You thought I was kidding when I said I am dead inside. I am a black hole. Throw catastrophic losses that would have most traders set themselves on fire and I don’t even blink. No emotion.
Experiencing a 60% drawdown within 36 hours frays your nervous system. This isn’t my first rodeo so I watch in amusement while newbies assume the fetal position on busy highways.
There is no shortcut to get here. You must burn in the fires of Crypto. A lot of Crypto Tuition got paid out tonight. Hopefully you paid attention. If you panic sold the bottom, thank you. Please drive through.
Bitcoin Cash chart, a tidy .786 fib correction. It’s bounced 40% off the lows IN THE PAST HOUR.
Riding out these swings is like riding a bicycle. I can tell you what it’s like but until you ride a bike you don’t get to experience what I’m telling you about. Now, you get to experience a crypto style correction. We do this shit right, like we invented it. If Crypto had a VIX it would be pegged at 1,000,000 right now.
It’s late and I’m tired so I’m going to do what any sane person does who is down 50% since yesterday. I’m going to bed and I will sleep like a baby.
I hope you picked up some BCH, XMR or EOS on this dip. They all got hammered. Congrats on your baptism.