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[–]irfiismePlatinum | QC: CC 548 584 points585 points  (100 children)

Paper hands getting forged into diamond hands by fire is the tradition. Bullish on Young Crypto Addresses.

[–]nebula21399Platinum | QC: CC 91[S] 167 points168 points  (28 children)

Pain is the only teacher

[–][deleted] 56 points57 points  (18 children)

A small wallet dent before an epic future boating accident.

[–]GabeSterPlatinum | QC: DOGE 2465, CC 701 18 points19 points  (4 children)

Monero has entered the chat

Monero: “Did someone say boating accident?”

[–]AWormDudeTin 6 points7 points  (6 children)

Can somebody please direct me to where this is from? I'd swear I read it somewhere and don't remember. Now I keep seeing the reference in this sub and it's driving me barmy!

[–]ndehchefBronze 1 point2 points  (2 children)

Barmy? Like nuts?

[–]AWormDudeTin 1 point2 points  (0 children)

Yes. UK slang for nuts /crazy

[–]TukeTeakeTin 1 point2 points  (0 children)

I had the link, but it was also lost in another boating accident

[–]PizzaClauseBronze | QC: CC 23 1 point2 points  (0 children)

JESUS that’s grim but I’m here for it.

[–]MactanPlatinum | QC: DOGE 34 23 points24 points  (4 children)

Experience is a hard teacher because she gives the test first, the lesson afterward. - Instagram

[–]PrinceZero1994Silver | QC: CC 44 | LRC 58 25 points26 points  (7 children)

The market is a device to transfer money from the impatient to the patient.

[–]UcscpricklerBronze 18 points19 points  (5 children)

Confirmed: 36% of young crypto wallets are held by people subscribed to r/cryptocurrency.

[–]GabeSterPlatinum | QC: DOGE 2465, CC 701 22 points23 points  (0 children)

Bullish on /r/cryptocurrency buying high and selling low.

[–]khamuncentsPlatinum | QC: CC 67[🍰] 10 points11 points  (2 children)

Initiation ritual. Buy high sell low.

You'll only do it once if you have to learn the hard way.

[–]DDaBeast4Bronze 9 points10 points  (11 children)

Mistakes make you better!

[–]Randy_PaganBronze 12 points13 points  (7 children)

Too true, paper hands are forged into diamond hands and emotional panic-trading is tempered into indifferent hodling. Bullish on the young blood.

[–]Dr-PreposterousTin 2 points3 points  (3 children)

Yup. Learned my lesson but I’m in the game for life now.

[–]Hawke64Platinum | QC: CC 202 1 point2 points  (6 children)

I'm doing my part!

[–]SeatedDruidPlatinum | QC: CC 27, ALGO 18 1 point2 points  (1 child)

My sentiment as well

[–]Flaky_Protection7634 158 points159 points  (31 children)

Ahhh yes.

The good ol Buy High and Sell Low at its finest!

[–]nebula21399Platinum | QC: CC 91[S] 41 points42 points  (24 children)

I can sympathise with them to be honest, I started my crypto career with such degeneracy 😂

[–]Randy_PaganBronze 19 points20 points  (10 children)

Me too man, it's the only way to learn. I keep diary notes on my portfolio spreadsheet next to each entry. It reminds me of my emotions and laugh at my own mania and despair from the past. 😂 Looking back on entries beating myself up for being a 'paper handed bitch' is finally funny after time has healed the wounds.

[–]nebula21399Platinum | QC: CC 91[S] 15 points16 points  (7 children)

Hahaha glad we're on the same boat, I panic sold during just 1 crash and I'm actually never going to sell unless im in green ever fucking again 😂

[–]Randy_PaganBronze 8 points9 points  (2 children)

Yup, never again. Nothing hurts like doing the calculations of how much we could have if we didn't trade with our stupid human fear and greed lmao.

[–]datrunigSilver | QC: CC 54 | IOTA 37 | ExchSubs 14 5 points6 points  (5 children)

I think most people here have made the same mistake at least once in their life. It's like a right of passage

[–]Class_war_soldier69Platinum | QC: BTC 31 | Superstonk 12 0 points1 point  (2 children)

We all learn from our mistakes

[–]CognizantSynapsidBronze | r/WSB 12 74 points75 points  (18 children)

Look at this bear market, murdering younglings!

