#Bitcoin / $BTC
Expecting a violent move lower when $60K breaks.
Still believe from a *time* perspective, we're only 3-4 months away from the lows of this bear market.
People who manage to survive this phase have the opportunity to position themselves to be the leaders of the next bull market.
Should be a lot of really solid entry opportunities across the board soon enough.
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.
嵐の後
If any influencer tells you that you'll get rich quick by buying a coin, remember that there's no getting rich quick scheme here in Crypto.
The influencer will get rich using you as the exit liquidity. Slow and steady is the way.
You can make a fortune off 1-3% positions sizing.
Ignore people who tweet “stop using leverage” they clearly don’t understand leverage, it reduces your counterparty risk firstly.
CT might sometimes make you feel that everyone is winnning except you.
Don't fall into the trap of believing this.
For every trader that celebrates his wins, nine others don't share their losses.