According to some stats $2.3 billion was lost in crypto in the last 24 hours and you have to be a complete numpty to be playing these games where we are in the cycle. Greed and stupidity is leading the way and if you lost then it is your own fault which you will never learn from as your emotions will get the better of you again next time and the next time.
$2 300 000 000 is a serious amount of money and why futures trading is so dangerous or having any type of leverage. Yes you can make quick money, but the same applies to the losses and why we love volatility in crypto.
The volatility is happening because of Trumps actions and whether you agree or disagree as an American citizen this will change where the World was heading due to he weak leadership. The rest of the world needed this and why we all paid attention to the last election.
The good part about this is Trump is only getting started as there is so much to fix which was broken over the last 4 years with a non government in place. This election was not about just fixing the US as we needed him to help fix the rest of the world that has gone to pot at least giving us a chance of regaining normality.
The markets obviously do not like this and this will not be a quick fix and this could possibly delay the bull cycle peaks to later in the year now which is what I was kind of banking on.
Unfortunately many in crypto did not read the room and thought this was going to be one big crypto pump from the day Trump took office. I saw people questioning why there was no crypto news and regulations coming out from Trump as there are far bigger things than just crypto that need fixing first. In order to fix crypto other things need to happen first and only once that has been done can the smaller things like crypto be dealt with.
Unfortunately there are consequences of having such a bad government in place and we are now all having to deal with this world wide as this is not only a US problem as this affects us all. South Africa is on the chopping block along with the EU and eventually the UK which all need fixing and having their agendas altered which were not citizen friendly. This has to be seen as good news because there was no hope coming from anywhere else.
Crypto markets will bounce back and if you had funds to buy the dip then congratulations on that as this is a big win. There will be many more dips and if you are crazy enough to play with leverage be very careful. The other major crashes we have experienced were all created by crypto internally and this is the first major one that has hit from the outside news. Trump has only been in office for 2 weeks so there will be high levels of volatility until things settle down which they will given some time.