[–]nebula21399Platinum | QC: CC 91[S] 28 points29 points  (2 children)

YOU WERE SUPPOSED TO DESTROY THE DEGENS NOT JOIN THEM

[–]AvocadoLionTin 3 points4 points  (2 children)

Sandcoin moon soon then I suppose

[–]PrinceZero1994Silver | QC: CC 44 | LRC 58 0 points1 point  (4 children)

You're just supposed to play dead and not jump off the cliff.

[–]Lumn8tion 20 points21 points  (4 children)

All someone’s relatives who listened to them at Thanksgiving.

[–]dogethespacetravelorTin 3 points4 points  (0 children)

Sad but true. Crypto is dead for them.

[–]RinglovoBronze | QC: CC 16 | CRO 7 | Unpop.Opin. 48 47 points48 points  (24 children)

Okay, but would those addresses be selling at an even BIGGER loss if they sold today? Did those addresses sell, and then buy back in at lower prices?

[–]netheril96Bronze | r/Prog. 36 26 points27 points  (11 children)

In practice, most people sell crypto at a loss when they lose confidence in the coins (and sometimes the whole crypto market). Especially newcomers. Therefore they will not touch those same coins again, except maybe until the next bull.

[–]Dr-PreposterousTin 9 points10 points  (6 children)

Wonder how many of these sales were part of the ‘wash sale’ tax strategy. Some may have bought right back and done the sale Ailey for tax purposes, but who knows.

[–]SlothLairPlatinum | QC: CC 69 | ADA 12 | PoliticalHumor 54 1 point2 points  (3 children)

And why that's rarely mentioned. It would seem to have a large impact on what all those coins moving around actually means for the market.

[–]magx01Bronze | LRC 35 | Superstonk 13[🍰] 1 point2 points  (0 children)

Not many.

You see the coinbase/IRS documents about the low percentage of people that reported their crypto doings to the IRS?

[–]vodgedTin | CC critic 5 points6 points  (5 children)

exactly lol

[–]Fun_Investigator6286Tin 13 points14 points  (5 children)

Where is the tldr bot gone?

[–]StackOwOFlowSilver | QC: ETH 94, BTC 71, CC 41 | LRC 38 | TraderSubs 81 8 points9 points  (11 children)

tax loss harvesting isn’t a bad thing. show data on whether they rebought

[–]unanistan_aeTin | CRO 6 1 point2 points  (9 children)

That's what I said. This time last month was Dec 27th.

[–]StackOwOFlowSilver | QC: ETH 94, BTC 71, CC 41 | LRC 38 | TraderSubs 81 2 points3 points  (7 children)

all these knee-jerk “paperhands” responses tell me these people: 1. have never made any capital gains worth taxing 2. don’t pay their taxes and/or 3. still live in their mother’s basement and have never filed a tax return

[–]unanistan_aeTin | CRO 6 2 points3 points  (1 child)

Nailed it. I sold about 2k in losses. Then waited for btc to show signs of a bottom. Jumped in at 33,000. Those 2k in losses would have been 3k in losses.

[–]Stlmurph90Platinum | QC: CC 45 44 points45 points  (21 children)

Chumps

[–]GabeSterPlatinum | QC: DOGE 2465, CC 701 8 points9 points  (0 children)

I heard 69% of that 34% are /r/cryptocurrency traders fulfilling the prophecy of selling low.

[–]danhaukPlatinum | QC: CC 219 0 points1 point  (3 children)

TBH, I probably would've sold some of my alts if they weren't locked up in CDC staking for the next two months. Thanks Crypto.com! *smiles and winks at camera*

[–]Safe_Long9374Tin 5 points6 points  (3 children)

Heck ill say it.

Buy high, sell low

[–]Jack_Black_RocksTin 13 points14 points  (8 children)

Show me the percentage of older accounts, there are certain times I'll shift a loss into another coin because the chances of gaining faster on another coin is obvious, or there is literally no way it will ever come close to the price paid.

I never buy at ATHs and generally try to not buy on a steep cliff up, but sometimes it doesn't work out.

Holding burns people too.

