My first thought was that I wasn't logged into my crypto coin webpage...the balance was too low to be my portfolio...it had to be one of the example ones that display before one is logged in....Unfortunately...that wasn't the case...
What the hell happened overnight? I immediately switched over to my crypto coin analysis page and saw the bombshell article..."China bans ICO's pending furthur investigations"....
Granted...I knew owning a coin known as the "Ethereum of China" had its risks...anytime China sneezes...the coin market dramatically reacts...afterall...its meteroic rise was for the same reason...but...despite all that...one never wants to think the worse...
Reality is this...the coin markets have exploded based on wild speculation...money inflows and little if any regulation. Most of us trade on exchanges we have no idea who runs them and whether their doors will be open tomorrow...in the back of our minds we all know its been a bit insane and too easy to make a buck...at least on paper...
Less than a week ago my coin portfolio was at a all time high...this morning...its far from it and the inner fear that this crypto thing is all an illusion...creeps into my thoughts. However...while I considered selling off a bit when things were at their high...I didn't...I'm not in this to be a trader...I don't try and time the tops and find the right buy back points...I'm chasing the dream...
Sometimes dreams become nightmares...but...like this morning...once I wake and shake off the nightmare....I let things settle... re assess and hope to find reasons to keep the dream alive.
And once again remind myself...I'd be a lot more upset if I jumped out each time I see new lows rather than hanging in there to experience the higher highs...Afterall...isn't that what a dream is?
I love crypto...no going back to sleep this morning.