This is just a much needed consolidation after the ridiculous run up we had. I would be more worried if we just kept going up. I actually hope we trend sideways for a few months so we can build a base for another lift off.
It's great that you are taking some time off for your family. You won't regret it when you are old and grey.
If there is one thing I will never regret, it is spending time with my son. he's only in kindergarden for 4 hours every day, and fridays he's off. I think it's horrible how people leave their children there for 9 hours every day. That's longer than an average work day for ADULTS.
But it means I have to do a hell of a lot work those 4 hours and before. I get up at 5 oclock and work 3 hours before he wakes up, and I work all evening and sometimes nights. I can do that for a couple of year s until he's 10 and only wants to hang with his friends anyway. And I can chill OUT..hopefully we live on a warm tax-haven by then ;)
I agree. I'm not sure about consolidation though..or I guess you can call it that. It's probably IMO, just very inexperienced and insecure investors. What's the average age of a crypto investor? That would be some interesting shit right there. My next post :)
But I'm pretty sure it's young, and I'm pretty sure there's a lot of CHILDREN investing in this space. Probably 5-10% under 18.
So expect volatility.
It's great that you spend so much time with your son. It is hard but worth it. My wife and I had boy/girl twins about 6 months ago. I work full time and have been spending a lot of late nights preparing posts after they are in bed. The best part of my day is when I come home and can spend a few hours with them.
Enjoy your weekend my friend!