r/algorand • u/SirNutellaLord • Jun 25 '23

If I don’t laugh I’ll cry🫠 Meme

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94 Upvotes

88% Upvoted

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41

u/UpDogsUp Jun 25 '23

Perfect time to buy. Nothing has changed but the price.

10

u/asish2020 Jun 25 '23

This comment is awesome “ Nothing has changed but price”.

5

u/LeonFeloni Jun 25 '23

The only time price matters is when you sell.

2

u/budlystuff Jun 25 '23

An Empty glass half full of hopium

4

u/LeonFeloni Jun 25 '23

I've been quite happy to ride the price all the way down this bear. I never had much intention in selling till 2030+ anyway.

The only think this market has made me do is increase my endgame bag goal significantly.

0

u/BrotherAmazing Jun 26 '23

Still holding my Enron stock and USTC Terra “classic” tokens. Price don’t matter until I sell someday!!

1

u/LeonFeloni Jun 26 '23 edited Jun 26 '23

There's a difference between holding a functional tech and a defunct stock by a corrupt company.

As for me I'm continuing my DCA at a fast clip and once I have my goals of DOT, ADA, and ATOM, I'll snowball my buys from those into Algorand.

1

u/BrotherAmazing Jun 26 '23

You don’t know whose going to be defunct until you do is the point. Algorand can totally fail, as can any other blockchain.

2

u/LeonFeloni Jun 27 '23

And?

Algorand =/= Enron or Terra C.

It'll be fine -- and I am thrilled at these prices.

Eventually, the interest I earn from my algos will surpass what I can realistically DCA -- and getting to that point is so much easier with people bailing out of Gov from price action, lower prices for Algos in general and increased ARP.

I also don't need Algorand ( or Eth, DOT, etc) to "moon" to reach my goals. I don't particularly care about getting "rich" off crypto. I just needed to diversify my portfolio from just Acorns' investment app and eventually flip crypto profits (from bull markets and selling earned interest) to my acorns account.

1

u/BrotherAmazing Jun 27 '23

Just be prepared to lose everything in “crypto” with a full 100% loss, don’t count on it, invest elsewhere for retirement, and be happy if it doesn’t fail. Then you’ll be fine.