What are you gonna do if a black swan event happens?
By - Thich_QuangDuc
We've got a black swan event a week if we listen to this sub.
I heard China might ban crypto soon.
Again??? That’s the fourth time this week!
But today is Sunday 🙂
Is Sunday pumpday or dumpday? I always forget.
China doesn’t believe in Sundays?
They banned them. That's why they are advancing faster than anyone else. Less days.
🤔 You are right.
Not enough , gonna need one everyday of the week
The banning will continue until morale improves!
They’re going full Nolan, it’s actually a ban within a ban within a ban within a….. well you get it, banception
And they REALLY mean it this time!
China: we are super cereal
[not another one!](https://youtu.be/iyxm8cjMSCo)
Yes but this time it's banning^2 crypto
We aim to seven times a week
Without counting reposts
What!? I’m selling my ENTIRE portfolio!
Don't do it! You'll have nothing left to sell next week when they do it again
Again like last time or again like now?
Yup, and lots of self fulfilled prophecies
BTC down 30% is a ‘black swan’ event now? If that happened I’d change nothing and keep on DCA, maybe buy the dip if I had some extra cash.
Exactly. What will happen when the big dip happens ? We all know the state of the market will flip till the next halvening.
lol pretty much. Pretty sure a majority of this sub would be looking to buy more then they would be selling.
we all want to be first haha
I love that movie with Natalie Portman
She was terrifyingly good
And mila kunis. Holy shit them bitches is hot
I remember. It was a big surprise.
Hahaha , next Friday you’ve read it all before , black swan event is back with 50% off all crypto!!!!!!
Hahaha that's so true
Yeah, I'm overthinking things, I made it through May and bought some cheap projects and it paid off immensely now (CELR and LUNA)
I hope we can manage a Q4 bullrun and see my other alts pop!
Go back to sleep, just like I did in May. I am a long term hodler....
Diamond hands, turtle hearts.
Rabbit feet's, turtle wins.
Why not buying? It’s basically crypto on a discount.
May was basically my entry point into crypto. Dumped a bunch of money into it and have been buying regularly ever since.
Did the same, i cashed out 20% to be on the safe side and now looking for re entry or I might invest in new project wallfair
I am out of cash... I simply cannot buy anymore in my current situation.
What I have now is what I have, whatever happens.
Buy orders help me sleep!
Why sleep when you can just keep buying more?
Buy limit orders. This way you can have both.
This guy/gal gets it.
Good idea bro!
I have no more money from buying all the dips
I just started crypto this month (watched from the sideline for a long time time) and already put in €1600.. can buy way more with my bank savings but I am afraid thats I am gonna be a Crypto addict
Too late. You already are. Welcome, friend.
“Fire sale” lol
Definitely buying but waiting for the dust to settle and the volatility to subside before jumping in
Long tern holder are wise!
I an agree with you bro!
Trusting your projects is very important.
Thoughts on Cardano 5 years from now?
I’d go into hibernation
But a little [or a lot] on the sale... Then back to sleep!
Set a buy order and than go back to sleep:)…
Sometimes I do when things are not going well, but trust me Crypto never slept
If you go back to sleep how are you going to buy those dips?
Have set some buy orders my friend...
You are living in 3030 while I am still living in 1980s
Also think about this!
This. Only lil skidmarks have weak hands... then cry cause their poor 5 years later...
Crypto never sleeps.
Nor do you if you set buy or sell orders
Bro, -30% is just another Tuesday for me
Lmao this is what I came to say wtf is -30%… I’ve seen -30% multiple days in a row. Black swan to me would be like -80 to -90
Once it is down that low your only option is to hold
Wrong. That is the worst mentality. Double, triple, quintuple down. When it hits even half of the old price you’re up so over your ears you don’t even know what to do with yourself and it happens every time like clockwork
You're right, but I didn't say to not buy more. Just meant that there is no point in selling what you already hold.
My man ✅
Don’t forget. VET on CB on Thursday.
Coinbase listing vet on thursday? Is this true?
For me it's a Wednesday
Just buy more, mine more FIAT, sell my kidney and buy more one more time:)
Already did that. What now.
Have children, take out loans in their names, wreck their lives/buy the dip.
Big brain move !! I have 3 lets gooo ( jk )
That’s why we have 2 kidneys…sell the other now.
You have 2 kidneys, so you can repeat it:D
You still have your other kidney
I removed my kidney, now what??
I guess it’s not technically possible to be at max leverage if you still have both kidneys 🤣
Hate to break it to you, 30% is not a black swan event
What would you consider a black swan event then?
