Real life vs Crypto - panic levels are VERY different lol
Quick thought from me today,
I've been involved with crypto for quite some time and so this week was nothing crazy for me...
However... IRL... people were losing their shit!!!
I saw so many headlines like "Markets in chaos, Japan/Korea/Asia halt trading, top Cryptos down 20%!!"
Naturally, I laughed at this clickbait headline because IRL and Crypto are very different.
Crypto was and still is an emerging market...
Consider this: Black Monday - October 19th, 1987
The Dow fell 22.6% that day... Avg Spot $BTC fell from $61,000 to $49,111 within 24 hours earlier this week and that's 19.67% for comparison.
$12,000 dip in 24h... or 19.67%!!
So why did I laugh?
Because I entered this world in late 2013... a 20% dip to me is called "Average Wednesday" or "Oopsie, drunken Sunday"...
I do find the headlines entertaining and I understand what is at stake with Bitcoin and the other Cryptos... but 20%... come on man... my SPL Assests are down like 94%... What's 20%? Pfffffffffffffffft.
With that being said, I do hope no one suffered any liquidations and may the markets rebound to even higher numbers - although they need to wait another 6 months so I can DCA more!!