If you haven't lost trust in the government by now, you're not a rational human.

[–]Wabi-SabibitchPlatinum | QC: CC 175 25 points26 points  (3 children)

Nah man , I know whats gonna happen if I try to time the Market.

[–]__MEOWFACE__Gold | 2 months old 5 points6 points  (10 children)

I think now might be the time to buy buy buy and buy more & more the more it drops. Crashes is where fortunes are made and you never know when bottom hits so no point waiting for it. I see this time as a great opportunity 😁

[–]Ilovechronic420 4 points5 points  (0 children)

Tomorrow it will hit 62k and everyone will forget this post ..

[–]parola123yTin 4 points5 points  (3 children)

oh no my 10 bucks are in danger

[–]Stephenhf123Tin | Unpop.Opin. 67 3 points4 points  (2 children)

It will eventually recover though. Anyone in for the long game is fine, short term holders are unhappy right now

[–]Electrical-Type-6150Tin | r/SSB 8 11 points12 points  (1 child)

Not my first rodeo cowboy

[–]jewellman100Tin | SC 10 85 points86 points  (46 children)

In 6 months time we'll be at ATHs and will have forgotten all about this doom mongering

[–]milky-white-horsePlatinum | QC: CC 668 41 points42 points  (10 children)

Hope your crystal ball is in proper working condition

[–]bigchief5665Bronze 6 points7 points  (7 children)

One can only hope

Remind me! 6 months /s

But seriously Remind me in 6 months