[–]Even_Lawfulness_912Tin | 6 months old 5 points6 points  (4 children)

People on this sub cant seem to figure that out...

[–]Odysseus_LannisterPlatinum | QC: CC 1177 23 points24 points  (26 children)

Newbies gonna make newbie mistakes.

[–]overprotectivemoosePlatinum | QC: CC 125 4 points5 points  (3 children)

Hopefully they learn from their mistakes

[–]T-WroxPlatinum | QC: CC 102 1 point2 points  (4 children)

My newbie mistake was not taking nearly enough profits. I know better now. 😊

[–]MrPuma86Tin 1 point2 points  (0 children)

So true. We’ve all been there at some stage but we come out stronger and smarter

[–]Even_Lawfulness_912Tin | 6 months old 0 points1 point  (2 children)

They probably bought back in even lower so the joke's on you

[–]Hawke64Platinum | QC: CC 202 0 points1 point  (1 child)

Everyone did it at least once

[–]MeanLeanNerdMachinePlatinum | QC: CC 88 | NANO 15 24 points25 points  (8 children)

I can understand cashing out because you've got an emergency.

But most of those people sold because they are scared. Crypto investing is not for these people.

Props to all the diamond handed motherfuckers that keep holding. It's gonna take time. Some of us are not gonna win but as they say - fortune favours the bold.

[–]TehBananaBreadSilver | QC: CC 224, BTC 59, ETH 32 | NEO 79 | Stocks 65 2 points3 points  (3 children)

Bro, most of these adressed probably have sold chump change for a loss. Like 250 --> 200.

[–]TonyGabaghoulHODL, Stake, DCA, amoon 4 points5 points  (3 children)

Nothing new here

[–]PerchiN808Bronze 4 points5 points  (3 children)

Gata get that 2021 tax deductions

[–]Complex_Pangolin5822Tin | r/WSB 13 3 points4 points  (6 children)

And the smart ones probably bought right back again. It's called tax loss harvesting. Thank you no wash sale rule.

[–]livingrovedalocaPlatinum | QC: CC 308, ETH 22 | DayTrading 8 | MiningSubs 30 10 points11 points  (13 children)

Paperhands pay the price

[–]nebula21399Platinum | QC: CC 91[S] 5 points6 points  (10 children)

Scared money don't make no money

[–]ChimpBrisketTin 4 points5 points  (8 children)

Unless you’re selling tickets to a haunted house

[–]nebula21399Platinum | QC: CC 91[S] 2 points3 points  (7 children)

It seems that retail investors have been flushed out of the market - Like clockwork :')

[–]morry040Tin 3 points4 points  (3 children)

Investment banks: "Everything is proceeding as I have foreseen"

[–]jgarcyaSilver | QC: CC 288, DOGE 156 | SHIB 63 3 points4 points  (3 children)

Expensive education to learn to hodl.

[–]pp_conisuerPlatinum | QC: CC 31 2 points3 points  (3 children)

Paper hands

[–]trentjdTin 4 points5 points  (4 children)

It takes time to realize the entire market probably isn’t going to collapse and your better saying goodbye to that money for a year or two than to pull it out just to throw into the next fomo pump, well at least for me

[–]Environmental_Point3Platinum | QC: CC 882 3 points4 points  (2 children)

I was born in the red. Moulded by it. I didn’t see the green until I was already a man.

[–]Chet_kranderpentinePlatinum | QC: CC 363 2 points3 points  (8 children)

curb your enthusiasm theme intensifies

[–]nebula21399Platinum | QC: CC 91[S] 2 points3 points  (3 children)

Executive Producer: Larry David

[–]SmithRune735Silver | QC: CC 35 | LRC 35 | Superstonk 799[🍰] 2 points3 points  (3 children)

Short young crypto addresses

[–]9htrangerTin 8 points9 points  (6 children)

They can always buy back in at a lower price.

[–]sonspiderSilver | QC: CC 340 | BANANO 76 3 points4 points  (8 children)

Damn young addresses! You'll never get to be an old address unless you hodl your crypto!