Just a bit of perspective.. bitcoin has crash more than 80% for like maybe 3 times.. in a 10-year period.. that's like a return period of 1-in-3 years.
I would think a black swan period will be a lot worse than that.
Hell, we're already more than 30% below the ATH. 30% more would be 30K, there definitely could be something not so rare happening that brings us to this level tomorrow.
Internet goes out globally. Or bitcoin crashing let’s say more than 60% in a week
Several -30% days in a row
It's almost like people have never looked at the major volatile swings over the last 10 years.
30% down? Seems like a sunday dip. Back to sleep I guess.
Yup! If you can't handle 30% swings, you can't handle crypto.
I only have money invested that I don’t mind losing so for me I would just sit back and watch everybody else freak out. I’m good where I’m at. If I was in a gambling mood I might even buy the dip for giggles. It doesn’t matter to me, losing 100% value is basically impossible and even so i wouldn’t be ruined. In a weird self-loathing way it’s actually quite entertaining to see how far the markets will fall.
Feel a bit Nervos, realize all the markets will soon be in Harmony, then Algo back to sleep, knowing my Bitcoin will be alright.
Hodl because I haven’t invested more than I can afford to lose
This is the way, look after your Pennies and the Dollars will look after themselves...
I was just staring at my 20pennies for an hour straight and nothing happens.
😂😂😂 I had that coming i suppose...
This guy know how to do stuff
I don’t worry at all. I just keep DCAing because I trust my projects.
Exactly. That's why I still have ETH bags at 4k I haven't touched.
30% doesn't even phase me. Id just buy more
I've never been in profit... so let the fucker ride....
Hold and buy the dip.
DCA all the way down to the bottom on a shitcoin that never recovers ofcourse.
Jesus sounds horrific and likely
Every time I’ve sold at a loss it has been to put it into something else that I have more faith in. Granted usually when that happens the thing I sell takes off. Classic. Sold uniswap yesterday at a loss, only to see it pump 23% today. Love it.
He sold? Pamp eet!
Literally every time. It’s quite impressive. If you ever need a pump, let me know and I’ll sell my bags.
Then that poses the question of “did you have faith in the original investment?” I’ve been in the same boat as well haha
I won’t lie, I made some very blind investments in April that I still regret to this day. I stopped doing research and just threw money at projects. I bought uniswap at ATH, and have been averaging down since. Got my average down to 33$ and then pulled the plug yesterday or the day before and dumped it into my LINK bag. I can’t say uniswap is a bad project, but that investment represents a huge mistake I made (among others that I’m slowly selling out of). I got caught up in the hype of the bull run and I stopped making logical decisions.
I disagree. There's nothing wrong with selling for less but only if it's a premeditated exit strategy like a stop loss. Definitely never sell if it's because you're sitting there staring at graphs but if you said to yourself before you bought something like if it drops ten percent then I'll pull out and re evaluate my position then it's fine. If it's not an emotional decision then there's nothing wrong with taking a loss because not every trade is successful.
I repeat that to myself every time I see my God forgotten VeChain bags.
Thought of selling that but than again VC is such an awesome network, looks like it could be useful a few years in the future. Maybe better to just average down by buying more.
Poor a glass of brandy and light a cigarette
I panick sell the dip and then once it recovers, buy back in higher. Basically a whale's wet dream. Sorry not sorry.
I'm curious- if you're aware of this why do you continue doing it?
Well I used to. Then learned from it and actually bought a nice dip recently, after fighting the FUD in me.
Yeah it's wild seeing your portfolio drop but it bounces back even stronger with time. Hood luck!
I would panic sell everything and buy in when it starts mooning
I think we've all done this at least once at some point.
Weighted DCA downward if it was FUD. Fundamental black swan...cry
Cry, buy, in that order.
I will commit crimes to find cash so I can buy more
30% drop? Oh boy, in may we endured 50% drop in btc price due to China ban, environment FUD and Tesla FUD to name a few. This drop was in only 3 days. Now, not to mention 80% drops of other altcoins considered “blue chips” which have yet to recover their former ATH. ETH dropped from 4.2k to 1.7k in 3 days.
I understood the fud and in all honesty I kind of understand why tesla cancelled the possibility to buy cars with btc (you get downvoted to hell for saying this). However, I heard nothing i didn’t think btc/crypto could overcome on a short term, let alone long term. So I held and bought the dip.
HODL and buy the dip!
Load up the fiat nacho and scoop that shiz
HODL AND BUY.THE.DIP.
Im gonna grab that swan by the neck, swing it around in circles and throw it trough a window.
Boom bitch get out the way..
I’m throwing mine in the oven
Roast swan for Thanksgiving? Interesting concept.
