Another very long, painful week in crypto goes by.
This dip really makes me wish I had ten grand to drop into BTC right now for when it pops back up!
Here are this week’s numbers:
Overall equity dropped about another $300, which is very much better than I would have hoped, given the rough ride it’s been this last fortnight.
I dropped in another $10 from Cointiply (which goes into Banking) this week, after finishing one of those two easy earners I posted about yesterday, though that hasn’t affected things very much!
In detail:
- Trading down 23.72%
- Copy Trading down 6.17%
- Banking up 2.31%
- Overall down 8.00%
Not bad at all. Banking is kind of an indicator of where the markets are going, since it’s all BTC, ETH and SOL, so seeing that settle down gives me hope that we’ve bottomed for the moment and are rebuilding stability. It certainly feels like it, though feelings can be very wrong.
Copy Trading did well this week, too, though bizarrely uRich (the trader I copy) dropped all their old longs at the same time as closing out over $2,000 of profit in shorts. Perhaps the fees were too big or they decided to start fresh from where they closed them (in the $69,000 to $70,000 area)? I don’t know but it surprised me as it meant taking an overall loss of about $1,300. It was VERY nice to see them managing their equity – and therefore mine – as prices continued to drop. Look at this:
That’s a trader who’s actively covering the big long losses by shorting, taking profit where they can and keeping things from liquidating. Good stuff.
’26 Picks
All my altcoin choices seem to be bottoming out, too: their descent has slowed significantly, hopefully indicating that things are turning the corner. Though PUMP dropped quite badly this week, now only 20% up!
And yes, before you ask, that little corner of my brain is shouting at me for not selling when they were all up at least 20%. But these are my picks for the year and it’s only February, dammit. Breathe. Give them time. Wait for the rally.
How was your week? Do you think we’re back into a period of tentatively rebuilding or are you planning buys at $40k? Would love to hear!