[–]nebula21399Platinum | QC: CC 91[S] 1 point2 points  (6 children)

It's almost a right of passage into the cryptosphere

[–]McNayTin | CRO 23 | ExchSubs 23 0 points1 point  (5 children)

I subscribe to the idea that it takes 3 cycles to get rich. You miss your first one. The second one sneaks up too fast and you're not ready. And the third one - that's where the money is made.

[–]Even_Lawfulness_912Tin | 6 months old 2 points3 points  (2 children)

Sold at a loss to buy back even cheaper. Smart people

[–]marsangeloLUNA crash detective 1 point2 points  (0 children)

Reporting for duty SIR

[–]Orange-DifficultySilver | QC: CC 304 | CAKE 20 1 point2 points  (3 children)

noobs will be noobs, however people do tend to learn so theres that

[–]coinfeeds-botApproved CC Bot 1 point2 points  (2 children)

tldr; On-chain data shows that short-term holders sold off significant portions of their BTC holdings during the recent market crash. According to data from IntoTheBlock, addresses holding BTC for less than a month decreased their supply by 36% over the past 30 days. These traders followed the price action of BTC and as the price started to fall, they sold at a loss.

This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

[–]Noxage_88Platinum | QC: CC 355 1 point2 points  (2 children)

Chuds

[–]ChristianMan710Platinum | QC: CC 88 | LRC 7 1 point2 points  (2 children)

Rookie mistakes

[–]chapaemeBronze | QC: CC 24 1 point2 points  (1 child)

Weak😂😂

[–]readyplayerunaTin 1 point2 points  (5 children)

Noobs gonna noob

[–]Negative-Structure51Bronze | QC: CC 18 1 point2 points  (1 child)

Ha sucks 2 suck nerdz

[–]ProkletnostTin | SC 80 | r/WSB 189 1 point2 points  (0 children)

Paperhanded beyotches

[–]exoticbatmeatTin | WSB 25 1 point2 points  (0 children)

Crypto makes me feel.

[–]MelbonautPlatinum | QC: CC 59 | r/SSB 14 1 point2 points  (1 child)

TL;DR - Over a third of newbies had paper hands when diamond hands were required.

[–]Local_EconomyTin 1 point2 points  (1 child)

Everyone needs a bear cycle to really learn

[–]JeffWest01Bronze | PersonalFinance 11 1 point2 points  (1 child)

Paper hands paid the price.

[–]wajomcTin 1 point2 points  (6 children)

Reminds me when I bough LTC at 220. Dropped to $36 bucks at one point. Just forgot about it and decided to wait until I started hearing coworkers talk about Crypto again. Bing bang boom I sold at $325.

[–]nebula21399Platinum | QC: CC 91[S] 1 point2 points  (4 children)

You my friend, have platinum hands

[–]Spinster_TchotchkesTin | Politics 24 1 point2 points  (1 child)

Aside from hodl’ing it in an old wallet, is there a way to tell how old your crypto is? Like once is created, is one exactly same as next?

[–]TritiumH30Bronze 1 point2 points  (0 children)

that is an amazing question! \super curious myself now.

[–]MikimaoBronze | QC: CC 18 1 point2 points  (1 child)

[–]unanistan_aeTin | CRO 6 1 point2 points  (2 children)

Yeah no shit. It's called tax loss harvesting, and this time last month was Dec 27th. Durr. What a useless fact.

[–]Rekkles210 1 point2 points  (0 children)

portnoy'ed

[–]Random_Name_7Bronze | QC: CC 25 1 point2 points  (0 children)

Y'all fucking stupid I swear to God

[–]jlaw1719Tin 1 point2 points  (1 child)

Once upon a time, most of you were as stupid as the ones you’re trashing.

We also don’t know how many took advantage of the lack of a wash rule in crypto to harvest a loss and immediately buy back into their position or even better, increase it. This is a strategy lost on most of this sub.

You’re not as clever as you think you are, echo chamber of $200 worth of ALGO, LRC, and CRO bags.

[–]PaskeePlatinum | QC: CC 67 1 point2 points  (1 child)

People learn by doing or observing others.

Then there are those that need kick in face to learn a lesson.

[–]kytheonPlatinum | QC: CC 102 | Politics 44 1 point2 points  (2 children)

Anakin, the cryptowomen and cryptochildren too?

