Suicide Weekend vibes from LUNA crash aftermath (LUNA was a Top10 crypto coin 2 days ago)
(media.greatawakening.win)
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (43)
sorted by:
That is the smart approach.
Well, who could have known that it was possible for the value of an asset to decrease?!
Doesn't matter how much you diversify. if this was even 10% of someone's portfolio it would still hurt, it went from $90 to less than a cent in just a couple days.
Losing 10% isn't "everything" though. There have been major warning signs in all markets for weeks now. Be ok with losing what is in them if you are going to try and stick it out. If you only lost 10% that would give you a chance to back off the markets when you realize shit is unstable. Have some hard assets, and other assets that are extremely speculative that you can survive without if they implode.
I see traders all the time who blow up their whole accounts within minutes, they decide to short low cost high momentum stocks which then get short-sqeezed to oblivion. But they know it's high-risk high reward.