Did I Miss It?
I am sure I wasn't the only one who woke up on Saturday morning and wondered "what the heck is going on". Perhaps you are a night owl and you saw the dump happen in real time. No matter where you were, or what you were doing, it happened, and now here we are.
I jumped on Twitter, Discord, and Telegram Saturday morning to see if anyone was talking about it and surprisingly, all of those channels were pretty quiet. I know what the main stream media thinks caused it, but I was really hoping to see some insight from crypto insiders. There was none to be found!
So now I sit here, still trying to guess what might have happened to the markets, but even more I am struggling to figure out if I missed my chance to fully take advantage of this bull run.
Sure, I took out some gains here and there and I maximized some of my passive streams of income a bit more, but I really thought I was going to have at least two or three more weeks to make some more moves. If that isn't the case, then I feel like I have no choice but to label this bull run a failure for me.
I should have learned when we saw that initial bump in the markets back in May. I even swore I was going to do things different this time and not wait too long, but here I am.
I hope I am wrong and that this is just a "minor" dip on our way to some new all time highs before the bear market actually starts. It's not that I am afraid of the bear market, I know they are inevitable. I also know they are great opportunities to build your portfolio.
Like I said though, I had plans to put my self in a better position before it hit so I could fully take advantage. I wanted to move more gains into stable coins so I could buy back in when the eventual dip came. Seeing tokens like AVA at prices sub $2.00 has me wishing I really had a bundle of USDC or BUSD sitting in my wallet to buy more.
I really love the quote that has been kicking around over the past week. It goes something like "Whales are made in the bear market, they just don't realize it until the bull market". Feel free to replace "whales" with "fortunes" or whatever you want. It still holds true and has a lot of impact. At least for me.
Especially now that I am looking at the possibility that I am not ready for this bear market. Like I said, that is what scares me most, not that we are entering a bear market, but that I am not ready to take advantage of it.
It drives me crazy to think that I have some tokens I might be sitting on for the next two years that will not be earning me anything passively. That was my other goal besides having some stables stacked up to buy. I wanted to have multiple streams of passive income to "pad" my holdings during the next bear market.
I honestly don't know. Maybe this wasn't it... Maybe we still have a bit of a bull run left. I'd love that. Just don't let me make the same mistake this time that I did last time.
Promise me that!
Let me know what you think about the current happenings in the crypto markets in the comments. I look forward to reading your insight!
Sports Talk Social - @bozz.sports
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