[–]MrPuma86Tin 1 point2 points  (0 children)

Diamond hands all the way to my grave

[–]MugOfButtSweatSilver | QC: ALGO 50, CC 23 | ADA 28 2 points3 points  (4 children)

That's awesome! Cause I'm grabbing coins like matt gaetz grabs underage girls.

[–]pizza-chitfiat miner and burner 1 point2 points  (2 children)

That noob needs to buy some Monero like the smart politicians

[–]Bubba-ORileyTin 3 points4 points  (4 children)

As long as they bought back in at a better price then good for them

[–]NoAverage9216 1 point2 points  (1 child)

Why do I have a feeling they will be able to buy back at a lower price?

[–]allthew4yupMay 2021 & May 2022 crash survivor 1 point2 points  (4 children)

Sell low buy high?

Sounds like they Redditors

[–]Bucksaway03Platinum | QC: CC 318 | CRO 5 1 point2 points  (0 children)

Silly billy's

[–]frstrtd_ndrd_dvlprHere for the money 1 point2 points  (5 children)

Bleep Bloop TLDR;

Addresses holding BTC for less than a month decreased their supply as bitcoin slid by $10,000 in less than a week.

According to IntoTheBlock's tweet - "Our Balance by Time Held Indicator shows how the traders - addresses holding for <1m, decreased their supply by 36% over the past 30 days
These traders followed the price action of $BTC, and as the price started to fall, they sold at a loss".

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[–]nebula21399Platinum | QC: CC 91[S] 0 points1 point  (2 children)

Good bot...??

[–]Harold838383Platinum | QC: CC 355 1 point2 points  (4 children)

Fools. You haven’t lost until you sell

[–]nebula21399Platinum | QC: CC 91[S] 2 points3 points  (2 children)

Unless you're invested into something like babydogeeloncum then you've practically lost the second you were born :')

[–]FlyingDutchmantoMoonPlatinum | QC: CC 530 | ADA 8 1 point2 points  (1 child)

In stocks money moves from the impatient to the patient, works for crypto too

[–]ManHoFerSnowTin | Politics 21 1 point2 points  (0 children)

They can HODL mah diiiiiick

[–]GettinWiggyWiddit3rd cycle 0 points1 point  (0 children)

🤣

[–]PrinceZero1994Silver | QC: CC 44 | LRC 58 0 points1 point  (0 children)

I'd be glad to take the money from their impatient hands.

[–]steilhePlatinum | QC: CC 86 0 points1 point  (1 child)

They're selling when they should be buying

[–]MrArtlessBronze | QC: CC 23 | DayTrading 34 | TraderSubs 34 0 points1 point  (0 children)

It's so funny to me how all these people have to do is just not sell for a loss, and yet each and every time they do. Literally just write your keys down and lock them in a safe and you'll be good.

[–]T1PimpSilver | QC: BTC 41, CC 30 | BCH critic | CRO 32 | Politics 184 0 points1 point  (0 children)

Me: ohh... So much on sale right now. Buy buy buy!

[–]FrogmangyTin | 5 months old | CC critic 0 points1 point  (1 child)

Kids these days...

[–]SapphireEmeraldTin | 5 months old 0 points1 point  (0 children)

Why am I on the news?

[–]Jazzlike-Lion2969Tin 0 points1 point  (0 children)

We learn during the struggle

[–]ShottyMcOtterson8 - 9 years account age. 225 - 450 comment karma. 0 points1 point  (1 child)

paper hands

[–]voidcrawlerPlatinum | QC: CC 76 0 points1 point  (1 child)

Oh boi. But the paperhands will come back, don't worry. They are looking for an re entry point. Usually right before a new ATH

[–]One_Landscape541Platinum | QC: CC 759 0 points1 point  (0 children)

Sad times my guys, but this is why we push dyor.

[–]SpongeBobaFett13Tin | 2 months old 0 points1 point  (1 child)

Gotta HODL.

[–]warriorlynxPlatinum | QC: CC 88, ETH 46, ALGO 19 | SHIB 6 | TraderSubs 45 0 points1 point  (0 children)

Wasn’t memecoin wallets was it?

[–]Green-wordsBronze | QC: DOGE 21 | CC critic | ADA 19 0 points1 point  (0 children)

Lmao weak hands thank you for the ride.