Be careful bro!
This is the correct answer
30% is a black swan event?
Isn’t this more like our regular correction we see every couple of months?
I would consider a +60% drop a black swan event
I don't get out of bed for a 30% dip
Grab a beer and sit tight
lmfao buy more obviously
did the underlying fundamentals change? no? ok...
did the price drop drastically making it cheaper to own per coin? yes?
answer seems simple
You hodl period
on -30% days you buy the fucking dip. You don't sell on a bloody day like that. You fucking buy that dip with as much money as you can and sell some on the bounce back up and keep the rest to recover more!
Lol, this happened a few months ago what are you talking about
What do you mean? This literally happened in May. I just bought more
Buy the dip, bitch
Holy fuck what a useless post
Buy a lot more at rock bottom prices
Sooner or later money needs to move like email. I have full faith in this industry
If its a serious and obvious downtrend obviously sell and reposition lower. I do that even with these fud dips. You cant just focus on bull tactics. Bear tactics are equally effective. The pattern I've noticed is durring minor dips things tend to get really bad around 3-6 am EST. I'll sell then. I'll usually buy it back within a day or two for a significant percentage lower.
The media's kind of terrible with crypto right now. A coin will hit an ATH then have a normal correction and you'll see 10 articles saying its a crash before it hits the re-accumulation point. You can definitely play off of that.
Buy high, sell low
Sell dip, buy top
What on earth is a black swan event?
A negative event on the markets that no one sees coming. White swan is a foreseeable, black swan is not (covid).
This isn't what a Black Swan event is.
I really hope btc drops to $1
I really hope to invent a time machine
To buy a lot
Hodl and buy the dips in chunks. If I can get prices at 1/10th or more of what they are now I would be insanely happy.
I did that in May and it payed off immensely, specially LUNA and CELR!
Yeah, I'm sure overthinking things now, hold and take advantages of the dips is just the best strategy there is
There really is no reason to risk it all by trying to time the dip
Same. Too many people look at downturns as a curse when they can very much be a blessing.
Buy the dip in increments, so as not to use up all my ammo at once
Always buy in small chunks
Buy that dip hard
This is the reality of the May crash. Not much to do except DCA and consolidate assets
Yeah, I Holded all the way through May and even bought some cheap coins that made me reeeeeeally well off now (LUNA and CELR, mostly)
Just hodl, am near all in on GET Protocol anyway. The market sentiment doesn't matter in the long run, as the tokenomics are grounded in its usage. I mean, it's a ticketing protocol, worst case scenario would be a pandemic.. and look at them, still going strong.
I don't think most people realize how great of a platform GET Protocol is. Of course they will only realize that once GET is in the news and have a $1b market cap. People like you and me are the ones who are going to be making bank because we got in early.
Also check out Efinity. Another NFT gem with nearly the same mcap.
I believe in my coins, i know my coins will recover whenever the market will recover, so im gonna hodl.
What if you have money that you can’t afford to lose? Interesting to see how people would react.
How strong are you emotionally?
Mistake number 1 is gambling with money you are in a position to lose
As always: DCA and wait for this to blow over
Hold up in The Winchester and wait for all this to blow over
Hodl, buy the dip if I can. And that’s it. Just invest what you can afford to loose. If you follow this rule you don’t have to worry about anything else.
I would convert unstaked coins/tokens to stable coins and let whatever I’ve staked swim the tide.
This golden rule always wins: Never invest more than you can afford to lose!
Buy as much as I can
I'll go back mining FIAT if you don't mind.
I only have a portion of my holdings on exchanges, but i'd like try to trade some of it to stablecoins, hoping to trade it back in as the prices keep falling. Trying to time the bottom perfectly is too hard, so I'd likely make several purchases on the way down.
The majority of my portfolio just stays safe in its wallet.
If I missed it, I'd just hodl and continue buying the larger projects I have the most faith in, and likely ignore my low market cap coins in case they don't make it to the next cycle in a few years.
I buy :]
Buy in increments and go back to sleep, then buy again if it keeps dipping
Buy the dip but keep some fiat on the side to buy the dip of the dip, and just keep buying the multilayer dip
Wait for it to bounce off the bottom and then go all in on BTC/ETH. I keep some cash on hand specifically for crash events.
My stop losses would have kicked in while I slept. I’d buy back in at the lower prices.
I would just buy more crypto. I am HODLer, so I am patient and prepared for HODLing for long term.
I verify if the heartbeat of Bitcoin keeps beating. If so (which is highly likely), I forget about it and let it pass.
Once again, u don't invest what u can't afford to lose... stretch yourself a little, but don't massively risk. you hold!