According to some stats $2.3 billion was lost in crypto in the last 24 hours and you have to be a complete numpty to be playing these games where we are in the cycle. Greed and stupidity is leading the way and if you lost then it is your own fault which you will never learn from as your emotions will get the better of you again next time and the next time.
$2 300 000 000 is a serious amount of money and why futures trading is so dangerous or having any type of leverage. Yes you can make quick money, but the same applies to the losses and why we love volatility in crypto.
The volatility is happening because of Trumps actions and whether you agree or disagree as an American citizen this will change where the World was heading due to he weak leadership. The rest of the world needed this and why we all paid attention to the last election.
The good part about this is Trump is only getting started as there is so much to fix which was broken over the last 4 years with a non government in place. This election was not about just fixing the US as we needed him to help fix the rest of the world that has gone to pot at least giving us a chance of regaining normality.
The markets obviously do not like this and this will not be a quick fix and this could possibly delay the bull cycle peaks to later in the year now which is what I was kind of banking on.
Unfortunately many in crypto did not read the room and thought this was going to be one big crypto pump from the day Trump took office. I saw people questioning why there was no crypto news and regulations coming out from Trump as there are far bigger things than just crypto that need fixing first. In order to fix crypto other things need to happen first and only once that has been done can the smaller things like crypto be dealt with.
Unfortunately there are consequences of having such a bad government in place and we are now all having to deal with this world wide as this is not only a US problem as this affects us all. South Africa is on the chopping block along with the EU and eventually the UK which all need fixing and having their agendas altered which were not citizen friendly. This has to be seen as good news because there was no hope coming from anywhere else.
Crypto markets will bounce back and if you had funds to buy the dip then congratulations on that as this is a big win. There will be many more dips and if you are crazy enough to play with leverage be very careful. The other major crashes we have experienced were all created by crypto internally and this is the first major one that has hit from the outside news. Trump has only been in office for 2 weeks so there will be high levels of volatility until things settle down which they will given some time.
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It is good if you can see the chess game that has been started.
I've listened to podcasts and read some things and realize some of the things that seem to be a bit bizarro, are just the first move of each item, to get the negotiating started. You have to give yourself some space, knowing it will not be as you started it, but "should" end up better in the end than it is now. Trump seems to be quite good at it and has said the adjustments might hurt a little at first.
That's why you put some back for yourself along the way, so you can survive the dips or times of adjustment.
I have liked seeing hints of some people in other countries starting to come back to their senses. I am hoping more will start pushing back to some major common sense. There has been a LOT of craziness going on across the world in more than the last 4 years, but hugely accelerated during that time.
We'll see happens !
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Yes change had to happen and even if it is forced change because the wokeness that has taken over needs to be crushed and removed. If people cannot see the need for change then I do think they have to look at themselves because what we experienced is not normal. If you are soft then people will take advantage of you and there has been too much of that lately. This will take time to settle down and toes will be stepped on in the process, but this needs to happen. When you consider the rest of the world is looking on with envy with what you have now it shows how bad it is everywhere else and everyone is looking at Trump and co for help. The tariffs that we shall see shortly being issued to other nations is not necessarily about America, but a way of helping others create change that will ultimately help the US in the future. Europe and the UK is lost if this does not happen and we can all see this so yes call him the crazy orange man as he as so much to still do or to start the changes required.
That's right... he's crazy.... crazy like a Fox!
In the longer past, I'd hear things now and then about a new world order and many years back, I thought "America will never fall to that" .... and then it did, or at least the people with the power at the top did. Seeing it happening was hurtful, but worse, seeing it and feeling like there was no way to stop it was terrible!
I have great hope, but I also hold my breath to see if we make it through.
Hmmmm, I was moving some stake to liquidity just in case, but this looks like it will be quite a few months before there will be a true bull cycle...
I could keep some liquid and power back up again I guess... Hmmmm...
Keep the liquid unless it is thousands it will make very little difference with the time left.
I am halting powering down for the moment. I have 2k Hive liquid which is available for the flexibility of having it on hand.
I want another 3k when the time comes which at my size should take around 7 weeks to do when the time comes.
In reality, with laddering, there is never a sell or a buy at 5k total. Realistically it will be AS the funds are available.
I have 5.7k stake now 97% of a Dolphin. I am just going to work my way back into it and go from there. I think that is pretty sound moves?
Indeed. Keeping an amount liquid for the right time seems to be an apt approach.
I saw one on X adding 30k $HIVE and powering it up. In my case, I just bought 3,000 PHP worth of HIVE at 0.2970.
Not surprising he is going the opposite of what he promised.
I didn't get liquidated (I don't use leverage) I didn't buy anything new, but I did use this dump as an opportunity to convert my HBD back into Hive :)
Well played and the right move.
This is the best time to convert some HBD towards hive
I think crypto's future is beyond the ability of any government to influence in any sort of huge way. When it dropped and kind of scared me that one morning, I went and bought more of it and lo' and behold, the very next day it had rebounded.