Quick thought from me today,
I've been involved with crypto for quite some time and so this week was nothing crazy for me...
However... IRL... people were losing their shit!!!
I saw so many headlines like "Markets in chaos, Japan/Korea/Asia halt trading, top Cryptos down 20%!!"
Naturally, I laughed at this clickbait headline because IRL and Crypto are very different.
Crypto was and still is an emerging market...
Consider this: Black Monday - October 19th, 1987
The Dow fell 22.6% that day... Avg Spot $BTC fell from $61,000 to $49,111 within 24 hours earlier this week and that's 19.67% for comparison.
$12,000 dip in 24h... or 19.67%!!
So why did I laugh?
Because I entered this world in late 2013... a 20% dip to me is called "Average Wednesday" or "Oopsie, drunken Sunday"...
I do find the headlines entertaining and I understand what is at stake with Bitcoin and the other Cryptos... but 20%... come on man... my SPL Assests are down like 94%... What's 20%? Pfffffffffffffffft.
With that being said, I do hope no one suffered any liquidations and may the markets rebound to even higher numbers - although they need to wait another 6 months so I can DCA more!!