Losses aren’t real until you sell. HODL

Altcoins

A long time ago, I realized that outside of pyramid systems, there aren’t really any other ways to make money in this world (unless you have access to something like oil — the one truly valuable resource on the planet).

In any industry, you’re either part of a hierarchy if you work for a company, or you need to build your own kind of pyramid — because any business ultimately comes down to sales. Whether you’re an artist, a restaurant owner, or a shopkeeper: it’s always sell, sell, sell. We’re constantly selling something to someone.

The point is, any cryptocurrency is basically a pyramid structure. The only difference is that Bitcoin’s creator is unknown, while with almost any other crypto, there’s a known individual or company behind it. And in 99% of cases, that company isn’t solving any real-world problems or giving people true value.

Instead, they come up with a half-decent idea, then use marketing to attract people who believe that putting in $100 today will make them rich tomorrow. But realistically, in today’s environment, that’s nearly impossible — the market is constantly being suppressed and devalued.

Still, remember the main idea: governments keep printing endless amounts of money, and some of it will always find its way into crypto.

Props to those who can survive the current downtrend — eventually, you’ll win. The real question is when, and how much pressure random players will have to endure before the crypto market becomes even more monopolized.

So here’s my advice for anyone sitting deep in altcoins with a 90%+ loss: if you haven’t sold yet, you haven’t locked in a loss. Eventually, crypto will rise again, because honestly, it’s one of the few things you can truly own.

But be ready for the reality that some of your coins might hit zero.
Pro tip: don’t go all-in on a single altcoin. Split your investment across 10 different ones instead.