Man, what a week.
I don’t remember ever seeing the FaG (Fear and Greed Index) down at 10, let alone for two days in a row.
Since all my trading and banking funds are in crypto (i.e. not USDT), this dip has carved a huge chunk out of my equity, as you can see from the header graphic. Not quite back down to where things started, though it’s a real slap in the face after such steady progress.
But – and it’s an important but – I’m not going to wail and cry about crashes and the end of Bitcoin and how it’s all just a ponzi scheme, because I’m not a complete frigging idiot. This is a dip, that’s all. It’ll pop back up again when confidence comes back, as it always does. And I’m not stupid enough to have all my money in ridiculous meme coins that’ll rug or anything.
Anyway, here are this week’s details:
The numbers aren’t terrible, thanks to Copy Trading being based in USDT, but they’re still infuriatingly refusing to move into the black. Trading’s the hardest hit:
- Trading down 11.13%
- Copy Trading down 1.48%
- Banking down 7.11%
- Overall down by 7.03%
That’s not as painful as expected, with many of the big cryptos dropping a similar percentage (or more) in the last week.
And the good news is that all my trading funds are now in cryptos that should pop nicely, making for a bump in the right direction once things recover!
In this week’s mid-week post, I’ll be looking at positions versus trades and the facepalm lesson I’ve learned from it. Join me then…
Has this dip hit you harder or softer than expected? Would love to know!
