It's insane how fast CT will grab onto any slither of hope. This is full blown behav economics loss aversion
Macro hasn't changed overnight (lul)
Binance didn't buy BTC (Cz confirmed)
SBF hasn't done shit yet.
More rekkage to come. Considering short pos after bank holiday.
Solend voting to take over whale account and people praising it as a saving grace are indirectly crying BULL INDICATOR. Money talks
It's delusional and one of the craziest things I've ever seen.
Overall, I'm probably down 25% of my ~5% total portfolio alloc. To crypto.
Macro is disgusting, now is the time to hold cash, take a big step back, and be prepared for next opportunity which will inevitably present itself. Whether equities, real estate, crypto or other.
Currently AT 19K. I intend to buy back when the market chaos subsides. Who knows when. Maybe 10k, maybe less.
All alt positions were sold out in previous weeks. Most will die.
BTC will survive.
I'll look back at 2020-22 with fond memories.
@Aileentiantian Nah, doubt it. Just sticking to my 10 yr strategy. Personal context and time horizon is important to remember in this chaos. BTC only makes up a small % of my overall portfolio.
Congrats on taking profits, NFA but remember to enjoy your winnings and live life. More blood coming
'3 digit ETH is a once-in-a-lifetime opportunity' is a fkn delusional statement and means nothing
900 is 3 digit. So is 100.
Block these idiots now if U care about your mental health and wealth
What should I do now?
Stubborn capital be stubborn.
Stubborn capital be diversified. That's the only reason my crypto portfolio is still alive.
Over the next 60d I'll stubbornly DCA into Bitcoin while building more cash reserves.
So many 'buy the dippers' about to get fkn rekt.
There is no quant easing/money printing this time to fuel a bull run.
Trillions in debt. unknown rate hike ceiling.
You are. exit liquidity. Trade the bounce but know the cat is dead.
Btw thanks for being my exit liquidity.
Not sure who needs to hear this (prob me, prob you) but when the seemingly perpetual winter comes and you're short term euphoria (delusion?) wears off, remember one thing:
Follow builders.