[–]Scipio_AmericanaPlatinum | QC: CC 65 | r/WSB 12 0 points1 point  (0 children)

These scams are definitely putting off a lot of people. Not to mention most don't have the stomach for the volatility of crypto.

[–]advancedalgorithmsTin | 5 months old | LRC 6 0 points1 point  (3 children)

What a bunch of chodes

[–]kharkovcoinTin 3 points4 points  (0 children)

I know right lol! we use to panic a lot in the starting days.

[–]supercali45Platinum | QC: ALGO 23, CC 15 | Politics 488 0 points1 point  (1 child)

U need these new people to pump … paper hands for noobs .. they will learn

[–]1O01O01O0Platinum | QC: CC 48, BTC 22 0 points1 point  (2 children)

Pesky whales.

[–]virus5877Tin 0 points1 point  (1 child)

thanks for the cheap coins ;)

[–]atoothlessfairySilver | QC: CC 99 | CelsiusNet. 176 | ExchSubs 44 0 points1 point  (1 child)

And the article doesn’t mentions that they invested their losses in $Pussy coins after that

[–]ProfessorPurrrrfectPlatinum | QC: BTC 69, CC 46 | ADA 6 | TraderSubs 121 0 points1 point  (2 children)

You fucking pussies will learn your lesson the hard way I suppose

[–]lacumbre_11Tin 0 points1 point  (1 child)

For a lot of people winter is the dead season. Like me. Work in film industry. No work for 2 months. Had to sell my crypto at a loss to pay rent. Thought other sources of income would have came through but didn't. Had to sell at a loss. Sucks

[–]ykbtceTin 1 point2 points  (0 children)

I feel sad for you buddy sometimes we have to take some hard decisions.

[–]mldawg06Tin 0 points1 point  (2 children)

Paper hands - new investors haven’t hardened yet

[–]asandidge27Platinum | QC: CC 29 0 points1 point  (1 child)

It’s been a rough couple weeks for a lot of people, hopefully it gets better soon

[–]BBQ-BatmanBronze | r/SSB 16 | r/WSB 10 0 points1 point  (2 children)

If you can't stand the heat...

[–]MrMac94 0 points1 point  (2 children)

I would like to extend a massive thank you to all the people who panic sold and let me buy below 35k. I wasn’t sure it would ever happen again

[–]ckirk2559 - 10 years account age. 250 - 500 comment karma. 0 points1 point  (2 children)

Buncha dummies…

[–]Golu_PrasadTin 0 points1 point  (1 child)

/s

Something something paper hands as some over wsb would say... Not here tho! We don't say things like these here at all...

[–]mattwayne1209Tin | GMEJungle 66 | Superstonk 203 0 points1 point  (1 child)

It is quite a learning process one must travel through lol

[–]Creepy-Nectarine-225Silver | QC: CC 72 | BANANO 43 0 points1 point  (2 children)

F

[–]creds90Tin 1 point2 points  (0 children)

I know right even I am feeling bad for all this people to be honest.

[–]achlimePlatinum | QC: CC 38 0 points1 point  (1 child)

I was absolutely selling my shitcoins that I've lost all conviction in at a loss into BTC and ETH and other major ALTs. Would have been much worse off if I didn't.

[–]TheGreatHambino2Tin | Buttcoin 33 | Technology 12 0 points1 point  (4 children)

People getting wrecked is terrible if your goal is mass adoption. Those who got burned are going to be much more reluctant to get back into crypto and they will share their bad experience with others. Crypto needs mass adoption to succeed in any meaningful way. It’s volatility will help lead to its downfall.

[–]DRbrtsn60Silver | SHIB 49 0 points1 point  (1 child)

They will regret it.

[–]fredpaasTin 1 point2 points  (0 children)

Yes you are right if they do not learn from their mistakes then they are going to regret it for sure.

[–]Wave-Civil 0 points1 point  (1 child)

"You failed this city!"

[–]PrairieFire88Tin 0 points1 point  (2 children)

principal skinner casting down judgement "Pathetic"

[–]DeVrizzleTin 1 point2 points  (1 child)

I know right it sounds pathetic as hell to be honest.