One Day We are Going To Die Snoopy, But Not Today...
A hell of a bloodbath we had today in the crypto market. During Asian hours, it was hell unleashed for the broad market, but once Americans woke up and started buying the dip, we started to reverse. So yeah, blame the Americans, but they ain't necessarily behind all the shit; sometimes "they good guys".
I had two long positions opened when the shit hit the fan, one on DOGE and the other on SUI. They liquidated me on DOGE, but I got away with SUI with $0.5 profit...
It felt like it was the end of the world for most investors, but in reality, what we are seeing is just a healthy correction. However, we are often getting caught in what we would like the market to do instead of opening our eyes towards what needs to happen.
More than three billion got liquidated on the market, and my gut feeling tells me we are not over yet, thus I am staying away from leverage. Spot only...
Today was a good lesson though... At least to me. I learned that I am too often too connected with the market and quite often the price swings of the market influence my vibe and well-being. Even when being at the gym, I was glued to the screen of my smartphone, looking at how bad things were getting.
The thing is, nothing's bad. Every day, buyers and sellers meet on the open market, and someone has to win. Today, it was the sellers that won for a while. I wouldn't say we are out of the woods yet, but we might be close to a bottom. The bull market is still not yet invalidated, but tbh, I was hoping the altcoin season would have started by now...
It's funny how easily we get caught with all sorts of shit on a daily basis, living life on auto mode, constantly being caught between what could happen, what we would like to happen, and what happened. What about now?
I like this quote; I don't know where I read it, but I like it... "One day we are going to die, Snoopy, but not today...". That's about from my side for now. I wish everyone a good Friday and see you all tomorrow.
Thanks for your attention,
Adrian