Yesterday evening, I and my wife were crunching numbers as we usually do while working towards our relocation plans. I did my best to remain upbeat about the financial demands that this relocation will demand but the simple truth is that we really need a bull run.
It is somewhat ironic to think that I'm talking about a bull run at a time when it seems like the crypto market has a higher chance of dropping to zero. However, even just a little skin in the game will let you know that this is only just a minor bump in the journey.
If you're so shaken by the current state of the general crypto market and feel the need to rage quit, then maybe cryptocurrencies aren't good for your kidney. My advice is you just invest in basic normy assets and forget about this shit because it'll screw up your digestive system.
If like me, you're very exposed and willing to live on the edge by risking it all, then you know for sure that you're where you want to be. You're invested in a very risky asset class that crashes on a whim and pumps as well.
In any case, as one that is very exposed and currently has 100% of invested assets in crypto, I'm in a good place to tell you not to panic. However, while I'm not panicking, I need the fate of the crypto market to reverse as soon as possible.
I'm asking for a miracle
There's no nicer way to put it; what I'm asking for is very unlikely and is in fact a miracle because there's no sign of a pump on the horizon. In fact, the way things are, there's probably even more pain waiting for the market ahead and that's really what scares me.
One of the most difficult things to do with crypto assets is planning for the future with them. Things are a lot easier when you just intend to hodl or flip assets that you don't necessarily rely on for your sustenance.
For me, every day is a balancing act between short and long term targets that I want to achieve with my crypto.
Right now, I'm in a position where selling is inevitable to achieve the plan. All I'm asking for is a decent pump between now and when I have to sell because this will make life a lot easier for us.
Maybe the bear market might not be too bad
The plan is to sell it all now and buy it all back later. Getting all back later will be a lot more difficult if I sell the bottom and be forced to buy the top when the bull market eventually comes around.
I keep thinking that while the bear market sucks for my immediate plans, the bear market also ensures that buying it all back will be a lot easier. It's a delicate balance that is dependent on fate.
My hope is that the market gives me an exit pump, then dumps right back down to the abyss, so I can buy it all back. Naturally, this will require doing some analysis to pick my moment and then some luck for things to go my way.
For the next couple of months, I'll be looking at the charts more often than I usually do. I need to figure out how to squeeze out maximum value from the assets in my wallet while hoping for a miracle.