@cryptodude999 It needs a mass scale revolution to change things in the west but people are so divided and asleep it will never happen. Totalitarian "Democratic" governments won. Prepare for dystopian scenarios
@cryptodude999 The question what do we bid if we were sidelined and we can deploy capital now. Zec and privacy or spread to many different rekted alts?
The algo dosn't like u to see this content, but you don’t even realize the kind of BTC Stables Dominance alpha I’m dropping here.
This type of wick and rejection at a key level usually marks the start of alt szn. We’ll find out soon enough.
Aging well so far, another rejection at fib 0,786 and potential Lower High.
Probably one of the most severe flushes I’ve ever seen on alts, I didn’t even imagine alts had this much leverage in them. It feels like someone got hit very hard and will see a large body float to the surface soon, reminds me a little of summer 2021.
Good reminder to myself to own things that I am actually bullish on, and not things I am trying to shift on momentum. Some charts look like they’ll never recover, whereas some things look buyable for the first time in a while.
When everyone is making hilarious amounts of money I am always tempted to start using leverage again. It is almost impossible to fight the feeling that you’re not making enough, or everyone else is outpacing you. Good reminder that fighting that feeling and avoid the wipeouts is worth it in the end.
Check on your friends, likely a bad day for many.
Personally, am concentrating my bags into the things I am happy to own for the next few years, and shedding the fat. Realised I own some assets based on not wanting to miss out, rather than on some actual thesis. Days like today are much easier for me if I think my bags will bounce back, and much worse if I’m losing money owning things I don’t even believe in.
Don’t let a leverage blowup dictate your long-term views. The future is bright, good things to come, patience is rewarded.
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