A significant portion of r/CryptoCurrency lurkers are young guns with a bit of money to their names. If that is you, then you may have been tempted to yolo in your savings during this crash to “stack crypto” because popular youtubers and top reddit posts keep touting that markets will rebound.
Make no mistake, they don’t know shit.
I don’t either, but that’s why this post isn’t necessarily advice, its purpose is to be a reminder: do a risk check.
Ask yourself: Can you truly stomach 80%+ in losses? Did you invest over 50% of your savings into crypto to try and escape the rat race? Are you reading top posts and following crypto celeb advice instead of doing your own thorough research? Snap out of it. Seriously, take a moment to check if you are alright with losing everything you’ve invested, because the chances of your portfolio plunging through the water is very real.
I’m just saying: think twice.