Chris Burniske@cburniske
I hear talk about people capitulating all over these days. Other people capitulating is your opportunity. At none of crypto's pivotal moments was it easy. At bottoms, there was always talk of lower. During forks there was always talk of chain destruction. We now find ourselves in another not-so-easy moment. If that makes you emotional, that's okay, sit with the emotion, observe it, and then decide what to do with it. With some patience, you can make it...
While there is always a risk of lower, I continue to believe this is a mid-bull pullback and that we haven't seen "cycle top." $BTC giving up a bit more ground isn't going to change that view. Selling here is unlikely to be a good idea if you're wavering - because if you're selling here, it also tells me you're prone to get sidelined on the way up. At worst, just sit on your hands, don't even look at prices if it helps and you're not going to do anything anyway. If you have any dry powder left, add bits here and there if things look really attractive to you, or when you feel sickest. NFA, just sharing my two sats.
It looks to me like alts led BTC, BTC led equities. Equities might have some more shaking out to do, but remember this: BTC and cryptoassets are the fastest horses in finance, to the downside and upside. If equities go soft enough, measures will be taken to avoid any major or systemic weakness, because Trump's favorite scoreboard is the stock market -- and cryptoassets will feel those measures most acutely.
If you get out of crypto due to fear, or trying to be too cute, you will get whiplash on the other side of this. Don't listen to the traders that are always perfect - they're liars. People making significant money rarely brag about how much money they make. I make mistakes all the time, but a key for me has always been staying significantly allocated to multi-decadal growth stories. In a sense, I always go partially down with the ship, while storing some reserves in lifeboats when times are good (read: take profit the next time you feel an urge to gloat).
Beyond liquidity injections, rate adjustments, and macro at large, right now is an incredibly exciting time for blockchains. They're finally getting the (inter)national respect they deserve, and all kinds of formidable teams are working on projects to bring blockchain applications deeper (and seamlessly) into the social fabric. Only last year did institutions really get the green light from Uncle Sam to play ball.
All these things take time - hang in there magic money friends.
