Today is blue Monday aka the most depressing day of the year. For a lot of people this the year where the New Years resolutions didn't come true. The day where the January weather still sucks and there is no sight of spring already kicking in. And also the day where statistically is is still dark and foggy most of the times.
Everything about all of these assumptions about Blue Monday is totally true here in the Netherlands today. It is grey, boring and nothing is happening. Except for Bitcoin reaching a staggering price of 109.000 US dollars today. Well aint that something to be cheery for?!!!
Coinmarketcap BTC
The price action over the weekend was weird just as it has been weird for the last couple of weeks as it feels. Everything feels edgy and volatile. Or are these just these bigger prices to work with that we are not used to? I'm not entirely sure.
What I know is that today with the inauguration of mister Trump is bringing a lot of movement, just as that the launch of the Trump coin over the weekend on Solana was causing a lot of movement.
Solana went rocket high in no time feeling like there was no way of marching down. I thought of selling some Solana at these high prices to wait until it dumped a bit to buy back lower but I didn't dare...It was moving so fast that I had no idea on when it would stop.
Coinmarketcap SOL
Ofcourse it dropped a decent 10% but this was all too much movement to catch if you are not glued to your screen all day.
No life in other alts
This whole TRUMP token and Solana pump did suck the life out of every alt coin existing though. The whole weekend was just crashing and crashing and crashing prices. With today Bitcoin grinding up again as this whole cycle I have no idea how this will go again.
I guess the bitcoin maxis are having the easiest cycle around. Sit around, hold BTC and do nothing.
While alts?? Yeah, they are having Blue Monday for sure. Loosing hope and having a hard time looking ahead these dark alt-days. But spring will come again for sure, also for alt coins.
Disclaimer: nothing in here is financial advice as always. These are just my random thoughts on the market. Do your own research and don't believe anything that is just an opinion by a random person
It sounds like you're navigating a particularly volatile and unpredictable market, which can indeed be both exciting and nerve-wracking. Blue Monday might be casting a grey shadow over the day, but the Bitcoin surge and the Solana excitement are certainly bright spots in an otherwise dull landscape. It's fascinating how the crypto market can swing so dramatically, especially with events like the Trump coin launch adding fuel to the fire.
Your observation about Bitcoin maxis having an easier time is spot on—sometimes, simplicity and patience pay off. Meanwhile, the altcoin market seems to be in a tough spot, but as you said, spring will come again. Markets are cyclical, and what goes down often comes back up, especially in the crypto world.
It's great that you're staying cautious and not making impulsive decisions, especially with the rapid movements in Solana. Timing the market is incredibly tricky, and it's easy to get caught up in the frenzy. Your approach of reflecting on the market's behavior and sharing your thoughts is a healthy way to process the chaos.
Here's hoping the rest of your week brightens up, both in the markets and in life! Thanks for sharing your insights—it's always interesting to hear how others are navigating these wild crypto waters. Stay strong, and may the altcoin spring arrive sooner rather than later! 🌱🚀
Hahhaha is this you or is chatGPT encouraging me?
lol,no ChatGPT,but it is other AI(LLM).
I just try it
omg it speak more lol
sorry
hahahah yeah, I like the more human approach! 😆
We already hit $155,000 here in Canada 🇨🇦
Heheheh I see it! Looks even more crazy right?
I completely agree... everything feels extremely volatile and honestly, the only thing I feel I can confidentially predict is there is a whole lot of chaos in our future.
That is for sure yeah chaos.. But if that is about the bitcoin price...or... is not clear to me? :D
Oh sorry, I meant everything - crypto, climate, authoritarian governments, etc etc.
Blue Monday just about sums it up for today and sadly some news we received will have stressful reprecussions well beyond today. The sun peaked out from the clouds for about 10 minutes and then disappeared again. Definitely not a day I'd be wanting to repeat.
That doesn't sound good at all Gillian. Hope all is well there and that the stressfull reprecussions are not that bad for you?