Can you imagine yourself browsing Twitter while constantly checking out prices on crypto for hours in a row, right after waking up in the morning to your crypto bags getting even more under the water? Well, that's what I basically did today...
I guess I'm following too many people on twitter, I've paid too much attention to their narratives and checked on these prices too often. I was expecting a rebound already, but the rebound didn't happen. BTC is hardly holding $16,700, a level I was clearly taking out of the equation to ever happen during the final phases of the bull market.
Altcoins are even more fucked than Bitcoin, it happens every cycle but we are so damn slow learners. At least I am... or I was... I don't even know anything for sure.
I had a plan for the bull market, and I had one for the bear season too, but neither came to fruition. Now the cards are on the table(too much money in crypto) and I don't have a clue where this shit show is going. It feels like this bear market doesn't even have an end.
The most levelheaded view I "got in touch with" lately regarding the markets, the economy, and when we should expect a change in trend(from bearish to bullish) was from a video of that I watched yesterday before going to bed. The way he put it into perspective made so much sense.
He's the only one who pointed out that we should not have expectations for the markets to do what the economy is doing that meaning that one can go up and the other can dive and vice versa. The majority is expecting that if we get/have a recession we should have a further downside in the markets too, thus meaning that the two(market and economy) go along...
The way I see it we are in the depression phase of the crypto market cycle. At least that's how I feel when I look at my portfolio, my earnings, my savings, and my mood affected by such factors. It really is depressing and when I say depressing I mean I probably(if not certainly) need to get a job. Like that depressing.
For someone who's dreaming and hoping to live off crypto for many years down the line and instead getting that much uncertainty ahead, that's really depressing. There's no one to blame for this shit, though. It's my own shit, I created it.
I created it when I refused to take the damn profits I had in hand off the table, when I refused to sell LEO at $1, cash in my UMA airdrop, leave the market completely after the LUNA shit show, and so on and so forth... All of that leads me to this...
A few months ago I thought we were in the depression phase of the cycle already, now I have the same feeling and I don't even know what to believe anymore. What a fuckery...
Thanks for your attention,
Adrian