It was close to -43%
Seems to me that sentiment also is a huge factor in the way the Cryptos market moves.
Bought me some more DOGE
How low could it go this time? Even though I was expecting the market to drop severly, it did kind of surprise me this time. The silence before the storm really gave me an eerie feeling. And it seems we are missing a day of celebration in some way or form in the second week of january. Because somehow Blue Monday really did seem to trigger a drop. Is it the mood? Do we experience a collective blues sentiment? Well, then maybe we need another holiday, for the first month of the year. It is the period that was know as cucumber time when I was working as in retail. That moment when one is looking for something to do, anything, just to be released from boredom. Almost dragging clients in by their ears: "No you do not have to buy anything, just pretend you do. And act as if you need my assistance, you'll get a free coffee, or tea, with a complementary biscuit even." But cats are animals that do not like being handled like that. They are the Houdinis of the animal kingdom, before I knew it they would have escaped. Also they prefer milk.
Could we have a three day lasting holiday, like Blue Monday SALES, everything at least with a 30% discount. It worked with Black Friday, although I never got to understand why it could last for 3 days. But, as long as we are building up to this, why not take 3 days of the january blues. And buy everything with the money that was left-over from the december holidays. As that would be not a lot it would make sense that this SALE could even go a low as a 43% discount. Then we would look forward to the celebration of Blue Monday! Would it not be great to buy some stuff that you can then give at Valentines a month later? Though then she'd maybe be like: "Sure it is gold, but you bought it on BM with a 43% discount now did you not?" And then you point here at the little diamond that is set inside the ring. "That zirkonia you mean? You did not even bother to buy me a real diamond...!?"
Hm, I guess I do not like Valentines day that much. Anyway it looks like the Blue Monday blues is almost over by now. The sun is breaking through here, finally after a lot of gloomy and grey autumn like rainy days. January never was my favorite month of the year. Things now are back to the usual. In retail it was easy to count the content of the cash-register at the end of the day. Not even a button would have gotten in on those days in januari. But then when the huge SALES were launched even rubbish things would get sold while still holding a nice profit margin. Even at a 30% discount and more. Cleaning things up in stock nicely while making room for the new product-line getting ready for spring. Well, maybe that goes for the Cryptos too. At least bought me some more Dogecoin at the dip. As I think the 3 day Blue Monday Crypto Sale is almost over.
May the Cryptos be with us!
Oh, and remember... Only invest in Cryptos what you are willing and able to lose.
