Tell Me That I'm Just Dreaming!
Wow, what a day to wake up! Just like I fell asleep yesterday evening and realized that I have to make time for a blog today, which unfortunately was already 10 days ago, you get a big hangover right after waking up. Not even from a night of partying, not even from a bottle of wine too much (if only it were that big of a party), but from my crypto portfolio, which looked quite green until yesterday evening, but was really deep red when I woke up this morning.
Now I have to admit: the past ten days I have hardly been busy with crypto. I have been busy with wood burning, arranging things in the house, and of course, I have spent a lot of time with Skipper. Just in my bubble, away from the screen, away from the digital chaos. Yes, of course, I have kept a close eye on some price movements here and there, and that made me quite happy until yesterday ... Until the moment I woke up this morning.
Thank You Trump
After checking my portfolio, I had to pinch myself 3 times to check if I was awake and not in a digital nightmare. Then I rubbed my eyes 10 times to check if I hadn't accidentally put my glasses over my contact lenses with a sleepy head, but that wasn't the case either. I saw this right? A deep red color indicates that everything has fallen off the digital cliff. BAM. Where is my profit? Where is my good mood? And most importantly: who and what pulled the bottom out of the crypto market while I was sleeping? And the moment you start asking yourself that, and start reading some crypto news, well, then you end up with - how could it be otherwise - Donald Trump in no time. Or rather, the import tariffs he has imposed.
What exactly does that have to do with crypto? Oh, macroeconomic uncertainty, panic, investors withdrawing and thus plunging all crypto prices into the abyss. I'll leave the details to the experts, but right now I'm just thinking: "Thank you, President Trump." And "Thank you America for voting for him en masse."
What the long-term consequences will be? I seriously have no idea, I'm not even going to think about it anymore at this point, I'll leave that to everyone who claims to know what's going to happen. But I have a feeling that I won't necessarily be happy about it.
Crawling Back Under My Stone
For me, the best thing for now is to take a step back and enjoy the little things. Birds happily rummaging around in my garden. The sun shining. Skipper who - unlike my portfolio - is all cheerfulness. And hoping that the damage doesn't get even worse than it already is.
Because if there's one thing I know by now: the crypto market can collapse in a day, but at least I always have hot tea to drink. Still, I wonder how other crypto investors are feeling right now. Do more people have the resignation of "Fuck, here we go again. Fuck crypto!" as I do? Or is everyone busy with "Buy the dip!". Well, after 3.5 years of dips, I have nothing left to buy another dip. Now I have to say that after all these years in crypto, I have fortunately learned to control my emotions, and I swear ... IF I had dry powder, I would be happy with this crash, it is a nice entry level for many coins.
But anyway, I don't have dry powder, and although I don't panic right away, I do feel sympathy for my portfolio. And if that collapses, it still feels like a clumsy, stupid donkey has kicked my carefully built sandcastle to pieces.
What's Next?
The big question is, what will happen now? I am not going to give any comforting technical explanations, there is a big chance that I would be completely wrong. In addition, I am not at all looking forward to yet another technical analysis explaining why this crash is 'very logical'. I also do not want to hear the doomsday scenarios about how this is the beginning of the end today. So ... I am going to tell Skipper that we are going to look for the sunny cold together and then I will pick up my pyrography pen again. There is enough work to do, and where it is starting to look like I cannot build much nice in the crypto world, I can still make something nice in the real world with my pyrography pen.