KingdomCrypto

#StayStoic Kings. Not financial advice!

[KingdomCrypto @Kingdom_Crypto_]

@fivetoninegrind @MoonLamboio Hahaa 😂

[KingdomCrypto @Kingdom_Crypto_]

Just found the most popular books by global politicians in my local
Library…..

Just because it’s AI it doesn’t mean it’s not true 😂👀

[KingdomCrypto @Kingdom_Crypto_]

@egragcrypto Stay stoic!

[KingdomCrypto @Kingdom_Crypto_]

@RaoulGMI sharing the golden insight at what he states as “brutal” conditions.

But…..

He’s right, stay stoic kings and queens of crypto. Your time will come.

[Raoul Pal @RaoulGMI]

Utterly brutal crypto markets with relentless, rapid positions unwinding and rumours swirling after 10/10 of impaired market maker balance sheets leading to less liquidity and someone blowing up.

It reminds me a lot of 2021 when in a 4 week period Bitcoin fell 56%, ETH -62% and SOL fell -68%. It then sharply reversed and exploded to new highs. That sell off was as baffling as this one.

With the macro backdrop still so positive it is hard to think that we won't see something similar here (a sharp recovery) but massive downside volatility like this is not easy for anyone and not certainly something I expected to see at this stage, but it is also not out of the normal.

Back in 2019 to 2020 we had a -72% sell off (in a bull market but the sell off was exacerbated by Covid). Back in 2016 to 2017 we had 7 sell offs of over 30% in BTC. Alts always do worse of those periods too (see chart)

The current price action is showing no signs of letting up yet even though we are massively oversold, but having lived through huge rapid de-rsking events before in many markets, this too shall pass.

My strategy is to add into these sell offs but Im ok with large swings in P&L in a long-term multi-year trend as I've explained many times, but everyone circumstances and time horizons are different.

Good luck out there, its ugly and made harder by the lack of actual negative news outside of price. Try to get away from your screens if you can and get into nature to destress.

[KingdomCrypto @Kingdom_Crypto_]

@WatcherGuru So…..fractionalising the next financial system has begun already eh 😂

[KingdomCrypto @Kingdom_Crypto_]

@fivetoninegrind @jimcramer Wtaf is he blithering on about?

[KingdomCrypto @Kingdom_Crypto_]

@CoinMarketCap #XRP

[KingdomCrypto @Kingdom_Crypto_]

@MoonLamboio Congratulations to you both, does this mean a moon wedding?

[KingdomCrypto @Kingdom_Crypto_]

@fivetoninegrind @rovercrc 😂

[KingdomCrypto @Kingdom_Crypto_]

@fivetoninegrind You and me both brother

[KingdomCrypto @Kingdom_Crypto_]

So #ETH is pumping and in the final legs towards price discovery….

Anyone else excited yet?

[KingdomCrypto @Kingdom_Crypto_]

@MoonLamboio

Just in case you weren’t aware.

It seems you have a doppelgänger….

Imitation is a form of flattery I suppose!

[KingdomCrypto @Kingdom_Crypto_]

@MoonLamboio I do believe they suffer from your least favourite derangement

[KingdomCrypto @Kingdom_Crypto_]

@fivetoninegrind @lynk0x I’ll alou it

[KingdomCrypto @Kingdom_Crypto_]

@fivetoninegrind @lynk0x Does X come in braille?

[KingdomCrypto @Kingdom_Crypto_]

@fivetoninegrind @MoonLamboio I’m not referring to @MoonLamboio

More the people affected by his least favourite syndrome. #XRP

[KingdomCrypto @Kingdom_Crypto_]

@fivetoninegrind @MoonLamboio I know he doesn’t but it’s fun to poke the deranged once in a while.

[KingdomCrypto @Kingdom_Crypto_]

@fivetoninegrind @MoonLamboio 😂

[KingdomCrypto @Kingdom_Crypto_]

@fivetoninegrind @MoonLamboio I’ll bring the dressing