Yes this also means your trading cards, skins, cars, etc. Liquidity will evaporate and everything you thought was worth something is now only worth what it means to you. When everyone is scraping for any dollar they can find, nothing is safe.
As we have our relief bounce today, I'll mention the 3 confluences that support the timing of a crash now.
We just experienced maximum excitement over the rate cut with the market rallying the week before.
Escalating tensions of the Russia Ukraine war.
Everyone thinks Q4 = Up
Unfortunately the way this likely plays out is catastrophic. Decades worth of hard time spent earnings will be evaporated as investors realize that investments ≠ savings. Many will take their lives, more than in '08. Lamentably, this will be the sign.
Could be tomorrow, could be in years, but at some point the idea of having no cash and being all in risk will not be the norm. Dip buyers will be punished, phycology will change; this will take time. Years of conditioning that inflation means: don't hold cash, will bite them.
Investor phycology is at an interesting point; no need to hold cash when everything is going up. Buy the dip mentality, but the dips are just normal variance.
Timing is almost impossible to pinpoint, but believe cash is infinitely more valuable right now than any upside.
did bro really lose $100M in a week then say money doesn't matter & then post a donation address the next day?
that can't be what yall are telling me is happening
Ok, time to chill now.
Holding some of the BTC long still and gonna stop touching, on the verge of overtrading, but now is the time to just hold and chill with weekend approaching.
I’d say we cooked pretty fucking hard.