edited using Canva. Image by Ai.
The bloodbath in market is giving me all that bear market PTSD back. Something I was recovered not that long ago and have to admit the mistakes I made costed heavily but the question is; is it over? We're going to zero? What comes next in this quarter is something going to be unexpected like today.
Bull market Flush: Altcoins Dying before Halving
I honestly wasn't expecting a flush like this anytime soon just because I thought this will only fail the bull market because retailers from last cycle are already in loses and only recovering some of that first will bring them back.
I forgot about the fact that how ruthless VC's and suits can be when it's time to dump.
All the Altcoins took a -20% dump and it is first of the bull run flush. Bitcoin did moved like -4% from highs and Altcoins got slaughtered so bad that most of them looks dead.
I can only imagine what will happen if Bitcoin went down -10 to 20% in coming days.
At this point in market I remember someone once said that Altcoins are the only way to steal Bitcoin from people and I couldn't agree more.
I bought the dip
This is the first time when capo is right about the market and I'm seriously worried about it in the short term.
Yet I somehow ran out of stables and now I'm invested fully in the market. So, it means there's no escape anymore either glory from here or more pain.
Positioned myself in cosmos ecosystem like TIA and DYM staked for potential airdrops and the price at lowest that's been testing patience and people are fudding about it.
Also honk Kong narrative seems to be like building as the news of ETFs approval might come on Monday so positioned in CFX as well as hive.
Mental Health after this Flush
Looks like I need to see someone and talk about how bad things are going inside my head and all I'm trying to do is give myself some conviction that it is bull run and in 3-4 months portfolio will be at new all time high.
Mentally I'm prepared for option 2 but somehow gonna survive this trauma too.
I've realized that it's not the right time to have X aka twitter or exchanges so I did uninstalled it already from my device and now I'll focus on farming airdrops.
This was my sign to leave the market and prepare for the final exams.
The Top signals I ignored - Mistakes
This time the mistake I did was becoming a bull and avoiding the fact that Q2 usually isn't good and halving will be bearish like always; it's not different this time.
Another top signal I noticed was that exchanges slowly dropped Apr on USDT and stablecoins mean they were not interested in borrowing from us.
This apr was over 20% and when it slowly started going down I had this idea that a correction might happen but I ignored it and it costed big time.
Wrapping Up...
Let's see how market will recover from this next week, I'm hoping that honk Kong will approve Bitcoin and ethers ETFs which will save the market from worst case scenario.
I hope you're on the safe side and aren't the victim of this market flush. feel free to share what you think about it in the comments.
